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Business Insurance excess waiver relief

As a small business owner you do not have to pay for excess on non-motor claims.

During these challenging times we are here to help you protect what matters most. To make it a little easier for you, we are waiving the first amount payable in the event of a non-motor claim.

Why are we doing it?

As the lock down period has been extended, we recognise that businesses cash flow may be further impacted. In the unfortunate event of a non-motor claim, you will not be required to pay the first amount payable as stated in your policy schedule.

To qualify

  • You need to be a Standard Insurance Limited Business Insurance policy holder
  • Have a business turnover of less than R20 million per annum
  • Ensure your premiums paid are up to date
  • Have a policy number that ends with “BZS”

How long is this benefit valid for?

This benefit will be in effect from 17 April 2020 until 30 June 2020. We will continue to review relief options to assist clients.

We wish you and your family good health and safety during this challenging time.

Standard Insurance Limited (“SIL”) is a short-term insurance company (Reg. No. 1993/007593/06) within the Standard Bank Group, and authorised financial services provider FSP 33348