Personal Accident & Illness Insurance

What is it?

When you are running your own business, you may also have dependents such as a family needing you to bring home an income to pay the bills and keep a roof over their head. Perhaps also the business has financial commitments such as leases on equipment and other items.What would you do if you became ill or were injured, not just on the job but during leisure time? Do you have enough savings to continue to pay these on-going costs?

Why do you need it?

As a working director, Workers Compensation will not cover you, only your employees. But even if you are an employee, Workers Compensation generally only covers you for injuries sustained when attending work. Should you sustain any injury or illness that has a prolonged recovery, sick leave can easily be exhausted. Then who will pay the bills?

Including Personal Accident and Illness cover in your Insurance Programme can help minimise the impact to you and your business.

Personal Accident and Illness cover can provide you with an income while you recuperate, maintaining your lifestyle until you are ready to work again. It can continue to pay the bills for up to two years.

Personal Accident and Illness Insurance can provide you or your family with a lump sum benefit in the case of accidental death or permanent disablement. Replacing your income while you recover from an injury or illness that prevents you from carrying on your usual work is the most beneficial aspect of this cover.

What is Covered?

This type of cover can provide:

  • Benefits to the insured in the event of accidental Death or Permanent Injury (based on the compensation percentage shown on the policy schedule multiplied by the capital sum insured); and
  • Average Weekly Income Benefits to the insured for certain Accidents and/or Sickness of the nominated persons.

What can be excluded?

Generally the following exclusions will apply but can vary depending on the insurer. You should refer to the insurer’s Product Disclosure Statement for further details.

Exclusions or restrictions can apply when you reach a particular Age; have AIDS or HIV; certain diseases; any existing medical condition; being under the influence of Alcohol and drugs; certain Occupations or sports; Pregnancy; and Suicide/self injury.

What do I do now?

We can find the appropriate product to suit you whether you are an individual person or a group. Coverage can be personalised to individual requirements, providing a broad range of benefits. So, whether you're a business, sports association, small business owner, contractor, employee or volunteer, CPR Insurance Services can find the right policy for you.

An insurance broker's role is to act as your representative and work in your interests, seeking the best cover at the best price for you from market knowledge.

Call a good one. Call CPR – Experts who will save you!  

Types of Cover  

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Latest News

High Court dismisses Business Interruption Test Case

Today the High Court dismissed appeal by Insurers on the Business Interruption test case. Even the big insurers make silly mistakes! But you the policy holder may benefit if you were one of the 40% of Business Pack policy holders that added Business Interruption cover to their Business Pack. While it was never the intent of insurers to cover policyholders for the loss of income from a pandemic, the fact that insurers never factored in a risk premium for it, and the fact there is supposed to be a material or physical loss to trigger the Business Interruption section, none of that matters according to the highest Court in the land. So what was the mistake? Simply that when insurers defined what they considered to be the definition of an infectious disease, they referred to the Quarantine Act of 1908 which since was superseded by the Biodiversity Act of 2015. Because the Quarantine Act of 1908 no longer exists, apparently you cannot draw on this for a definition of an infectious disease? Not one of the insurers picked up on this! Shows how much interest we take on the business of Governments, except what is reported in the media.

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Three Years running - Insurance Brokerage of the Year 1 to 5 staff

Mandy and Robert Cooper were extremely honoured and astounded to once again win, Insurance Brokerage of the Year for 2020 from Insurance Business Australia magazine. This is the third year running.

While this year has not been the easiest of years for the business with Covid 19, the Recession, the hard market and issues at Lloyds of London, we are literally all in this together as an Insurance Industry.

CPR Insurance Services continues to make our clients the number one focus of our business while managing our relationships with Insurers, who we need more than ever in this market climate.

CPR Insurance Services are a highly ethical Brokerage with a reputation as a trusted advisor who always acts in the Client's best interests. Their experience, knowledge and expertise is amongst the highest in the industry.

CPR Insurance Services is now ten years old as a business and is proud of being an Authorised Representative of Ausure and their partnership with Steadfast, giving CPR the strength and backing to match it with any Broking firm in the Insurance Industry, but remain focussed on supporting the Small to Medium business segment.

Memberships of the National Insurance Brokers Association, Australia and New Zealand Institute of Insurance and Finance, Australian Insurance Law Association, Australian Professional Indemnity Group and the Australian Institute of Company Directors, ensures CPR Insurance Services maintains the high standard of knowledge and expertise required to be one of the best Brokerages in Australia.

CPR Insurance Services also plays a strong role in their local community supporting other Sporting Clubs and Community organisations. They also support and promote local businesses with their operation of the Kedron Brook Business Group who meet regularly and has 174 members.

We are truly honoured to receive this National award once again for the third year as a recognition of CPR Insurance Services contribution.

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