No matter how careful a client is, accidents and serious illnesses happen. For SME operators, being out of action for weeks—or even months—could devastate their livelihood.
Personal Accident & Illness (PA)* coverage could provide the right solution for your SME clients. Consultants, contractors, sole traders and directors may especially appreciate the security and protection provided by this product.
Let’s explore why BizCover for Brokers’ PA offering could be right for your clients.
1. No health checks
Your clients are busy. Unlike some other insurance products, a PA policy does not require a medical or health exam. You can quickly get your clients coverage with no added hassle for them (though they will need to be aware that their policy will not cover pre-existing conditions).
Examples of Clients who will love this: Time-poor Tradies and busy Consultants
2. 24/7 coverage
Some people are never truly off the clock. PA coverage extends past the typical “9 to 5” workday, protecting your clients 24 hours a day, 7 days a week, all year long. It also provides worldwide coverage, good for frequent business travelers.
Examples of Clients who will love this: Consultants and globetrotting clients
3. Adjustable low premiums
Many SMEs are all about the bottom line. PA policies typically offer lower premiums than similar life insurance or Total & Permanent Disability coverage. Premiums can also be adjusted to suit each client’s situation by selecting a longer waiting period or a shorter benefit period.
Examples of Clients who will love this: Occupations that are typically considered lower risk, such as Multimedia & Marketing, Retail, or Information Technology
4. Death & Disablement coverage
Some clients may be seeking additional coverage for serious injury or death. Optional Death and Disablement cover can be added to pay your client or their beneficiaries after their death or an injury causing permanent disability (such as loss of limb or paralysis).
Examples of Clients who will love this: Some higher risk occupations, such as Trades & Services and Manufacturing*
5. Useful extras
Are your clients looking for more? Most PA policies offer useful extras, like transport assistance, reimbursement of gym and other membership fees, and return to work assistance (such as rehabilitation and retraining).
Examples of Clients who will love this: All of them!
BizCover for Brokers’ offering
The B4B platform has great Personal Accident & Illness options from some of Australia’s leading insurers for your SME clients. With our streamlined system, it’s easy to quote and bind a policy to suit each client’s needs. You can also bind multiple products at the same time, including Public Liability and Professional Indemnity.
Our PA offering at a glance:
- Limits of up to $5,000,000
- Illness up to 65 years
- Accident up to 70 years
- Death Benefits up to $250,000
- Weekly Benefits Up to $3,500
*As with any insurance, cover is subject to the terms, conditions and exclusions contained in your policy document. The information contained on this webpage is general only and should not be relied upon as advice