If you are on the search for life insurance, critical illness or income protection to cover working offshore then contact Sports Financial Services.
Over the years Sports Financial Services has developed an expertise in providing protection for many hazardous sports, hazardous pursuits and hazardous occupations.
Our specialism is helping people who are classed as non-standard or classed as higher risk because of their sport, hobby or occupation.
Life insurance for offshore workers
Whatever your role offshore, Sports Financial Services will be happy to hear from you, to discuss your individual insurance needs.
There are a range of insurance options available for offshore workers who are looking to provide for a family, cover mortgage payments or require income protection should an accident (or worse) happen whilst working offshore.
If you are an offshore worker and are looking for a lump sum to be paid following an accident or natural death then you may want to consider life insurance. If you are concerned that an accident may affect your ability to work then an income protection policy for offshore workers may be something you want to chat to us about.
Offshore industry occupations and locations
All offshore occupations are not created equal and different job roles are associated with different levels of risk.
At Sports Financial Services we understand that insurance risk can vary dramatically between different offshore roles and occupations.
Examples of offshore job roles and occupations:
- Commercial diver
- Crane operator
- Deck worker
- Electrical engineer
- Emergency response specialist
- Gas production technician
- Health and safety officer
- Marine engineer
- Mechanical engineer
- Offshore chemist
- Oil production technician
- Oil rig welder
- Rope access technician
- Wind turbine technician
Some roles are more administrative and others involve hazardous duties, working with hazardous materials, hazardous environments, hazardous machinery or are more physically demanding, for example:
- Handling chemicals
- Handling hazardous materials
- Operating well-head equipment and heavy machinery
- Working at height
In addition to offshore occupational role, and associated hazardous duties, insurers will also take into account where your offshore work takes you. Work can be based inland, coastal or offshore and take place in a variety of geographical locations, such as the North Sea, Africa, Eastern Europe, Middle East and the Gulf of Mexico. Insurers may view some geographic locations as having a low risk profile and other locations may be seen as riskier due to political or civil unrest.
An assessment of the premium to be paid for life insurance will be based on the level of risk involved and your personal adviser at Sports Financial Services will discuss this with you.
Wherever your offshore work takes you, from offshore oil and gas rigs to offshore wind turbines, then Sports Financial Services will be happy to hear from you to discuss your needs.
Life insurance, health insurance, income protection cover for offshore oil, gas and renewable energy
Sports Financial Services work hard to ensure that those who work offshore can access insurance cover, that has previously been subject to restrictions or exclusions, because of the hazardous nature of the activity.
Contact Sports Financial Services today to discuss your needs in relation to:
- Life insurance for offshore workers
- Mortgage protection for offshore workers
- Critical and serious illness cover for offshore workers
- Income protection for offshore workers
In addition, you can also speak to Sports Financial Services about private medical cover.
Due to the hazardous nature of the activity we are aware that offshore workers take safety measures seriously. This can include strict compliance with Health and Safety procedures, safe systems of work (such as work permits), company recommended safe working practices and safety training.
Frequently asked questions when offshore workers apply for life insurance and financial protection
When applying for offshore cover, Sports Financial Services will take into consideration a number of factors that will help determine your final premium paid.
A personal adviser is allocated to your offshore enquiry and will talk you through the specific questions that relate to you and your offshore cover.
Typical life and lifestyle questions, that we may ask you in order to determine your risk level, include:
- Your personal lifestyle and health (e.g. smoking, alcohol consumption and participation in exercise)
- Your height
- Your weight or body mass index
- Your age
- Your medical history
Occupational and recreational questions, related to your offshore activities, could include your:
- Type of offshore work
- Job /occupation title
- Daily tasks / hazardous or dangerous duties (e.g. working at height)
- Professional body membership (e.g. IRATA for rope access technicians)
- Professional training and qualifications
Frequency of work and/or time spent on work rotation
- Method of transport to rigs
- Type of industry (oil, gas, renewable energy)
- National and international work and travel locations
Finally, questions relating to the amount of cover you require and the duration of your offshore cover will be sought, including:
- The amount of cover you require (£)
- The term of the policy you require (number of years)
- The type(s) of policy required and any mix of additional cover options
Your information, such as that detailed above, will help determine the level of risk involved and the ultimately the premium paid for a policy by an offshore worker.
Business protection and offshore work
For those who operate a Limited Company or operate at Director level then you may want to speak to Sports Financial Services about options for life, health and business protection cover, including:
- Key Person insurance
- Relevant Life insurance
- Shareholder Protection
- Income Protection
- Individual and company Private Medical Insurance
Here to help offshore workers in the oil, gas and renewables industries
Even if you have an existing offshore policy in place elsewhere, Sports Financial Services will be happy to hear from you, even if only to provide you with peace of mind that your cover and premiums are comparable with current market products.
If you would like to find out more about life insurance for offshore workers, health insurance for offshore workers and income protection cover for offshore workers then speak to one of our experienced advisers at Sports Financial Services today on 0345 565 0935 for a no obligation quote.