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LSG Insurance

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Category Archives: News

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Covid-19, Business Interruption and Physical Damage

LSG Insurance Posted on July 20, 2020 by simonJuly 20, 2020

In South Africa and the United Kingdom, coronavirus coverage disputes are centering around the interpretation of various non-damage extensions provided under the policy’s business interruption section. In North America, both in Canada and the United States, the focus has been … Continue reading →

Directors & Officers Insurance likely to be tested..

LSG Insurance Posted on July 15, 2020 by simonJuly 15, 2020

A significant number of Directors and Officers (D&O) claims result from liquidations, companies being in financial distress, or companies being placed in business rescue. The economic fallout following the COVID-19 pandemic, combined with the impact on business operations due to … Continue reading →

Unpacking the FSCA’s mandate as a conduct regulator.

LSG Insurance Posted on July 6, 2020 by simonJuly 8, 2020

South Africa is known globally for having an efficiently run, well-regulated and stable financial services industry. And the enterprise tasked with regulating this robust sector, the Financial Services Board (FSB), was largely successful – which begs the question: why change … Continue reading →

Revised Covid-19 Direction on Health & Safety in the Workplace

LSG Insurance Posted on June 29, 2020 by simonJune 29, 2020

The Minister of Employment and Labour has issued a revised Covid-19 Direction on Health & Safety in the Workplace. The Direction applies to all workplaces except mines, ships, boats or cranes and any other workplace which is regulated by a … Continue reading →

Amended Covid-19 precautionary measures for intermediaries.

LSG Insurance Posted on June 18, 2020 by simonJune 18, 2020

Joint Communication 7 of 2020 – Amended COVID-19 precautionary measures for intermediaries The Joint Directive issued by the Authorities on 9 April 2020 under Alert Level 5 was withdrawn and replaced with Joint Communication 7, which sets out how financial … Continue reading →

Covid-19 and General Liability Insurance

LSG Insurance Posted on June 17, 2020 by simonJune 17, 2020

Everyone is feeling the effects of the COVID-19 pandemic and responding in different ways. Businesses across South Africa are rapidly implementing policies to comply with government regulations in an attempt to minimize the spread of the virus. Countless uncertainties arise … Continue reading →

4 new lockdown changes announced for South Africa

LSG Insurance Posted on June 15, 2020 by simonJune 15, 2020

The government has made a number of changes to South Africa’s level 3 lockdown regulations, with more likely on the way, Cabinet has said. It said in a media statement on Thursday (11 June), that these changes will be based … Continue reading →

5 Step road map to re-open your business

LSG Insurance Posted on June 8, 2020 by simonJune 8, 2020

How to re-open your business safely and legally Every employer will, during each of the levels of lockdown and for the foreseeable future, have to adhere to detailed occupational health and safety protocols. This means that all employers must re-examine … Continue reading →

Level 3 starts today

LSG Insurance Posted on June 1, 2020 by simonJune 1, 2020

LEVEL 3 REGULATIONS ISSUED IN TERMS OF THE DISASTER MANAGEMENT ACT The Department of Cooperative Governance has today signed off on the regulations that will be applicable when the country moves to Level 3 of lockdown on 1 June 2020. … Continue reading →

Known knowns, known unknowns and unknown unknowns

LSG Insurance Posted on May 18, 2020 by simonMay 18, 2020

Things we know we know: There are many things that we know about the coronavirus and its economic, healthcare, and social consequences. We know that the virus will put tremendous strain on both private and public healthcare systems and result … Continue reading →

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