Need help understanding your life insurance or income protection options as a carpenter, plumber or electrician? Here’s some information to help you get your life insurance or income protection sorted.
To help you apply for cover, there is certain information that you will need to know to get the most accurate life insurance comparison and to make your application as easy as possible.
For plumbers, electricians and carpenters applying for life insurance and income protection, the insurance company will ask you a series of questions to get a better idea of your work environment and the type of duties you perform.
Working at heights
When you apply for cover, the insurer will ask you a series of questions about your work environment, including whether you work at heights and how often.
If you work beyond a certain height, there are some risks associated with this work environment that an insurer will have to consider with your application. This may result in a loading on your premium, which means the premium you pay is adjusted so the insurer is able to provide you with cover even if you do work at heights.
Exposure to dangerous substances or high voltages
The insurer will also ask you a series of questions about what equipment, chemicals or other substances you use in your work. If you are exposed to any dangerous substances or high voltage electricity, the insurer will have to consider this when confirming if an exclusion or loading would apply to your cover for any injuries that result from exposure to these things.
Working on site
If you work on site, rather than in an office, the insurer will ask you about your work environment. For example, what height do you work on scaffolding at, or are you working in an underground mine?
The insurer will use this information to understand whether a loading or exclusion might need to apply to your policy and whether they can help cover you in a more hazardous work environment. Although safety always comes first on a work site, there are some inherent hazards in some work environments, so it’s important to disclose them when applying, so you have confidence in your cover and understand it in case you need to claim.
Don’t forget Business Expenses
If you’re a tradie working as a sole trader, you may also want to consider Business Expenses insurance. Business expenses insurance helps to continue to cover your business expenses if you become ill or injured for an extended period of time. Chat to our specialists consultants to compare your options
To learn more about your cover options or to complete a pre-assessment to see if your work environment may result in a loading or exclusion, call a qualified Lifebroker insurance consultant today.
Lifebroker only provides general advice, which means we haven’t considered your individual financial situation, objectives or needs. You should read the relevant Product Disclosure Statement, along with the Lifebroker Financial Services Guide to understand if the product is right for your financial situation or needs.