Why do offshore workers need income protection?
Offshore workers cannot work from home during illness — if you cannot board the platform or vessel, your income stops. Income protection provides monthly payments of up to 70% of your income if illness or injury prevents you from working, giving you financial security during recovery.
How does income protection work for offshore workers?
Income protection pays a monthly benefit — typically 50–70% of your gross income — if you're unable to work due to illness or injury. Payments continue until you return to work, reach the policy end date, or die.
How much does income protection cost for offshore workers?
Offshore work is typically classed as Occupation Class 3 or 4 for income protection, reflecting the physical and environmental risks of the role. A healthy 35-year-old offshore worker looking for £1,500/month benefit typically pays £25–£55/month depending on the deferred period and occupation class.
Own occupation vs any occupation
Always aim for "own occupation" cover — this pays out if you cannot perform your specific job. "Any occupation" cover is much harder to claim on and is generally not recommended.
Frequently Asked Questions
Occupation class is a key pricing factor for income protection. Offshore work is typically classed as Occupation Class 3 or 4 for income protection, reflecting the physical and environmental risks of the role.
Long-term policies pay until you return to work or retire. Short-term policies (1–2 years per claim) are cheaper but provide less protection.
Yes — income protection is especially important if you're self-employed, as there is no employer sick pay to fall back on.