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Protect your loved ones

New Zealanders are fortunate to have ACC cover. But what most people fail to realise is that ACC won’t provide cover if you are diagnosed with a critical illness or pass away unexpectedly.

What are my options?

Self-employed people in New Zealand are required to pay an ACC levy, which entitles them to get cover from ACC should they have an accident.

If you’re self-employed or a contractor you have two options for your ACC cover, either our standard CoverPlus or CoverPlus Extra.

If you’re self-employed or a contractor you’ll automatically be placed on CoverPlus. If you’ve had an accident and can’t work, ACC will pay your compensation at up to 80% of your taxable income based on the most recently completed financial year.

CoverPlus Extra (CPX) is an optional cover product that allows you to choose how much of your income you want to be covered if you have an accident and can’t work.

What is CoverPlus Extra (CPX)?

CPX is an optional cover product that allows you to choose how much of your income you want to be covered if you have an accident and can’t work. It is especially suited to those who:

  • have fluctuating income, either yearly or seasonal as you’ll know exactly how much ACC will pay
  • want to choose how much you’re covered for
  • are newly self-employed with no earnings history and want assurances around your cover.

Will it be enough?

New Zealanders are fortunate to have ACC cover. But what most people fail to realise is that ACC won’t provide cover if you are diagnosed with a critical illness or pass away unexpectedly. In most cases, this risk can be mitigated by getting personal insurance to protect you and your loved ones.

If you are self-employed and looking to maximise your ACC cover, getting certainty around how much you will pay in levies, and protecting your family against life’s curve balls, talk to an Apex Financial Adviser today.

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