Seamless Project Insurance

Increasingly, large projects require comprehensive insurance cover. An inherent problem is that distinct individual policies issued by possibly different insurance companies will result in gaps in cover and disputes as to which insurer's policy will respond to some events. This policy was designed to eliminate these problems.

This unique product is the result of collaboration between Mirabilis, Emerald, SHA, Associated Marine (AMUA), Travel Insurance Consultants (TIC) and Santam Bonds and Guarantees (as complement), to provide a Seamless "cradle to operational" policy wording, combining the expertise of these specific specialist underwriting managers (UMAs) into one insurance policy.
Mirabilis will be the point of contact for this product at both quoting and claims stages.

 

The policy incorporates the following cover:

  • Liability
  • Project Professional Indemnity
  • Marine and Marine Loss of Profits
  • Contractors' All Risks
  • Advance Loss of Profits
  • Contractors' Plant and Equipment Insurance
  • Assets/Operational and Business Interruption
  • Riot Wrap Around
  • Travel Insurance

Cover

Cover is defined in the various policy sections and is designed to provide seamless cover for the project from inception of the marine voyage to operational cover.

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BEE Rating

The RMB Structured Insurance Group is majority owned by RMB Holdings. The Group's BEE shareholder is New Seasons Financial Services (Proprietary) Limited. New Seasons Financial Services (Proprietary) Limited holds a direct 15% investment in RMB-SI Investments (Proprietary) Limited.