NEWS
ACC Cover Plus Extra
| ACC CoverPlus Extra | ACC CoverPlus and ACC WorkPlace Cover | |
• Pays 100% of agreed amount (less tax) |
• Pays up to 80% of previous year | |
• You receive 100% of agreed value even if your business continues to generate income or you return to work part-time |
• Payments are reduced if your business continues to generate income of you return to work part-time | |
| • You do not have to prove loss of earnings | • You must prove loss of earnings | |
• Levies are calculated using your agreed amount of cover |
• Levies are calculated using last year’s liable earnings, this could mean that if the previous year was a bad year, your payments could be lower you would have liked |
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• Your pre-agreed payments start once claim has been accepted |
• The level of lost earnings cover is determined after you make a claim based on previous proven earnings |
If you would like to go on to CoverPlus Extra, please contact your client manager.
Disclaimer
This information is intended to provide general advice only. We recommend you discuss your specific situation with your Accountant.
