Tag Archives: roofers

Jobs hated by insurance companies

1. Fishing industry:

Number one on the list of jobs hated by insurance companies is the fishing industry. Statistically speaking, for every 100, 000 individuals working in the fishing industry, nearly 131 of them will die each and every year while on the job. Compare that to 0.45 deaths per 1, 000,000 for someone who works in the business or financial sector.  It is easy to see why disclosing on a life insurance application that you work in the fishing industry can raise a few red flags.

In addition it should be noted that not all of the individuals that die while working in the commercial fishing industry are on boats. There are many different occupations within the fishing industry as a whole. There are  occupations such as fish farming and fish processing, which can also be quite dangerous.

These deaths are generally a result of a combination of severe weather conditions and extreme fatigue.  Any one fisherman usually puts in a 21-hour shift. This is why it is one of the jobs hated by insurance companies. Common causes of fishing related deaths include vessel disasters, falls overboard and onboard injuries.

2. Loggers:

If the Discovery Channel has decided to do a show about your line of work, you are probably going to have a difficult time buying life insurance. This is one of the jobs hated by insurance companies.

An alarming fact is that 97 people out of every 100, 000 who die each year are loggers. Loggers work with heavy, moving weights and the use of tools such as chainsaws and heavy equipment. In addition they are on uneven and sometimes steep or unstable terrain. Loggers also deal with severe environmental conditions.  Such conditions are inclement weather and severe heat or cold. An injured logger is often far from professional emergency treatment.

3. Aircraft Pilots:

Statistical data in this area generally lumps all aircraft pilots together when they report that there were approximately 69 deaths per 100, 000 pilots last year.

The definition of an aircraft pilot is someone who flies a commercial airliner, a private plane, a blimp, a hot air balloon, a hang glider or flies a plane for recreational purposes. Other details needed to assess a pilot:
– what type of instrument rating the pilot has;
– how many hours are flown per year;
– which countries are visited when flying.

High stress and long hours take their toll on commercial airline pilots.  Search and rescue pilots as well as flight engineers fall under one of the jobs hated by insurance companies.  Test pilots court risk while pushing equipment to the brink.  Crop dusters are exposed to a hash of chemicals as they fly low near power lines and other hazards.

Pitfalls a pilot may encounter when taking out life insurance:
– paying a flat extra fee for being a pilot;
– having exclusions added to the life insurance policy which would void coverage if death occurred while piloting an aircraft.

4. Miscellaneous extraction workers:

The term “miscellaneous extraction workers” is an extremely broad term.  It generally refers to any professional that is involved in the extraction or removal of natural resources from the ground and/or sea.  It is also one of the jobs hated by insurance companies.

Extraction workers will generally be working with or around heavy, dangerous drilling equipment as well as large construction vehicles. Job titles that will often fall under miscellaneous extraction workers might be: –

– oilfield or platform worker
– large scale construction demo removal specialist

The life insurance industry has taken special notice of these types of professions which is why it will be more difficult to find coverage as an “extraction worker”.

5. Number five on the top ten most dangerous jobs hated by life insurance companies hate is iron and steel workers.

With a death toll of 42 out of every 100, 000 people, it is clear that working in the iron and steel industry is a dangerous place to be. These jobs will often times be overlooked when it comes to applying for life insurance. There is a danger in that applicants are not always honest about their occupation.  They run the risk of a company not paying out a death benefit because the applicant was not above board on his application.

6. Roofers:

The only issue life insurance companies have with insuring roofers is whether they do residential or commercial roofing. Commercial roofing is regarded as higher risk than residential and therefore will increase the premium.

7. Garbage collectors:

With nearly 33 deaths per 100, 000 garbage collectors die about four times more than firefighters and thus are loaded when buying life insurance.

8. Farmers and Ranchers:

With a death toll of approximately 24 per 100, 000 workers, working as a farmer or rancher can be dangerous. Both job descriptions have to normally work with large, heavy equipment such as tractors, combines, hay balers, field cultivators, ammonia sprayers and semi-tractor trailer rigs. Any of these could cause a serious injury or loss of life. Also working with livestock such as cattle or hogs can even have its dangers. Cattle have been known to kick in a similar fashion to a horse or mule with extreme force and strength.

9. Drivers/sales workers and truck drivers:

Driving accidents account for most accidental causes of death in the United States. The death rate for these workers is approximately 24 out of every 100, 000. The high risk factor applies to drivers of hazardous waste or explosives.

10. Power Line installers and repairers:

23 people for every 100, 000 in this occupation die on the job. The hazards of this type of work include working with high voltage electricity, often at great heights as well as being physically demanding.