What Does Own Occupation Mean in Legal Terms?
Definition & Meaning
The term "own occupation" refers to a specific provision in insurance contracts that allows policyholders to receive benefits if they are unable to work in their own occupation due to illness or injury. This provision is particularly relevant in disability insurance policies, where it provides financial support to individuals who can no longer perform the duties of their specific job, even if they are capable of working in another capacity.
Legal Use & context
The "own occupation" provision is commonly used in the context of disability insurance. It is crucial for individuals who rely on their specific skills and expertise to earn a living. This term is relevant in various legal areas, including insurance law and employment law. Users may find it helpful to utilize legal templates from US Legal Forms to create or review insurance agreements that include this provision.
Real-world examples
Here are a couple of examples of abatement:
Example 1: A surgeon who suffers a hand injury that prevents them from performing surgeries may qualify for benefits under the own occupation provision, as they cannot fulfill the specific duties of their role, even if they could work in a different capacity, such as teaching.
Example 2: A graphic designer who develops a severe vision impairment that hinders their ability to create visual content may also be eligible for benefits, as they cannot perform the essential functions of their own occupation (hypothetical example).