Insurance Options

Insurance Options

Bellingham Marine is proud to offer $15,000 of Basic Life Insurance and $15,000 of Accidental Dismemberment Insurance to all eligible employees at its expense. Employees may choose to elect additional Life Insurance benefits for themselves and dependents at their expense.

Bellingham Marine provides eligible employees with Long-Term Disability Insurance benefits. Employees pay the premium for this benefit on a post-tax basis, which Bellingham Marine reimburses. This benefit allows an employee to receive the maximum benefit free of income tax, should you have a claim. Full-time administrative employees are eligible on the first of the month following 6 months of service and full-time non-administrative employees are eligible on the first of the month following 5 years of service.

Personal accident insurance

Employees eligible for benefits now have the opportunity of purchasing Personal Accident Insurance through LifeSecure. This insurance provides cash benefits in the event of a qualified accident. The benefit will pay the amount that you owe as shown on the Explanation of Benefits (EOB), up to the maximum benefit amount you elect, minus the deductible* you owe for the benefit itself. Personal accident insurance will pay regardless of any other insurance you have. By pairing this coverage with your medical plan, you can extend your protection to help with those unexpected out-of-pocket costs. By selecting an annual benefit amount that matches your out-of-pocket maximum on your medical plan, you ensure that you minimize any out-of-pocket expense associated with treatment due to an accident. While your medical coverage pays benefits directly to providers, you can receive cash benefit payouts from your Personal Accident Insurance. Please note that the rates for this benefit vary by region.