Why Do I Need ACC Cover Plus Extra(CPX)?
ACC Coverplus Extra
ACC CoverPlus Extra is an optional income protection insurance that offers self-employed individuals and non-PAYE shareholder-employees the ability to negotiate a pre-agreed level of compensation for loss of earnings in case of injury. CPX is particularly suitable for those with fluctuating or seasonal income, those who want to apply for more or less cover than their actual income, newly self-employed individuals, and those who want to reduce their ACC levy and obtain private insurance. CPX also has advantages over the standard CoverPlus, particularly for those with a partner or spouse, those who want to reduce their tax, and those whose business would continue generating income if they were unable to work due to injury.
Agreed Monthly Compensation
ACC CoverPlus Extra allows for an agreed monthly compensation and can potentially save you money on levies. The cover for you depends on individual circumstances, such as your income, level of risk, and other factors
Personal Loss of Income
ACC CoverPlus Extra offers other types of coverage such as income protection insurance and health insurance, which can provide additional protection for you and your family in the event of an illness or injury.
Do not have to prove loss of earnings
One of the benefits of ACC CoverPlus Extra is that you do not have to prove loss of earnings when you make a claim. Additionally, you have access to medical and work-related help as part of the policy
Clarity at claim time
Pays 100% of that agreed to cover and It does not conflict with the continued business income it also Pays 100% of the benefit as you return to work part-time
ACC Coverplus Extra at a glance
ACC CoverPlus Extra Is Available To All Self-Employed And Non-PAYE Shareholder-Employees Who Work 30 Hours Or More Per Week.
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 can negotiate your level of lost earnings cover.
You can opt for Lower Levels of Weekly Compensation (LLWC) which offers a lower levy rate because weekly compensation will reduce if your business continues to generate income during your time off work or you return to work part-time.
You don’t have to prove loss of earnings when you make a claim.
You have access to medical and work-related help as part of your ACC CoverPlus Extra policy.
With ACC CoverPlus Extra, you will receive all the normal entitlements of ACC CoverPlus. Some or all of the following benefits may be available depending on the nature of your injury and needs.
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