Business Clients
Risk First. Insurance Second.
We always start with how your business runs. What would stall it or sink it. And only then do we talk insurance. Risk first, insurance second.
Your business was never an insurance package. Neither is our thinking.
Assets|Liability|Accidents|Business Interruption|Crime
Visual Risk Analysis
See the risk. On the ground.
It is easier to see your risk than to read long insurance policies.
To help you we have created a business risk visualiser tool for you to see all the available covers for South African packaged business insurance policies.
Buildings
The building and all insured permanent fixtures and fittings should be insured for their full rebuilding cost, including professional fees, demolition costs and VAT.
Read moreWhat do you prefer?
To speak to someone? Leave your name and number and a Chadwicks Risk Advisor will call you as soon as possible. Or, go straight into "Review My Risk".
Assets
Building
It is essential to understand what your insurance policy defines a building as. Usually, it is the actual structure with all fixtures and fitting and other named structures like driveways, gates, fences etc. Check your policy to ensure your building falls within the ambit of cover provided by your policy.
Read moreMain Coverable Events
- Storm
- Fire
Machinery
Essentially, the assets that remain, after you have insured your Buildings and Stock, are all the other Contents and Plant & Machinery. The main events covered by commercial policies for Contents, Plant & Machinery are Fire and Storm.
Read moreMain Coverable Events
- Storm
- Fire
Stock
A common definition of stock is “the goods or merchandise kept on the premises of a shop or warehouse and available for sale or distribution”. Raw materials are those assets, materials or substances used in the primary production or manufacturing of goods.
Read moreMain Coverable Events
- Storm
- Fire
Office Contents
This section of the policy looks to cover contents or furniture found in an office, including your landlord’s fixtures and fittings or for which you are responsible, other than electronic data processing equipment. Some examples may include desks, cabinets, dry walling, office chairs, office crockery etc.
Read moreMain Coverable Events
- Storm
- Fire
- Theft
Electronic Equipment
The correct setting of your sum insured is crucial, to avoid Proportionate Underinsurance penalties applying at claim stage. Invariably, the sum insured must always represent the New Replacement Value of all insured electronic equipment, inclusive of VAT.
Read moreMain Coverable Events
- Storm
- Fire
- Theft
- Accidental Damage
Business All Risks
All businesses, regardless of size, generally need a lot more risk protection than simply property or vehicle insurance in order to protect their assets, and this is where an all risks business insurance policy in South Africa is vastly beneficial.
Read moreMain Coverable Events
- Storm
- Fire
- Theft
- Accidental Damage
Commercial Motor
The accident rate on South African roads continues to skyrocket. Business insurance should therefore include adequate motor insurance to protect the organisation against insured motor losses, as well as liability to third parties, which arise out of the use of the motor vehicles.
Read moreComprehensive Coverable Events
- Storm
- Fire
- Theft
- Accidental Damage
- Liability
Goods in Transit
Assets, whether they are sold, purchased or needed as manufacturing components, are moved within the RSA on a daily basis. Often, the value of the property transported is high and should be transferred to an insurance policy, via a Goods in Transit Section, as events like theft, hijack, fire and accidents can occur at any time during the transit.
Read moreMain Coverable Events
- Storm
- Fire
- Accidental Damage
- Whilst in Transit
Liability
Liability to 3rd Parties
Liability Insurance in South Africa can be explained as follows: South African law is basically divided into two distinct spheres, namely criminal and civil law. An action by a person can have both civil law and criminal law consequences, but the two fields have entirely different applications.
Read moreMain Coverable Events
- Civil Legal Liability arising from accidental damage to Third Party Property or death/injury to Persons
Accident to Persons & Property
Personal Accident and Accidental Damage
It is a known fact that human resources are integral to the success of any business, and it follows that these resources should be protected and insured as far as possible. Commercial short term insurance policies are able to cover eventualities like death and permanent disability, including a few other insured events, following accident to insured persons.
Read moreMain Coverable Events
- Accident
Glass
Fixed glass needs to be specially insured for accident. In terms of setting the sum insured, it is a simple case of contemplating the highest financial loss you would envisage following accidental damage to glass from an event.
Read moreMain Coverable Events
- Accident
Consequential Loss
Business Interruption
Fire and Natural Perils (Storm, Wind etc) are all unexpected disasters which may result in your business having to shut down or to limit its operations, unless you have insured the reduction in Turnover risk following such a disaster.
Read moreMain Coverable Events
- Reduction in Gross Profit/Revenue following Fire or Storm
Accounts Receivable
Most businesses have accounts receivable as part of their monthly management accounts. These are simply outstanding debit balances, essentially monies owed by the client to the business, for goods purchased or for services rendered by the business.
Read moreMain Coverable Events
- Accident
SASRIA
Riots & Strikes
This is unique cover against risks such as civil commotion, public disorder, strikes, riots and terrorism, making South Africa one of the few countries in the world that provide this insurance, particularly at affordable premiums.
Read moreMain Coverable Events
- Riots & Strike for Assets
- Business Interruption
- Money and some Specialized sections
Crime
Theft
This essentially looks to cover theft of property, subject to forcible and violent entry to a building. In terms of setting the sum insured, it is a simple case of contemplating the highest financial loss you would envisage following theft of property from your building.
Read moreMain Coverable Events
- Theft
Money
Money, this essentially looks to cover theft of money from the premises and in transit. Typical requirements include that money is left in a locked safe (the higher the amount insured, the higher the specification of the safe), is carried by armed cash carriers, left in drop safes etc.
Read moreMain Coverable Events
- Storm
- Fire
- Theft
Fidelity Guarantee
Financial crimes, committed by employees, are often far more debilitating to businesses in South Africa. In fact, Chadwicks views this as a catastrophic financial risk, which should always be transferred to an insurance policy.
Read moreMain Coverable Events
- Employee Theft
Business Risk Scorecards
Assess your risk as a business
01
Business Cyber Risk Score
A high level business cyber risk assessment to test whether your cyber insurance policy will respond at claim time.
02
D&O Business Risk Score
A high level governance risk assessment to test whether your organisation is protected from claims against its directors and officers.