Commercial Insurance

FIRE & ALLIED PERILS - Buildings, contents, machinery and stock-in-trade.

• Insured buildings will have automatic geyser cover included.

• Sprinkler Leakage cover - R10 000

• Disposal of salvage Included - The insured will be given first option to purchase the salvaged goods

OFFICE CONTENTS - General contents and documents.

• Locks & keys - R10 000

• Theft included but limited to 25% of the sum insured and can be increased at an additional premium provided the security is adequate.

BUILDINGS COMBINED - Office and residential buildings.

• Automatic geyser cover included

• Property owners liability included — R1 000 000

PUBLIC LIABILITY - Broadform Liability is available

BUSINESS INTERRUPTION - Consequential loss following material damage.

• Public utilities - 25% of sum insured max R25 000.

• Prevention of access - 25% of sum insured max R25 000.

GOODS IN TRANSIT - Property in transit by road, rail and air.

• Debris removal - R25 000

• Fire extinguishers charges - R10 000

MONEY - Money at premises and in transit.

• Automatic money increase in December limited to 15% of major limit.

THEFT - Contents, stock and machinery.

• Malicious damage as a result of theft - Included for a limit of R10 000

GROUP PERSONAL ACCIDENT - Death and disability (Capital amount).

EMPLOYER’S LIABILITY - Legal liability to employees.

ACCOUNTS RECEIVABLE - Outstanding debit balances.

STATED BENEFITS - Death and disability (income).

GLASS - External and internal glass which will include signwriting.

MOTOR DEALERS - Internal and external risk.

FIDELITY - Dishonesty or fraud by employee.

HOME OWNERS - Dwellings that are private or owned by an individual or a company.

CLAIMS PREPARATION COSTS - R10 000

HOUSEHOLD CONTENTS - Cover for contents of domestic dwellings.

ACCIDENTAL DAMAGE - Accidental damage to property at premises.

MACHINERY BREAKDOWN - Cover up to R500 000 per item (restricted to 6 items)

BUSINESS ALL RISK - Worldwide cover for specified property.

DETERIORATION OF STOCK - R500 000 per risk address, limited to R100 000 per item (restricted to 6 items)

MOTOR - Private motor vehicles and light delivery vehicles, commercial vehicles and motorcycles, buses, trailers and caravans.

• Locks & keys - R10 000

• Wreckage removal - R10 000

• Instruction for repairs - R5 000

• Parking facilities - R2,5 million

• Fire extinguisher charges - R10 000

• Passenger liability - R5 million

• Unauthorised passenger liability - R2.5 million

• Contingent liability - R2.5 million

• Third party liability - R5 million

• Car hire option available for 30 or 60 days for both manual and automatic private type vehicles and LDV's.

• Executive car hire also available for vehicles over R250 000 in value.

ELECTRONIC EQUIPMENT

• Automatic software cover - R5 000

• Incompatibility cover - R5 000

• Increased costs of working - R10 000

• Reinstatement of data - R10 00

SPECIALISED LIABILITY

• Schools Liability - The cover provided is as follows:

  • General Public Liability

  • Proffessional Indemnity of R5 million which includes:

    • Wrongful Arrest

    • Wrongful Dismissal of an employee

    • Wrongful Expulsion of a scholar

    • Infringement of Copyright

    • Defamation

    • Loss of Documents — R25 000

    • Medical Malpractice — R1 million

• Directors and Officers Liability

  • Our SMME Directors and Officers cover affords directors essential peace of mind protection against personal liability. The 2008 Companies Act allows Companies to purchase insurance for director's liability provided the cover does not breach any of the non-indemnifiable sections of the Act. The 'Platinum Flexi' comprehensive directors cover with fewer exclusions and additional enhancements
    is the first policy specifically designed around the New South African Companies Act to address personal liability needs of directors and managers in 2010 and beyond.