What is Personal Accident Insurance?

Personal Accident Insurance provides peace of mind by protecting your flow of income if you’re unlucky enough to be injured or suffer a nasty illness.

What’s Covered with Personal Accident Insurance?

Personal Accident Insurance replaces the majoriy (ie 85%, up to $3,000) of your lost income if you suffer an injury or defined illness and cannot perform your normal work functions, for a period of up to 2 years. Rehabilitation is also generally included in the cover.

Why is Personal Accident Insurance Important for Business Owners?

Your ability to earn an income is one of your greatest assets, and an unexpected injury or very serious illness that prevented you from earning money for a significant period could seriously impact your financial future and your business.

What type of Business Owners need Personal Accident Insurance?

Personal Accident Insurance is worth considering for any self-employed individual or small business owner so that they can ensure their income is protected.  Premiums are generally tax deductible.

For example, you have a dog boarding business that depends upon you to keep running.  You slip and break an ankle, which requires you to be off your feet for up to 6 months.  In such circumstances you can receive a weekly benefit to help you cover your costs, and possibly get help to keep your business running smoothly.