LVA Insurance Brokers - Short Term Insurance,Personal Lines Insurance,Commercial Insurance,Fuel Station & Retail Service Industry,Fuel Guarantees,Spec

By: Lva Insurance Brokers  11-11-2011

This is cover for all assets belonging to an individual in their personal capacity. It consists of the following sections:

Domestic Buildings – Cover for loss, damage or destruction to the insured residence. Household Contents – Cover for household goods, personal effects or possessions which are kept at the Insured premises. All risks – Cover for personal items or effects designed to be carried on or about the person. Motor – Comprehensive or Third Party Cover for vehicles owned by the Insured. Motorcycle, Trailer, Caravan, Watercraft – Comprehensive cover for these items. Personal Accident – Cover for bodily injury as a result of violent, accidental, external and visible means. Sum insured will be paid provided cause of death or permanent disablement is as a direct result of the injury and has occurred within 24 months of such injury. Personal Liability – Cover for compensation that the Insured is liable to pay as a result of accidental death, bodily injury or illness to third party property or person.

This is cover for all assets and exposures belonging to a commercial or corporate enterprise. This includes cover for the following:

Fire – Cover for damage to whole or part of the building as a result of Fire, Lightning, Explosion and additional Perils as selected. Buildings Combined – Cover for damage to the building described in the schedule by the perils described. Office Contents – Cover for loss of or damage to the contents of an office. Business Interruption – Cover for loss following the interruption of business as a consequence of damage occurring under another section. Accounts Receivable – Cover for loss or damage as a result of accident or misfortune to the Insured’s books of account. Theft – Loss of or damage to all contents of any insured building as a result of theft accompanied by forcible and violent entry into or exit from the premises. Money Section – Cover for loss of or damage to money or negotiable instruments. Glass Section – Cover for loss or damage to internal or external Glass Fidelity – Cover for loss of money or direct financial loss as a result of the fraud or dishonesty of an employee. Goods in Transit – Cover for loss or damage to whole or part of the property described in the schedule in the course of transit. Business All Risks – Cover for loss or damage to the whole or part of the item described in the schedule. Accidental Damage – Cover for accidental physical loss of or damage to the Insured Property. Public Liability – Cover for damages which the Insured is legally liable to pay following accidental death, injury, illness or damage to third party person or property. Stated Benefits – Cover for bodily injury caused by accidental, violent, external and visible means to any principal, partner, director or employee of the Insured. Employers Liability – Cover for damages which the Insured is legally liable to pay following death, injury or illness to any person employed by the Insured. Group Personal Accident – Cover for bodily injury caused by accidental, violent, external and visible means to any principal, partner, director or employee of the Insured. Motor Section – Cover for loss or damage to any vehicle described in the schedule and its accessories and spare parts whilst thereon. Electronic Equipment Section – Cover for physical loss of or damage to the property insured and described in the schedule. Motor Traders – Loss of or damage to the Insured’s vehicle and its accessories and spare parts whilst thereon whilst on the insured premises (Internal). External Motor Traders covers the vehicle whilst been used in the course of the Insured’s business whilst on the road, temporarily garaged or towed.

Contractors All Risks – Cover for building, civil and mechanical engineering projects against risks of damage during construction and erection. This also covers Third Party Liability Risks.

Plant All Risks – This section provides cover for primarily mobile construction plant & machinery against risks of external damage, theft and accidents on site. It covers accidental physical loss or damage to Insured property as described in the schedule. Electronic Equipment – This section provides cover for electronic / computer equipment against risks of external damage, breakdown and theft. Loss of profit as a result of machine downtime may be covered.
HOSPITALITY AND ADD ON BENEFITS

Hospitality Products provide specialised cover for businesses in the hospitality industry. A package can be tailored to suit a specific business type which makes this product flexible and adaptable to any requirement. The following sections may also be included:

