This section provides financial protection against physical damage to vehicles which you own. Your vehicle includes all spare parts and accessories permanently fitted to the vehicle (extras are only covered if stated in your schedule). The following list of vehicles may be insured under your personal motor section:
A private car, minibus or similar vehicle designed to carry up to 10 people, including the driver;
A station wagon,
motorisedcaravan/mobile home (contents to be insured under All Risks), 4x4 vehicle, 4x2 vehicle, or light delivery vehicle, with a gross vehicle mass of no more than 3 500kg, vehicles also known as double cabs with a carrying capacity not exceeding 5 (five) persons;
A motorcycle, including three-wheeled, scooter or quad-bike;
A golf cart;
Trailers may also be covered by this section.
The two main areas that are covered under the policy are:
Physical loss or damage to your vehicle as a result of a specific incident.
Damage to third party vehicles and property.
Full compliance with the legal requirements of owning and driving a motor vehicle is vital to the validity of any motor insurance policy i.e.
The driver must be appropriately licensed to operate the vehicle.
The vehicle must be roadworthy (e.g.
smooth tyresrender a vehicle unroadworthy.)
You must be the registered owner of the vehicle (this ensures that you have an insurable interest.)
The exact use to which the vehicle is engaged must be fully disclosed to the insurer.
Injuries sustained during a motor vehicle accident in South Africa are claimable from the Road Accident Fund.
This section is in respect of cover for the domestic building/s which you own. The building is essentially the structure of your home – from the foundations and floors to the walls, ceilings and roof. It includes all solid infrastructure of the property, from outbuildings, swimming pools, tennis courts, driveways, walls, water, sewerage, electrical and gas connections.
Standard construction buildings, built with brick, stone or concrete, roofs of slate, tile, concrete, asbestos or metal, can be insured and special arrangements can be made where the construction is non-standard (thatch.)
This is a section which covers your household goods, personal property and equipment, including outdoor and garden furniture. Cover is extended to include the contents of other domestic buildings on the grounds of your property, such as servant’s quarters and garages, but with certain restrictions.
This section is designed to cover accidental loss of or damage to personal belongings whilst away from your home. All risks are split between unspecified and specified items as follows:
“Unspecified” All Risks
This is in respect of items that you wear or personal effects that are either worn or carried with you, on a day to day basis. These tend to be everyday items such as clothing, handbags, glasses/sunglasses and may also include sports equipment being used by persons participating in sports or hobbies. A globular sum insured is selected to cover these goods. The maximum limit per item is 20% of the globular sum insured selected. Certain items like laptops, cell phones etc.
“Specified” All Risks
These are usually items of higher value and typically includes
If you claim for loss or damage to any watch or article of
This is a section which covers motorboats, yachts / sailing boats, ski boats and jet-skis. Your pleasure-craft consists of the motor/s and hull (length not exceeding 6 (six) meters), superstructure, fittings, machinery, gears and all original standard equipment such as would normally be sold as one unit. Cover is limited to social and pleasure purposes only and warranted that the vessel is maintained at all times. The sum insured for pleasure craft type items is based on the current market value of the item inclusive of VAT.
You may also insure the trailers;
Other accessories, fittings and equipment such as:
Wet-suitsand other clothing, sea boots, nautical books;
Fishing gear may also be covered under the “all risks” portion of the policy as specified items.
Full compliance with the legal requirements of owning and operating a pleasure-craft is vital to the validity of this section of the policy i.e.
Certificate of Fitness
Building and Contents
Cover extends to damage by perils as described in the Fire section, to buildings, outbuildings, landlords fixtures and fittings, walls (excluding retaining walls
The two main areas that are covered by a motor policy
- Physical loss or damage to your vehicle.
- Damage to third party vehicles and property.
Full compliance with the legal requirements of owning and driving a motor vehicle is vital to the validity of any motor insurance policy. Failure to comply with the following basic requirements will almost always result in the repudiation of a claim:
- The driver must be appropriately licensed to operate the vehicle (e.g. PRDP.)
- The vehicle must be roadworthy (e.g.
smooth render a vehicle un- roadworthy.) tyres
- Your company must be the registered owner of the vehicle (this ensures that you have an insurable interest.)
- The exact use to which the vehicle is engaged must be fully disclosed to the insurer.
