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Close Email this article Sponsored by Close Article Enquiry Webber Wentzel's exceptional insurance expertise receives Chambers Global Band 1 ranking Embed VideoPopup VideoInstagram Chambers Global 2023 Band 1 ranking positions Webber Wentzel's insurance team as a leader in the South African insurance practice group. Webber Wentzel's insurance team has been recognised in Chambers Global 2023 Band 1 ranking, establishing the practice group as a market leader in South Africa.
Businesses seeking to recover losses from the damage caused by recent riots and looting need to act promptly in filing claims with the South African Special Risk Insurance Association (Sasria). All-risk property insurance policies protect the assets of a business against the risk of physical loss or damage from certain perils and the consequential financial loss to the business. But these policies do not cover damage caused by vandalism, riots, public disorder, and civil commotion.
After the likely spike in insurance claims arising from the COVID-19 pandemic, insurers are likely to introduce new or change existing exclusionary clauses which were not previously considered to be necessary. The rapid spread and potential damage of the coronavirus presents an extraordinary situation for governments, businesses and individuals. The coronavirus is twice as contagious as ordinary flu, but mortality associated with the virus is 20 times higher.
The recent tragic drowning of a Parktown Boys’ High School pupil on a school adventure outing has highlighted the public’s need to understand the purpose and significance of indemnity forms, which are used often, in a range of circumstances, from parking garages to adventure sports. SA law recognises the validity of indemnity clauses, but they may be challenged under certain circumstances. There is a distinction between an indemnity form and a disclaimer notice.
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