ACC products and invoices

ACC CoverPlus Extra 

Is a product that we highly recommend.  It lets self-employed people and non-PAYE shareholder employees negotiate a pre-agreed level of lost earning compensation. This way you know exactly how much you'll receive each week if you are injured and can't work - whether the injury is work-related or not. If you choose ACC CoverPlus Extra, this will replace your standard ACC CoverPlus product.  CoverPlus Extra is paid annually and billed in advanced.

The main advantages with this policy are:

  • You have a Signed Agreement between yourself and ACC at an agreed value
  • The cover is 100% guaranteed
  • You don’t have to prove loss of earnings
  • You receive the full entitlement until ACC say you are fit to resume full time work.
  • Shareholders can be on a different (often cheaper) classification than the company.

ACC CoverPlus

This is ACC's standard personal injury cover for self-employed people. It automatically applies when you start self-employment. It includes 24-hour no-fault cover for work-related and non-work related personal injuries, including access to the full range of medical treatment and rehabilitation benefits and up to 80% compensation for lost earnings. You receive your invoice after the tax return has been filed.

If you work as a sole trader, in a partnership, or receive withholding or schedular payments, you are considered self-employed.

Workplace Shareholder-employee

A shareholder-employee is someone who owns part of a 'close' company (shareholder) and also works for the company (employee). Being employed through your own company can mean wearing more than one hat. You have responsibilities as company shareholder, as well as a business employer and an employee, all at the same time.  The company is invoiced based on the Remuneration paid to Shareholders.  This is invoiced annually in arrears once the tax return has been filed.

Workplace Cover for Employees

ACC WorkPlace Cover provides cover for employers. Under this cover a range of entitlements may be payable depending on the nature of an injury and the individual’s needs.

Employers pay at least 80% of their employees’ wages lost during the first week of a work injury, if they are off work because of it. After that, ACC pays up to 80% of their lost earnings.

Employers are encouraged to get their employees back to work as soon and as safely as possible. If the employee is injured outside of work, they are still covered by ACC – they pay for this through PAYE.  This is invoiced once the IRD have reconciled the Wages for the year.  The invoice is calculated on Actual Gross Earnings for the previous year and a provisional invoiced for the year in advance at the same time.


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