The average builder thinks their legs would be worth £1,185,000 for being crucial tools of their trade. Engineers and lawyers are even more precious about their limbs, putting their worth at £1.2 million. Telecoms workers value their legs more highly still at £1.9 million.
£1,140,000 is what doctors and nurses would ask for and the average shop worker, traditionally on their feet a lot, valued their legs at £1,045,000.
The research, conducted by family focussed insurance brand There®, asked 2,000 professionals across 20 different industries to put an insurance value on different body parts to highlight their impact on earning potential. In East Anglia eyes were the most valued, followed by face, hands then legs.
Engineers top the tables with an insurance value on their eyes of £3.4 million, followed by plumbers and electricians at £3.1 million and telecoms workers at £2.6 million.
Plumbers and electricians also put one of the highest price tags on their hands at £2.2 million, with their index finger alone being worth £1,196,107 in compensation.
Philippa McLaglen, Marketing Manager from There® explains: “Taylor Swift insuring her legs isn’t as mad as it sounds; they’re part of the ‘Taylor Swift’ brand and so affect her earning power. Similarly damage to a builder’s leg or an engineer’s eye would have a big impact on their earning potential. Being fit and healthy is crucial to an individual’s ability to do their job which is why, despite so many other financial pressures, one in four in our study has considered insuring themselves against being unable to work due to injury. With financial protection, anything is better than nothing if you get injured and can’t do your job.”
In fact 75% of designers said they wouldn’t be able to do their job if they injured their hands or arms, making the £1.4 million insurance price tag they’d place on them understandable. Seventy seven percent of the hospitality industry also admitted they couldn’t do their jobs if they injured their hands.
The research also showed a difference between self-employed and employed workers. Self-employed people valued their bodies even more highly. This is reflected in the fact the self-employed are more likely to think insurance against injury is a sensible precaution (57% vs. 45%) and that 64% of them feel more pressure to take care of their physical well-being because they are self-employed.
Philippa McLaglen, Marketing Manager of There® continues: “The self-employed are especially at risk and feel the pinch more than those who have the safety net of an employer that provides sick pay. Our Too ill to work insurance is designed to pay out if someone does injure themselves, like breaking an arm or leg, and can’t do their job for a while.”
Source: The research was conducted by OnePoll on behalf of There® surveying 2,000 UK workers across 20 industries. Carried out online August 2015.
For more information please contact Susannah Morgan or David Brewer at Energy PR [email protected] or +44 (0)1993 823011
*****
There®
There is an exciting online consumer brand aimed at families and launched by Reliance Mutual. Its Too ill to work cover and Life cover, or a combination of both, provide families with flexible, affordable financial protection to help protect the life their family values.
The brand is the result of extensive research into what families want and need and the barriers that have historically deterred them from adequately protecting their way of life.
Reliance Mutual
Reliance Mutual Insurance Society Limited is a long established life insurance and pensions provider based in Royal Tunbridge Wells. It is a Mutual organisation, without shareholders to satisfy, and Reliance has been serving its members for over 100 years.
Reliance Mutual has an ethos of listening to what customers want and in 2012 invited policyholders to vote on the future of the society – the first time a mutual insurer had formally asked this question. The Board received an overwhelming vote of support on how the business is run and the future entitlement of policyholders.
In launching There, Reliance Mutual is continuing this tradition of listening to what people want, by supplying them with products and services that are innovative and genuinely useful.
There® is a trading name of Reliance Mutual Insurance Society Limited. The Reliance Mutual Group includes: Reliance Mutual Insurance Society Limited Registered No. 491580, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority; Reliance Unit Managers Limited - Registered No. 724451, authorised and regulated by the Financial Conduct Authority and Reliance Administration Services Limited Registered No. 3710407, authorised and regulated by the Financial Conduct Authority. All are registered in England at Reliance House, 6 Vale Avenue, Tunbridge Wells, Kent TN1 1RG.