We wish to draw your attention to ACC CoverPlus Extra which is a flexible alternative to the standard ACC CoverPlus. Extra is available to self employed people operating as sole traders, partnerships and limited liability companies where "ND" (no deduction) salaries are determined at year end. It is not available to any employees having PAYE deducted.

 An increasing number of our clients have had difficulties when trying to prove loss of earnings to ACC when applying for earnings related compensation under the standard ACC CoverPlus policy. Often this results in little or no earnings related compensation being received. The advantages of Extra are:

  1. You negotiate the level of earnings cover, which has to be related to past earnings (subject to minimums and maximums below).
  2. You receive 100% of the agreed amount of lost earnings cover (not 80% as occurs with ACC CoverPlus).
  3. You do not have to prove loss of earnings when making a claim
  4. Your weekly payments are not reduced if your business continues to generate an income during your time off or if you return to work on a part time basis.
  5. If you are on ACC CoverPlus Extra you can be assessed on the classification unit that best describes your activity in the business, rather than having to come under the business's main classification as applies with ordinary ACC CoverPlus.

For the y/e 31 March 2013:

  • The minimum level of compensation that you can nominate is $416 (before tax) ($21,632 p.a)
  • The maximum level of compensation that you can nominate is $1750.27 (before tax) ($91,014 p.a)

We see considerable merit in switching to Extra
which can be done at any time. For the period from 1/4/2012 to date of switch you will pay the standard premium (based on your earnings for Y/e 31/3/2012). From the date of switch to 31 March 2013 you will pay the Extra premium (based on your nominated level of cover).


If you are interested in changing to ACC CoverPlus Extra, or for more information, please contact  us.