Posts Tagged ‘Insights’
General Insurance – Alarms and your insurance policy
The mere existence of an alarm does not always mean that your theft losses following break-in are covered in terms of your insurance contract. The Position Recent rejected theft claims have underlined the need for an expert, proficient broker to interpret and guide policyholders in complying with their policy contract terms. Virtually all policies offering theft cover will contain…
Read MorePersonal Insurance – House Contents: Be warned, Underinsurance penalties can be severe
Recent statistics revealed that South Africans with Household Contents insurance are Underinsured by a whopping 77% and even more alarming is that extent of this Underinsurance is 61%! So what is Underinsurance and why do insurers insert this penalty in their policy contracts? Underinsurance Defined Insurers add a clause to their contracts which stipulates that…
Read MoreBusiness Insurance – Global Crisis Impacts Insurance Claims
The global economic meltdown has, in same way or another, had a negative impact on most South African companies. The implications on your insurance contract are far reaching given that the new replacement cost of plant and machinery has soared northwards due to severe currency fluctuations and increased import costs. The end result is that you are most probably significantly Underinsured if your…
Read MoreCyber Insurance – The world we live in
We live in a world dominated by machines – machines, including those in the “cloud”, which can compute and store vast amounts of data. Our dependence on these machines for data and tasks has reached staggering levels, to the point that it is safe to say that a security breach in terms of data being…
Read MoreGeneral Insurance – Water Crisis & Insurance
It is a widely held view, that in the main, the cause of the dire water situation in the Western Cape is a combination of manmade risks, namely, climate change, a sustained influx of people into the area and poor planning by local and national government. Of course, the effect of the drought and how…
Read MoreBusiness Insurance – CPA Strict Liability
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 – Small Things Become Big Things
In a world where technology is constantly improving, the amount of electronics being produced and sold nowadays is astronomical. Most of us have moved away from just using our phones to make calls – these very powerful devices can, at the touch of the button, connect you to the “internet of things” – for most…
Read MoreMotor Insurance – Card License Renewal and Motor Insurance
Time flies. It was nine years ago that the new card licence system was introduced. Motorists are now in contravention of the law if they are not in possession of a valid card licence. Even more alarming is that motorists who failed to convert their old “ID” licences have no insurance cover as policies require…
Read MoreBusiness 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 MoreCraig Brown
Its an honor to be associated with Chadwicks Risk & Insurance. Chadwicks have been our brokers for almost 20 years and have consistently provided us with their personalized service and expertise in their field to best ensure that the necessary risk cover in place to meet our tailored requirements at cost effective rates. We have…
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