Life Insurance & Income Protection For Commercial Divers
As a Commercial Diver, do you want peace of mind as you work? Read on to find out how Insurance Hero can help protect your family and allow you to undertake higher-risk commercial diving work.
Life Insurance, Critical Illness and Income Protection Cover at Insurance Hero
Here at Insurance Hero, we help those employed in higher-risk occupations to get life insurance and other associated covers. You deserve to have that additional comfort, knowing that your dependents are covered should you be affected by illness or injury. Commercial Diving is considered a hazardous occupation, and insurance premiums will fluctuate depending on which Sector you work in and your daily activities.
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Sectors that have a long association with Commercial Diving include:
- Oil and gas industry
- Emergency services
- Construction industry
How Can Insurance Hero Provide You with The Most Competitive Life Insurance Quote?
Insurance Hero is not limited to the services of any single insurance company. We will discuss your requirements and circumstances in depth. We will then go out to a strong network of underwriters that specialise in high-risk occupations, therefore getting you the most competitive quote.
For Insurers, Why Is Commercial Diving Considered A High-Risk Occupation?
Commercial Diving differs from recreational Diving predominantly due to the extreme depths reached. A recreational diver may dive to 130 feet. A Commercial Diver can be involved in mixed gas diving of up to 2000 feet! Commercial Divers are not on a relaxing shallow dive surrounded by coral reefs. Their work may include repairing pipes deep down an oil rig or fixing cables on the seabed for a national communications provider.
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If Commercial Divers do not follow proper procedures when working at great depths, they can be susceptible to some of the following injuries and illnesses:
- Decompression Sickness
- Dysbaric osteonecrosis
- Pulmonary Barotrauma
- Nitrogen narcosis
- High-pressure nervous syndrome
As a result of this higher occupational risk, life insurance premiums in commercial Diving are likely to be higher than in other jobs.
What is Commercial Diving Life Insurance Cover?
Like other occupations, life insurance cover for Commercial Divers is a contract between the policyholder and the insurer. In return for paying a monthly or annual premium, the insurer will provide a lump sum payment to a designated dependent in the case of the death of the policyholder.
Ahead of getting a life insurance quote, think of your current circumstances. How much cover will you need to cater for dependents should anything happen to you and how long would you like the term of the policy to be?
Relevant areas to think about include:
- Outstanding debts
- The amount left on your mortgage
- Post-tax annual income
- Financial assets
- The income of your dependents
For Insurance Hero to provide you, as a Commercial Diver with an accurate quote, we will work through a fact-finding questionnaire with you. We can then give the insurance underwriter a precise overview of your current circumstances.
Regarding your occupation, they will want to know:
- Typical diving depth
- The Sector employed in
- Your qualifications
- What equipment you use
- Duration of dives
- Frequency of dives
Contact us now at Insurance Hero for a free quote. If you are a Commercial Diver and need life insurance or associated cover, our professional team will be happy to help. Please call directly on 0203 129 88 66 for all your requirements
Critical Illness Cover for Commercial Divers
Critical illness cover provides a lump sum payment to the policyholder. In the case of a medical diagnosis or procedure that stops you working as a Commercial Diver, by paying a regular premium, both you and your dependents have protection.
On a policy, specific illnesses are predetermined, examples of which may be the following:
- Heart Attack
- Certain types of cancer
- Parkinson’s Disease
To provide you with a quote, Insurance Hero will need to provide the underwriter with an accurate overview of your circumstances.
Concerning commercial Diving, questions may include:
- Do you dive using mixed gas?
- Do you use explosives?
- Are hazardous materials handled?
- Are you working at extreme depths?
- Do you work in dangerous locations?
Commercial Diving Income Protection Cover
Commercial Diving is typically a well-paid occupation due to the inherent risks involved. Should you be unable to work due to injury or illness, income protection cover can provide a regular income following a pre-agreed period in the policy. Cover varies but can kick in as little as one month after you make any claim.
To provide a quote, Insurance Hero will need to understand your income requirements and current circumstances. We will need to know your:
- Monthly income after tax
- Existing mortgage or rent payments
- Your cost of living
- Any other debts
- The income of any dependents
Insurance Hero has helped Commercial Divers get competitive income protection cover quotes. Please contact our friendly team on 0203 129 88 66 to discuss your needs.