Add-On Benefits - Insurance Policy Add-Ons

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Add on Benefits

> CIB Roadside Assistance >

CIB ROADSIDE ASSISTANCE will assist you with towing and other services should you experience:

A flat tyre
A flat battery
Out of fuel situations
An accident (all reasonable towing costs).
Mechanical breakdown (costs of towing to nearest approved repairer).
Being the victim of hijacking or theft (transportation home or to the nearest place of saftey).

It is important to note that the costs of repair and/or replacement will be borne by yourself in any circumstance other than a motor accident/collision, in which case the cost of repair is covered under a comprehensive motor policy subject to the terms and conditions of the policy.

This CIB service also includes relaying messages on your behalf should the circumstances require. Should you be unavoidably stranded at night outside a radius of 100km from your home, due to any of the above listed incidents, CIB will pay for overnight accommodation limited to an amount of R400 per incident and will also arrange for the safe storage or repatriation of the insured vehicle.

> CIB Emergency Home Assistance >

These services are offered to you and any member of your family residing with you.

By contacting the CIB EMERGENCY NUMBER on 0860 104 952, you will have access to all of the following value added services, 24 hours a day, 365 days of the year.

The CIB EMERGENCY HOME ASSISTANCE Service is designed to assist you with emergency household problems and offers you a 24 hour service for the following:

Burst Geysers
Water Pipes
Broken Windows
Electrical Breakdowns
Locksmith
Carpet Specialists
Painter

The call-out fee, plus one hour's labour, will be covered.
Cover is limited to two cases per annum

> Directors & Officers Liability >

CIB Insurance has launched the SMME Directors and Officers cover as part of its commercial offering. The Director's liability cover is the first policy designed to cater for the New South African Companies Act as it addresses the personal liability needs of directors and managers.

This add-on product provides directors with protection against personal liability and the basic features include the following:
    • Direct personal liability (nil excess)
    • Company indemnification (nil excess)
    • Defence and litigation expenses
    • Director's employment related suits
    • Advancement of costs for non-indemnifiable events

Automatic Extensions include:
    • Estates heirs and legal representatives liability
    • Defamation
    • Coverage for newly created or acquired subsidiaries
    • Investigation and enquiry costs

Please note that this is not a standalone product and must be added onto a commercial policy.

Directors & Officers Liability Rating

LIMIT OF INDEMNITY	MONTHLY PREMIUM	ANNUAL PREMIUM
R 750 000.00	R 80.00	R 960.00
R 1 000 000.00	R 110.00	R 1320.00
R 1 500 000.00	R 140.00	R1680.00
R 2 000 000.00	R 170.00	R 2040.00
R 2 500 000.00	R 200.00	R 2400.00
R 3 000 000.00	R 230.00	R 2760.00
R 3 500 000.00	R 260.00	R 3120.00
R 4 000 000.00	R 290.00	R 3480.00
R 4 500 000.00	R 320.00	R 3840.00
R 5 000 000.00	R 350.00	R 4200.00

Includes 15% commission
Retro date inception
Limit/Excess excludes VAT
Limit is aggregate and inclusive of costs
Premiums include VAT

Referrals: Previous claims history, Financial Institutions, as well as "Yes" to any of the Points in Question 2e of the proposal form.

EMERGENCY NUMBER: 0860 104 952

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