Inexpro Brokers

28/04/2020

To all our Personal and Commercial clients that paid their April premiums, expect a little something extra next month.

02/04/2020

Now is the perfect time to review your current Insurance policy. Our Brokers are available to assist you and maybe they can even reduce your monthly premiums.

19/03/2020

Read this article regarding Insurance claims and COVID19.
Feel free to be in contact with any of the Inexpro Brokers if you have questions or concerns

Insurance claims and COVID-19 In the Financial Institutions Legal Snapshot, Donald Dinnie, Director at Norton Rose Fulbright South Africa, shared some commentary regarding insurance claims and COVID-19. http://bit.ly/3d8eitc Norton Rose Fulbright South Africa

12/03/2020

Internet use has become a daily practice in most businesses, it has become an essential business tool. Cyber and Data breaches are increasing, in occurrence as well as severity. Breaches includes amongst others loss, misuse and selling of data. The perception is that only large corporations are targeted, but the contrary is true. In a 2019 study, Kaspersky reported that 43% of data breaches was at small businesses and 65% of these breaches was discovered after the fact. The study also found that 71% of breaches are financial and 25% was related to theft or espionage.

Here are some tips to protect yourself:
• Get a proper Anti-Virus, not a free version
• Encrypt your data
• Enable automatic updates or check regularly if updates are available
• Train staff to be aware of threats
• Periodically backup data
• Do not open links in emails from unknown sources or emails from contacts that looks suspicious
• Partner with a dedicated cyber security firm
• Lastly, take out a Cyber security policy.

A Cyber Risk Cover policy is your safety net in case of a breach. Amongst others, it offers to indemnify the insured against:
• Technology & miscellaneous Error & Omissions
• Multimedia liability
• Security & privacy liability
• Data recovery & loss of business income
• Privacy regulatory defense & penalties
• Crisis management costs, including customer notification, support and credit monitoring expenses
• Data extortion cover for ransomware
• Cover for claims by 3rd party for breaches the insured failed to prevent

18/02/2020

Some tips to survive loadshedding

26/11/2019

Intermediaries offer valuable advice to ensure you get the best cover for your business

Insurance good and proper

19/11/2019

Don't let the claiming process get you down 😂

18/10/2019

We are at Thyme Pop Up Market Day in Plattekloof. Please come have a look!

09/09/2019

Professionals providing services such as consulting, design, advice and many more, may be exposed to litigation if a third party incurred damages or suffer a loss as a result of negligence. Whether you are independent or part of an organization, the risk might be unavoidable.
Professional Indemnity, or PI cover in short, provides protection that might save your brand and maintain your financial wellbeing in the aftermath of a claim.
We offer the full range of professionals including, but not limited to, Accountants, Architects, Attorneys, Consulting Engineers, Designers, Insurance Intermediaries, Project Managers and Quantity Surveyors. Cover for Corporates which render professional services is also available, including emerging professions such as BEE Verification Companies and Tech Companies

06/06/2019

Principle of Averaging
Even though this term might sound foreign, if you have an insurance policy, you are affected by this.
The principle of averaging comes into effect when you are over or under insured. Say for instance your household goods are insured for R250,000 but in actual fact it is worth R500,000, an average amount will be paid out. Because you were only insured for half the value that your goods are worth, only half of your claim will be paid out.
To avoid this from happening, approach a professional to value your property or contents.

29/05/2019

Money
We could all use a million.
Because money makes the world go round and everybody would like to get their hands on it, there are many crimes that involve money.
If you have a business that deals with money, cheques or any other negotiable instrument, it would be wise to include the Money Section under your Business policy. The Money section not only protects the currency, but also if money is stolen from your bank account. In addition to the money, you are also covered when you have to replace safes and locks and if you or an employee is physically harmed.
As for crypto currency, that’s a whole different story…