ACC CoverPlus Extra
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Everyone who works or owns a business in New Zealand pays levies. These levies cover injuries that happen at work, at home, on the sports field, and when you’re out and about.
If you're self-employed or a contractor and can't work because of an injury, you're covered by CoverPlus. This is so you'll still get paid while you're recovering. You can choose to change to CoverPlus Extra. It gives you more control over how much of your income you want us to cover and means you can lower the levies you pay.
At Tourelle Lifebrokers we are ACC specialists and we can help make ACC easy.
How It works
If you're self-employed or a contractor you may be on CoverPlus. This means you'll be compensated at up to 80% of your taxable income based on the most recently completed financial year. ACC CoverPlus Extra is the flexible alternative to ACC CoverPlus which enables you to negotiate your level of lost earnings cover. That way you know exactly what you’ll receive if you’re injured and can’t work – and it doesn’t matter whether the injury is work related.
You receive 100% of this lost earnings cover (less tax) if you can’t work because of an injury, starting one week after your injury. This stays the same even if your business continues to generate income during your time off work or you return to work part-time.
Benefits of CoverPlus Extra
- ACC CoverPlus Extra is available to all self-employed and non-PAYE shareholder-employees who work 30 hours or more per week – and to part-timers whose earnings exceed the ACC CoverPlus Extra minimum.
- You negotiate your level of lost earnings cover. You don’t have to prove loss of earnings when you make a claim.
- You receive 100% of this lost earnings cover (less tax) if you can’t work because of an injury, starting one week after your injury. This stays the same even if your business continues to generate income during your time off work or you return to work part-time.
- You have access to medical and work-related help as part of your ACC CoverPlus Extra policy.
Choosing a level of cover
You can apply for any amount of income cover between $25,376 and $99,242. This range changes each year. CoverPlus Extra is subject to underwriting approval.
You can have control over how much you pay in levies. The lower level of cover you choose, the less you pay in levies. If your earnings vary every year, you choose a set amount of income to cover, you'll always know how much you will be paid if you have an injury and you can't work.
Request a quote
As ACC specialists, we can provide a quality and tailored service based on your needs and requirements. Our service to help assist you is free. Simply fill out your request below and we will be in contact with you as soon as possible.