As promised last week, we would like to explore the liability insurance covers further, and today we will start with Workman Compensation Insurance. Why is Workmen Compensation Insurance compulsory? Over 130 countries, including Lesotho, have compulsory workmen’s compensation programmes. In most of the cases, it is a public scheme backed...
What is Liability Risk? It arises from any action obliging someone to pay compensation for another person’s loss. This stems from a breach of some legal obligation, usually following a negligent act. Accordingly, liability rules, especially those formulated in delict or the law of tort, aim to achieve two...
The COVID-19 pandemic has affected many businesses in many different ways, therefore talking about savings is relevant in these trying times.  If you are not happy with paying expensive premiums, then read on or pass it on to your company's insurance buyer. The right Insurance coverage is an intergral part of...
By Amon Rupiya There is nothing as frustrating as failing to get your claim paid by your insurance policy. This is usually as a result of the submission of inadequate information submitted, errors, policy exclusions, policy exceptions, breach of policy conditions and non-compliance with the policy warranties. The consequences are catastrophic...