Heavy equipment is a vital consideration in an incredibly wide range of industries, from construction to waste recycling, and most heavy equipment requires skilled operators. As a heavy equipment operator, the chances are that you earn somewhere between $26,000 and $65,000 per year depending on your experience, specialization, training, and some other factors. Of course, that income plays a central role in your family’s financial stability – you use it to cover your mortgage, rent, loans, school tuition fees, utility bills, and funding your hobbies, among other things But what would happen if you weren’t able to work for a period of time? How bad would the fallout be? Heavy equipment operator disability insurance can mitigate that risk.
Understanding the Protection Offered by Heavy Equipment Operator Disability Insurance
Not entirely sure what heavy equipment operator disability insurance is designed to do? It’s simple – it pays for your financial obligations when you are unable to earn an income. You might assume that your health insurance will help, or that your auto insurance will pay out if you’re injured in a car accident.
The truth is that while both of these can help to pay for medical bills, treatment, physical therapy, medication, and the like, they do nothing about meeting your ongoing financial obligations if you are out of work and unable to earn an income. This is something only disability insurance can help you with. If you find yourself disabled, your insurance company will provide you with a stream of income based on your average annual salary. That money can be used for anything you need.
Disability Risk and You
Think that you’re not at risk for a disabling condition? You might be young. You could take great care of your health or be dedicated to physical fitness and following a good diet. The problem is that while those can reduce some of your risk factors, they don’t really guarantee that you’ll never be disabled. In reality, a full one-third of Americans will be disabled before they reach the age of retirement. This is mainly because disabilities usually arise not from injuries and accidents, but from health problems and conditions – diseases like cancer and arthritis are two prevalent examples.
What will you do if you find yourself with one of these conditions? Heavy equipment operator disability insurance is here to help you offset those risks.
Your Job Affects Your Rates
As a heavy equipment operator, your most valuable asset is your arms. If you injure your dominant hand, you won’t be able to keep working and producing a profit. This is a concerning fact considering more than half of the broken bones in adults in the US happen to arms. You have to be prepared and protect your income, and this can be done only through disability insurance.
Your job also carries risks other jobs may not. You’re handling tough materials all the time, which just adds to the risk of you being injured. This is not something to take lightly. Get heavy equipment operator disability insurance today and protect yourself against these risks.
Disability Insurance Can Help
You don’t have to face the risk of disability without having any help to turn to. Disability insurance can provide you with a percentage of your average monthly income if you suffer a qualifying disability. However, benefiting from this protection is not as simple as signing on the dotted line. You need to make an accurate, informed comparison of the insurers available to you, the insurance plans on offer, the coverage areas, and the charges you decide. That’s what we’re here to help with.
Short Term and Long Term Disability Insurance
When you purchase heavy equipment operator disability insurance, you have two options: short-term or long term disability insurance.
Short term disability insurance is a policy that will provide coverage if you’re unable to work for a short time, usually several months. On the other hand, long term disability insurance policies provide coverage if your disability and/or illness prevents you from working for a longer period, usually several years.
How Your Rates Are Calculated
Insurance companies group occupations into specific classes based on documented risk for a particular job. These classes look at your job hazards and the difficulty returning to work following a long or short-term disability.
Every insurance company ranks the factors to determine the cost of a policy – age, gender, income, the health of the individual, location, and specialty. These factors are analyzed carefully to determine the overall cost of occupational disability insurance. Many insurance providers offer heavy equipment operator disability insurance at different rates and under different conditions, so before you settle for a certain insurance policy, check with all insurance providers to make sure you choose the right one.
We Will Guide You
One survey has shown that 45% of people don’t know their policy’s definition of disability. More than one half of them didn’t know what percentage of their salary they would receive if they were injured, and almost two-thirds of participants had postponed buying coverage so they could further study their options.
We want to work against these statistics. Our goal is to ensure that you’re able to make an informed decision and obtain the disability insurance best suited for your needs. We will work with you to make sure you are involved in every step of the process and understand your disability insurance policy before signing your name on the dotted line.
We can make the process easier for you. We provide the ability to compare rates from top insurance companies in the United States. We can even offer guidance to help you find the right heavy equipment operator disability insurance policy for your specific needs.
Get in touch with us today by calling 1-877-221-6198, or use the form on this page to contact us.