Services

Buildings

Common risks like fire, storm & lightning are covered by Buildings Insurance. There are however optional extensions available, and our Team will assist you to determine the correct cover needed for your specific building. We work with specialised insurers, some of whom offer a valuation of your Buildings so that average will not apply in the event of a claim.

Household Contents

Household Contents Insurance covers your personal items whilst they are in your home or on your property, or while they are temporarily at another residence, for example when you are on holiday. The most important aspect of Household Contents cover is to ensure that the sum insured of your Contents is based on the current replacement value and includes all items. This will prevent you being underinsured at the time of a claim. If you are underinsured the insurer will apply average and your claim pay-out will be lower than the amount you claimed for.

Dependant on your portfolio, we offer specialist products that include the following:

• Excess free policy if you are over the age of 55

• A valuation of your Contents which means that average will not apply in the event of a claim.

• Accidental damage & power surge up to the full sum insured

Personal All Risks

As soon as you leave your home, you must have All Risks cover for the personal items you are carrying with you or there is no cover. There are two options and, dependant on your portfolio, you may require either one or both options:

• Unspecified All Risks – Clothing and Personal Effects – this is a blanket cover and, dependant on your portfolio, cover may be restricted to a limited amount per item. Dependant on the insurers and their specific products, some items like cell phones, laptops, bicycles are not covered under this section and must be specified.

• Specified All Risks – High risk items like cell phones, laptops, bicycles and jewellery may be specifically insured dependant on the insurer and product chosen.

Motor

As soon as you leave your Motor insurance covers you for accidental damage, theft and hijack as well roadside assistance in the event of an accident / breakdown and car hire in the event of accidental damage, theft and hijack.

Dependant on your portfolio, we offer excess free motor insurance and a variety of car hire options to suit your specific needs.

Small Craft

Small Craft Insurance (boats, jetskis) covers you against loss or damage, including cover for sinking or collision as well as cover for medical expenses of passengers. Cover is extended to include the accessories on the boat, eg water skis, fish finders.

Standard Business Policy

By using a single policy with multiple different insurance classes, we are able to package a product to meet your specific needs. Cover offered includes, amongst others, the following:

• Office Contents

• Fire Cover for plant, machinery & stock

• Business Interruption (consequential loss following a claim on the policy)

• Accidental damage including power surge

• Electronic Equipment, computers, laptops

• Business All Risks, eg cell phones, tools, generators

• Motor

• Public Liability including Workaway, Defective Workmanship & Products

• SASRIA (political and non-political riot and/or strike)

Body Corporate

Body Corporate insurance is designed to assist the Trustees, Property Managers and Unit Owners to ensure that the property is correctly insured. Common property like retaining walls, boundary walls, electronic gates & motors and electric fences must be adequately insured or the Body Corporate may be exposed to significant costs in the event of a claim.

It is vital for the Body Corporates to comply with the Sectional Title Act which requires a valuation. These valuations prevent a Body Corporate from being under insured at the time of a claim and highlight the common property elements that need to be insured.

Construction and Engineering

Specialised risks like Construction and Engineering require specialist insurance over and above the Standard Business Policy. We have partnered with South Africa’s leading Construction and Engineering underwriters and offer Contract Works Insurance which covers loss of or damage to:

• the Contract works whilst in transit, in storage or on the contract site

• accidental death, bodily injury, illness or disease and or accidental loss to property arising directly out of the performance of the insured contract.

Hospitality

The Hospitality sector faces exposure to specialised risks that other businesses are not exposed to, eg injury and food poisoning. The Hospitality products we offer have been designed to cover these risk and others unique to the sector.

Marine Imports and Exports

Marine cargo Insurance is one of the oldest types of insurance and covers losses from physical damage to cargo and related liabilities.

There are various types of Cargo policies and we will assist with determining the most suitable product for your specific needs:

• Marine Cargo – Imports and Exports. This covers General Cargo usually shipped in containers. Certain products such as perishables or commodities will require specialised, specific cover. The consignment is covered from the sellers to the buyers premises including storage along the way. The cover can be taken as a once-off policy for a specific trip or an ongoing open policy where cover remain in place for all consignments and premium is calculated on an annual declaration basis.

• Inland Transit or Goods In Transit. This covers local transit of goods within the RSA and may extend to include some of our neighbouring countries where transit does not include by sea.

• Marine Advanced Loss of Profits. This covers loss of profits and increased cost of working following a claim against a Marine Cargo Policy for an event that results in loss of production, turnover or a delay in start-up due to damaged critical equipment.

• Containers, This covers the shipping containers in which the consignment covered by a Marine Cargo policy are shipped • Stock Throughput. This covers storage and local transit of stock in a more specialised way for complex transit journeys.

Medical Malpractice

Companies operating in the medical sector require Medical Malpractice Insurance due to the nature of procedures they perform and the multitude of scenarios where negligence or an accident may occur. Medical Malpractice Insurance is offered by various specialist insurers and covers the client should anything go wrong as a result of their actual or perceived negligence or malpractice.

Professional Indemnity

Professionals, specifically those providing specialist advice, must exercise a degree of care and skill which is reasonably expected of any competent practitioner in that profession. If a person provides advice or a service to another and carries that work out negligently, they could be held legally liable for the consequences thereof. Accountants, architects, engineers, and lawyers, amongst others are often exposed to litigation. Professional Indemnity Insurance covers legal costs and expenses incurred in your defence, as well as any damages or cost that may be awarded, if you are alleged to provided inadequate advice, services or designs that cause your client to lose money.

Specialised Liability

Products Liability:

• Product liability refers to situations where a customer purchases a product, and an issue with the product causes a bodily injury or property damage to a 3rd party.There are many different things that can cause a product issue, but 3 of the common reasons are design defect, manufacturing defect (eg incorrect assembly) or marketing defect (eg incorrect labelling). Any small business that produces and sells a product should have this type of insurance, including for eg Bakeries, Clothing stores, Florists, Restaurants, Gift shops, Wholesalers, Print and copy shops. Please bear in mind that if you produce a product that you sell to other business owners, you still need product liability insurance, for eg Software developers, Website creators/designers, Raw material suppliers, Equipment suppliers

Directors and Officers Liability:

• All companies should have this cover which protects you against damages for which you become legally liable to pay as a result of any act or omission of an employee acting in their capacity as Director or Officer. Legal Defence Costs are usually included.

Security Company Liability

• In the ordinary course of a security business a company could cause damage to the property of others, or even injure people, for eg dog bite. As a result, the business could become legally liable to pay damages consequent upon accidental death of or bodily injury to or illness of any person, or accidental loss of or damage to tangible property occurring within the territorial limits during the period of insurance in the course of or in connection with the business. The policy would also cover legal costs incurred in defending the matter.

Cyber Liability

• This insurance is becoming more and more important in light of the increase in hacking incidents across the world. The policy cover losses resulting from breach of data / systems including network business interruption, cyber extortion and liability arising out of data protection failures.