2016-05-11

Express Renewal (PI)

Brokers who have an agency with SHA may be able to activate “Express-Renewal” on their client’s business up to 60 days prior to renewal of the policy. Express-Renewal facilitates renewal of policies at expiring terms that fall into the following category:

  • The insured has a current Professional Indemnity policy with SHA.
  • The current annual PI premium is under R15,000 (including Vat).
  • The insured’s professional business description has not changed since the previous renewal and is correct as per the expiring policy schedule
  • The fee income of the business did not exceed R10,000,000 for the current year
  • The fee income did not increase or decrease by more than 35% over the past 12 months
  • No claims have been incurred in the past 12 months.
The benefits of Express-Renewal:
  • No proposal forms
  • Premiums remain static, effectively beating inflation
  • Easy access to D&O, Cyber, Gradual Pollution, Public Liability and Personal Accident cover at nominal additional premiums without lengthy forms (see below)
Wider covers available through Express-Renewal:

You can download a pdf version of the additional covers here.

You can download a pdf version of the additional covers here.

Apply for Express Renewal

You can download a hardcopy of this form to complete offline here

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