ACC CoverPlus Extra (CPX)

Many self-employed people are unaware that an ACC benefit is developed exclusively for them.


As a business owner, contractor or self-employed, you’ll be paying mandatory levies for an accident only disability insurance called CoverPlus, which is designed to cover up to 80% of your last tax year income if you’re injured and unable to work.

With ACC CoverPlus Extra, you can save money on levies. In addition, it allows for flexibility and tailoring of the ACC cover to suit private insurance, covering medical or illness related issues.

ACC CoverPlus Extra Insurance

What is CoverPlus Extra (CPX)?

CPX is an optional agreed value income protection insurance that covers self-employed people and non-PAYE shareholder-employees that can negotiate a pre-agreed level of loss of earnings compensation

This way, you know exactly how much you’ll receive each week if you are injured and can’t work. However, compared to a private income protection policy, ACC is an expensive type of cover.

In addition, if you choose CoverPlus Extra, this will replace your standard CoverPlus cover.

CPX is especially suited to those who: 

  • have fluctuating income, either yearly or seasonal 
  • want to apply for more or less cover than your actual income 
  • is newly self-employed with no earnings history and wants assurances around your cover.
  • want to reduce the CoverPlus Extra levy and get private insurance
  • if your business would continue generating income if you were injured and couldn’t work
  • you might split your income with a partner or spouse or take advantage of options to reduce your tax.

CoverPlus Extra has several important advantages above the default ACC CoverPlus, which is more beneficial.

ACC Restructuring: Private Income Protection Insurance

Using ACC as the only source of income protection can be tricky.

If you are diagnosed with an illness, you will not be eligible for ACC benefits. Instead, you must rely on Work and Income (WINZ) until you can return to work.

In addition, there are specific gaps in terms of disease and degeneration, and switching to Cover Plus Extra is the first step toward filling those gaps.

Solutions for self-employed and non-PAYE shareholder employee

If you are self-employed or a non-PAYE shareholder employee, various options are available to upgrade your cover to Cover Plus Extra and save some money.

Non-PAYE Shareholders can change their ACC classification codes with ACC CoverPlus Extra (occupation codes that determine your level of risk and levies).

There are relatively few instances in which ACC CoverPlus Extra would not benefit business owners or sole traders, and it is free to set up. As a result, many New Zealanders have benefited from reclassification.

Self-employed and contractors have more options with ACC CoverPlus Extra. For instance, If you have a life insurance policy and private income protection or are applying for it, you may be able to reduce your ACC cover to lower your levies.

How to apply?

We recommend that you speak with a LifeCovered financial adviser today if you are a business owner, contractor, or self-employed person. We have helped many of our clients by self-insuring with CoverPlus Extra.

We offer a full ACC management service, including assistance with ACC applications, accident claims, setting up payment authorities, and deciphering the sometimes complex ACC invoices.


The main difference between CoverPlus and CoverPlus Extra is the amount of lost earnings compensation you receive. With CoverPlus Extra you get 100% of the amount you negotiate. Because you have agreed on your cover, you will be receiving compensation sooner.