Good accident insurance for self employed people?

[cave weta]

Help me!- I have no faith in ACC- they just turned down my mate on an accident claim for a ripped shoulder ligament in a MTB accident. He is 50, they turned him down as they said ' he was too old to be riding a mountain bike' -WTF!?

I have looked at Southern Cross but it mainly covers operations and recovery
I have Combined insurance's top level cover- it costs me $20 per week but only pays big money if you break bones- you get SFA for lost time due to other injuries
What is there out there for $20 a week that will cover me for all accidental ingury and pay me about $200 pw minimum?

[crazyhorse]

Good luck. I've had to fight ACC for my back injury when I fell down some stairs............ wasn't a pretty fight, but I won in the end!

Not sure if there is anything else just yet. I have medical insurance, but yip, would be stuffed if I was outta pocket for wages too

[Laava]

And then you still get to pay ACC levies as well! Sorry, but don't get me started!

[Ocean1]

Sorry mate, all yous filthy capitalist corperate dude's don't get payouts.

It just don't work that way.

[rainman]

What is there out there for $20 a week that will cover me for all accidental ingury and pay me about $200 pw minimum?

Put your $20 a week into a bank account, and don't get injured for a long time?

What makes you think providing cover of $200/week for when you are injured should cost $20/week when you're not?

[rainman]

Sorry mate, all yous filthy capitalist corperate dude's don't get payouts.

It just don't work that way.

Recent history would suggest otherwise...

[Quasievil]

whats the qualification criteria to pay ACC levies for a business, we got our first bill this week, fuck we both have jobs for corporates outside the home based Qmoto bus

piss me off

[Winston001]

Help me!- I have no faith in ACC- they just turned down my mate on an accident claim for a ripped shoulder ligament in a MTB accident. He is 50, they turned him down as they said ' he was too old to be riding a mountain bike' -WTF!?

There has to be another reason, his age has nothing to do with it. One of the main reasons ACC turns down claims is they say the accident damage was due to a pre-existing condition where the body was failing. In other words the damage was already happening and was not caused by the accident. It is a medical judgement - but he can argue the point if he can find another doctor with a different opinion.

I have looked at Southern Cross but it mainly covers operations and recovery
I have Combined insurance's top level cover- it costs me $20 per week but only pays big money if you break bones- you get SFA for lost time due to other injuries
What is there out there for $20 a week that will cover me for all accidental injury and pay me about $200 pw minimum?

You simply will not get comprehensive coverage for $20/wk. I'm with Southern Cross and pay $15/wk. I also have income protection insurance with AXA which pays 75% of wages after a 2 month stand down - further reduced by any ACC payments. But it is damned expensive - about $80/wk including life insurance.

Have a look around. Soverign do this cover and I'm sure there are others. If you already have life cover you could leave that out and save some dosh. Despite the cost I'm very glad to have the insurance. The 50s are the danger zone for men.

[Oscar]

Bad news - almost all Income Protection policies offset ACC.
In other words, they only pay the difference between what you get from ACC and what you're insured for (up to 75% of your income).

If you're going to buy one, get a Guaranteed / Agreed Value one.
The guarantee is that it will be renewed every year until a certain age (usually 65), and the agreed value is the sum insured (which you agree on before taking the contract).

I worked for several of the insurers in this area and also as an independent adviser to a law firm against the insurers.
My insurer recommendation would be AIA due to their policy wording and claims dept. Notwithstanding that, take lots of advice (and no just from the bloke who is selling it to you) and read what yer buying.
If you buy the wrong one, it can be an expensive mistake...

[cave weta]

Bad news - almost all Income Protection policies offset ACC.
In other words, they only pay the difference between what you get from ACC and what you're insured for (up to 75% of your income).

If you're going to buy one, get a Guaranteed / Agreed Value one.
The guarantee is that it will be renewed every year until a certain age (usually 65), and the agreed value is the sum insured (which you agree on before taking the contract).



I worked for several of the insurers in this area and also as an independent adviser to a law firm against the insurers.
My insurer recommendation would be AIA due to their policy wording and claims dept.

Wahoo!- now that is kind of reply Im looking for - thanks Oscar, bling sent