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The recent increase in cases made against retailers regarding faulty merchandise, brings to the fore the need for retail outlets to implement adequate liability cover as the Consumer Protection Act (CPA) may prohibit these stores from simply ‘passing the buck’ to manufacturers.
The new Companies Act has resulted in decision makers having their every action closely scrutinised, and directors – both within the corporate and small and medium enterprise (SME) environment – are increasingly being held personally liable for the consequences of negligent decisions.
The Department of Transport has introduced amendments to the National Road Traffic Regulations for goods-in-transit which could have far-reaching consequences for the agricultural transport industry – including a requirement that goods-in-transit be “fully insured”.
Last month we saw the Department of Home Affairs issue stern warnings to workers cautioning them against taking part in illegal strikes. Then, in this past week, we’ve seen the Post Office dismiss several workers for violating a court order prohibiting workers from taking part in an illegal gathering. These types of events highlight the need for insurance against labour disputes.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?