Enterprise-wide Risk Management
Enterprise risk management (ERM) is a plan-based business strategy that aims to identify, assess, and prepare for any dangers, hazards, and other potentials for disaster both physical and figurative that may interfere with an organization's operations and objectives.
- Provide greater awareness about the risks facing the whole organisation
- Embed the correct risk culture
- Ensure risk taking is within appetite
- Aide avoidance/reduction of losses
- Ensure significant risk identification and mitigation
- Support compliance with regulatory requirements
Health Insurance
- Comprehensive assessment of their current Medical Aid cover.
- Making decisions on “Self-Insurance” option.
- Periodic assessment of the Funders
- Risk Management strategies and initiatives
Insurance Portfolio Reviews
- The Insurance Program covers all expected risks adequately
- The Insurance Program is suitable
- The Insurance Program delivers REAL value
- The Insurance Program is fairly priced
- There is no ‘hidden’ clauses that can cause future disputes
- There is transparency between the Business and the Insurance Company
- The Insurer meets high quality service standards for all services offered
Administering Self-insurance Funds
- Provide greater awareness about the risks facing the whole organisation
- Embed the correct risk culture
- Ensure risk taking is within appetite
- Aide avoidance/reduction of losses
- Ensure significant risk identification and mitigation
- Support compliance with regulatory requirements
Claims Management
- Comprehensive assessment of their current Medical Aid cover.
- Making decisions on “Self-Insurance” option.
- Periodic assessment of the Funders
- Risk Management strategies and initiatives
Vehicle Insurance
Full Third Party:
Provides the basic minimum insurance cover covering pedestrians and cyclists against injury or death or damage to third party property, caused by the insured vehicle.
Full Third Party Fire and Theft [F.T.P F&T]
In addition to the Full Third-Party cover , FTPFT extends to include cover for theft of insured vehicle or its accessories and damage to the insured vehicle caused by fire only.
Full Cover [Comprehensive]
This is the widest form of cover which in addition to covers provided under Full Third Party Fire and Theft above, extends to cover repair costs for damage to the insured vehicle following an accident, medical expenses up to policy limit, towing charges for the disabled vehicle and emergency.
Agriculture
We offer customized insurance programs to cover all your farming activities and we offer services that go beyond insurance placement. Our farming insurance policy provides cover for the following:
- Crop Insurance – cover for crops arising from flooding, drought, wind, and other perils.
- Tobacco insurance- this cover loss against hail and windstorm and field to floor.
- Livestock – loss or theft of livestock, injury or death from defined perils.
- Farm Equipment and Machinery – loss or damage to farm equipment and machinery
Travel Insurance
Covers financial protection for unforeseen emergencies or travel risks that may affect the insured’s trip abroad. The benefits of the policy include the following but are not limited to:
- Emergency medical and related expenses
- Evacuation
- Repatriation Costs
- Trip cancellation, curtailment and disruption
- Personal Injury
- Loss of Baggage
- Personal liability
Business Assets All Risk
From customised machinery to electronic equipment, business assets play a vital role in the success of business operations. Our Assets All Risk insurance provides protection for business property that is accidentally physically lost, destroyed or damaged by anything other than excluded causes.
Accident Classes included:
- Burglary
- Money
- Goods in transit
- Accidental Damage to glass and office equipment and Employees Personal effects
- All risks to cover items normally carried on the person such as laptops and cell phones
DID YOU KNOW?
Engineering
Our engineering insurance solutions are set up to provide strong financial back up for all engineering projects.
Plant All Risk Policy
Electronic Equipment
Machinery Breakdown
Assembly (Erection) All Risks
This insurance protects against physical damage or destruction of machinery, equipment or apparatus used during ‘work in progress’ while in the process of installing or erecting a plant, machinery and or building. We ensure that you build your projects with peace of mind knowing that you are covered against unforeseen circumstances.
