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Reprints
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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3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms