to evaluate your business in order to determine what policy sections are required to address your exposure.
Commercial insurance covers a vast variety of economic sectors such as retail, manufacturing, hospitality, medical, motor traders, transporters and education to mention a few.
At Victus, our risk division offers advice on all the above, including a January premium-free benefit, a self-insure fund, and many other value-added products to enhance its cover.
The engineering policy is a complex and unique product offered by our specialist underwriters. Sub-sections of an engineering policy can include contractors & erection all risks, plant all risks, electronic equipment, machinery breakdown, and more. Contractors and plant all risk are policies of exclusion, meaning if a certain peril giving rise to a claim is not excluded, compensation may be provided.
These policies include cover for loss or damages caused by fire, water, storm and theft. They go so far as to include cover for surrounding property, liability cover and additional costs such as firefighting, recovery, removal of property, goods in transit and so on.
Our Victus risk division has partnered with leaders in the field of engineering insurance to ensure we include this in our business financial planning solutions. When highly specialised contracts arise, we have the flexibility to do a site visit with our specialist underwriters.
As digital transformation brings everyone and everything online, crime is no exception. In this fast-developing technological world, we have seen a considerable increase in companies’ online presence, putting the privacy of consumers and businesses at high risk. This has given rise to new legislation such as The Protection of Personal Information Act (POPI) as well as the development of various insurance products.
The cover is offered for technology error and omissions, data recovery, crisis management costs, data extortion as well as loss of funds due to online fraud.
Our Victus risk division has aligned with leaders in the field of cyber risks and commercial crime to offer our customers peace of mind. The cover includes loss of business income, loss of funds due to fraudulent online transactions, privacy regulatory defence and penalty cover, customer notification support and credit monitoring expenses.