Income Protection for the Construction Industry

UPlus - How It Works

At Coverforce, we look after your construction income protection to give you peace of mind. We manage UPlus for you directly and will:

  • Arrange your registration as a participating employer;
  • Arrange the registration of your employees;
  • Collect, allocate and remit insurance premiums;
  • Distribute and process all the relevant documentation necessary;
  • Arranging and administering your insurance (Including but not limited to monthly premium statements, receipts for payment of premiums, distribution to you of disclosure documentation such as a PDS and a copy of the Master Policy);
  • Provide you with general advice regarding the Master Policy if requested;
  • Manage and administer applications for claims;
  • Manage and administer the ongoing claims process;
  • Process payments for claims including the management and remittance of applicable taxes and any other statutory requirements
  • Issue PAYG summaries to claimants that have received benefits directly from us;
  • Maintain and improve the technology used to administer UPlus, and
  • Provide all necessary assistance to participating employers and insured persons.

Our Trusted Underwriter – Hannover Life Re

Hannover Life Re is a specialist provider of group life and group income protection insurance to:

  • Employers
  • Superannuation funds
  • Industry funds
  • Master trusts

Hannover Life Re is the underwriter for the UPlus Policy

It has a proud history of being an industry leader in the provision of group risk insurance. As one of the longest standing group risk insurers in the Australian market, Hannover Life Re understands the value of long term partnerships, sustainability and delivering the highest level of customer satisfaction.

Financial Strength and Security

During challenging and uncertain economic times, it’s crucial your insurer has the ability to continually pay your claims. By selecting Hannover, you can rest assured that we have a long term commitment to the Australian life insurance market. We are financially strong and have the resources and capital reserves to meet present and future claims.

The life insurance business owned by Hannover has been operating in Australia since 1958. Hannover Life Re is a wholly-owned subsidiary of Hannover Re, one of the world’s leading global life reinsurance groups. Hannover Life Re and Hannover Re both enjoy a Standard and Poor’s financial strength rating of AA- (very strong). In addition, A.M Best has awarded Hannover Re with a financial strength rating of A+ (superior).

Are you looking for expert risk advice and great value cover for your business? Call 1300 503 503 to speak to a Coverforce insurance broker today.

Our Insurance Brokers service clients throughout Australia, with key offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.

Our global insurance network

Our brokers can access more than 100 insurers across the globe to find your business quality cover at the right price.

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