The Western Cape High Court’s judgment that Santam is liable to pay for business interruption losses related to the Covid-19 lockdown brings to mind the adage: “Insurance companies are happy to lend you an umbrella when the sun is shining but are likely to demand it back as soon as it rains.”

It’s quite ironic that Santam’s corporate logo is a yellow umbrella!..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.