While all earners in New Zealand, including the self-employed, are covered for accidents through ACC, there is a dedicated alternative available for sole traders, contractors, those in business partnerships and non-PAYE shareholder employees. CoverPlus Extra allows for flexibility and tailoring of the ACC package to suit your individual business circumstances.
There are a number of significant advantages attached to CoverPlus Extra that make it more beneficial than the default product, CoverPlus. These include not having to prove either loss or income at the time of claim, and being able to receive the full benefit even if the business continues to generate income.
Contact IronOak more information around CoverPlus Extra, additional advantages and how it might work for you in your business.
Please note, advice and assistance with ACC structuring is only provided to clients who work with IronOak for their personal or business insurance.