Claims Preparation Costs, Property Protection Costs, Trauma Counselling, Third Party Emergency Assistance, Guests Effects Cover and Deterioration of Stock. Other Add ons available on all policies at a nominal cost are the following: Road Cover: Covers you in the event you have a potential claim against the Road Accident Fund. Legal Assist: A legal advice helpline manned by qualified and registered attorneys equipped to provide sound legal advise within South Africa. Emergency Home Assistance: Designed to assist you with household emergencies such as burst geysers and offers a 24 hour service line. Roadside Assistance – Assistance with Towing and other on road emergency services.
SPECIALIST LIABILITY COVER

Public Liability – Cover for damages which the Insured will become legally liable for following accidental death, bodily injury and illness to any person or damage to tangible property occurring in the course of or in connection with the business.

Personal Liability – Cover for compensation you are legally liable to pay in respect of accidental death, bodily injury, illness, accidental loss or damage to property or person during the course of Insurance. Contractors Liability – Indemnity for the Insured against all sums which the Insured shall become legally liable to pay in respect of death or injury or illness to any person. Also includes loss of or damage to property as a result of an accident arising out of or in connection with the performance of the contract. Employers Liability – Cover for loss, illness or injury for employees of the company. Various additional Liability Covers available such as Product Guarantee, Products inefficacy etc.
SELF FUNDING AND ALTERNATIVE RISK TRANSFER

A self-funding scheme is an innovative way of reducing the costs associated with conventional insurance. There are various ways of achieving this through self-funding:

  • Per loss and aggregate deductibles
  • Alternative Risk Transfer Techniques
  • Cell Captives: Formal & Informal
  • Other Programmes

Many advantages can be enjoyed by converting to this means of insurance:

  • Lower Premiums
  • Interest from funds accrue to the policyholder
  • Premium costs are not manipulated by other peoples claims
  • There is a strong incentive to reduce claims and employ effective risk management strategies
  • Claims are settled quickly with no disagreement regarding settlement.
  • Any profit from the fund accrues to the policyholder

In addition, we compile detailed risk profiles in order to implement effective risk management measures necessary to support and ensure the success of the self-funding methods.

Tailor made, all encompassing cover for all farming specific exposures as well as conventional cover. All farm vehicles, implements and activities can be covered under this policy as well as conventional Houseowners and Household Contents Cover. Additional cover such as Accidental Spread of Fire and Harvestor/Tractor Tyre Cover may be included.

SPECIALIST FORECOURT PLUS POLICY

This is an insurance solution for all service stations, Dealerships, Car Washes, Service Centres, Convenience Shops and all other Retail Industry Risks.

The Forecourt Plus Product is driven by an emphasis on Risk Management due to the nature of the industry. We offer the following additional benefits: 1. Fire Section
  • Fuel Leakage Extension which covers damage caused by the escape of fuel from petrol pumps or underground petrol storage tanks
  • Subsidence & Landslip in respect of fuel in underground tanks
  • Loss or damage to stock in refrigeration and cooling units.
  • Fuel Contamination by the ingress of water into underground tanks.

2. Money Section

  • All risk cover on the premises and in transit to the bank
  • Personal Accident / Death / Permanent Disability for 4 employees
  • Cover for Phone cards
  • Cover for Petrol Price Increases
  • Cover in respect of cash kept in cash registers
  • Fraudulent use of credit cards
  • Customer absconding before payment

3. Public Liability

  • Products Liability
  • Defective Workmanship in Workshop and Forecourt
  • Food Poisoning
  • Legal Defence Costs / Wrongful Arrest
  • Contamination & Pollution

The Incorrect Fuel Extension will indemnify the Insured in respect of dispensing the incorrect fuel into a customers vehicle up to a maximum of R5 000 in the following way:

  • Cover for the cost of draining fuel from the fuel tank
  • Cover for the cost of cleaning the fuel tank, fuel lines and engine
  • Cover for the cost of replacing the fuel already paid for
  • Cover for emergency costs incurred by the customer including overnight accommodation and car hire.


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