Online servicesTypes of cover for shareholder-employees
Workplace Cover is our standard cover for all shareholder-employees. Your non-PAYE shareholder-employees can manage their own levies by applying for CoverPlus Extra.
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Standard cover for shareholder-employees
Your business’ Workplace Cover automatically covers your shareholder-employees. They’ll get the same benefits under this cover as your regular employees.
Find out more about Workplace Cover
Let non-PAYE shareholder-employees manage their own levies
Your non-PAYE shareholder-employees can choose to apply for CoverPlus Extra. This will let them choose how much of their income they want covered if they've had an accident and can't work.
How we calculate your shareholder-employee levies
Inland Revenue provides us with a summary of your shareholder remuneration information. We use this combined with your CU (what work you do and the industry you’re in) to calculate your levy. For many shareholders we also take into account your claims history.
Working out how much you need to pay
How your claims history affects your levies
Classification Unit
A description of your business activity. This is based on your Business Industry Classification (BIC) code.
How we invoice you for shareholder-employees
When we invoice we’ll include the levies for your:
- PAYE shareholder-employees in your regular Workplace Cover invoice
- non-PAYE shareholder-employees in a separate invoice.
Deduct the Earners’ levy from your PAYE shareholder-employees’ income like you would for regular PAYE employees.
If you have any shareholder-employees on CoverPlus Extra, we'll invoice them directly for their Work and Earners' levies. We'll include their Working Safer Levy in the your invoice for non-PAYE shareholder-employees.
Let non-PAYE shareholder-employees manage their own levies
Your non-PAYE shareholder-employees can choose to apply for CoverPlus Extra. This will let them choose how much of their income they want covered if they've had an accident and can't work. If they don’t apply for CoverPlus Extra, they will be on the standard cover (CoverPlus).
Contact us
Let us know if you have any questions:
Email business@acc.co.nz
Phone 0800 222 776 (Monday to Friday 7am – 7pm)