About Working Inability Insurance
Executives and Port Captains undertake years of hard work and incur considerable expense to obtain a merchant marine licence. However, a career and income are at risk if they are prevented from carrying out their duties because of a serious injury or deterioration in health.
Working Inability insurance provides financial help for all executives,port captains including shipowners to help them prepare for an alternative career should their sea career be brought to an abrupt end. Our policy is available on an individual basis if coverage is not provided by your Health Scheme. You can buy our cover as an additional ‘top up’ to an existing group policy's coverage.
Working Inability insurance is designed specifically for all shipping executives and thus overcomes many of the limitations encountered with more traditional group insurance products, such as permanent health and critical illness insurance, which may offer only restricted cover and reduced benefits.
Who we can insure
The policy is available for all shipping executives who are currently working.
- Lump sum payment
- Monthly temporary benefit option
- Continuous coverage
- Full psychological illness cover
- Market leading cover for alcohol and drug related illness
- PROPOSAL FORM