If you lose a loved one while they’re working in the fishing industry, lost wages are certainly not your first concern. You want to be there for your family and work through a very difficult emotional situation, and everything else takes a back seat. If you are thinking about the financial side, you’re likely considering things like funeral costs.
Eventually, though, you are going to realize the impact of those lost wages.
How much commercial fishermen make
This is an industry where people tend to do very well, on account of how difficult and dangerous it is. Many people earn up to $80,000 per year.
To find out how much your family has really lost, you have to consider the big picture. Your loved one likely assumed they’d still be working for decades. If they had 20 or 30 years left in the industry before retiring, you’re losing millions if they pass away too soon. You also have to consider the potential for raises, pay increases, bonuses and increased income as they gain experience.
The dangers of commercial fishing
Commercial fishing is well-known as one of the most dangerous professions in the world. If you compare fatality rates to those seen in other industries, fishermen see about 23 times the rate. It’s a very hazardous profession, even for those with experience and incredible technical skills.
As such, if you do lose a loved one, take the time to consider all of your legal options. You need to make sure that your family is fairly compensated for everything that you have lost in this tragic accident.