We don’t source candidates. What we do is act as the financial intermediary in seventy countries. We take away the employment risks while handling all the difficult administration.

INSURANCE

ONLY FOR OUR CONTRACTORS

Protecting you and your family

At Access Financial, we feel it is our responsibility to help protect you against financial risks associated with the workplace and everyday life. Through different partnerships which have been developed, we can now provide you with various types of insurance, medical cover to ensure that you and your family are protected wherever your career may take you.

Our dedicated Insurance department, the Insurance can assist you in:

  • Covering you for loss of income due to illness or injury
  • aking sure you and your family receive the best possible medical treatment worldwide, when and where you need it
  • Obtaining insurance to cover you from claims against professional negligence
  • Making provisions for you and your family in the event of death or disability
  • Covering you and your possessions while traveling

These services can be categorised into the following schemes:

  • Income Protection
  • Life Insurance
  • Professional Indemnity Insurance
  • Health Insurance
  • Travel Insurance
  • Accident Insurance

In this guide, these insurances will be detailed one by one to enable you to select the ones most suitable to your personal situation.

GLOBAL INCOME PROTECTION INSURANCE

Covering Loss Of Income

Your family depends upon your ability to generate income. The Global Income Protection Insurance is designed to protect your livelihood in the event that you suffer a long-term illness or injury that prevents you from working.

What annual salary is this based on?

If you are employed, the gross annual salary is your salary before income tax (excluding any benefits such as your car, living accommodation, bonuses or over time). If you are self-employed, the gross annual salary is the gross personal revenue from your business before tax (excluding savings and investments).

This insurance scheme is valid for self-employed and employed individuals.

  • The plan is designed for every expatriate contractor aged between 18 and 64, with full or part-time employment
  • You choose the level of cover appropriate to your current income
  • Cover can be provided in the currency of your choice
  • You will be covered for up to 75% of your salary, (subject to a maximum annual benefit of €144,000 less any other income you are entitled to receive - for example other sources from your employer, another insurance company, state allowances, etc.)
  • Flexible premium payments allow you to pay monthly, quarterly, bi-annually or yearly
  • A 30-day money back guarantee if you are not satisfied
  • If you are self-employed, benefits are based on the average of your earnings over the past 3 years

Benefit payments will be made as long as you are unable to perform your own or a similar occupation for up to a maximum period of 24 months.Thereafter, payments will continue only in the event that you are unable to return to work. Payments will cease if:

  • you are able to find a different occupation
  • if you pass away or
  • you reach the age of 65

Should the insurance company require that you undergo any medical tests, the insurance company will refund costs (up to a maximum of €520) should you decide to go ahead with the policy.

If you change your country of work or country of residence, the insurance will continue. However, premiums may be revised in the event of higher risks than previously. Benefits remain in force once you return to your home country (except in the excluded countries mentioned by the policy and unless you are an American citizen returning to the USA).

To accommodate for living expenses, benefit payments escalate by a compounded 2% each year.

Professional Indemnity Insurance: Protecting our contractors

The Professional Indemnity Insurance is an insurance to protect you against compensation sought by a client if you have made a mistake or are found to have been negligent in the services that you have provided to the client. The insurance will also cover the legal costs involved in defending your case. Almost all end clients require that contractors working on their behalf have an acceptable Professional Indemnity Insurance.

We have negotiated a new policy, available to all our contractors, in order to protect your interests and also ours, as a management company, when engaging with you. We insure you against business and personal injury, property damage and economic loss (up to an amount of €5,000,000 for any one claim) and computer virus transmission (up to €100,000).

Access Financial has a €5,000,000 worldwide (exclusive of USA/Canada) Professional Indemnity Insurance in place, which can cover all contractors of Access Financial.

Global Health Insurance: Providing approved medical cover

Contracting requires you to be protected everywhere you work and have access to medical treatment and cover. A wide range of benefits is offered by the Global Health Insurance covers we can arrange for you. You will benefit from valuable health care and be protected against the high cost of medical treatment worldwide.

With these global health insurance packages, the following benefits can be available to you:

  • Generous medical benefits (maternity, dental care, regular preventive health screening, treatment of chronic conditions).
  • You can choose the packages that you want depending on your needs
  • 24/7 emergency medical assistance anywhere in the world
  • These global health plans will take care of expensive health care costs such as hospitalisation and emergency medical evacuation if needed
  • High quality medical treatment
  • Highly competitive premiums
  • Outstanding service
  • Optional benefits are available such as dental, optical, maternity and well being covers

Travel Insurance

The Global Travel Insurance Plan provides cover for your baggage and personal effects and other travel insurance benefits during trips of up to 120 days outside your country of residence and within your country of residence, when your trip is pre-booked and involves at least two nights paid accommodation.

Available travel insurances

  • Personal accident
  • Personal liability
  • Personal baggage
  • Travel disruption
  • Travel delay & cancellation
  • Passport replacement
  • Personal money
  • Winter sports cover

Global Accident Insurance

The Global Accident plan we can arrange for you gives you worldwide financial protection in the event of a serious accident resulting in death, blindness, permanent loss of use of one or more limbs or permanent total disablement. Accidental death benefit will provide you with a cash lump sum, equal to the life insurance benefit. Accidental dismemberment benefit will be paid to help ease the financial strain of coping with the disability. The amount of the benefit paid depends upon the severity of the injury. The plan is aimed at individuals between the age of 18 and 64. You can insure up to 20 times your annual earnings at the time you make the application, subject to a maximum sum insured of €500,000.

Global Life Insurance: Providing for the worst

The Global Life Insurance scheme will help you make provisions for your family and ensure that they receive a sum of money in the event of your death, terminal illness or critical illness. This insurance is different from local income protection and offers you the possibility of being covered for every move you make, whether commuting internationally from contract to contract, travelling for business or when returning to your home country. With this insurance, you will have peace of mind wherever you are in the world.

  • Worldwide cover
  • Insure up to 5 times your gross annual salary up to a maximum of €1,200,000
  • Cover renewable every year until the age of 65
  • Benefit paid out on death resulting from illness or accident, as a cash lump sum
  • Available to employed and self-employed contractors
  • Optional accident benefit
  • In case of commissions as part of your salary, the insurance will take into account 50% of the commission earnings over the previous 12 months when we assess your pre-disability earnings
  • You choose to whom the benefit will be paid in case of death
  • There is no exclusion for recreational sports such as skiing, bungee jumping or scuba diving

To obtain a quote from the Insurance and Pension section, the following information is required from you:

  • First and last name
  • Date of birth of each person to be insured
  • Nationality
  • Name of the work country
  • Annual income ( required for loss of income cover)

For further information on any of the insurances or pensions schemes, please contact us at info@accessfinancial.com

WHICH COUNTRY INFORMATION DO YOU NEED