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Implications of Power Outages on Your Household Insurance

01 April 2014 | General

The writing is certainly on the wall as South Africa gears itself for potential load shedding during the approaching winter months. While this has many implications, one of the most concerning is the fact that power outages compromise safety and security. In an extended outage, the battery back-up on security equipment such as electric fences, alarm systems, security cameras and outdoor motion passives may well run out before power is restored. Should you experience a burglary or robbery during this time, you could find yourself holding the short end of the stick if your insurance coverage terms don’t specifically provide for circumstances that are beyond your control.

Environmental Damage High on List of Executive Liability

25 March 2014 | Commercial

A recent landmark court ruling has ensured that directors can be held personally liable for the environmental damage caused by their companies. The managing director of clay-mining company Blue Platinum Ventures became the first company director in South Africa to be held personally liable for a mining-related environmental offence.

2 Million vehicles fitted with DataDot

19 March 2014 | Motor

DataDot Technology will reach a milestone of ‘2 Million vehicles protected’ in South Africa during March. The road to this achievement started in 2001; when DataDot started its operation at their headquarters in George, Western Cape. It was slow and steady from this point and the first real indication that DataDot would be a technology that would be used successfully in South Africa came during 2003; when Avis took up the product for their fleet of vehicles realising a drop in theft and increase in recovery of over 50% in both cases.

Cheaper Insurance Can Cost SMMEs Dearly – make smart decisions to avoid the pitfalls

18 March 2014 | General

The combination of a falling Rand, tight budgets and diminishing profit margins, has seen a rise in cost cutting in businesses. Insurance is one area that businesses put under the microscope when the pressure is on – but uninformed cost cutting can have disastrous consequences.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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