Do you have the correct BIC Code? A BIC code (Business Industry Classification Code) is used by ACC to assist them with preparing a business’s ACC levies. To ensure you are on the correct code, search the BIC website. Click here
ACC are able to backdate incorrect codes up to 4 years if found to be inaccurate.
Have you been in business for less than three years and considering CPX (Cover plus Extra)?
You can use the replacement labour costs as a guide to how much ACC cover you may want and the new 2016/2017 guide is available here Click here
Some useful trivia stats…..
Top 5 injury sites for sheep and cattle farmers:
Ears, lower back/spine, knees, shoulders, fingers/thumbs.
The total number of days lost to injury in 2014 was 94,548, with 11,650 claims lodged resulting in a total cost to ACC of $19.4m.