CIB Insurance

You've put time, effort and money into your franchise. Let us take care of the risks, while you focus on running your business. The CIB Franchise product has been specifically designed for franchise owners as an all encompassing product designed to give you peace of mind in the event of a loss.

The CIB Franchise Target Market Includes:

Non-industrial / non-hazardous franchise stores	Retail stores	Fast food outlets	Restaurants

Some of the tailored benefits included under selected sections:

Accidental deterioration of foodstuff included under the fire section of R5 000	Insured buildings will have automatic geyser cover included
Franchise royalties in favour of head office, as well as Extended Public Utilities Automatic Cover R25 000 (subject to a 24 hour time excess), included under the Business interruption section	Claims preparation costs automatically included up to R20 000
Automatic money increase in December limited to 15% of major limit under the Money section	Automatic cover for reinstatement of data up to R20 000 and software of R5 000 under the Electronic Equipment section
Liability cover automatically includes food poisoning cover up to R1 000 000	Malicious damage to property automatically included under the theft section of R10 000
The CIB Franchise Policy has been approved by most franchise operators and is only available to franchise owners and can be obtained from an accredited CIB Broker	All other features and benefits for CIB Commercial product is available

.

Please note that this is a summary of the cover available. The full terms, conditions and exclusions of cover are contained in the CIB Commercial Policy Wordings.

If you would like a copy of the CIB Commercial Policy Wording, please contact Juan Erasmus on juane@cib.co.za