Business Assurance
Business assurance is used to protect your business against theft, accidents and any unforeseen events. Under business assurance there is a wide variety of protection that can be taken to safeguard you and your company against financial losses.
The cover that is taken under such a policy is determined by the nature of the business. By putting insurance into place this will protect both the business owner as well as the financial institution against losses.
Buy and Sell Contracts and Assurance
Where business co-owners buy assurance on each other’s lives in order to buy out the shares due death and disability.
Key Person / Keyman Assurance
Where the business buys assurance on an employee’s life due to death or disability in order to cover potential financial losses.
Pension / Provident Funds
Where a business helps employees save for retirement as well as offer group life and disability in one package.
Group Funeral Cover
Offer affordable funeral policies for employees. Commercial & Corporate Short-Term insurance.
Fire
Perils (Fire, lightning or thunderbolt, explosion such additional perils as are stated in the schedule to be included) cover for contents, fixtures & fittings, stock, etc.
Buildings Combined
Commercial building cover.
Office Content
Commercial cover for office furniture and other loose-standing items.
Business Interruption
Income losses due to the interruption of the business due to an insured event.
Accounts Receivable
Financial losses due to the loss or damage to business books.
Theft
Theft or attempted theft and / or damage to business due to forcible or violent entry.
Money
Loss of money due to theft (normally non-employees).
Glass
Damage / Loss to windows and other glass as well as sign writing.
Fidelity
Loss of money, property, fraud, etc. due to employee dishonesty.
Goods In Transit
Losses of transported goods as specified in the policy.
Business All Risks
Items not confined to the office but used for business including laptops, projectors, cellular phones, etc.
Accidental Damage
Accidental physical loss of or damage to the insured property.
Public Liability
Covers losses or damage to 3rd party (including death) and / or their property whilst conducting business.
Employers Liability
As personal liability but covers employees.
Products Liability / Defective Workmanship
Covers losses due to defective products and / or the uses thereof and / or defective workmanship.
Professional Indemnity
Covers losses due to wrongful advice and / or design.
Directors & Officers Liability
Covers losses due to negligence and / or fraud of the company’s directors and / or officers.
Stated Benefits
Covers bodily injury to employees of company.
Group Personal Accident
As Stated Benefit but in group form.
Motor
Vehicles used by business.
Electronic Equipment
Covers loss / damage to electronic equipment used for business.
Motor Traders
Cover for car dealerships, panel beaters, etc. where 3rd parties handle vehicles.
Machinery Breakdown
Unforeseen or physical damage to machinery used for business.
Loss of Profit
Any loss due to the breakdown of machinery.
Body Corporate
Physical building cover including geysers, gate motors, etc. for joint property owners for example complexes.
Transport
Specialist insurance involving transportation of goods involving trucks, etc.
Marine
As Transport including export and import of goods.
Contractors All Risk (CAR)
Cover for construction sites including building material, etc.
Plant All Risk (PAR)
Cover for equipment used for construction sites including cranes, etc.
Group Medical Aid
Voluntary and compulsory group medical aid. Waived underwriting for groups bigger than 10 members.
Group Gap Cover
Additional cover for in hospital specialists, etc. as well as co-payment cover for groups.
Accumulation planning addresses an individual’s investment needs, asset allocation, and the suitability of different types of securities in light of your goals and risk tolerance.
In today’s world, there are common needs and desires people seek to accomplish. To protect their ability to earn and accumulate wealth, many people choose to hold insurance, as well as maintain an emergency fund, to guard against depleting savings that are intended for other goals.
Accumulation planning addresses an individual’s investment needs, asset allocation, and the suitability of different types of securities in light of your goals and risk tolerance.