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  1. #11
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    Remembering work cover only pays the bare minimum. Award wage and nothing else. Income protection takes a month. Always some reason not to pay!

  2. #12
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    We have employees who work for us so it wouldnt be a huge deal if my dh was injured amd couldnt work, we would just hire someone else to do his job whilst he was sick/unwell.
    But if this werent the case there is no way we could survive off that alone, our mortgage repayments are about that per week and the business has loan expenses that go into the tens of thousands each month so id think we would be screwed

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    but i actually think worl cover are fairly reasonable, we have had employees injure themselves at work through their own negligence and we have had to go through work cover, makes our premium go through the roof though.


    ETA i used to work with a guy who injured himself at work very badly, he was a sub contractor and had no work cover - 30 years on and he is still limited in his working because of his injury. his wife had to return to work when theoir dd was 3 weeks old. sad story all round

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    Quote Originally Posted by missie_mack View Post
    In NSW they cover your wage. I didn't realise how much it varied from state to state

    I just had a quick look and from what I can work out we would get $1400 per a f/n with unemployment, FTB and PPP.
    You can only claim one income support payment. With kids under 6 you can claim PPP unless you qualified for Disability which is a higher amount.

    We are on Award wages in childcare and a workmate was knocked down by a kid resulting in a fractured hip and other injuries. Her car loan was paid out and she was on WorkCover at her full wage for a year, then went onto disability payment through Centrelink for 2 years until she qualified for the Aged Pension.

  5. #15
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    I am on Newstart now. It is jack all money. I don't know how on earth people survive long term on this.

  6. #16
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    I couldn't do it and we don't have any debt nor children in private school To live off $715 per fortnight we'd have to rent a 1 br unit, have no electricity and eat rice.

  7. #17
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    Definitely not and these life insurance companies and income protection companies won't cover me because I am in a too high risk job. We used to have a work life insurance and income protection but they took that off us too, makes me question whether it's worth it all really

  8. #18
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    Quote Originally Posted by missie_mack View Post
    So if my DH lost his job he would be able to claim unemployment and I would claim PPP?? That was what the figure I gave was based on.
    Either way we couldn't survive with school fees, food, utilities and the mortgage (and rent isn't much cheaper in this area)
    Oh yes, but you would not be able to claim the full amount. Rent is horrible, I would get a tiny 2brm unit for what I pay for my house.

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    Thinking about things like this freaks me out. If I couldn't work I would lose my house and all the things I want for DD and my future. Yes we would survive as we have good family support, but my mental health would probably suffer quite significantly.

  10. #20
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    DH has income protection insurance and we also both have salary continuance insurance from our super fund. I thought the super fund insurance was pretty standard? It's covers temp and perm disability and covers 70% of our salary for up to two years and then reassessed after that. I imagine the % would, understandably, go down after that time.


 

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