LSG Insurance

We offer a wide range of products not restricted to one segment of the industry, but designed for various types of establishments, including B&B, Guesthouse, lodges, boutique brands, golf clubs, restaurants and conference centres.

This product complies with the requirement of the Sectional Title Act and provides trustees with complete peace of mind. Many additional and unique complementary benefits are automatically included.

We offer niche insurance product and provide a risk management solution through various local and international providers.

Cover for buildings provided on an all risks basis, covers accidental loss, damage or destruction and is available to all residential, commercial and industrial buildings.

Commercial insurance aimed at sole proprietors, SME’s and large corporate’s. Over 20 sections to choose from. (more detail on sections available can be found on the commercial sure tab)

Contract Works [CAR] – comprehensive all risk cover for the erection of anything from private houses to major projects.

Placing liquidation bonds of security. We have facilities to arrange capacity for large estates.

Trade Credit Insurance covering clients against one or more of their customers failing to pay for goods sold/delivered or services rendered.

Cyber Liability, Crisis Management and notification expenses, data recovery and business interruption, Cyber Extortion and Digital Media Liability.

Addresses personal liability need of directors and is aligned to the Companies Act 71 of 2008. Allows you to choose between essential peace of mind or enhanced cover through optional extensions.

Damage which the insured shall be legally liable for following death of or bodily injury to or illness of any person employed under a contract of service or apprenticeship with the insured which occurred in the course of and in connection with such person’s employment by the insured.

The Compensation for Occupational Injuries and Diseases Act No 130 of 1993 (COID Act) has eliminated the common law right of an employee to sue his/her employer for injury or diseases that arise in the work place as a result of an accident. However this does not mean that there is no chance of an employer being sued.

• COIDA only covers accidents. If an employee was injured as a result of the wilful act of another employee COIDA might not respond;
• COIDA may yet be found to be a breach of a person’s constitutional right to fair compensation for loss since COIDA’s compensation payments are very limited;
• It is also worth remembering that COIDA does not cover any worker who:
  1. Is employed outside of South Africa for a continued period of 12 months or longer;
  2. Is ordinarily employed outside of South Africa and has an accident while temporarily working is South Africa;
  3. Refuses or wilfully neglects medical treatment

Cover for an abandoned or cancelled event. Typically, events are cancelled as a result of natural disasters, fire and explosion, technical defects, government intervention or non-appearance of a specific artist.

Cover for all types of events arranged by an event’s organiser. Event liability covers what the insured would legally be liable to pay should someone accidently die or sustain bodily injury or illness.

Covers gap between medical aid payment and actual medical service provider cost in addition to Co-Payments.

Land, sea and air – we’ve got you covered, providing wider, flexible cover for all you marine insurance needs. Whether it’s marine cargo, goods in transit, marine hull or marine liabilities.

We offer a comprehensive range of health insurance products to address the risks of shortfalls in medical benefits following an accident or illness.

Heavy commercial vehicle products are developed and administered by a division which is dedicated to commercial trucking and transportation.

Land, sea and air – we’ve got you covered, providing wider, flexible cover for all you marine insurance needs. Whether it’s marine cargo, goods in transit, marine hull or marine liabilities.

Comprehensive business insurance for all classes of the motor trade.

Tailor-made products for individuals and/or groups for residential properties, contents, vehicles and much more.

Professional liability insurance is to protect the professional man or women against legal liability claims for loss or damage sustained as a result of his or her own professional negligence and that of his/her employees in the conduct of his/her business.

In our law, a professional person can be sued in delict and professional negligence is referred to as the negligence and accountability of an expert.

There are policy wordings suited to a wide range of professions, and special tailored policies for specific provisions. A standard wording might cover:

• Breach of duty of care occasioned by any neglect, error or omission on the part of the insured, any employee, any agent, the predecessors, or any other person, firm or company acting jointly with the insured;
• Defamation;
• Loss or damage to documents;
• Compensation for court appearance;
• Other costs incurred with the insurer’s consent;

Almost always professional liability cover is on the ‘claims made’ and not the ‘occurrence’ basis. Provided the claim is made during the period of insurance, it does not matter when the actual act or omission (the occurrence) took place.

Delict – Violation of a Law

Damages which the insured shall be legally liable for following accidental:

• Death, bodily injury to, or illness of any person; or
• Accidental loss of or physical damage to tangible property, in the course of or in connection with the business.

Some common extensions to Public Liability cover would be:

1. Products Liability;
2. Defective workmanship liability;
3. Legal defence costs;
4. Wrongful arrest and defamation;

For liability insurance, special wordings are developed to meet individual circumstances. Damages are dependent upon the insured being legally liable to pay. The liability policy is not a form of All Risks cover, covering anything which may go wrong or to pay out in cases where merely a moral responsibility is thought to exist.

Various covers available for specialist domestic and commercial insurance; buildings, contents, vehicles, art, jewellery, shortfalls, 4×4’s and more.