Some Occupation and Leisure activities expose the Life Assured to additional risks of accidental death, injury or development of certain diseases.
The underwriter has to determine the Hazard group which the activity or occupation falls into (Industry Class)
Occupations re classified as below;
Class 1: Financial & other services, Administration, media, Information and Communication Technology, legal, Trade, Automobile, Food and beverages, Healthcare, professionals
Class 2: Transportation, Electronic/Electrical, Hotel & hospitality, Chemical, Textile & manufacturing industries
Class 3: Oil & Gas, Mining, explosives, Construction, Forestry, Quarry, Cement industry
The underwriter will determine the additional loading based on the class or consider declining the risk.
The occupational loading is usually per mille
