Santam is the leading general insurer in South Africa. Read about Santam Business Insurance. Find…
Santam is the leading general insurer in South Africa.
Read about Santam Business Insurance. Find out more about Santam Business Insurance below.
Santam comprehends that every business is unique and that risks vary. Whether you operate a hair salon or a big accounting firm, Santam has nearly 100 years of experience and in-depth expertise to insure your business property.
Santam’s standard business solution provides cover for:
Note: This solution isn’t limited to the above sections, additional cover can be provided if necessary.
Buildings (combined):
Your building faces numerous risks that might cause damage to it. This section offers comprehensive cover for buildings.
Here is a breakdown of what this cover entails:
Santam offers you the following benefits, which you are covered for at no additional cost:
Fire:
Fire as well as related risks can have shocking effects on your assets.
Santam offers cover against damage caused by:
Santam offers you the following benefit, which you are covered for at no additional cost:
Business Interruption:
Damage to your property might result in reduced turnover or additional expenses that might cause serious business interruption that you didn’t plan for.
Here is a breakdown of what this cover entails:
Santam offers you the following benefit, which you are covered for at no additional cost:
Additional cover:
At a small additional monthly premium, you are able to extend your cover to insure your business against a reduction in turnover following damage to the property of clients as well as suppliers.
Theft:
This cover insures your business contents against loss or damage following forcible or violent entry or exit into your building, including cover in the event of an armed robbery.
Santam offers you the following benefits, which you are covered for at no additional cost:
Note: Theft of office contents is covered under the office contents section
Office Contents:
Your offices have lots of valuable assets from furniture to documentation, which have to be insured.
This cover offers you insurance against damage caused by:
Note: This cover doesn’t include computers and laptops
Santam offers you the following benefits, which you are covered for at no additional cost:
Additional Cover:
Money:
Santam provides cover for loss of/or damage to money on your premises or while in transit to and from the bank.
Santam offers you the following benefits, which you are covered for at no additional cost:
Glass:
Accidental breakage of glass is inconvenient and exposes your property. You therefore have to make certain that you are covered for this risk.
Santam’s cover includes:
Santam offers you the following benefit, which you are covered for at no additional cost:
Goods in transit:
Goods are frequently damaged or stolen while being transported, which is why you have to make sure that you are covered for this risk.
You can select between the following cover options:
Business All Risks:
The Business All Risks section offers comprehensive cover for loss or damage to equipment on your premises or while it is off your premises.
Accidental Damage:
It is hard to consider everything that can have an impact on your business. Sometimes extraordinary events happen that aren’t insured anywhere else on a policy (e.g. collapse of shelving).
Accidental damage offers cover for these circumstances as long as they aren’t insured under another section of a policy.
Fidelity Insurance (Theft by employees):
Even though care is taken in appointing a qualified and moral workforce, employees may still commit fraud.
Santam’s cover includes:
Public Liability:
With Public liability insurance, you are covered in the event that you or one of your employees causes damage to another person’s property or causes the death or injury of a person during the course of a business.
This includes:
Note: With the introduction of the Consumer Protection Act, there are certain industries/sectors that are more exposed to risk in terms of liability. Make certain that your broker comprehends the exact nature of your business, especially if you are involved in the supply of products, whether you are manufacturing or merely distributing/selling these products on behalf of another company.
PERSONAL ACCIDENT COVER (INDIVIDUALS AND EMPLOYEES)
Should you or one of your employees be injured accidentally, whether working or otherwise, this section will provide a payout based on the compensation limit you requested.
This can either be on a stated benefit basis (i.e. related to the annual salary/wages of that employee), or a fixed amount.
Vehicles:
This covers vehicles such as motor cars, bakkies, buses, trucks, trailers, caravans, motorcycles and special type vehicles.
Cover options include:
Comprehensive cover includes the following benefits:
Additional cover:
At a small additional premium, vehicle hire can be included if your vehicle is unusable because of loss or damage
Electronic equipment:
Computers and other electronic equipment are an essential part of your business. You have to insure them properly.
Santam offers you the following benefits, which you are covered for at no additional cost:
Additional cover:
You may also extend this section to provide cover for the reinstatement of your data and computer programmes.
Machinery Breakdown:
Your machinery may be covered under the fire and theft section. But in some instances you may incur accidental damage to your equipment as well as machinery.
Machinery breakdown covers loss or damage caused by:
Santam offers you the following benefits, which you are covered for at no additional cost:
Business Interruption (following machinery breakdown):
The breakdown of your plant or machinery will have a negative impact on the running of your business.
This section covers reduction in turnover and increased working following a machinery breakdown/loss (if insured in terms of the machinery breakdown section).
Deterioration of stock:
Breakdown of machinery might result in the loss of refrigerated stock. Cover is provided for this occurrence (as long as the machinery was insured in terms of the machinery breakdown section).
Santam contact details:
Address: 1 Sportica Crescent
Tyger Valley, Bellville, 7530
Tel: 021 915 7000
Email: [email protected]
Website: www.santam.co.za
Powered by WhatsApp Chat