Financial Advisor Ken Holmes Knows Benefits of ACC CoverPlus
Auckland Financial Advisor Ken Holmes Knows Benefits of ACC CoverPlus
Growing up in the Hawkes Bay Tuki Tuki valley had a significant influence on Auckland financial advisor Ken Holmes.
The river flowing through the countryside crowned by big blue skies, the equinoxial westerly winds, the slamming of doors in the wind gusts, the frosts, the heat and the glasshouses. He has memories of his father working all night packing tomatoes after finishing his day job at the freezing works simply to provide for the family. These were the days before ACC – a time when families relied upon the strength and resilience of the breadwinner and a quiet hope that they would not succumb to an accident which prevented them from working.
Sir Arthur Owen Woodhouse ONZ KBE DSC was also born in Napier and was to become the architect behind New Zealand’s Accident Compensation Commission (ACC). In 1967, as a result of complaints about the inadequacy of workers’ compensation benefits, a Royal Commission chaired by Sir Owen was established to report on workers’ compensation. The report recommended a completely new ‘no-fault’ approach to compensation for personal injury including all motor vehicle injuries and all injuries to earners whether occurring at work or not. Forty years ago, on the 1st April 1974, the ACC scheme was formed.
For the self-employed ACC CoverPlus is available to provide 24-hour no-fault cover for work-related and non-work related personal injuries, including access to the full range of medical treatment and rehabilitation benefits and up to 80% compensation for lost earnings. ACC CoverPlus Extra is an optional product that lets self-employed people and non PAYE shareholder employees negotiate a pre-agreed level of lost earnings compensation. This way you know exactly how much you’ll receive each week if you are injured and can’t work – whether the injury is work-related or not.
If Ken Holmes’s father had had access to this protection when he was working long hours to provide for the family, the anxiety of knowing that should his father not be able to earn through falling to an accident would be negated. Especially if you are self-employed you should take the time to discuss with Auckland financial advisor Ken Holmes your options under ACC. Picking and packing tomatoes may be able to be done by using common sense – picking and packing the right ACC cover is best done with advice.