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Why cover for civil unrest is essential for businesses and individuals in South Africa

Since the beginning of 2010 to June 2018, South Africa experienced 1330 violent service delivery protests spurred by service delivery failures, corruption and growing youth unemployment – and virtually all exacerbated by criminal elements.

Does your current insurance policy include cover from the South African Special Risk Insurance Association (SASRIA) which protects you against the risk of loss or damage caused by protests, riots, strikes, civil commotion and public disorder?

Commercial and personal insurance policies specifically exclude any loss or damage to assets as a result of these types of events as insurers are precluded from underwriting these risks.

If your home, vehicle and any business cargo/stock is burnt or damaged during a strike or protest action and you don’t have SASRIA cover, it’s likely you’ll be liable for your bank loan repayments in addition to the cost of the damages. 

SASRIA insurance is available for material damage, business interruption, money, goods in transit, motor and construction risks.

Don’t put yourself or your business at risk, ask your broker whether your insurance coverage has been extended to cover SASRIA perils, or give us a call on 044 382 0550.

* This article is provided for informational purposes only and should not be construed as legal or financial advice. 

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