Commercial Diving life insurance, critical illness cover and income protection
We are an insurance specialist for people who have a high risk or hazardous occupation so we know how to get the cover you need to protect your loved ones and how to save you money on your monthly premiums. It is a well-known fact that if you are classed as high risk by insurance underwriters because of your occupation or sport that you will probably have to pay more for your life insurance. Commercial Diving life insurance, critical illness cover and income protection is one of the higher risk classes due to the levels of danger involved because of the type of activity. You may find that your insurance premiums will increase for Commercial Diving life insurance, critical illness cover or income protection to reflect the fact that the potential for accident, illness or injury can be relatively high.
There are a number of reasons why your occupation may be classed as high risk by insurance underwriters, such as:
- Working with hazardous substances
- Working in dangerous environments or areas
- Using dangerous materials or tools
- Working in dangerous locations
Commercial Diving life insurance, critical illness cover and income protection will mainly be classed as hazardous because of the type of activities involved as well as the type of equipment. There are other potential risk factors which can impact your premiums and you will have to disclose several bits of key information on your application so that underwriters can assess your risk.
Types of Commercial Diving:
- Bell divers
- Mixed gas divers
- Communications divers
- Rescue divers
- Police (Emergency services) divers
The levels of cover and amount you will pay for Commercial Diving life insurance, critical illness cover and income protection will depend on which type of diving you do, which industry you work in and how deep you dive.
Commercial Diving life insurance
It is generally fairly easy to get Commercial Diving life insurance through the majority of insurance providers in the mainstream UK insurance market. Underwriting from insurance providers can vary for hazardous occupations such as Commercial Diving for life insurance so it is important to ensure that you apply to the ones who are good for your circumstances. Premiums for Commercial Diving life insurance will vary depending on how much risk is involved with your type of diving and can vary from standard rates to high premium loadings for more high risk applications.
Some of the key factors for underwriters when assessing applications for Commercial Diving life insurance:
- What industry do you work in (e.g. Gas, Oil, Emergency services etc.)
- How often do you dive/how many dives per year
- What depth do you dive to
- Which type of equipment do you use for your diving
Some of the usual points that will determine the premiums you will pay for Commercial Diving life insurance are:
- Amount of cover (£’s)
- Term of your policy (years)
- Type of life insurance policy
If you need help or advice to get competitive Commercial Diving life insurance then you should call 0345 565 0935 today to speak to one of our team of insurance experts.
Commercial Diving critical illness cover
It is also very possible to get Commercial Diving critical illness cover in a lot of cases, especially where the levels of diving are not too deep and less frequent. You may even be able to get Commercial Diving critical illness cover at standard rates which is the same as someone who does not have a high risk occupation if you are classed as relatively low risk. There are several reasons why you may be classed as higher risk for Commercial Diving critical illness cover such as deeper dives and diving with more hazardous materials which may incur a premium loading to reflect the increased risk or potential policy exclusions.
In most cases there will be a diving exclusion on the policy due to the risk relating to diving and serious illness and you may also find that Total and Permanent Disability will be excluded. This is a fairly common occurrence in these types of applications so do not let this put you off getting the cover you need to protect your family.
Commercial Diving income protection
We can get Commercial Diving income protection cover in some instances but it can be more difficult to get this type of policy for this occupation. There are certain insurance providers who will consider Commercial Diving income protection applications as they are more flexible with their underwriting.
Commercial Diving life insurance, critical illness cover and income protection
If you are looking for a competitive quote for Commercial Diving life insurance, critical illness cover and income protection then you should speak to one of our team of experts today by calling 0345 565 0935.
Inspects and maintains diving equipment, such as helmets, masks, air tanks, harnesses, and gauges. Ensures appropriate safety measures are taken; monitors dive lengths and depths.
Get a no-obligation quoteWhat is commercial diving life insurance?
A commercial diver is someone who performs underwater diving search and rescue, salvage and recovery as well as clean up operations. Since a commercial diver is considered a higher risk occupation, it is important that they inspect and maintain diving equipment and ensures appropriate safety measures are taken. Another form of preparation a commercial diver can take is financial protection such as life insurance. Commercial diving life insurance is a type of financial cover that pays out a lump sum in the event of death.
Do I need specialist diving life insurance?
Whilst you do not necessarily need specialist life insurance for diving, it is definitely something we would recommend here at Sports-FS. Over the 20 years as a specialist sports and occupation life insurance provider, too many times we have seen divers come to us with insufficient financial cover that actually protects them should the worst happen. Our specialist life insurance services for commercial divers means that you can get the right level of cover for your sport and at better rates.