The Insurance Directory - Commercial Crime

Commercial Crime

A Commercial Crime policy protects the Insured’s money and other property against theft by employees. It also covers malicious damage and theft committed by non-employees through computer hacking, extortion and fraudulent transfer instructions.

A Camargue Commercial Crime policy offers significantly wider cover than an FG policy because it also covers theft arising out of a criminal act perpetrated by way of a computer.

Camargue is an underwriter of specialised insurance products and a provider of risk management solutions to a broad spectrum of industries in Southern Africa. Authorised financial services provider number: 6344 Underwritten by the licenced insurers: Certain underwriters at Lloyd’s, Bryte Insurance Company Limited (FSP 17703) and Compass Insurance Company Limited (FSP 12148)

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Camargue Underwriting Managers (Pty) Ltd

A Commercial Crime policy protects the Insured’s money and other property against theft by employees. It also covers malicious damage and theft committed by non-employees through computer hacking, extortion and fraudulent transfer instructions.

A Camargue Commercial Crime policy offers significantly wider cover than an FG policy because it also covers theft arising out of a criminal act perpetrated by way of a computer.

Camargue is an underwriter of specialised insurance products and a provider of risk management solutions to a broad spectrum of industries in Southern Africa. Authorised financial services provider number: 6344 Underwritten by the licenced insurers: Certain underwriters at Lloyd’s, Bryte Insurance Company Limited (FSP 17703) and Compass Insurance Company Limited (FSP 12148)

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Cyber Risks

Camargue Underwriting Managers (Pty) Ltd

Cyber Liability

Camargue’s Cyber Risks policy covers organisations against the risks arising out of operating a computer network. Many organisations believe that their firewalls and antivirus programs provide them with sufficient protection against cyber risks, such as viruses and hacking. The shocking reality is very different and most businesses will, at some point, be exposed to the devastating effects of a cyber-attack: network downtime, loss of important data and loss of credibility when customer information is compromised (not to mention the litigation that would follow if the hacker were to use that information to plunder the customer’s bank account). The complexity of the online environment makes it impossible to most businesses to address these risks, or even appreciate how serious the threat is. Depending on what options have been selected, the policy can include: Professional Services, which covers the Insured’s liability arising out of negligence in their work (applicable to technology services only). Multimedia Liability, which covers liability arising out of any physical pr electronic publication issued by the Insured. Security and Privacy Liability, which covers liability arising out of the Insured’s negligence in preventing a computer security breach. Data Recovery and Loss of Income, which provides a form of business interruption cover and also covers the cost of restoring the Insured’s lost data. Privacy Regulatory Defence and Penalties, which covers liability as a result of the Insured not complying with laws relating to a breach of data. Crisis Management Costs, which covers the costs of mitigation potential damage to the Insured’s brands as well as the Insured’s liability arising out of compliance with privacy legislation. Data Extortion, which covers the cost of validating and terminating the threat of a security breach. Underwritten by the licensed insurer: certain underwriters at Lloyd's.

Medical Malpractice Indemnity

Camargue Underwriting Managers (Pty) Ltd

Medical Malpractice

Given the nature of the procedures performed by medical professionals and establishments and the multitude of scenarios where negligence may occur, it is essential that individuals and institutions rendering a service in the medical industry have insurance. Camargue’s Medical Establishments policy provides comprehensive cover in respect of: Medical Malpractice Public Liability Products Liability Professional Indemnity Cover provided under Camargue’s Medical Practitioners policy: Medical Malpractice Professional Indemnity Summary of covers: Medical Malpractice: Indemnifies the Insured for injury to any patient or person caused, or alleged, by malpractice of the Insured. Public Liability: Indemnifies the Insured for bodily injury and / or damage to third parties as a result of, or allegedly caused by, the Insured. Cover includes an extension for wrongful arrest including assault in connection therewith and wrongful dismissal of an employee, however, this is subject to a specific sub-limit. Products Liability: Indemnifies the Insured for injury and/or damage to any patients or third party arising from the nature or condition of any product. Professional Indemnity: Indemnifies the Insured for any breach of professional duty, any breach of Implied warranty of authority or trust committed in good faith, defamation and/or injuria, infringement of copy write, and the destruction of, damage to, or loss of any documents entrusted to be insured. Underwritten by the licensed insurers: certain underwriters at Lloyd's and Compass Insurance Company Limited (FSP 12148).