Personal Accident & Illness Insurance
Personal accident and illness insurance is a type of cover that provides financial protection in the event that you are injured from an accident or illness. Personal accident and illness insurance gives you peace of mind 24 hours a day, seven days a week, anywhere in the world, by providing you with cover from insured events.
As a self-employed worker, there is little in the way of support for you to fall back on if you are seriously injured. Personal accident insurance offers a smart and affordable option to ensure you still receive an income if you can’t work following an accident.
- Provides lump sum for accidental death, injury or disability
- Depending on the policy you choose, you can choose to cover both personal accident and illness or just personal accident only
- Tailor a solution to your individual insurance needs
Whether you are a sole trader working alone or whether you own a business, are in a partnership, or have other staff working for you, it is important to ensure that there is adequate cover in place to protect you and, if applicable, your employees. Cover can usually be put in place without having to undertake any medical or blood tests.
Why is it important to consider personal accident and illness insurance if you are self-employed?
When you are self- employed, you are not eligible for workers compensation. Under the Australian law, you are recommended to take out cover for accident and sickness through a private insurer to provide financial compensation in the event of revenue loss while you are unable to work (business.gov.au, 2013). Remember that most injuries and accidents occur outside of work and with no appropriate cover in place, you are leaving yourself and your business at risk financially.
If you wish to apply for this product you can complete the quote request on our site and we will issue you with a comprehensive quote or if you wish to speak to someone regarding this product please call 1300 546 000
Please note that your application is subject to approval