Commercial Insurance.
“When something is important
enough, you do it even if the
odds are not in your favour.”
– Elon Musk
BUSINESS INSURANCE
We know how important it is to make sure your business is covered, it doesn’t matter how big or small your business is or the type of industry you operate in – we will accommodate your business’ specific needs.
We often deal with businesses in the following industries:
- Professional (Accountants, Lawyers, Auditors, Consulting Engineers etc.)
- Medical (Doctors, Dentists, Veterinary surgeons etc.)
- Engineering
- Agriculture
- Hospitality Industry (Bed and Breakfast, Guesthouses)
- Heavy Commercial
- General (Florists, Hairdressing and Beauty Salons, Book shops, Stationery shops, Retailers, Coffee shops, Electrician, Plumbers, Driving Schools etc.)
- Office (Travel agents, Estate agents etc.) …and many more!
COMMERCIAL VEHICLE INSURANCE
In addition to the standard commercial motor cover, the product range extends to: Excess reducer; Theft/hijacking excess reducer; Credit shortfall; Extended wreckage removal; Extended territorial limits; Cross border towing, and Loss of use.
Own Damage
Own Damage Insurance is cover for your own truck and trailer. This coverage is for repair or replacement for damage resulting from things such as collision, fire, theft, hail, windstorm, earthquake, flood, etc to your own vehicles. This coverage may be required by the financial institution if the vehicle/s is under an HP agreement.
Theft/Hijack Cover
Theft or Hijack cover is cover for your truck and trailer in the event of theft or hijacking of the entire heavy commercial vehicle or trailer and parts from the vehicle and trailer, like tyres etc.
Motor Third Party
Liability Motor Third Party Liability insurance covers material and non-material damages caused to third parties. When your vehicle causes an accident you will be held liable for any third party damages.
Third Party, Fire and Theft cover will only cover you against Third partly liability, Fire and Theft or Hijack situations and does not include own damage cover.
GIT (Goods In Transit) Insurance
Goods in transit insurance cover property against loss or damage while it is in transit from one place to another or being stored during a journey. Goods in Transit insurance also protects the Transport operator for his responsibility in the event of damaged or lost freight. You can take GIT insurance out for goods being distributed in your own vehicle or by a third-party carrier.
Your Goods in Transit or GIT Insurance policy will protect you from:
- Theft (while in transit)
- Loss (while in transit)
- Damage caused by accidents during transit
- Damage caused during transit
MARINE (COMMERCIAL) INSURANCE
Our wide range of insurance products are classified under:
- Marine Cargo
- Goods in Transit
- Commercial Hull
- Marine Liabilities
- Commercial Fishing Vessels
PERSONAL PLEASURE CRAFT
We also offer comprehensive insurance for most types of watercraft as well as the accessories that are normally sold with it.
- Small boats
- Yachts
- Jetski’s
- Safety equipment (eg. life jackets)
- Fishfinders etc
CONTRACTORS ALL RISK INSURANCE
Contractors All Risk (CAR) Insurance is a non-standard insurance policy that provides coverage for property damage and third-party injury or damage claims, the two primary types of risks on construction projects.
Contractors All Risk Insurance covers all kinds of building and civil engineering construction from residential (housing) to commercial (shopping centers and office blocks) to infrastructure (roads, bridges, dams, water and sewage reticulation pipelines) etc. and indemnifies the insured against the hazards which can threaten works under construction.
We also offer:
- Event Liability
- Body Corporate Insurance
CYBER CRIME INSURANCE
Cyber Crime Insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional commercial general liability policies or at least are not specifically defined in traditional insurance products. Coverage provided by Cyber Crime Insurance policies may include first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data, or defamation; and other benefits including regular security-audit, post-incident public relations and investigative expenses, and criminal reward funds.
Phishing is one of the major risks for people and businesses alike, with increasingly sophisticated tactics being employed to fraudulently obtain sensitive information like usernames, passwords and Mastercard details.
Breaches may also result from negligence, either by a corporation or its third parties, and from rogue employees who are looking to achieve financially or to wreck a corporation and disrupt its operations.
Insured Events May Include
- Computer Fraud – Computer Fraud (including Phishing), Electronic Data Loss and Computer Virus
- Extortion – Loss sustained due to Extortion (where hackers hold your data, website, computer systems, or any other sensitive information hostage until you meet their demands for payment.)
- Contractual Penalties – Loss sustained on account of liability for Contractual Penalties
- Fraudulent Transfer Instructions – Loss due to Fraudulent Transfer Instructions in the business.
DIRECTORS & OFFICERS LIABILITY INSURANCE
Directors and Officers (D&O) liability Insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company.
D&O is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for
losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts
in their capacity as directors and officers. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously. Intentional illegal acts, however, are typically not covered under D&O policies.
PROFESSIONAL INDEMNITY INSURANCE
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O).
In South Africa, professional liability insurance (PLI) often referred to as professional indemnity insurance (PII) is an essential safeguard for professionals/ businesses offering advice and services. This specialized insurance shields individuals and companies from the financial burden of defending against client negligence claims and covering any resulting damages. Unlike general liability insurance, which covers direct forms of harm, PLI addresses specific issues such as alleged performance failures, financial losses caused by, and errors or omissions in the services or products provided by the policyholder. The nature and name of this insurance can vary significantly across professions, particularly in fields like medicine and law. Moreover, it is frequently mandated by contracts with businesses that rely on the expertise and services of these professionals, ensuring a comprehensive layer of protection and peace of mind.
Coverage sometimes provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not enumerated in the policy, but which may be subject to other forms of insurance. Professional liability insurance is required by law in some areas for certain kinds of professional practice.
AGRICULTURE INSURANCE
Agriculture insurance not only protects your crops, but also protects you from exposure to liabilities on your farms as a result of damage to your properties, spread of fire, death or injuries, product liability and crop insurance we understand the challenges, and risks that go along with protecting your crops and assets. We know that heavy rain, hail and drought can have a catastrophic impact on your bottom line which is why we want to help you create a sustainable business.
Specialist solutions:
Ranging from pivot irrigation systems to livestock, our specialist products have been designed to suit your needs.
Value-added benefits:
We also offer you you added benefits when insuring your assets, such as access to emergency medical assistance and funeral cover for yourself and your farm workers.
Game risk:
We also provide all risk cover as well as limited cover for game. Cover available includes chemical immobilization, capture costs following outbreak/ escape, fatal injury extension, and veterinarian costs (pre-loss cost).
Dairy farming:
We provide comprehensive cover to the farmer looking to protect his or her dairy farming enterprise. Cover includes protection against business interruption and deterioration of stock as well as cover which protects dairy producers against illnesses, theft and infertility of their livestock. simultaneously. Intentional illegal acts, however, are typically not covered under D&O policies.