What happens if my business is above the SME threshold?
If the insured's business has a turnover above R50m per annum or requires more than the maximum limits and sub-limits available, our Specialist Liability solution will cover the insured's needs.
Can I add D&O to my Evo Liability policy without taking the other covers?
Our Pocket Underwriter system will alert you (the broker) if a particular cover is dependent on another cover also being selected. In the case of Directors and Officers (D&O) liability, no other cover is necessary.
Why is Personal Accident cover available in Evo Liability?
It is unusual to have a liability policy with GPA cover, however, at the time of developing the policy, we realised many employers were under the impression that the employers' liability section of their policy responds to employee injury claims. This is not the case, as Compensation for Occupational Injuries and Diseases (COID) remains the only option outside of the Personal Accident scope to claim for injuries. The COID legislation makes it virtually impossible for employees to sue an employer for injuries.
We wanted to offer employers an additional cover option for injuries to staff to supplement the protection provided by the Compensation for Occupational Injuries and Diseases (COID) fund.
Is the cyber cover in Evo liability the same as standalone cyber cover?
Cyber insurance policies generally provide a combination of first- and third-party insurance coverage. Some businesses have more liability exposure, especially if they store confidential personal information. The Evo Liability Cyber cover only provides third-party liability coverage. For comprehensive cyber cover, talk to our Specialist Cyber team.