Professional Indemnity Insurance Cover for Companies

Including Close corporations, partnerships and other incorporated entities

Please complete this questionnaire if you require cover for a 'corporate entity' like a partnership, close corporation or other company, Even if you are the sole director or member of such company or close corporation, you should please complete this questionnaire.

Are you a sole proprietor or an employee? If you only require cover in your personal capacity, either as a sole proprietor or as an employee please click here to complete the questionnaire provided for Individuals.

Please note that while SACNASP provides cover for services rendered worldwide (excluding North America), you have to be domiciled in RSA or your company has to be registered in RSA in order to qualify for cover under the SPIIS Policy. Unfortunately we cannot assist you if you do not live in South Africa or if your company is not registered in South Africa as the cover provided under the SPIIS Policy can only cover individuals who live in South Africa and companies that are registered in South Africa.

Do you meet the Qualifying Criteria with regard to Directors, SACNASP and claims?
Please read this section in our Frequently Asked Questions — Qualifying Criteria in order to see if your Company Qualifies for Cover under the SPIIS Policy. If it does not, please go here to download a special Non-Scheme Proposal Form that should be completed and emailed to us so that we may quote you for a special stand alone policy, tailored to suit your situation.

How much will it cost?

If you want to know how much the annual premium will be for the SPIIS cover, please use the Online Quotation facility to quickly calculate the amount for you.

It is a requirement of the SPIIS policy that you read these two documents in their entirety before proceeding:

"SPIIS Policy Document" and
"Notes for Company Cover" .

We recommend that you also read the Frequently Asked Questions.

If there is anything that is not clear or if you require further explanation or advice regarding the cover, please click on this link to contact us.
Note: For the sake of ease of reading, all partnerships and incorporated entities including close corporations will collectively be referred to throughout our documentation as "companies" and the term "companies" will be deemed to include partnerships, close corporations, etc. and all partners, members and directors will collectively be referred to as "directors" and the term "directors" will be deemed to include partners and members. Please note that "Your’" in the questions below shall include reference to both your own personal claims´ history and that of your company, partnership or close corporation. Similarly reference to "directors" should be taken to include reference to partners of a partnership and members of a close corporation.

Qualifying criteria
Please answer the questions below so that we can determine whether or not your company, partnership or close corporation meets the qualifying criteria for cover under the SPIIS.
Claims or Complaints or prior History
Have any claims been made against you, your fellow directors and/or your company in the past 5 years which would be covered under this type of policy?

AND / OR

Are you aware, after enquiries have been made of your employees and fellow directors of any circumstances or incidents in the past 5 years, which could result in a claim or complaint being made against you and/or your company which would be covered under this type of policy?

AND / OR

In respect of an existing or previous professional indemnity insurance, has any Insurer declined to provide insurance for the company which you are now applying for cover for?

AND / OR

In respect of any existing or previous professional indemnity insurance, has any Insurer imposed harsher or special terms as a result of your claims’ history?

AND / OR

In respect of an existing or previous professional indemnity insurance, has any Insurer cancelled your insurance policy?
Size of Business
Does the total number of your employees (including yourself/directors/partners and members) exceed 10 people?

OR

Does your turnover as at your last financial year end exceed R5 million?

OR

Is 50% or more of your last financial year's turnover sourced from outside of South Africa?

OR

Do you expect that more than 50% of your next financial year's turnover will be sourced from outside South Africa?

OR

Do you perform any services in the USA/Canada or for companies based in the USA/Canada?

OR

Do you expect that more than 40% of your next financial year's turnover will be sourced from Australia?
Excluded Professions
Please note that no cover will be provided under the SPIIS on-line registration cover for the following professions:

  1. Any professional in the building industry, namely: Engineers including architects / quantity surveyors / construction contractors / Chemical and Mining Engineers, etc.,

  2. Valuers & Loss adjusters
 If you fall within the excluded professions mentioned above or are unsure whether you do please click the RED "YES to at least 1 question" button below. You will then be able to download, complete and submit the SACNASP Non scheme proposal form.

We can obtain quotes which do provide cover for the above excluded professions, but this has to be done using the non-scheme application form as the on-line application does not cater for these professions.
Public Liability & Product Liability Exclusions
Please note that under the public and products’ liability sections of the policy there is no cover for any claims / damages / losses either directly or indirectly relating to the following: :

  1. Blood Banks, Blood Products and Blood Transfusion Services
  2. Marine Liability and/or Marine Products
  3. Livestock business including spread of disease
  4. Known exposures to Polychlorinated Biphenyls (PCB s)
  5. Infectious epidemics/pandemics
  6. Marine protection and indemnity risks
  7. Waste disposal and/or toxic waste
  8. Pharmaceutical products including implantation medical devices
  9. Any involvement relating to: Wood preservatives; Corrosion preventatives; Chloric cleaning agents; Insecticides and pesticides; Herbicides; Fertilisers; Animal Feed where chemical additives are used in the preparation of such feeds; Hazardous Chemical Products; Medical equipment and dressings; Electrical and electronic controlled equipment; Paints and Lacquers; Cosmetic products, Medical implantation devices.
  10. Genetic Engineering
 If any of the above exclusions are problematic in view of the services rendered by you or your company, please click the RED "YES to at least 1 question" button below. You will then be able to download, complete and submit the SACNASP Non scheme proposal form.

We can generally obtain quotes from other insurers for cover which is not subject to the above exclusions, but this has to be done using the non-scheme proposal form as cover obtained under the SPIIS policy (public and products’ liability sections only) will be subject to the above-listed exclusions. When you send us your application form, please will you specifically mention which exclusions pose a problem, so that we can obtain quotes for appropriate cover for your consideration.