Archive for May, 2012

At last a realistic affordable Income Protection for Australia’sTruck owner drivers

Wednesday, May 2nd, 2012

Russell Snibson on the right track solving Income Protection for Australia's Truck Owner Drivers

It is no secret that the Transport Industry in Australia has not been blessed with a wide range of acceptable, cost-effective choices when it comes to insurances.

Most Australian truckies have been made aware of the horrific consequences of a disability from an accident or sickness preventing an owner driver from keeping the wheels turning. Families can be financially exposed and banks can dictate terms over debt while fire-sales ruin existing business and personal equity.

We all know that income protection is a must-have cover for your trucking business, because it generates a personal income stream to maintain family income. It also creates cash flow in the business to employ a sub-contractor to keep the truck wheels turning. The owner driver benefits, and the business stays healthy when the driver isn’t.

Truck insurance quotes from Truck Insurance Australia….click here

Workcover, if available, has let owner drivers down at times, where cover for sickness 24/7, or accidents outside work hours are not covered. Even if the event of a work accident, common accounting practices lowering taxable income for the truck driver can really hurt a Workcover claim.

At last an Insurer has properly understood the Truck and Transport Industry, and has come to the party with a clear market leader product that is thinly distributed and not widely known in the trucking industry.

Consider:

  • Weekly claim payment based on gross turnover, not taxable income. This allows a higher benefit.
  • No premium loadings for DG, interstate, or manual load.
  • No premium loadings for smokers.
  • No waiting period for 25 conditions. (eg broken wrist).
  • Day 3 cover for a hospital stay.
  • Level Premiums that do not increase every year with age.
  • Affordable realistic premiums.
  • Packaged tax deductible Life Insurance options.

For more information, please contact Russell Snibson:

Ph  0405 182 817

Email:  russell@insurance4blokes.com.au

www.insurance4blokes.com.au