Risk And Occupation
What Does Risk And Occupation Mean?
“Risk and occupation” refers to how occupational and other risks impact an insurance applicant’s eligibility for life and disability insurance. Individuals with higher risk levels, due to lifestyle habits like smoking or heavy drinking, or those working in hazardous professions, such as logging, may face increased challenges in securing insurance coverage.
Insuranceopedia Explains Risk And Occupation
A person’s risk and occupation can significantly affect their insurance rates. Generally, the higher the risk and the more dangerous the occupation, the higher the insurance premiums.
Some of the most hazardous professions include logging, fishing, roofing, construction, steelworking, and power line installation. Individuals in these fields may face greater challenges in obtaining life or disability insurance, as insurance companies consider them to have a higher risk of filing a claim.
