Tag: insurance cover

In most cases, the regular driver of a vehicle is also the holder of the car insurance policy and the person who will be covered in the event of a claim. There are, however, instances where a friend or family member may be the one taking it for a spin.

As the global energy landscape undergoes a transformative shift, hydrogen emerges as a compelling substitute for traditional fossil fuels, poised to play a pivotal role in the evolving energy transition. With the energy transition market valued at US$183 billion in 2022 and anticipated to surge to US$317 billion by 2032, hydrogen stands out as a key player in this dynamic evolution.

Events such as the COVID-19 pandemic and rising levels of cybercrime are encouraging insurers to revisit their policy wording to exclude certain events. Over the past three years, the world has suffered serious humanitarian and financial losses from the COVID-19 pandemic, climate change and catastrophic weather, political unrest and wars in central Africa, Europe and more recently, the Middle East.

Ask any sectional title body corporate what keeps them awake at night, and the recurring issue of maintenance – and who’s responsible for it – is most likely the answer. The solutions are often far from straightforward. According to the Sectional Titles Act, the body corporate is responsible for the maintenance of the sectional title’s common property, which includes the outside of buildings, roofs, common gardens and parking bays, driveways, security systems, and shared amenities.

The insurance aspects of film production shouldn’t be left to chance and producers should consider the very diverse risks accompanying the development of movies or series. The role of commercial and film producers’ insurance cover is to protect the financial interests of the production funders against unfortunate events that may cause physical damage or delays resulting in a loss.

Smoke, fire, and flames claim numerous lives in South Africa, ranking among the top causes of death. In addition, the Fire Protection Association of Southern Africa has reported that almost one-tenth of all fires stem from electrical sources. However, many South Africans are unaware that counterfeit electrical products play a major role in fuelling these incidents.

Imagine installing a R2.5 million solar operation to power your property, only to have your property destroyed by a fire. This is the very real risk property owners face if the installation of the solar power solution is not done in accordance with regulation and South African National Standards (SANS).

It is important to understand the difference between load shedding and electrical grid failure. Load shedding, as we understand it today, is controlled interruption of electricity supply to the public. These scheduled interruptions do not affect any municipal institution; however, electrical grid failure will affect municipalities as well as any public infrastructure.

Both the role and value proposition of insurance advisers is changing as the insurance industry becomes more complex. Understanding the client’s risks and offering the most appropriate solution requires that insurance advisers are experts in their field.

Insurance policies shouldn’t be seen as static agreements that are concluded as once-off arrangements. Instead, short-term insurance products are designed to evolve along with you and your family as your life takes shape, adapting to your changing needs.