ACC Cover
Plus
Cover Plus, or Cover Plus Extra?
Cover Plus – is not guaranteed, it pays only 80% of your gross income. However if you have staff out working and generating income for you while you are unable to work, ACC may not pay you.
Cover Plus Extra – will pay the agreed sum no matter what your earnings were in the previous 12 months, prior to you being unable to work. Cover Plus Extra even pays if your staff continue to work and generate an income for your business.
Our Financial Advisors will work with you to work out the best possible combination of ACC and Insurance Protection cover, and quite often we can reduce your ACC levies. We make sure you have an affordable plan, with a mix of ACC and Income Protection and still save money on your previous Cover Plus levies.
Why use our ACC advisors?
Ensure you’re not paying too much for ACC - our advisors will provide clarity and ensure you’re paying the correct amount.
Ensure you have the right combination of ACC Cover and Income Cover - our advisors personalise your plan to ensure you’re covered for what you need.
We Work for You – Our Advisors work as your advocate – actively working on your behalf with the support you need.
ACC and You
ACC provides an injury cover for everyone in New Zealand, no matter where the injury occurs. This is paid for by a combination of government funding and deductions from your income which are based on the industry you work in.
It covers you for accidents and injuries and making a claim is usually straightforward if you are employed with a regular income, and it should pay out 80% of your pre-disability income.
However, it is not always straightforward if you are a self-employed business owner?
What if you are self-employed and your income fluctuates? (the previous 12 months may not have been so good, with extra expenses and less work)
What happens if ACC decides they should not pay? They can say they believe the injury was caused thru degeneration or illness, due to your age. (Will you be covered if you have a heart attack? Can you prove it was a work-related accident? Most self-employed business owners are automatically put into ACC Cover Plus, however this may not be the ideal plan for you.