How would you and your business be affected should something happen to you, leaving you incapacitated and unable to work for weeks, or even months? State of the Nation 2021 found that 16% of businesses have only one staff member and 17% have a total of two staff. This means it is extremely important to protect yourself in case of an accident.
Before illness and accidents happen, you can take sensible steps to protect yourself financially from the expenses and inconvenience they can cause. While workers compensation covers your employees if they are injured or become sick at work, there is no such compulsory protection for business owners. A prolonged period without income could have a serious impact on your family, savings and lifestyle. This is where personal accident and illness cover comes in. It can protect you against lost income while you can’t be at work, and also help meet any medical expenses and rehabilitation bills. This allows you to concentrate on getting better without the stress of having to worry about your personal finances.
Depending on the type of policy you choose, personal accident cover may also compensate you for pain or suffering resulting from your accident, and for any inability to do things after your accident that you could do before. In the event of a serious, disabling accident, cover may extend to additional expenses such as alterations to property or vehicles and ongoing care costs.
The Personal Accident and Illness insurance product offered through Capricorn Risk Services has been developed with Capricorn Members in mind. And best of all, income protection premiums for a small-business owner are generally tax deductible.
If you don’t already have Personal Accident and Illness cover, talk to your Capricorn Risk Services Account Manager about getting a quote. You owe it to yourself.
Products sold through Capricorn Risk Services Pty Ltd (ABN 91 111 632 789) are: (i) discretionary risk protection products issued by Capricorn Mutual Ltd; and (ii) general insurance products issued by a range of insurers and brokered through Capricorn Insurance Services Pty Ltd. Before deciding to acquire any product you should consider the Product Disclosure Statement available from Capricorn Risk Services Pty Ltd to see if the product is appropriate for you. Capricorn Risk Services Pty Ltd is a Corporate Authorised Representative (No. 460893) of Capricorn Mutual Ltd (AFSL 230038) and Capricorn Insurance Services Pty Ltd (AFSL 435197).
Disclaimer New Zealand:
Products sold through Capricorn Risk Services Pty Ltd include discretionary risk protection and general insurance products. Discretionary risk protection is issued out of Australia by Capricorn Mutual Ltd. Before deciding to acquire discretionary risk protection you should consider the Product Disclosure Statement to see if it is appropriate for you. This can be obtained from Capricorn Risk Services by [insert details as to how it can be obtained such as email, phone, website]. General insurance products are issued by a range of insurers and are available through Capricorn Risk Services Pty Ltd as a member broker of PSC Connect NZ Limited. Capricorn Risk Services is a registered financial services provider (390466) and a corporate Authorised Representative (No. 460893) of Capricorn Mutual Ltd (AFSL 230038).