Protect Your Business with ACC CoverPlus Extra
Whether you're self-employed or running your own business, ensuring you have the right financial protection in case of injury is crucial. In New Zealand, the standard Accident Compensation Corporation (ACC) provides basic cover, but sometimes it isn’t enough to fully support your financial needs. ACC CoverPlus Extra is designed specifically to address this gap, offering you certainty, flexibility, and peace of mind. Here, we'll explore why ACC CoverPlus Extra might be the best choice for you and your business.
What is ACC CoverPlus Extra?
ACC CoverPlus Extra is a personalised ACC insurance plan tailored for self-employed individuals and business owners. Unlike standard ACC coverage, which calculates payments based on your earnings at the time of injury, ACC CoverPlus Extra lets you set your compensation level in advance. This means if you're injured, you already know exactly how much financial support you'll receive, removing uncertainty and stress during an already challenging time.
Key Benefits of ACC CoverPlus Extra
Guaranteed Compensation and Certainty
One of the most significant advantages of ACC CoverPlus Extra is the certainty it provides. With an agreed-upon compensation amount, you'll know precisely how much you'll receive if you're unable to work due to injury. This guarantee removes any guesswork, making financial planning easier and ensuring you can comfortably meet your commitments while recovering.
Flexible Coverage to Suit Your Needs
Every business has different financial responsibilities and income levels. ACC CoverPlus Extra allows you to choose a coverage level that best matches your personal and professional financial needs. Whether your income varies or is steady, you can select an amount that genuinely reflects your financial commitments and lifestyle, providing you with tailored protection.
Potentially Lower ACC Levies
Opting for ACC CoverPlus Extra can sometimes result in lower ACC levies compared to standard ACC coverage. Because you set your cover level, if you choose a conservative but adequate coverage amount, you could pay less overall, saving your business money while still ensuring robust protection.
Easier and Faster Claims Process
A key benefit of having a pre-agreed compensation amount is the simplified claims process. Unlike standard ACC cover, which requires assessing your earnings at the time of the injury—potentially delaying your payout—ACC CoverPlus Extra offers a quicker, hassle-free experience. You'll spend less time managing paperwork and more time focusing on recovery and your business.
Who Should Consider ACC CoverPlus Extra?
While anyone self-employed or owning a business can benefit, ACC CoverPlus Extra is especially useful for:
Self-employed individuals with fluctuating or unpredictable income.
Freelancers needing predictable income protection.
Business owners seeking personalised ACC solutions tailored specifically to their financial commitments.
How to Apply for ACC CoverPlus Extra
Applying for ACC CoverPlus Extra is straightforward. Begin by contacting our expert advisers, who will help you determine the right coverage level for your specific business situation. They'll guide you through reviewing your current financial needs, income patterns, and future goals, ensuring you make informed decisions.
Final Thoughts
ACC CoverPlus Extra provides essential peace of mind for self-employed professionals and business owners across New Zealand. With guaranteed compensation, flexible coverage, potentially lower levies, and an efficient claims process, you can safeguard your financial stability against unexpected injuries. Consider ACC CoverPlus Extra today to ensure you're prepared, no matter what life throws at you.