Tag: liability risk
Hot outdoor commodities for the ultra-rich
During the month of September, many homeowners flock outdoors to enjoy the start of Spring; this may even result in a purchase of a plant or two for one’s garden. But if you are super rich, your love for the outdoors may culminate into spend of anything between R500,000 and R1 million on a single tree for your property.
What insurance do you need as an Airbnb host?
Airbnb launched in South Africa in 2015. Since then, the number of home hosts has grown to more than 35,000 with South Africans pocketing more than R3.8 billion over this time. The ripple effect of this booming Airbnb community has also proved significant, resulting in an economic impact of approximately R10 billion and supporting upwards of 22,000 jobs. So what’s the catch?
Growing liability risk threaten business sustainability
The liability risks that South African businesses face as a result of possible product defects, are increasing by orders of magnitude with each passing year, and our Specialist Risk Review has revealed that as many as 21% of businesses have been faced with a product liability claim in the past five years.
