Business
Business Insurance – Could you survive a disaster?
It may surprise you to learn that over 40% of companies who suffer a serious fire loss never trade again, so how well prepared is your business to survive a similar disaster? All businesses operating from premises are susceptible to a disaster, which may be totally beyond your control. Your business could be affected by…
Read MoreProduct Liability – Strict Product Liability on the cards
The new Consumer Protection Bill, which has now been enacted, will have far reaching consequences for South African business in that Section 68 imposes Strict Liability on producers, distributors or suppliers to supply or manufacture goods free of defect. The Bill establishes fundamental consumer rights to “fair value, good quality and safety” which in effect precludes the producer,…
Read MoreGeneral Insurance – Late Claim Notification may mean “No Claim”
All short term insurance policies contain a clause detailing the procedure when submitting claims. In general terms this clause compels you, the Insured, to give your insurers notice, as soon as reasonably possible, of any event which may give rise to a claim. But the claim may never materialise…? In our experience a frequent reason…
Read MoreMotor Insurance – Risk implications of the new Road Accident Fund
The trigger for the cover is an accident (as opposed to illness) and the compensation is based on the sum insured you select on Death, Permanent Disability, Temporary Disability, and Medical Expenses. Medicals are not required and age acceptance limits generally commence at age 15 and expire at age 70. The new Road Accident Fund…
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