Directors and Officers
Cover the directors and officers of your company (past, present
and future) in their individual capacity (whilst acting for
the business) against wrongful act which includes any actual
or alleged breach of contract, duty or trust, act, error, neglect,
omission, misstatement, misleading statement, breach of warranty
of authority or any act done or wrongfully attempted. Costs
incurred in defending an allegation is payable by the policy
prior to the final resolution of the claim.
Liabilities
Can either be placed with your business insurance policy or
it can be tailored for your specific needs, such as specialist,
employment practices, broadform liabilities or higher limits
(top-up to your commercial policy). These specialist liability
requirements could be for businesses such as paint manufacturers,
warehouses and carriage of passengers for hire or reward.
Construction and Engineering
Covers Contract Works aka Contractors or Civil All Risks e.g.
damage to building or road under construction; Contractors and
Civil Liability; Plant All Risks (plant, machinery, scaffolding
etc. used in the construction) and Performance and Retention
Guarantees. These can either be taken as single policies or
as a comprehensive package, depending on your specific requirements.
Fidelity Guarantee aka Commercial Crime
Covers employee dishonesty, computer fraud (extended to include
hacking, electronic data loss and computer viruses), extortion,
contractual penalties and fraudulent transfer instructions.
Claims generally arise from creditor payments, EFT, debtors
(fraudster, rolling debtors books), petty cash abuse, international
transfers, payroll and stock theft. Policy may be extended to
include employment practices liability (CCMA type cases). This
can also be taken out in the business insurance policy, but
cover is fairly restrictive.
Body Corporate and Sectional Title Complexes
A niche product specifically written to comply with the Sectional
Title and Body Corporate Act for properties such as residential,
retirement, timeshare, office, commercial and industrial complexes.
Many additional and unique features are included at no extra
cost, such as Trustees Indemnity, Subsidence and Landslip for
bonded properties, Loss of Rent or Alternative Accommodation
until building is tenanted after a claim, Accidental Damage,
Fidelity Guarantee, Escalation of sums insured (current and
further period) and Geysers. Property Owners Liability has high
limits with a minimal premium. Optional covers include Theft
of external fixtures and fittings. Machinery Breakdown for residential
properties is included for swimming pool equipment etc. Complexes
such as Retirement Homes and Timeshare Resorts can be extended
to include furniture, electronic equipment, personal accident,
motor vehicles and loss of revenue covers.
Hospitality and Tourism
Unique insurance packages from the leaders in the hospitality
industry in South Africa. These include specialist products
for hotels and motels, conference centres, wildlife reserves,
sports and recreational centres, bed and breakfasts, lodges
and guest houses, restaurants, timeshares and resorts. A few
features automatically included in some of these products are
fatal injury to nominated employees, leakage of alcohol and
beverages and the resultant damage, deterioration of stock,
loss of revenue due to shark or game attack, full theft cover,
guest effects and vehicles and contents on their premises. Comprehensive
cover for damage to golf courses, bowling greens and the resulting
loss of green fees is also included. Some additional extensions
are EuropAssistance (24 hour medical advice and emergency evacuation
service to guests and staff) and Legal Assistance.
Jewellers Industry
A comprehensive and flexible one-stop insurance solution for
the jewellery trade, tailored to suit the needs of retailers,
wholesalers, manufacturers, diamond dealers, tender houses and
processors, watchmakers, coin dealers, watch importers and distributors,
gem setters and cutters, goldsmiths, metal refiners and processors.
Fashion and Clothing Boutique
A brand new revolutionary and innovative one-stop insurance
solution for the fashion industry. Flexible enough to be tailored
to suit the needs of client’s exact requirements, covering
ladies, gents and/or children's clothing ranges, footwear, eyewear,
bridal wear, accessories, leather apparel and accessories, luggage,
and Haute Couture studios
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