High-risk Professions and How to Manage Your Insurance

The UK insurance market is the fourth largest in the world and the most valuable in Europe, with an estimated cumulative value of around £220 billion (or $283 billion).

This sector is also a broad and diverse marketplace, which provides coverage a wide range of industries and the various people involved.

For example, you can seek out specialist insurance for high-risk professions. But what are riskiest jobs and markets, and how can you deal with associated insurance policies?

What are the Riskiest Professions?

Some of the riskiest professions are also among the most satisfying and rewarding, including the role of police officer. Working as a fire fighter belongs in the same category, as such individuals put their life on the line in the line of duty every single day.

Depending on the precise nature of their roles, police officers may require specialist insurance. This often isn’t required for standard municipal offices, of course, but it may well be if you work in the SWAT team or handle firearms.

Conversely, all firefighters in cities and urban areas are likely to be considered high risk, and may benefit from some form of bespoke and extensive coverage.

Extraction and construction workers may also be classed as operating in high-risk professions, with such individuals often working at height and prone to brain injury claims.

Construction workers are arguably vulnerable to a particularly large number of individual risks, from falling debris and handling hazardous materials to slipping and tripping hazards at height.

Loggers are also considered as high-risk workers, with this thought to be the most dangerous profession in the country. This certainly includes a number of potential safety hazards, including falling out of trees and working in remote, rural areas.

How to Deal with Insurance and Coverage

Once you’ve appraised whether your profession is classed as high-risk, the next step is to consider the precise type of insurance for you.

As we’ve already touched on, for example, construction workers may want to consider standard or bespoke policies that provide coverage for specific types of injury (like head or brain injuries).

Subsequently, you may want to review standard policies that are available and in play, before attempting to determine if any such injuries or illnesses are covered by your insurance. If not, you can potentially create unique and customised insurance policies that incorporate the required coverage, with this factored into the total cost.

Sure, this may increase the cost when compared with a standard policy, but it’s important to measure this against the additional value for money that it provides.

In some instances where you find that a particular injury or accident isn’t covered by your insurance, you could also look to claim liability from your employer’s insurer.

This is an option in cases where your employer or a particular company is at least partially responsible for the accident, either due to negligence or a simple lack of risk prevention.