p>ACC stands for Accident Compensation Corporation. It's a New Zealand government agency that provides compulsory insurance cover for specific personal injuries. It can help cover the cost of some of your medical and rehabilitation costs and provide weekly payments if you are injured because of an accident and can’t work as a result. You may be eligible for weekly compensation of up to 80% of your income if you are unable to work due to an injury the ACC is already covering. However, ACC generally doesn’t cover sickness or illness except in some very specific instances.</p><p>Income protection insurance, on the other hand, is a type of insurance that helps to safeguard your income if you are unable to work due to sickness or injury. Injuries that may not be covered by ACC could be covered by income protection insurance. You can use the monthly benefits you receive in any way you see fit. You can use the money to pay for the rent or mortgage, food, clothes, utilities, other essentials and things that make life fun, like subscription services or treating your family to a day out – same as you would normally spend your regular income.</p