Motor Insurance

  • Specified Motor

Generally our insurance packages include your commercial motor vehicles providing you insure your static asset risk as well (e.g. Buildings, Contents etc). That said, we are able to broker motor risks without the static risk, subject to the risk profile meeting certain predetermined underwriting criteria

  • Motor Traders

Businesses which have motor vehicle stock (typically motor dealers) or who have customers vehicles in their custody/control are unable to list these vehicles under a normal motor policy as the unregistered vehicles change on a constant basis or the vehicles are owned by the customer. A Motor Traders policy covers these situations including a wide range of other risks, such as the liability and demonstration risk

  • Motor Fleets

We are proficient in designing bespoke motor fleet insurance solutions for businesses which own 20 or more motor vehicles. These policies automatically cover vehicles according to vehicle type (e.g. private, commercial, trucks etc), cover type (Comprehensive, Balance of Third Party Fire & Theft or Third Party only) up to preset sums insured. The advantage, in addition to automatic cover, is premium economy based on your risk profile.

  • Motor Funds

Motor Funds (also termed Aggregate Excess policies) cater for clients who have in excess of 20 vehicles and are willing to accept an excess (normally a minimum of R100 000)  in return for a reduced motor premium. Insurers only pay accident and theft claims (third party claims do not form part of the excess and are covered 100% from ground-up) once this excess has been exhausted or the amount of a single claim exceeds a predetermined sum insured threshold (normally called the "Stop Loss" limit)

Please contact Chadwicks should you be interested in a quote or more advice on your commercial motor risk, including motor risk management

 
 

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Newsroom

Strict Product Liability on the cards

2009-06-24

The new Consumer Protection Bill, which has now been enacted, will have far reaching consequences for South African business in that Section 68 imposes Strict Liability on producers, distributors or suppliers to supply or manufacture goods free of defect...  


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Late Claim Notification may mean "No Claim"

2009-03-30

The rule of thumb to avoid falling victim to a claim denied on the basis of Late Notification is to notify your insurer and /or broker of any event that may give rise to a claim, no matter how small or trivial the event may seem. Rather let your insurers take whatever action they deem fit – this is after all why you pay them insurance premiums

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