Why business interruption insurance is a must in today’s turbulent world
Aon South Africa weighs in on why having BI insurance – and the services of a professional broker – is crucial for an organisation’s long-term survival.
Business Interruption Insurance
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Business interruption claims – Santam extends settlement process to all commercial policies
Santam announced today that it will settle valid claims for all commercial policies with contingent business interruption (CBI) extensions in addition to those covered by its Hospitality & Leisure division. This announcement impacts […]
Business interruption insurance – UK Supreme Court rules against insurers
The UK Supreme Court has upheld the judgement on the Financial Conduct Authority’s (FCA) business interruption (BI) insurance test case. This step completes the legal process for impacted policies and means that many […]
Santam to appeal BIC judgment – Proposes joint appeal with Guardrisk
Following the Cape High Court finding that Santam was liable to pay qualifying policyholders under the Business Interruption clause related to contagious diseases, the biggest insurer indicated on Friday that it would appeal […]
