Dangerous Jobs Insurance – What You Need To Know

Posted on: 19-11-2014 in Insurance

If you have a dangerous job, you need insurance much more than the average person. That’s because you’re much more likely to get hurt, disabled, or killed at your place of work. The problem is that your job is going to make it harder for you to find decent coverage. While sorting out dangerous jobs insurance can be challenging, with a little planning you should still be able to find a good solution for your needs.

Types of dangerous jobs

While there’s a chance you could get hurt at any job, some professions are much more dangerous than others. Insurance companies look at the injury and death rates at different jobs to identify the ones that they think are dangerous. These include careers like fishing, logging, flying planes, working in law enforcement, roofing, and working with electrical wires. If you work in one of these fields, it’s going to be harder for you to get insurance.

Dangerous jobs insurance problems

When you apply for insurance with a dangerous job, you could run into a few different problems. First, some companies will offer you a plan but at a much more expensive price. You may end up paying twice as much per month or more to make up for the fact that your job is a lot riskier than the average job.

Other companies will offer you insurance at a regular price but they’ll exclude any issues that come up as a result of your job. If you become disabled or die at work, your insurance won’t pay anything. This isn’t ideal, especially if it’s the only insurance you have because if something happens at work you’d be stuck with nothing. Finally, some insurance companies will reject your application. It’s possible they’ll find your situation just too risky and they won’t want to give you a policy. You may have to apply with a few different companies before you’ll get coverage.

Strategies to get affordable insurance

While getting affordable insurance with a dangerous job isn’t easy, it is possible with the right strategies. First, you should do everything you can to make yourself look like a safe applicant besides your job. Some ways to do this are to quit smoking, get in the best shape possible, and avoid dangerous sports.

Beyond that, the insurance company you work with makes a difference. Some companies are more willing to accept applicants that have dangerous jobs. Ask your insurance agent or broker if they can recommend a company for your situation. Finally, ask your employer if they offer any sort of company plan for disability and life insurance. Group plans are usually easier to qualify for so this could be another option.

Leaving your dangerous job

No matter what you do, your insurance is going to be more expensive for covering your dangerous job. If you ever leave your job and take up a safer career, you should contact your insurance company immediately. They’ll reevaluate your situation and you should be able to qualify for a more affordable rate at that time.

A dangerous job is a special kind of challenge and unfortunately, there’s no way to guarantee you’ll always be safe. However, by setting up your dangerous job’s insurance properly, you can at least guarantee that you and your family will be protected financially from anything that happens at work.