RISK MANAGEMENT PRODUCTS & SERVICES

Frequently Asked Questions

You do not need to purchase premiums every year, you determine your own insurance structure. Premiums can be purchased as and when additional cover is required

Yes, all policy payments made and received by our clients are subject to VAT.

The Insured is rewarded for good risk management and can share in underwriting profits.

The policy indemnity limit is 120% of the premium purchased. Talk to us if you require more than 120% risk cover.

Corporate Guarantee uses the Standard Business Policy guidelines as the basis for its policy document. Risks not mentioned in the policy document will be considered at Corporate Guarantee’s discretion.

All our charges are up-front and transparent. If you need us to issue a guarantee to a third party, we charge a fee of 2,5% of the guarantee value. There are no cancellation, renewal or monthly fees. There is also no application or administration fee to make use of the loan facility.

Yes, guarantees can be issued by using the Contingency Policy as security. If you need us to issue a guarantee to a third party, we charge a fee of 2,5% of the guarantee value.

The insured may cancel the Contingency Policy at any time, subject to a 30-day notice period.

You can pay via debit order or EFT on a monthly, quarterly, or six-monthly basis. Alternatively, we also accept lump-sum payments

There are no minimum premium requirements. You may purchase a premium based on your affordability.