Vlad Ivanov AFA

Vlad Ivanov, is an Authorised Financial Adviser (AFA),(FSP 104391) from Auckland, New Zealand. He represents a team of highly skilled individuals with knowledge in IT & Communication. This mix allows the team to provide clients with great customer experience. accpayless.co.nz is the team project  where each individual applied their skills and knowledge aiming to design the website for self-employed people in New Zealand like hairdressers, plumbers, electricians, real estate sales people and rocket scientists. accpayless.co.nz  helps entrepreneurs to pay less for ACC levies  in exchange for private insurance.

Vlad Ivanov AFA Auckland New Zealand helps business owners

Vlad Ivanov's - Financial Adviser photoThe story behind this project is based on our day-to-day job – in our office where Vlad Ivanov provides financial advice in relation to personal and business insurance.

In New Zealand self-employed people have ability to manage their ACC levies and by using ACC discounts and premium products save significant amount of money for private financial protection.

Auckland as you know the busiest city in New Zealand, every day a someone would have suffered an accident or even died – behind all of those horrible personal stories – ACC. New Zealand is a blessed country in many ways and one of them is that this country has ACC.

ACC has started to be as we know it today from April 1974 under the administration of the newly established Accident Compensation Commission (ACC). The Accident Compensation Act 1972, and the 1973 Amendment to that Act, defined ACC’s operation, since then ACC had many changes.

Under the Accident Insurance Amendment Act and Accident Insurance (Transitional Provisions) Act passed in April 2000, the provision of workplace accident insurance returned to ACC. From 1 July 2000 ACC was again the sole provider of accident insurance for all work and non-work injuries for all New Zealanders. Private insurers could not provide insurance to employers after 30 June 2000, but they do continue to manage claims for injuries suffered between 1 July 1999 and 1 July 2000.

In May 2005 the Act was further amended and  from 1 July that Kiwis were provided with even better definitions:

  • replacing ‘medical misadventure’ with the term ‘treatment injury’, meaning ACC (or the client) no longer had to prove that a health professional had made an error, only that they had been injured during the course of treatment. The change meant ACC no longer had to find fault, which made it consistent with the no-fault nature of the scheme. I think this is why an individual cannot sue a medical institution or a medical professional.
  • allowing newly self-employed people, or shareholder-employees, to use their wages or salary paid (ie employee earnings) during the 52 weeks before they were injured when calculating weekly compensation levels
  • allowing ACC cover to clients who have a mental injury arising from sexual abuse that occurred before 1974. The changes also opened up cover and entitlements to people who were first treated for mental injury as a result of sexual abuse from 1 July 1992 to 30 June 1999. During this time, the Accident Rehabilitation and Compensation Insurance Act 1992 was in force that excluded these people from cover, and from taking civil action
  • not requiring ACC to backdate entitlements when they restart after a period of non-compliance by a client. ‘Non-compliance’ means a client unreasonably refuses or unreasonably fails to comply with requirements of the Act, to undergo treatment, or to comply with an individual rehabilitation plan

ACC help Kiwis with:

  • hospital and medical expenses
  • rehabilitation costs
  • associated transport costs
  • earnings-related compensation (payable from the seventh day after the accident at a rate of 80 percent of average weekly earnings before the accident)
  • lump sum payments for permanent loss or impairment
  • lump sum payments (up to a maximum of $10,000) for pain and mental suffering
  • funeral costs and lump sum payments to surviving spouses and children in cases of accidental death.

From year 2000 majority of New Zealand accountants have stopped to provided their clients with ACC levies advice. We can argue that this happened due to the fact that from that point ACC has started to work directly with public of New Zealand.

We look into options of using ACC legitimate discounts for our business clients as well as we implement “ACC Cover Plus Xtra” for self-employed and for shareholders.

How Vlad Ivanov helps business owner?

We believe that it is beneficial for our clients to see ACC as a part of risk management solution and by using great products ACC provides New Zealanders with – we can save money for our clients and implement better risk management plans, which would provide cover from accidents and from illness or major medical conditions.

Let’s look at two small examples:

Builder, lives in Auckland, with two kids & the partner happily married- suffers an injury at work – ACC would provide the family with benefit (80% taxable income- in most cases the actual and taxable income – two different things). The money ACC is going to pay “One week in arrears”.

Same example as above;  – our Auckland builder- suffers heart attack or stroke or even be diagnosed with cancer – ACC pays “nothing”, nada, zero (!) and this is why you as our client should implement ACC CoverPlus Extra. ACC should be a part of  full risk management plan, which is implemented & monitored by a professional adviser.

Full and comprehensive risk plan should include advice on  “Life Insurance”, “Income Protection”, “Total & Permanent Disability”, “Trauma Insurance”, “Home Insurance”, “House Contents Insurance” as well as “Health Insurance”.

For business clients it should include policies like – “Material Damage”, “Public Liability”, “Business Interruption”, “Buy& Sell” agreements for shareholders and “group plans” which can provide you the business owner with better “staff retention” and cover for “pre-existing conditions” for you and the people in your business.

If you are an “electrician”, “plumber”, “hairdresser”, “builder” – please get in touch with us to secure your financial future. We use different insurance companies to construct your insurance portfolio which is based on your circumstances, health, age and family situation. Please read on “case studies” to get an idea of what we mean when we say that your portfolio is specifically created for you.

This is how work:
1) Initial phone call or a meeting or even a “skype” discussion to establish your “ situation today”
2) We obtain your permission to get in touch with ACC to find out what ACC knows about you- your industry codes ( occupation).
3) We work on your plan with at least two options of recommendations which normally can be based on “the cheapest risk plan” or “the best best risk plan”
4) Regular reviews – we think people appreciate good service and we help our clients to monitor their ACC levies as well as all other parts of risk plans . In our team we know everything changes – weight can change, marital status can change, habits, life style and most importantly health.
If you think you would appreciate a sound expert advice and prospective of  maintaining on-going relationship do not hesitate call 0800 300 575 now.

Companies Vlad Ivanov accredited with – AMP, Asteron, Fidelity Life, AMP General, Vero, NIB, Southern Cross, ASB, AMP Home Loans (Kiwibank).
Please ask for Vlad Ivanov’  current “Disclosure Statement”. Also please look through references- our existing clients have provided Vlad Ivanov.

Information for this page was taken from:

History of ACC

ACC Cover Plus xtra

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