What happens to your workshop if you’re ill or injured?

You insure your buildings, plant and equipment, but what about your business's most important asset-you?

Accidents happen. If you get injured or ill and you’re unable to work, will your workshop keep running efficiently in your absence? Or will you be forced to shut the doors, with the resulting loss of income?

You can take sensible steps now to protect yourself financially from the expense and inconvenience of illness or injury.

What is Personal Accident and Illness Protection?

While workers’ compensation covers your employees if they are injured or become sick at work, there is no such compulsory protection for business owners.

Personal Accident and Illness Insurance fills that gap, ensuring a prolonged period without income doesn’t seriously impact your family, savings and lifestyle.

• It generally covers capital benefits and the loss of weekly income as a result of accident or illness.

• It may provide a lump-sum benefit amount if you are permanently disabled.

• There are often broad benefit period options from 12 to 24 months of cover.

• In certain circumstances it may protect employees where Workers’ Compensation Insurance and Compulsory Third Party Insurance do not provide cover.

• You are able to nominate the level of weekly gross wage or salary you want protected, to ensure you receive the level of income you need while ill or injured.

• It may also include additional benefits to cover rehabilitation and activities outside of work hours.

Tailor your Personal Accident and Illness Protection

You can personalise your cover to ensure it meets your precise needs! Choose:

• Cover for an agreed weekly amount

• 24 hour or outside of working hours cover

• Benefit periods from 12 to 24 months

• The amount of excess paid before a claim is paid.