Golfers Insurance
The policy covers, for both amateurs and professionals: golf equipment, Hole-in One, legal liabilities to third parties, hire of golfing equipment following loss, damage or delay when traveling to play a game of golf and reimbursement of tournament entry fees when there is cancellation due to unforeseen sickness or accidental injury occurring.
Personal All Risk policy
The policy covers all the goods normally carried or worn by the insured whilst travelling. Policy offers worldwide cover. Cover is applicable to such items as mobile telephones, jewellery and precious items, laptops and other small pieces of electronic equipment, spectacles and sunglasses. It is a condition of the personal all risk section that it be issued together with the house or the contents.
Fidelity guarantee
Though care is taken in appointing a qualified workforce, employees may still commit fraud and theft. Fidelity Guarantee Insurance protects you against this. Everyday employees handle company money, company property and company records. Diverting these into own use is fraud. Fidelity Guarantee covers you against such risk or incident.
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Liabilities Insurance
Businesses are exposed to various forms of legal liabilities for death or injury and /or damage to property, arising from negligent commission or omission of duty of care, such as: General Public liability, Employers liability, Products liability, Tenants liability (where company is a tenant), Property owners liability (where company lets building), Umbrella liability
Directors and officer liability Insurance
Directors and Officers Liability Insurance (often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful acts while acting in their capacity as directors and officers for the organization
Environmental Liability Insurance
Policy provides cover for unexpected and unintended the Insured is obligated to pay caused by pollution, for: On site clean-up costs, Physical bodily injury, sickness, disease, mental anguish or emotional distress, Damage to property, Off-site clean-up costs associated with remediation of soil, surface or ground water or other contamination.
House owners
This policy is designed for the homeowner and covers buildings of the home, including out buildings, walls, fences and gates, boreholes and swimming pools, tennis and basketball courts against the perils of fire, lightning, explosion, storm, impact ,malicious damage, theft of fixtures and fittings and breakage of fixed glass.
House holders
This cover can be taken together with or separate from the house owners‘ policy stated above and is designed to cover moveable contents of the home whilst in the home or temporarily away at a place of repair, against the perils of theft, fire, lighting, explosion of domestic gas, strikes, accidental damage to television sets, theft of laundry from washing line, theft of goods belonging to domestic workers and deterioration of foodstuff in a fridge.
Marine cargo and hull insurance
Covers consignments of goods whilst in transit by road rail or air from and to places stated in the policy. Basis of insured value can be any of the following:
- Free On Board
- Cost and insurance
- Cost, insurance and freight.
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Group Personal Accident
Covers accidental death or bodily injury to employees caused by external violent and visible means. Companies may enact this policy for their entire workforce. Cover extends to death injury or loss of ability by an insured worker 24 hours a day, whether they are at work or not.
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Customs Bonds
Warehouse Bonds
Customs require a bond on warehouses storing imported goods to ensure that duty is paid once the goods are cleared and removed.
Agents Bond
An agents bond is required by Customs from forwarding and clearing companies who handle goods on behalf of other companies for the due observation of the regulatory authority’s regulations and payment
An agents bond is required by Customs from forwarding and clearing companies who handle goods on behalf of other companies for the due observation of the regulatory authority’s regulations and payment.
Construction Bonds
This bond covers against defective workmanship and ensures work is done to specifications and standards within the required time
Advance Payment Bond
An advance payment bond is required to guard against the misuse of money that is paid in advance to contractors for the purchase of materials.
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A bid bond determines the seriousness of the contractor. It is an assurance by the contractors that the tender procedures will be followed.
Retention Bond
A retention bond enables the retention monies to be released to the contractor, at the same time guaranteeing the employer that in the event of default by the contractor, such monies will be paid to the employer.
Court Bonds
A judicial management bond is required by the Master of the High Court to ensure the due performance of expert management that has been called in to avoid the liquidation of a company that is experiencing financial difficulties.
Administration of Estate Bond
An administration of estate bond is required to ensure that beneficiaries of an estate will not be prejudiced by mal-administration and fraud by the administrator of the estate.
This bond is required to ensure the due performance of the person appointed in the liquidation proceedings of a company.