Income Protection for Miners

Compare Income Protection Quotes for Workers in the Mining Industry

Nobody likes to face uncertainty about their future, particularly when it comes to health and finances. However, the sad fact is that many of us do face uncertainty, as we never know when we might fall ill or suffer an injury, which could not only affect our health but also our finances, as it could leave us in a position where we are unable to work and earn money.

Get a preliminary quote for miners income protection insurance

Whilst none of us are immune from contracting an illness or suffering an injury that could leave us unable to work and earn money – at least for a period of time – there are some people who are at higher risk than others of this happening, namely because of the nature of their work and the dangers that they may be exposed to as a result of their work.

Miners are amongst the groups of workers who face higher risks as part of their jobs because of the dangers that they are exposed to.

Miners are amongst the groups of workers who face higher risks as part of their jobs because of the dangers that they are exposed to, which means that they are more at risk of illness or injury that could render them unable to work and therefore risk their income. Whilst the pay for mining work is high and attracts many people, the risks make it vital for workers to take steps to protect their income in the event that they do find themselves unable to work and earn a living due to illness or injury.

How Income Protection for Miners Can Help

One thing that can offer miners peace of mind and protection for themselves and their families is having some protective cover in place to help in the event of illness or injury resulting in the inability to work and earn money. It would be difficult for anyone to cope financially if they were suddenly in a position where they couldn't work and earn but for people like miners who are on a high wage and may therefore have a lifestyle to reflect that, it can be even more difficult.

Having a specialist income protection plan for miners can help to ensure that the financial impact of this situation is minimised. As a miner, having specialist miner’s income protection in place means that you would still be able to bring in a percentage of your income even if you were laid up with an illness or injury and could therefore not work or earn your wage. These insurance plans are a safeguard for those who rely on their income, enabling them to ensure that they do not have to cope with financial stresses in this situation in addition to the stress of being ill or injured and unable to work.

As a miner, having specialist miner’s income protection in place means that you would still be able to bring in a percentage of your income even if you were laid up with an illness or injury and could therefore not work or earn your wage.

It is always important to consider how you would cope with your various financial commitments in the event of being unable to work and earn an income, particularly if you have become used to a relatively high income. Without your wage coming in, even paying bills and buying food can become a challenge. With income protection for miners you can help to ensure that you still bring in a portion of your income if you are unable to work and earn your wage due to your sickness or injury, which gives you vital breathing space to get back on your feet.

What to Look for When You Compare Income Protection for Miners

the higher risks associated with being a miner equates to higher risks for a claim being made on an income protection cover.

One thing to bear in mind is that the higher risks associated with being a miner equates to higher risks for the insurance company in terms of a claim being made on cover such as income protection. This could therefore mean that the cost of cover may be significantly higher for miners than for those in low risk professions. With this in mind it is important to take the time to compare income protection for miners so that you can try and get the best deal on price without compromising on the quality or level of cover.

Some of the things you need to look for when you compare income protection for miners include:

  • The cost of the cover
    It is important that you are able to maintain the premium payments on your cover in order to ensure that the plan does not become invalid, so cost is a very important consideration for most people. Compare the cost of different plans from a range of providers but avoid compromising on the level of cover that you take simply to save a few extra dollars a month
  • The level of coverage available
    When it comes to the level of income you can cover, the policies can vary from one provider to another. For example, some will allow you to cover up to 50 percent of your income whereas others may allow you to cover a higher percentage of your income.
  • Any additional benefits
    Some income protection plans may come with additional standard or optional benefits. Make sure you compare plans to see what each one offers over and above the basic income protection cover.
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Compare income protection quotes from these direct brands

Product details Maximum cover Maximum Entry Age Cooling-off
(days)
Income Protection
Income Protection
Cover up to 85% of your income up to $10,000 per month if you can't work due to sickness or injury. Cover for over 1,000 jobs and full-time, part-time and self-employed. $10,000 60 30 Get quoteMore info
NobleOak Income Protection
NobleOak Income Protection
Receive up to 75% of your income each month to a maximum of $25,000 if you can't work due to serious illness or injury. $25,000 59 30 Get quoteMore info
Income Protection
Income Protection
Receive up to 75% of you income (up to $10,000 per month) of your income if you're unable to work due to serious illness or injury. $10,000 59 21 Get quoteMore info
Ezicover Income Protection
Ezicover Income Protection
Cover up to $12,000 income replacement when unable to work in any occupation due to sickness or injury. First month of cover is free. $12,000 60 30 Get quoteMore info
Get a preliminary quote for miners income protection insurance

Maurice Thach

Maurice is a publisher for finder.com.au. Daily research of Australia's insurance offerings allows him to breakthrough the noise of the many policies out there to uncover what can (and can't) be covered. Maurice hopes to make finding the right insurance easier for all.

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