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Business interruption insurance: what all businesses can learn from the riots

15 July 2021 | Commercial

The latest riots and looting in South Africa have been utterly devastating for local businesses. When the dust eventually settles, the reality is that many businesses are going to have a tough time bouncing back from the destruction. Those that are able to pick up the pieces will be the ones that have business interruption insurance in place.

Your clients cannot expect JIT insurance cover

15 July 2021 | General

The civil commotion playing out across South Africa over the past few days highlights the need for local businesses to not only have commercial non-life insurance cover in place; but for them to frequently assess the risk on cover and the sums insured. Most broker-assisted businesses will have little trouble in meeting the aforementioned requirements, which is just as well given initial estimates of between R7 and R10 billion in damages claims following this unrest. Unfortunately, the uninsured and those who took short cuts around initial policy onboarding or renewal processes, could run into trouble. The message from the country’s large insurers is clear: Insurance is not like manufacturing… And you cannot take a just in time (JIT) approach to placing assets on cover.

Supply Chain Interrupted

14 July 2021 | Commercial

With trade already heavily challenged by the COVID-19 pandemic, the current wave of riots and looting in parts of the country is exacerbating matters further, presenting a tipping point for many businesses as to whether they survive or not.

Moving house? Don’t forget about your insurance

12 July 2021 | Personal Lines

Moving is an exciting part of life, but it's also an experience that can cause quite a bit of unease. Depending on how far away you’re moving, it can be a major life change, and it can also put a lot of strain on your wallet.

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