What is acc cover plus extra?
ACC offer a couple of insurance options for self-employed Kiwi’s, all designed to meet different personal and business needs. ACC CoverPlus Extra, is one of those insurance packages. If you don’t choose to sign up to a specific ACC package when you start a business, you’ll automatically get set up with ACC’s default insurance called CoverPlus. Most people don’t know they have a choice, so just stick with the default CoverPlus option, when there are actually better options out there for them.
ACC CoverPlus Extra (which is sometimes called CPX), gives businesses a bit of flexibility with the insurance levies they have to pay. With the default option, you get a bill and you pay it. With the CPX option, ACC will decide how risky your job is and the levies you have to pay. You can then negotiate the amount of compensation you’ll get from ACC if you have to take time off work or pass away because of an accident. This negotiation can help drive down the levies that you have to pay.
Like all ACC insurance packages, you will only receive an insurance pay out if you’ve been in an accident. If you get sick, then none of ACC’s insurance packages will cover you. Need to speak with someone then click here.
ACC CoverPlus Extra (which is sometimes called CPX), gives businesses a bit of flexibility with the insurance levies they have to pay. With the default option, you get a bill and you pay it. With the CPX option, ACC will decide how risky your job is and the levies you have to pay. You can then negotiate the amount of compensation you’ll get from ACC if you have to take time off work or pass away because of an accident. This negotiation can help drive down the levies that you have to pay.
Like all ACC insurance packages, you will only receive an insurance pay out if you’ve been in an accident. If you get sick, then none of ACC’s insurance packages will cover you. Need to speak with someone then click here.
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How Can I Pay Less & Get More?
Negotiating to pay lower levies by choosing smaller pay outs if you have an accident, might sound a bit risky to most people. But there’s a really clever way to reduce the risk and actually get better financial cover. All you need to do is sign up to private insurance, on top of your ACC CoverPlus Extra. This often works out cheaper than the default ACC option. Better yet, you’ll be covered for both accidents AND sicknesses, not just accidents alone. So you’re getting more bang for your buck and if something really bad happens to you, you can rest easy knowing your family will be well looked after. |
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What Other Benefits Are There?
Here’s where it gets even better. If you’re signed up to the standard CoverPlus insurance and you have a serious accident, you will have to wait until all your financial documents are submitted before you get a cent from ACC (and they’ll only give you 80% of last year’s earnings). If you’re signed up to ACC CoverPlus Extra insurance, you will get paid out 100% of the amount you negotiated with ACC when you set up your account, minus tax. You will also get paid as soon as your application is processed – no need to wait. Don't have time. We can call you. Click here. |