Knowlegable insurance people...

[Ja5on]

Hows does your occupation affect your premium?? I understand the risk exposure element cos when I work in a bar my premium. I assume due to risk of car parked around drunks etc.

Put from the point of view of eg Off Shore work where you many be working for an agency and not directly employed by a company how does it all get worked out?? Im in a situation just now where I have two jobs of which I do one or the other and Im at a bit of a loss of what to do about stating my occupation.

Cheers

 

[kully]

plus the fact you work with alcohol and the late hours of working will put you into a higher catergory too .

 

[Ja5on]

exactly, so i understand how bein a bar man affects ur insurance. But not sure how working offshore does!?

 

[kully]

i'd state you are the off shore worker , main things that affects you is the car and where you live tbh

 

[Scaggeh]

The reasoning as it was explained to me is that working offshore can mean the car standing for long periods in a compound or something similar where the risk element is higher than it would be sitting on your driveway.

 

[sunshinemark]

Also it depends on how many people of a certain occupation have made a claim. i.e. if a larger amount of people who work in a bank have claimed compared to people who work as insurance staff, then the occupation would be higher rated, risk wise, for a bank worker as statistically they have had more claims. each underwriter or broker will have their own statistics so some companies may be better on certain occupations than others

this means if you declare your occuaption as something quite general, say factory worker you may have a higher occupation loading than if you say you are production line worker.

occupations involving alchol are always going to be a higher risk as stated above, even if you don't work with alcohol. e.g. if you work as a porter in a hotel with a licenced bar.

in my opinion its always best to describ your occupation as accurately and honestly as possible, cos if you do have a claim it'll give your insurer a really easy way of not paying out. no one likes to shoot themselves in the foot.