Life insurance and other coverages for Commercial Divers
As a commercial diver, what you do is a very important and dangerous work. That's why it's crucial that you have peace of mind as you work. Read on to find out how we can help you achieve that by protecting your family while you undertake your higher-risk commercial diving work.
WeCovr prides itself on helping people employed in higher-risk occupations to get life insurance, income protection, critical illness and other important insurance covers. At WeCovr we know that you want to be known as a responsible spouse and parent to your family. In order to do that you require insurance.
The problem is you might think you don't qualify, or worse, you believe you can't afford it and this makes you feel defeated and frustrated. We believe every person should have access to affordable life insurance that prevents their families from financial devastation should they die or get injured or critically ill.
We understand the weight of this responsibility. We've been helping families get affordable insurance for years. You, too, deserve to have that additional comfort from knowing that your dependents are protected should the worst happen to you or should you be affected by illness or injury.
Commercial diving is viewed as a hazardous occupation, and insurance premiums vary depending on which activities you undertake on a daily basis.
Some of the industries where Commercial Diving professionals operate include:
- Oil and gas industry
- Construction industry
- Emergency services
WeCovr helps Commercial Divers get great insurance coverage because we are not limited to the services of any single insurance company. Our experts will analyse your requirements and connect with a wide network of underwriters that specialise in high-risk occupations, therefore getting you the most competitive quote.
Why is commercial diving seen as a high-risk profession by insurers?
Unlike recreational divers, Commercial Divers typically operate at extreme depths. While a recreational diver may dive to 40 meters or 135 feet, Commercial Divers can easily do important oil and gas work at depths of up to 600 meters or 2000 feet. Far from recreattional pleasant shallow dives arond coral reefs, they are working in cold waters and heavy gear fixing rigs and replacing cables at very large depths for any human to operate on.
As a result of such extreme conditions, Commercial Divers are particularly vulnerable to contracting serious conditions such as:
- Pulmonary barotrauma
- Nitrogen narcosis
- Generalised barotrauma or caisson disease
- High-pressure nervous syndrome
- Dysbaric osteonecrosis
This is just a partial list which explains why insurers are having to adjust insurance premiums to higher levels for people engaged in Commercial Diving compared to jobs in an office setting in other industries.
Commercial Diving Life Insurance cover - questions you may be asked
As a Commercial Diver you will want to have a quote as competitive and best value-for-money as possible for your important occupation. This is also our goal for you, which is why we will need to go through a fact-finding list of questions with you that insurance underwrite will want to know:
- Duration and frequency of dives
- Typical diving depth
- Sectors where you operate
- What equipment you use
- Your qualifications
If you are a Commercial Diver and need life insurance or related coverages, WeCovr's award-winning FCA-authorised adviser panel will be happy to help.
Critical Illness Cover for Commercial Divers
Critical Illness Cover for Commercial Divers is designed to pay out a lump sum if you have to go through a medical procedure or are diagnosed with a critical illness and survive at least ten days from diagnosis. The lump sum amount is to assist dependents financially while letting you concentrate on your diagnosis and recovery without having to worry about finances.
Your question here may also include:
- Do you use of explosives?
- Any other hazardous materials handled?
- Do you dive using mixed gas?
- What locations and depths do you work in?
The list of illnesses that are part of critical illness cover includes but are not limited to some of the following:
- Alzheimer’s disease
- Multiple Sclerosis
- Some types of cancer
- Heart attack
Income Protection Cover for Commercial Divers
As a Commercial Diver, you're performing a well-paid work because of its higher-risk nature. So if you are unable to work due to injury or illness, you may also benefit from having an income protection cover in place. It will provide a regular income for an agreed period. For an income protection cover for a commercial diver, WeCovr's experts will need to know your financial and monetary circumstances, such as:
- What level of income will you require and your monthly income after tax
- Your mortgage or rent payments as well as other costs of living
- Any debts and income of any dependents
To provide an accurate quote and offer you best value-for-money insurance plans, WeCovr's insurance partners will need to ask several questions, including:
- How long do you want your policy to last?
- Do you want level or decreasing cover?
- Do you want to add a terminal benefit to your critical illness cover?
Get a free, no-obligation quote today for Commercial Divers Insurance cover – protect your family! It's important for everyone and especially when you undertake high-risk Commercial Diving work!