In January 2016, SHA announced that it would be launching its Evolution liability product.
The offering could see the end of broadform liability insurance coverage as it is currently known in South Africa. The new policy is primarily aimed at the small to medium sized business sector and is available exclusively through SHA’s network of brokers across South Africa.
The new policy acknowledges that whilst broadform liability coverage is still very effective, many brokers complain that they have to have separate policies to cover some of the more specialised exposures.
Evolution combines traditional broadform liability with the following covers:
- Directors and officers
- Professional Indemnity
- Accident and Health
- Employment Practices
- Cyber Liability
- Gradual Pollution
- Product Recall and Guarantee
- and more….