Commercial
INSURANCE
Insuring your business can be complex and daunting with so many different aspects to cover. That’s where we come in with our expert advice. We will guide you through setting up the best policy that best meets your individual needs and requirements. We are able to place many specialist covers and hold agencies with major underwriters in South Africa giving us unparalleled flexibility to craft a policy to suit your needs.
Broadform Liability
Our Broadform Liability on a non-accidental basis is much wider than the standard public liability cover, with extensions.
Show More
These extensions include cover for product liability and product inefficacy, errors and omissions, statutory defence cover and industry specific covers, like custody and control and warehousing. This is a comprehensive cover to the risks experienced by most businesses.
Cyber Liability
Nowadays it takes more than just powerful firewalls and anti-virus tech to protect your business from Cyber Liability.
Show More
The ramifications of a cyber-attack on your business could be severely detrimental to its operations, which is why we’ve developed comprehensive cover for your business. Our cover is broad and vast, and extends from technology and multimedia liability to data recovery & loss of business income, as well as crisis management costs.
Commercial Crime
Don’t become a Commercial Crime statistic. Billions of Rands are lost every year at the hands of Commercial Crime.
Show More
Traditional Fidelity Guarantee policies don’t provide adequate protection from employee fraud, embezzlement, corruption, money laundering, computer fraud, extortion and contractual penalties. Our policy provides comprehensive cover for all these.
Tax Risk
The South African Revenue Services (SARS) have been raising the standard when it comes to tax collection. The financial downtrend, combined with a systematic increase in government spending has resulted in a rather large shortfall, and SARS is driving hard to collect additional revenue.
Show More
Linked to this trend is the fact that SARS have been given additional legislative powers to achieve tax collection objectives. In addition, The South Africa Government has introduced new legislation, the Tax Administration Act of 2012, which has given SARS draconian powers with potentially serious consequences for taxpayers.
Unfortunately it’s not only the few tax offenders who wilfully underpay their taxes who are being targeted by SARS, but also the thousands of decent, law abiding taxpayers. Even if you believe, like most people, that your taxes are up to date and accurate, SARS can still select you for audit.
It is with this in mind that a tax risk insurance product has been created to protect you, the taxpayer, against the risks associated with tax audits from SARS. Tax risk insurance will appoint and pay for a team of top tax professionals if you or your business is selected for audit, giving you the peace of mind in having some of South Africa’s leading tax experts on your side when you need it most.
What we cover:
If you are selected for a SARS tax audit, we will appoint and pay for the team of tax professionals who will defend you. This may include Accountants, Tax Attorneys, Auditors, Tax Specialists and other Tax Advisors as may be required, to ensure a fair audit outcome. If you already have an accountant, he/she will become a central part of the team.
We will provide cover in the following matters:
- Income tax audits
- VAT
- Employees tax audits
- Capital gains tax audits
- Dispute resolution hearings and appeals to the Tax Board and the Tax Court
Pollution Liability
The consequences of a pollution incident are severe, not only in the form of serious fines and penalties for your business, but also for the surrounding environment and community involved. From reputation to responsibility, the ripple effects of damage can take years to resolve.
Show More
Our environmental experts know exactly how to handle every detail to facilitate the management, emergency response, ecological restoration and public relations protocol to ensure your business and the environment survive. If you’re a responsible business, we’re the expert you can trust to responsibly cover you.
What we cover:
We cover all forms of industries from trucks and filling stations to airports and mines. Our cover includes sudden and accidental risks as well as gradual pollution, even for existing conditions, with four bespoke offerings:
- Tanksafe: for filling stations, depots and industrial properties.
- Trucksafe: for hazardous or non-hazardous goods in transit.
- Sitesafe: for landfill sites, mines, chemical plants and pipelines.
- Propsafe: de-risking M&A deals that involve potentially-polluted property.
Employment Practices Liability (EPL)
In response to the escalation in employment-related litigation and the inherent financial risk to businesses, our Employment Practices Liability Insurance (EPL) provides comprehensive coverage for employment-related claims, such as wrongful termination of employment, sexual harassment and discrimination.
Professional Indemnity
Negligence and errors happen in business, despite our best intentions.
Our Professional Liability covers you no matter what type of advice, design or area of occupation errors and omissions can occur.
Show More
If professionals in a particular profession give advice or a service that is negligent, they could be held legally liable for the results thereof. This could be because of a breach of duty of care or a breach of contract. Our policy can cover you in the event of breach of professional duty or a breach of trust committed in good faith.
Directors and Officers Liability
Our Directors and Officers Liability covers past, present and future directors, officers, prescribed officers, shareholders, stakeholders and employees acting in a managerial or supervisory capacity.
Show More
This cover is used following an allegation of a wrongful act, including (but not limited to) error, misstatement, act or omission, negligence and breach of duty and it covers awards, legal defence costs and investigation costs.
Are You covered?
It takes more than just powerful firewalls and anti-virus tech to protect your business from Cyber Liability. We’ve developed comprehensive cover for your online business. Our cover is broad and extends from technology and multimedia liability to data recovery & loss of business income.
Goods in Transit Insurance
Our Goods in Transit Insurance covers the transport of any business goods, products or belongings, that are transported by land. This would be of particular interest to courier companies, manufactures or simply any business that needs to move stock from one location to the next.
Agricultural Insurance
Agriculture is a business that is fast evolving and is a complex industry that requires an insight-driven insurance partner to help you navigate it’s everchanging landscape. We’re well equipped to provide farmers with a combined policy covering your risks in a single policy.
Contractors All Risks
Whether it’s for a specific project or Annual Blanket Cover, Coleman Insurance’s Contractors All Risks policies are designed to ensure that all your needs as a contractor are met. We have extensive experience in this industry and are able to offer expert advice to all our clients in all aspects of this cover.
Plant All Risks
We have specialist engineering underwriters to insure your construction plant, mobile plant and equipment. These covers encompass loss or damage to plant from any cause during storage, transit, on the contract site and whilst under use as a tool of trade. There are various extensions to this policy that are available, including machinery breakdown, whilst underground, hiring costs and legal liability.
Hospitality Insurance
Your hospitality business depends on heads on pillows and a consistent churn of customers. Our Hospitality Insurance coverage will aid you in continuing to serve your customers and also help you bounce back as quickly as possible should your business be compromised. With industry specific covers and benefits, our hospitality policies far outclass traditional insurance covers.
Commercial Policy
Insuring your business can be complex and daunting with so many different aspects to cover. That’s where we come in with our expert advice. We will guide you through setting up the best policy that best meets your individual needs and requirements. We are able to place many specialist covers and hold agencies with major underwriters in South Africa giving us unparalleled flexibility to craft a policy to suit your needs.
