Your team's safety net. Your business's financial shield.
Imagine working on a job site or travelling between clients, when an unexpected accident sidelines you for months. Without insurance, your active income can drop to zero, whilst your mortgage, household bills, and business overheads continue piling up.
This is why it’s essential to protect your working income against a sudden injury or illness.
Personal accident insurance is an insurance policy designed to pay a continuous weekly benefit if an injury or illness leaves you temporarily unable to work. Unlike employees covered by compulsory schemes, self-employed business owners are often left exposed if an injury occurs. Therefore it is essential for sole traders, self-employed contractors, and small to medium enterprise (SMEs) owners who cannot rely on traditional workers' compensation if they get hurt on or off the job.
At CIG, we do the heavy lifting for you and find a personal accident insurance policy that steps in with reliable income replacement. We don’t let a physical setback turn into a financial crisis.
Personal accident insurance protects your income by replacing the majority of your weekly earnings if a sudden injury leaves you unable to work. It provides crucial financial support for sole traders, contractors, and business owners without workers' compensation, offering 24/7 coverage at work, home, or while travelling. Most insurers allow you to cover up to 85% of your regular pre-tax earnings.
The coverage centres on three primary payout structures:
One unexpected accident shouldn't threaten your financial position. Get comprehensive income replacement coverage that safeguards your livelihood every step of the way. Partner with CIG’s Sydney insurance brokers to lock into the right protection today.
If your business relies on your personal ability to work, the short answer is yes. Personal accident insurance isn't just for heavy manual labourers. If an unexpected injury or illness would freeze your income, you will likely need coverage. There are tailored policy options for sole traders and business owners across every industry. See below to check if your business fits.
Self-employed carers and allied health sole traders who need continuous income protection while supporting clients.
From home-based family daycares to full-service facilities, an active day on your feet carries daily injury risks.
Sole practitioners and boutique firm directors who require robust personal cover alongside their professional indemnity setup.
Freelance developers, network engineers, and tech consultants working without corporate sick leave benefits.
Fitness professionals and adventure facilitators facing high physical demands every single day.
Mobile contractors, couriers, and trade business owners who spend their working hours on the road.
Personal accident insurance shields your personal income against sudden injury or illness, but it does not cover business debts, elective procedures, or statutory workers' compensation claims.
At CIG, we can help you understand exactly how coverage breaks down.
| What Is Covered | What Is Not Covered |
|---|---|
| Weekly Income Replacement: A core weekly benefit to maintain continuous cash flow during temporary recovery. | Business Debts: Personal accident insurance shields your personal income, not your business debts. |
| Optional Sick Pay: Expands your policy to cover time off work caused by serious illness, not just physical accidents. | Elective Procedures: Time off work for elective procedures is not covered. |
| One-Off Cash Payouts: A single, large payout if an accident results in a permanent disability or loss of life. | Statutory Workers’ Compensation Claims: These fall under the employer’s workers’ compensation scheme, not this policy. |
| 24/7 Cover: Most insurers allow you to cover up to 85% of your regular pre-tax earnings, at work, at home, or while travelling. |
As a general rule, sole traders can't claim workers' compensation for themselves. That's the gap personal accident insurance fills.
| Workers’ Compensation | Personal Accident Insurance | |
|---|---|---|
| Who does it cover? | Employees only | Self employed, sole trader or anyone |
| When does it apply? | Work related injuries and illness only | 24/7 cover; Including weekends, home and sport |
| Compulsory or option | Compulsory for employers in every state | Optional |
| Who pays the benefit? | The employer’s state-based scheme or insurer | Your own insurer, direct to you |
Because every sole trader, contractor and business owner works in different environments and has unique financial needs, there is no universal price tag for personal accident insurance. Premiums are calculated based on your specific risk profile and policy preferences, meaning costs vary from one person to another.
Instead of relying on generic estimates, at CIG we assist with determining and evaluating the most optimal premium for your situation. Below are key factors we take into consideration.
