With more than 40 years’ experience in the industry, WesBank is a leading Vehicle and…
With more than 40 years’ experience in the industry, WesBank is a leading Vehicle and Asset Finance provider. It is part of one of the biggest financial services groups in Africa.
Read more about WesBank Business Insurance below.
Irrespective of the stature of your business, WesBank has the expertise to partner with you for success. WesBank provides structured business asset finance solutions for your commercial enterprise.
Health Credit Policy:
With the Health Credit Policy, the full outstanding amount on the finance agreement will be paid out in the event of the death or permanent disability of a business partner or director. The death benefit is valid up to the age of 65. The permanent disability benefit is valid until the age of 60.
Customer Protection Plan:
The Customer Protection Plan covers the monthly vehicle instalments during temporary disability or retrenchment of a business partner or director (unless you are self-employed). It will also pay out the full outstanding amount on the finance agreement in the event of death, permanent disability and dread disease.
This comprehensive policy covers your asset financed by WesBank in the event of an accident, theft, hijacking as well as extensive hail damage. It also covers third party liability, includes towing services, and you won’t be liable for additional theft excess if the vehicle has a tracking device.
This comprehensive policy covers the repair costs and replacement of selected parts after a mechanical breakdown. Cover is available for up to 12 major components for commercial vehicles and up to 5 components for agricultural equipment. The policy also includes options for extended time frames and kilometres.
With AssetSure, the difference between what your underlying insurer pays out ((typically the market value) and the balance still owed on the finance agreement, is covered. This provides the assurance that your business’s cash flow won’t be affected if the asset is written off or stolen.
An insurance payout might not be sufficient to cover the deposit you paid. If the asset is written off or stolen, the Deposit Protector will cover the original deposit, up to a maximum of R500,000.
Install a tracking device on your vehicle to increase the chances of retrieval in the event of theft or hijacking. Moreover, you could qualify for a substantial discount on your vehicle insurance premium with a tracking device.
The monitoring service will assist you to keep track of the vehicle’s whereabouts, and warns you if it moves without authorisation. Installing a tracking device in the vehicle can qualify you for a substantial discount on your vehicle insurance premium.
This tracking solution is designed to assist you to keep track of the vehicles in your fleet in real time. The online system enables you to locate the exact whereabouts of your vehicles and activate emergency services if necessary.
WesBank Contact Details:
Address: Enterprise Road
Tel: (011) 649 6000
Email: [email protected]