Life has many twists and turns and sometimes we have to deal with the trauma of loss and injury. We're all aware of the costs of medical care and the impact of being suddenly disabled but all too often we're blissfully ignorant of the gaps between medical insurance and long term employee benefits. Our Accident and Health division at SHA specialises in helping brokers manage these gaps, ensuring that when tragedy strikes, financial security is the last thing anyone needs to worry about.
For more info contact Dave@sha.co.za
The Pocket Underwriter can be found at pocketunderwriter.co.za.
It is a broker sales tool that facilitates discussions with policyholders about specialist insurance such as:
- Broadform Liability
- Directors and Officers Liability
- Employment Practices Liabilty
- Personal Accident
- Professional Indemnity
- Cyber Liability
and many others.
Simon Colman interviews head of commercial liability at SHA, Wayne Griffiths, about liability insurance.
The video deals with the issues below (chapters begin at the times denoted in brackets):
-Legal Expenses Coverage? (0:00:54)
-Product Liability and the Consumer Protection Act? (0:01:36)
-Can you insure a defective product itself? (00:02:17)
-Why is there no defective workmanship section? (00:03:04)
-What's an aggregated limit (00:04:04)
-How much cover should I buy? (00:05:10)
-Accidental versus non accidental covers (00:05:33)
-Why SHA Liability? What's the differentiator? (00:07:08)
-USA and Canadian Jurisdiction (00:08:49)
-The advantage of broadform for exporters (00:10:38)
-When do I notify a claim? (00:11:45)
-Consequences of late notification (00:14:05)
-Why is motor liability excluded? (00:14:41)
-Why do we need the turnover figures? (00:15:27)
-Product Recall (00:16:35)
-Product Recall - Government Intervention (00:19:07)
-Product Recall Example (00:19:29)