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Garrun Assist App

The Garrun Group has launched a mobile application for iPhone users and other iOS and Android Devices.

Specialised Liability

It is important to have liability cover if you are in certain professional vocations or when you own a business. Specialised liability insurance includes cover for professional negligence, employee dishonesty and other vulnerabilities where you or your business may be legally vulnerable. This cover includes protection against litigation arising as a result of the Consumer Protection Act. 

Products Liability

It is critical for manufacturers, distributors, suppliers and retailers to have products liability insurance as they could potentially be held responsible for injuries caused by the products they manufacture, distribute or sell. Products liability cover is designed to protect these businesses against claims arising from the use, handling or consumption of your product.

Defective Workmanship

If your business repairs, maintains or works on property that doesn't belong to them, you need defective workmanship insurance. Unfortunately, everyone can make a mistake and if your mistake causes injury to your client or damage to their property, you will be held responsible. Defective workmanship insurance is a sensible way to ensure your business's survival.

Directors' and Officers' Liability Insurance

The insurance provided under this policy covers the company's directors, officers and managers in case they need to face legal action in their personal capacity for actions and decisions they made on behalf of the company. Directors and officers liability insurance covers individual members through advancing legal costs plus indemnification against certain costs for which they may be held personally responsible; thereby protecting their personal assets. This policy is a company paid insurance policy, with the insured persons being its members. The company itself is excluded from this cover. Stakeholders that could hold company management liable for bad decisions are: creditors, shareholders, customers, employees, SARS, state authorities and suppliers, etc.

Product Recall

This insurance covers the costs incurred to recall a product from the market. Product recall insurance is typically purchased by manufacturers such as food and beverage, toy and electronics companies to cover costs such as customer notification, shipping costs and disposal costs. Coverage generally applies to the firm itself, though additional coverage can be purchased to cover the costs of third parties. Product recalls can be involuntary when they are requested by a regulatory agency or the government, or it can be initiated by the company itself upon discovery of a problem with a specific product. In both instances, it has the potential to be a very costly exercise for the company.

Employment Practices Liability Insurance

The insurance cover provided by this policy covers employer's legal expenses, awards, out of court settlements and back pay following a reinstatement order made against it by the CCMA, Bargaining Councils and Labour Court for unfair labour practices such as unfair dismissal, discrimination, sexual harassment and failure to employ. The labour force in South Africa is possibly the most litigious community in the world. Employees have access to an efficient and inexpensive system to sue employers while employers are at the mercy of labour legislation and inconsistent decision-making processes at the dispute resolution platforms. Claims can be made against the company by past, current, permanent and temporary employees. Job applicants and contractors who claim to be employees may also be included.

Cyber Liability Insurance

Specialised Insurance that provides cover for the severe consequences of a cyber attack. The existence of the ever increasing cyber threath has spawned a Cyber Liability Insurance policy.  This fast evolving insurance product is becoming increasingly relevant to any business that uses computer equipment and the internet. Note that this insuance option would only be part of a holistic approach in assessing your cyber exposures.

*Note that the descriptions contained herein are not exhaustive, are subject to the product supplier's terms and conditions and, in addition, may vary depending on the needs of each client.


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