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South Africa: Expert highlights importance of strike-related risk cover for businesses

June 5, 2014 - 6:00am


Businesses in South Africa should consider strike-related risk coverage, given the rising occurrences of riots and strikes in the country, Cape Business News reported.

Annelie Smith, corporate executive at Risk Benefit Solutions (Pty.) Ltd., said that although businesses have short-term insurance to protect against catastrophic perils, property damage "caused both by politically and non-politically motivated acts of destruction" is excluded.

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