By: Sureport Risk Solutions  11-11-2011
Keywords: Insurance, Financial Services, Short term insurance

Sureport Risk Solutions CC was established in 2007 and is accredited by the Financial Services Board as an authorised Financial Services Provider. Sureport provides an array of comprehensive Short Term Insurance products to the South African market.

Sureport provides domestic and personal insurance tailored to suit the specific needs of clients. Sureport arranges effective and adequate cover by providing the following products:

  • Personal Insurance (Personal effects and possessions including that of any family member)
  • Household Insurance (Moveable household goods, accidental damage)
  • All Risks
  • Home Owners Insurance (Buildings for fire, lightning, storm damage, loss of rent, loss of water through leakage, demolition etc.)
  • Personal Accident Insurance
  • Motor Vehicle Insurance
  • Small Craft Insurance (eg private boats, jet skis)
  • Trailer Insurance
  • Motorcycle Insurance
  • Electronic Equipment Insurance
  • Personal Legal Liability

Commercial / Corporate Insurance Having adequate business insurance for specific business risks is critical. Sureport has business insurance expertise to advise clients and recommend appropriate insurance cover. Our recommendations take into account the size of the business, operations of the business, environment or sector in which the business operates and most importantly, affordability.

  • Commercial Policy for small and large businesses
  • Driving School Instructor Policy
  • Commercial Vehicles Policy - heavy, medium and light delivery vehicles
  • Trailers

Taxi and Executive Cabs Insurance Programmes
Public transport in South Africa is a critical area of service delivery. Minibus taxis and executive cabs provide 70% of the capacity of public transport trips in the metropolitan areas throughout South Africa.

  • With the 2010 FIFA World Cup, the Government implemented legislation to increase the minimum level of cover for passenger liability cover to R10 million.
  • Sureport in collaboration with Clarendon Transport Underwriters (CTU) devised an innovative scheme for the Minibus/ Taxi Service Providers, Executive Cabs and Tours and Transfer Shuttle Services.

Executive Fleet Insurance

  • Comprehensive Cover
  • Passenger Liability
  • Third Party Liability
  • Personal Accident Cover

Insurance is a significant cost for most organizations and managing its growth and benefit can provide an organization with strategic advantages. A captive Insurance Company can be one approach for controlling an organization’s insurance costs.

This happens when an organization chooses protection against losses by setting aside funds from earnings as opposed to buying an insurance policy. This form of insurance is normally advisable when self- funding for possible losses is less costly that conventional insurance cover.

Recently, many companies have chosen to self- insure by owning a class of shares (cell) in special purpose vehicle insurance company (cell captive). The cell captive insurance concept is designed to bring free choice to the insured party allowing it to choose the most suitable cover to match its risk profile, and giving it the freedom to finance that risk utilizing non-conventional, flexible and more profitable self-insurance style structures.

With our expert knowledge we can help clients and their organisations to set up this programme.

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attacks from an adversary. Sureport advises on strategies to manage the above mentioned risks including transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk.

Insurance Specialised Programmes

  • Taxi and Executive Cabs Insurance Programmes
  • Cell Captive Programmes
  • Executive Fleet Insurance
  • Excess Buy-Back Insurance

Keywords: Corporate Insurance, Financial Services, Financial Services Board, Insurance, Insurance Products, Personal Insurance, Short term insurance, taxi, Term Insurance

Contact Sureport Risk Solutions

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