If you’re self-employed, getting sick or injured can have a big impact on your income. Fortunately, in New Zealand we have ACC right? While that’s true, ACC only covers a very small number of the events that are likely to cause you to be off work. So, you could be paying too much for what you do get, without getting what you need. Only 10% of builders who take time off work will be covered by ACC. That’s because most time off work is due to illnesses that are not covered by ACC. As a result, self-employed people need something more than just ACC to cover their lost income
while recovering. The good news is that you can substantially offset the cost of this extra insurance by reducing what you pay in ACC levies. The solution is to switch from the default ACC plan to something called Cover Plus Extra. There are a number of benefits to doing this, including: 1. Saving money on the levies paid for administrative (non-building) staff. 2. Agreeing a set income level on which your compensation (and levy) is based. 3. Dialling down your levy payments and using the saving to broaden the cover you have. CONTINUE >>
INSURANCE
Getting the best return from your ACC levies
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