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Protect your business against the financial impact of violent protests or riots
Why Sasria cover on underlying assets insurance policies is essential for business owners
As South Africa reels from the financial costs of the destruction of property and assets in the wake of the #FeesMustFall protests, estimated to be in the region of R1-billion to date, Aon South Africa is advising business owners and individuals to review their assets insurance policies and ensure that they have Sasria cover included. “Without Sasria cover, businesses and private individuals caught in the cross-hairs of violent protests and riot action run the risk of significant losses,” says Hussain Bhikhoo, client manager at Aon South Africa. “Standard insurance policies available through private-sector insurers do not provide cover for damage to assets as a result of these types of events, as they are precluded from underwriting these risks. Cover is available through Sasria SOC Limited.” According to Sasria’s integrated 2016 report, Sasria received 2,262 claims in the financial year ending March 31 2016 with a total value of R729-million. During the period under review, s...
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