Other business products

Stock cover

Business OUTsurance will cover loss or damage to stock kept inside the building where the damage occured because of explosion, acts of nature, bursting of geysers and water pipes, malicious damage (not theft), impact or fire - we'll even cover the fire extinguishing charges.

  • Theft cover
    This optional cover also allows you to cover your stock against theft - for either its full replacement value or on a first-loss basis.
  • Damage or theft - outside the building
    If you have stock that is designed to operate outside of the building, this optional cover ensures that you'll be properly compensated in case of damage or theft.
  • Deterioration of refrigerated stock
    You're covered for loss or damage to stock kept inside a cooling unit where mechanical or electrical breakdown caused the cooling unit to be out of order for more than 24 hours.
  • Comprehensive subsidence cover
    Receive cover when the downward movement of soil (as a result of natural shifts or human activity) caused structural damage to your property.

Documents | Frequently asked questions

Money cover

At Business OUTsurance, we'll cover your business against damage or loss of money during normal business hours. So, whether it's fire, explosion, acts of nature, bursting geysers and water pipes, theft or impact that caused the loss or damage - you're covered!

Optional business insurance products for money cover

  • Money cover - outside your usual business hours
    You will have cover for loss of or damage to money that are contained in a locked safe or strong-room inside the building, outside your usual business hours.
  • Money-in-transit cover
    We'll pay for loss or damage to money that were taken to or from the noted address by an employee or a professional money carrier.

Stock-in-transit cover

Stock-in-transit cover provides you with complete peace-of-mind, knowing that you'll be fully covered for loss or damage to your stock while it is being transported to and from the business address by one of your company's vehicles or by any of your employees. This also includes stock which is being loaded on or off the vehicle transporting the stock.

You'll even receive cover if the vehicle carrying the stock is temporarily stored (for not longer than 96 hours).

Finally, you are covered in case of malicious damage (not theft), accidental damage and also where fire, explosion or acts of nature caused loss or damage.

Optional business insurance products for stock-in-transit cover

  • Loss or damage caused by theft
    Receive cover when your stock items are damaged during theft.
  • Third party carriers
    This optional cover product is perfect in cases where a third party service provider will be responsible for transporting your stock items.
  • Countries outside South Africa
    You'll receive cover even when transporting stock via Botswana, Lesotho, Malawi, Mozambique, Namibia, Swaziland and Zimbabwe. You can also apply for extended cover to include Kenya, Tanzania, Uganda, Zambia and the DRC (all areas south of Lubumbashi).

Employee dishonesty cover

Employee dishonesty cover insures your business against loss of money or property, following acts of fraud or theft by an employee who obtains direct financial gain by these actions.

You can submit a claim up to 24 months after the date of the incident. Alternatively, if the employee has already left the company or in case your facility has been cancelled, you still have a 12 months grace period in which you can submit a claim.

Personal accident insurance

Personal accident insurance allows you to cover your business partners or employees in case of accidental death or disability, directly caused by an accident. The death or disability has to occur within 12 months of this injury.

You can either name the people you'd like to add to your facility, or you can select the relevant departments (specifying the number of people per department).

You won't need to pay an excess and you'll be insured worldwide. 

Optional personal accident cover for temporary total disability will be paid out if an employee is involved in an accident and when (because of this) he or she is unable to perform their usual duties at work.

* Personal accident insurance for individuals is also available.

Employer's liability cover

Business OUTsurance will cover damages which you are legally liable to pay following the accidental death, illness or bodily injury of an employee, and which occurred in the course of or in connection with this person's employment with you.

Watercraft insurance

If your business owns a motor boat, ski boat, jet ski or rubber duck that you are using for private purposes only - make sure to add business watercraft insurance to your existing business insurance facility. Click here for more information on this product.

Public liability cover

Public liability insurance covers damages which you are legally liable to pay following an incident which occurred in the course of or in connection with your business where you can be held legally liable following the actions of any member, partner, director, principal or employee. This insurance product covers your business in case of death, illness, or bodily injury as well as accidental loss of or damage to the property of other people.

You are covered for additional legal defense costs arising from any criminal action brought against you or any member, director, partner or employee in the course of his occupation with you. This product also includes cover in case of damages resulting from wrongful arrest, assault or defamation as well as any sudden, unforeseen and unintended pollution, contamination or seepage, including the clean-up costs.

You can also add these great optional covers:

  • Defective workmanship
    This refers to damage or bodily injury arising from any defect, error or omission in your work.
  • Defective products
    You will receive cover for damage or bodily injury caused by goods or products sold or supplied by you in connection with your business, where the incident occurs away from your business premises.
  • Internal liabilities
    This optional product will cover you for any damage caused to a vehicle which forms part of your vehicle stock and vehicles belonging to your clients through a collision on your premises or by using a mechanical hoist or lift in your vehicle service area on your premises. The legal liability where you are liable for loss of or damage caused to property belonging to other people which is not in your custody or control and accidental death, illness or bodily injury to any person, excluding members of your household, any employees or other service contract workers, caused while driving such a vehicle, will also be covered.
  • External liabilities
    Loss of or damage to a vehicle which forms part of your vehicle stock and vehicles belonging to your clients where the incident occurs away from your premises. The legal liability where you are liable for loss of or damage caused to property belonging to other people which is not in your custody or control and accidental death, illness or bodily injury to any person, excluding members of your household, any employees or other contract workers, caused while driving such a vehicle following an incident which occurs away from your premises, will also be covered.
  • Trustees liability
    This product refers to damages for which the facility holder or any associated trustees are legally liable arising from any wrongful act. A wrongful act is any actual or alleged breach of trust or duty, neglect, error, misstatement, misleading statement or omission committed by a trustee who acts in his capacity as trustee for the facility holder.
  • Veldfires liability
    Damage or bodily injury to a third party caused by the spreading of veldfires.