Analyses & Studies
Adams & Adams: Insurance Law in Times of Precarity
Business Insurance Policies to Rescue Businesses Amid Recent Events of Unrest and Looting?
The past events of unrest and looting of shops around the country, particularly in KZN and Gauteng were certainly worrying for business owners. Businesses had their properties maliciously destroyed; set alight; plundered; broken into; etc. Moreover, these acts were not limited to certain types or sizes of businesses but ranged from small to large businesses; from cars to trucks; liquor shops; furniture stores; food outlets; supermarkets; etc. In some instances, various types of businesses were destroyed in a single incident.
The significance of these incidents from an insurance law perspective is that there are many insurance companies that will be affected by these incidents. These incidents are bound to trigger business insurance policies.
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