Fixed Cover for Accidents Popular with Business Owners

March 2015

Forty six thousand business owners are benefiting from an ACC product called CoverPlus Extra.

ACC is encouraging people to sign up for its CoverPlus Extra product, which lets the self-employed negotiate a set amount of cover for accident compensation in advance.

The product is partly pitched at self-employed people whose real earnings were higher than what they paid tax on. This is because of a common tax practice for business owners to minimise their tax by splitting their incomes with their spouses.

http://www.acc.co.nz/for-business/shareholder-employees/cover-products-for-shareholder-employees/BUS00154