To gauge an accurate price of what you may anticipate paying for personal accident insurance, contact our Sydney team specialists for a tailored quote.
Trades that are high-risk (such as construction, scaffolding, or heavy machinery operation) incur higher premiums than lower-risk roles like office positions.
Your age or age of who you're covering plays a key role in rating policy risk, as statistical recovery times and health exposures shift over time.
The total amount of income replacement you choose to insure each week directly influences policy pricing.
Selecting a shorter waiting period increases policy costs compared to choosing a longer wait time.
Choosing a longer payout duration (such as 2 or 5 years) will result in a higher premium than a standard 1-year benefit period.
Expanding your coverage beyond physical injuries to include time off work caused by serious illness increases overall policy cost.
Navigating income protection options shouldn't be complicated. We do the heavy lifting to structure a personal accident policy that protects your earning capacity without hidden surprises.
We start by listening. Whether you're on tools at a job site daily or consulting from a home office, we map out how you earn your income, the physical demands of your daily work, and where potential injury risks hide.
We put your risk profile to the market and compare personal accident insurance options from Australia's leading insurers, laying out your coverage options and costs clearly.
Many insurance services leave gaps. We calibrate your weekly benefit, waiting period, and policy conditions to match your actual financial obligations, so you're never overpaying or undercovered.
Unlike traditional brokers, we don't disappear once the policy is placed. When an unexpected injury or illness strikes, we advocate for you through the claim, and as your business grows, we adjust your protection to keep pace.
Ready to get started? Get in touch with a CIG broker today.
Choosing a broker is really choosing who's in your corner when something goes wrong. That’s why Australian businesses rely on CIG as their insurance brokers of choice.
Two decades of insurance experience means we've seen the claims that catch businesses out.
We provide personalised advice designed around your occupation, income and cover needs.
We're not tied to one provider. We source and compare policies across the market to find the right fit at the right price.
When an unexpected injury or illness strikes, we don't hand you a phone number. We actively manage the claim and advocate for your best outcome.
No call centres, no cookie cutter policies. As Sydney based insurance brokers serving businesses across Australia, we deliver expert advice and tailor every policy to the way your business actually operates.
You’ve got questions about protecting your business. We have the expert answers.
Personal accident insurance replaces your income with a weekly benefit if an unexpected injury or illness stops you from working. It provides vital 24/7 financial protection for those who aren't covered by workers' compensation, including lump-sum payouts for permanent disability or accidental death. At CIG, our brokers manage your claim so you can focus on getting back to work.
In most Australian states, sole traders and self-employed contractors cannot cover themselves under Workers' Compensation (WorkCover). This leaves your income entirely unprotected if you get injured on or off the job site. Personal accident insurance fills this gap.
You are legally required to hold WorkCover for eligible employees, but WorkCover typically provides little to zero cover for you as the owner or partner. To protect your personal earning capacity, you need private personal accident insurance.
If your relative held a personal accident policy with an accidental death benefit, their dependents or estate may be entitled to a lump-sum payout. Please contact CIG directly when you are ready. Our dedicated claims broker will handle all communication with the insurer and guide your family through every step of the claim with care.
Anyone injured in a motor vehicle accident in NSW (including drivers, passengers, pedestrians, cyclists, and motorcyclists) can make a CTP personal injury claim for lost wages and medical costs.
CIG is part of the Steadfast Network, which means clients get access to broader policy wordings and products you won’t find on retail comparison sites. More importantly, we back clients not just at policy setup but through claims, renewals, and those moments where you need to focus on growing your business. Whether you require a detailed assessment of your current cover or clear, informed guidance on your insurance needs, our team is ready to support you.
Lock in your income before an unexpected injury knocks you off your feet.
CIG understands you work hard for your money. If you're a sole trader, contractor, or business owner, you don't get paid when you don't work. Personal Accident Insurance acts as your financial backup plan, replacing your regular earnings so your personal bills stay paid while you recover.
Protect yourself and your business today with tailored protection by speaking to an experienced CIG insurance broker today.