Goods in Transit
The section covers loss or damage to goods whilst loading and unloading, or caused by fire, accidents, overturning of the vehicle they are being carried in and theft of goods from the vehicle or hijack of the whole vehicle carrying the goods. Theft from an unattended vehicle will be covered provided the vehicle is fully enclosed and locked.
The cover is in force as soon as the goods are lifted to be
A standard Goods in Transit policy
This section was designed specifically for computer
- Damage resulting from a power surge.
- Loss or damage to software.
- The cost of reconstitution or replacing lost data.
In many ways this is similar to a Fire Policy but is restricted to office equipment only. It additionally provides protection against other events which are specific to an office environment such as:
- Theft of office contents.
- Damage or loss
office documents to fire or theft. by
- Legal liabilities resulting from damage or loss to documents.
- Theft or damage to employees’ property.
- Cost to rent temporary office premises where existing premises are damaged to the extent that they must be vacated.
- Unforeseen costs incurred to continue operating
the temporary premises. at
Defective Workmanship Liability
Defective workmanship liability may arise as a result of maintenance or repairs carried out under a contract of service where there was a defect or error or omission in such work, which results in consequential accidental death or bodily injury or illness or accidental loss of or physical damage to property. Cover excludes that part of the property in your custody and control and the specific item or property that was being worked on.
General & Tenants Liability
There are many forms of liability insurance available, but in all instances, this essential cover protects your business against you or your employee’s lawfully proven, negligent but unintended wrongdoing or error that, during the course of the business, resulted in death, bodily injury, illness or loss or damage to a third party’s property. Admission of liability or acceptance of responsibility, on moral or other grounds, on behalf of the insurance company is prohibited. Doing so will immediately nullify the cover offered by the policy.
Machinery Breakdown and Business Interruption
This section provides protection against sudden and unforeseen physical loss or damage to fixed machinery and plant, described in the schedule, arising from mechanical or electrical breakdown, whilst in operation or at rest, during removal, re-positioning, cleaning, inspection, overhaul or re-erection at your premises.
Transit and Erection All Risks
This policy allows you to selectively insure against loss or damage to plant and machinery arising from a range of risk events which the business is exposed to. It can include dismantling, movement, loading, transit, offloading, storage, repositioning, re-erection and public liability. Cover can be adapted to suit applications such as exhibitions or demonstrations
Contractors All Risk and Contractors Liability
This insurance is a comprehensive all risks cover
This liability policy is available primarily to protect industries such as building, civil engineering, road building, mining contractors, and provides indemnity against all sums which you are legally liable to pay to third parties as a result of loss or damage to property or injury to persons occurring in connection with the business. This cover would also be required if you decided to do any building alterations or extensions to your existing business premises
Plant All Risks and Plant Liability
Accidental loss or damage to construction plant and equipment whilst in storage, transit, on the contract site and being used as a tool of the trade, is protected under this policy. Cover may be extended to include the hiring of substitute plant, as well as loss or damage to the plant hired. Ongoing hire charges following loss or damage for which you may be legally liable, can also be covered
Cyber liability and Commercial Crime
From the Internet and email to social media and mobility, in our professional and personal
Typical cyber risks include:
- Costs incurred to respond to a data breach
- System unavailability and downtime
- Loss of revenue, data and/or competitive advantage
- Loss of investor and/or client confidence
- Litigation arising from compromised systems or data
- Industry and regulatory fines and penalties
Common causes of incidents include:
Unauthorisedaccess: Hacking and malware
- Accidents and negligence: Lost or stolen devices, Insecure management and destruction of hardware and physical paper records, Social engineering
- Rogue employees: Corporate espionage, Selling data for financial gain
- Third-party access: Compromised in order to gain access to client environments
Professional indemnity cover is a type of liability cover. It is recommended for all individuals and companies who provide knowledge, skills, advice or treatment as part of their profession. These are potential causes
If your professional advice or services fall short of a
Pleasure Craft and Aviation
Covers the aircraft against accidental loss or damage whilst being taxied, grounded or in flight except where specifically excluded, less any applicable deductible and/or betterment. Specific exclusions include war and allied perils and engine breakdown
Traveling goes hand in hand with several frustrations like delays, cancellations, baggage and medical expenses. Travel Insurance could cover all of these, subject to the terms and conditions of the product.
Policies can be arranged for families, individual and companies
Protect your cargo against physical loss or damage whilst in transit by ship, road, rail, air or post
If your professional advice or services fall short of a