AS THE unrest and wanton looting in KwaZulu-Natal and Gauteng appears to slowly being quelled, insurance claims for the immense losses incurred are, no doubt, mounting quickly.
Sadly, many small businesses were uninsured, according to news reports. The policies of businesses that were insured probably included specific cover for damage caused by riots, provided by the South African Special Risk Insurance Association (Sasria).
Sasria is a state-owned company, incorporated in 1978.
Karabo Kopeka, MiWay Insurance’s head of claims, says: “Sasria offers anyone with assets in South Africa this unique form of insurance, making provision for everything from civil unrest to strikes and riots.
“An affordable option for both individual and corporate entities, Sasria insurance is not provided directly to the public, but instead handled via direct insurers, who essentially manage…