Commercial Diving Life Insurance
For dangerous occupations such as commercial divers for life insurance is classed as one of the higher risk types of jobs because of the level of risk involved. There are a number of risks factors that would be considered by insurance underwriters for commercial diving life insurance, such as decompression (the bends), equipment malfunction and adverse weather conditions. Life insurance for commercial divers will also depend on what type of industry you work in, such as Oil, Gas, Emergency Services or Fishing.
How it works
Underwriters assessing life insurance for commercial divers will generally ask for similar information, such as:
- Which industry
- Type of diving (e.g. Bell diving, mixed gas etc.)
- Depth of diving
- Equipment used
- Qualifications held
The Insurance Surgery is a leading insurance expert for people with dangerous occupations such as commercial diving life insurance. Our team of specialist life insurance advisers has helped thousands of individuals, families and businesses to get the cover that they need at the right price. We understand that people involved in hazardous occupations such as commercial divers looking for life insurance need someone who knows what they need and how to get it at an affordable price.
Commercial Diving Life Insurance
Life insurance for commercial divers is often accepted however there is generally an increase (loading) to the premiums that you will pay. Due to the increased levels of risk related to commercial diving it is often viewed as a high risk occupation by life insurance underwriters. Some commercial diving life insurance applications are accepted at standard rates with no premium increase if your diving activity is lower risk.
There are a number of diving activities that may cause life insurance underwriters to increase your premiums, such as:
- Mixed gas diving
- Use of explosives
- Extreme depths
- Dangerous locations
If you have been declined life insurance in the past because you are a commercial diver, that does not mean that you are uninsurable. The Insurance Surgery is a leading insurance for hazardous occupations expert such as life insurance for commercial divers, speak to our team of experts.
Commercial Diving Critical Illness Cover
Commercial Divers looking for Critical Illness Cover will generally find that cover will be available, however there will almost always be an exclusion based on their occupation. Due to the increased levels of risk involved with commercial diving and the way that critical illness cover is underwritten, any claim for illness or injury as a result of the job you do will not be accepted.
Critical illness cover for commercial divers may also be declined with certain life insurance providers who are more strict with hazardous occupations and depending on the type of diving you do. If you have been declined previously then that does not necessarily mean that you cannot get critical illness cover for commercial diving.
It is important to remember that even though your acceptance for critical illness cover for commercial diving may come with exclusions, you will still be covered for a large number of critical illnesses and non-occupational related claims.
Commercial Diving Income Protection
Generally Income Protection for commercial divers is not available through the normal markets, therefore you may need to apply to a specialist provider. Due to the increased risks involved in commercial diving and how income protection is underwritten then we are able to get cover for you, however premiums will normally be increased and there may be special terms applied.
About Commercial Diving
The main difference between recreational diving and commercial diving is the depth that divers will go to. Some examples of this are:
- Recreational diver: 130 feet
- Commercial diver: 200 feet (helmet air supplied)
- Mixed gas diving: 300 feet
- Bell-bounce diver: 600 feet (for short periods)
- Mixed gas saturation diving: 2,000 feet
There are a number of different types of commercial diver that can work in a number of different sectors or industries, such as:
- Oil industry
- Gas industry
- Emergency services (e.g. Police, rescue, Military etc.)
- Coast guards
- Communication industry
It is clear that there are additional risks that come with most commercial diving jobs and therefore it is important to speak to a specialist when looking for life insurance. Our team of life insurance experts have worked with many commercial divers so we know how to get you the best cover at the right price.