Cover options

Public liability insurance

• Cover for legal liability for damages and claimants' costs, in accordance with applicable laws and procedures
• Excludes the jurisdiction of the courts of North America
• Cover applies across all property sections within the seamless specialist insurance product

Professional indemnity insurance (single projects)

• Risk exposure cover for built environment professionals working on large infrastructural projects
• Multi-year cover for legal liability arising from rendering of professional services, at an upfront premium
• Includes Rectification Prior to Handover for professionals and contractors to avoid post-handover legal liability
• Indemnity provided for in respect of damages, claims and costs
• Bespoke insurance for a particular single project
• Policy allows for and facilitates access to higher levels of cover
• Provides a coordinated solution for a variety of professionals working on a single project
• This cover is generally regarded as a prerequisite by project owners, developers and financiers.

Marine insurance

• Marine cargo cover for specified property such as packaging material and labels
• Cover applicable to land, water and air transit (including distribution via post), as well as storage
• Covers loss of or damage to property as a result of fire, theft and accidental damage while in storage
• Project delay cover also included

Contract works insurance

• Cover provided for the insured property (Contract Works and Temporary Works), as described in the Policy Schedule
• Contractors' Plant and Equipment cover valid for duration of project construction phase

Project delay included under both contract works and marine insurance

• Marine and Construction Project Delay (DSU/ALOP) cover for loss of revenue or gross profit, or for standing charges as a result of delay in project start-up or completion

Asset insurance

• Cover for unforeseen physical loss, destruction of or damage to the insured property due to fire or any other perils not excluded
• Cover extends to sudden and unforeseen mechanical and electrical breakdown of plant and its machinery
• Asset Insurance also extends to Business Interruption cover
• This indemnifies the insured for loss of gross profit or revenue suffered due to interruption of or interference with the insured’s business, which, as a result, leads to damage or mechanical breakdown

Travel insurance included under contract works (medical evacuation) and Asset Insurance (corporate travel)

• This automatically includes corporate travel cover for emergency medical and related expenses.

Riot wrap

• Serves as a ‘wrap-around’ for cover provided by Sasria (South African Special Risks Insurance Association) relating to riot or strike action that leads to physical damage to insured property
• Also extends to physical damage to assets of insured property, unless specifically excluded
• Cover specifically relates to loss of profits, contingent business interruption and material damage above the Sasria within South Africa
• Full cover for territories outside South Africa where Sasria or Nasria (National Special Risks Insurance Association, Namibia) does not apply