Tag: business interruption insurance

Data integrity, security, and availability are vital aspects to consider whether it pertains to personal information, business records, or research data. However, many individuals and organisations often neglect the importance of data maintenance, which can lead to data ‘load shedding’, a term used to describe the loss, corruption, or unavailability of data due to poor data management practices.

The news that dominated the headlines during the weekend of 15 – 17 September 2023, was the storm surge incidents that swept across three coastal provinces – the Western Cape, Eastern Cape, and KwaZulu-Natal. Mainstream media and social media alike were abuzz with the news. Since then, videos depicting the storm surges have been circulating across various media platforms.

It is becoming normal to wake up to reports of fires - since the July 2021 civil unrest there have been at least a further four major fire outbreaks reported.

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.

Businesses seeking to recover losses from the widespread damage caused by recent riots and looting recently need to act promptly in filing claims to SASRIA. As vandalism, looting, damage and destruction course through the vital arteries of our beloved country, how do businesses recover their losses?

Hollard Namibia’s resistance to paying COVID-19 claims puts vulnerable San community and tourism sector in peril. We have turned our attention to Namibia, where Hollard Namibia is refusing to settle Business Interruption claims, placing the San community, the tourism sector and conservation efforts in acute distress.

As economic recovery slowly picks up, and the industry waits to see whether government’s ambitious infrastructure-led recovery materialises, it’s never been more important for contractors to ensure they are fighting fit and best positioned to take advantage of every opportunity that comes their way.

If you haven’t already dusted off the business interruption, liability and event cancellation policies you have underwritten, or placed for an insured, and checked for coronavirus coverage, now is the time to do so.  

An interview with Raynold Tlhavani, Partner Webber Wentzel, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing business interruption insurance in the light of impact of COVID-19.

With reports that more than half of companies around the world do not have effective business continuity plans in place to combat an infectious disease outbreak like COVID-19 and the virus starting to take a stronger foothold in South Africa, businesses must do more to prepare themselves for the repercussions this could have on operations.