No matter what your job, disability is common. One out of every eight workers in general is likely to be disabled for at least five years out of his or her career, and one out of every five will be kept off the job for a year or more before they turn 65. Most disabilities are more likely to come from non-work-related sources, which by the way, would not typically be covered by worker’s compensation.
What’s more, most life and disability insurance carriers simply will not insure commercial divers – not even with a work related loss exclusion. Commercial diving-specific work hazards require specific coverage to address that exposure, but divers also need to be ready for all of the other unexpected non-work related hazards.
What Fisk Marine Insurance International offers is unique. We provide the difficult to obtain coverage that divers need and should have. Commercial Divers should get a policy that makes them feel safe, and our offerings cover most of the causes of disability they are likely to face. Dealing with on-the-job commercial diving risks requires knowledge of the relevant laws, including the Jones Act and the US Longshore and Harbor Workers’ Compensation Act, which we also bring to the table.
For us, individuality is a key focus. Unlike other insurance providers, which may refuse to provide policies for individual divers, we provide the specific policies that cover each worker with the insurance coverage they need. This comes from our expertise working with individual medical, life, vision, dental and disability insurance for a variety of marine industries, from offshore exploration to scientific research. Policies can also include employee benefits and other important concerns, such as supplemental retirement income.
We can offer Life, Health and Disability insurance for groups, too, under Employer Sponsored Benefits for Commercial Diving Companies. Clients should turn to us for the policies they need, since we have the know-how to provide them.
To start learning about the insurance policies that can best protect you, download and submit a request for an individual disability or life insurance plan. Our site is secure and encrypted, and all personal information will be handled confidentially. For more details on our various benefits and services coverages, send us a message through our online submission form.
LIFE & HEALTH INSURANCE
AFFORDABLE CARE ACT COVERAGE (ACA)
available through government-developed Web portals on an individual basis must provide a certain minimum level of care as defined in the Act. The Act also places the same minimums on any coverage offered through the employer-controlled health insurance plan. The government does not provide the coverage; it provides only the exchange websites through which clients can compare coverage. The government also establishes the minimum coverages that can be offered: Insurance companies can provide coverage in excess of the minimum.
GROUP HEALTH INSURANCE
plans sponsored by the employer or organization for the benefit of employees or members are widely available and are an important benefit. Policy premiums for this coverage are paid in whole or in part by the employer. The employer may not discriminate and must offer the same coverage to each employee. Employees have the option to include family members at an additional cost that they usually pay for themselves. The Affordable Care Act establishes the minimum coverage that can be provided but does not prohibit additional coverage from being offered.
GROUP LIFE INSURANCE
may be purchased by businesses for the benefit of their employees. These policies may be written to provide, by certificate, a minimum insurance amount for each employee, subject to increases as the individual’s period of employment lengthens. The employer may pay policy premiums either in whole or in part.
INDIVIDUAL HEALTH INSURANCE
is available to individuals through private carriers. Minimum coverage amounts are mandated by the Affordable Care Act but options can be provided for additional premium costs.
KEY PERSON LIFE INSURANCE
reimburses businesses for financial losses resulting from the death of a key person in the business. It can also be used to build up a sinking fund, to be available when that person retires.
provides cash to the remaining partners to carry out a buy-or-sell agreement in the event of the death of a partner. The advice of an attorney is customary in tying the insurance in with a carefully arranged and structured agreement.
SUPPLEMENTAL MEDICAL EXPENSE INSURANCE
pays cash to defray expenses incurred because of an illness. Insurers generally offer several policies that vary in scope of coverage and cost.
TRAVEL ACCIDENT INSURANCE
pays employees or their beneficiaries for injuries that occur during the course of travel authorized by the policyholder/employer. Benefits include a principal sum for loss of life and specified payments for loss of limbs or eyesight. Coverage may include travel from the employee’s residence to work and the return trip.