Personal Accident & Sickness
Personal Accident & Sickness Insurance
Income and injury protection for sole traders, contractors and business owners
If you are self-employed, a sole trader, a contractor or a company director, an unexpected injury or serious illness can immediately stop your ability to work and generate an income. Without paid sick leave or standard workers' compensation, fixed business overheads and living expenses continue regardless.
Personal Accident & Sickness Insurance provides financial support by replacing a percentage of your weekly income and offering lump sum capital benefits following an insured event. Explore related options below, or read the FAQs for how waiting periods and workers compensation compare.
Looking at wider cover for your business? See our business insurance overview.
Related Cover Options
Explore related income and accident cover
Compare personal accident and sickness with business expenses cover, then talk to a broker about what fits your situation:
Common questions
Waiting periods, workers compensation and how personal accident and sickness compares with business expenses cover.
Business Expenses Cover
Cover that can contribute to ongoing fixed business costs when illness or injury stops you working.
Personal Accident & Sickness FAQs
General advice only. It does not take into account your objectives, financial situation or needs. Read the relevant PDS and our Financial Services Guide before deciding.
Workers compensation generally covers eligible employees injured at work and is set by state and territory schemes. Sole traders, contractors and some directors may not be covered by it. Personal accident and sickness insurance is a separate policy that can pay a weekly benefit if you can’t work because of an injury or illness covered by the policy.
It’s the time between becoming unable to work and the weekly benefit starting. Longer waiting periods generally mean lower premiums, and the options depend on the insurer and your occupation.
Personal accident and sickness insurance is designed to replace part of your income. Business expenses insurance is designed to contribute to ongoing fixed business costs while you can’t work. Some owners look at both.
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