Articles
Why is having a local South African med-mal broker preferable?
Having a local South African medical malpractice broker can be preferable for several reasons: Overall, having a local South African medical malpractice broker can provide you with the local knowledge, personalized service, and accessibility that you need to find the right coverage for your medical practice. While a broker who is not a local broker…
Is an Occurrence Based product better than a Claims made product?
Whether an occurrence-based product is better than a claims-made product depends on a variety of factors, including the nature of your business, your risk profile, and your budget. Occurrence-based policies provide coverage for incidents that occur during the policy period, regardless of when a claim is made. This means that if an incident occurs during…
Why it is important to annually review your current Medical Malpractice Cover limits and scope of cover?
It is important to annually review your current medical malpractice insurance coverage limits and scope of cover for several reasons: Overall, an annual review of your medical malpractice insurance coverage can help ensure that you have the right coverage in place to protect your practice and your patients. It can also provide peace of mind…
What is the difference between a claims made and an occurrence based cover?
Claims-made coverage and occurrence-based coverage are two different types of liability insurance policies that provide coverage for different time periods and under different circumstances. A claims-made policy covers claims that are made against the insured during the policy period, regardless of when the underlying incident occurred. This means that the policy will only cover claims…
What is the importance of a retroactive date when taking out claims made coverage?
A retroactive date is an important component of a claims-made insurance policy. Claims-made coverage is a type of liability insurance that covers claims made against the insured during the policy period, regardless of when the incident that led to the claim occurred. The retroactive date is the date on or after which an incident must…
Prescription: Common Questions Answered
What Is A Prescription Period? A prescription period is a time limit after which the opportunity to claim or the obligation to pay money expires. This period begins immediately after an incident occurs or a debt is incurred. A prescription period applies to legal claims and debts. When does prescription begin to run? Prescription commences…
Why do I need a liability insurance broker?
Professional liability insurance is a vital part of running a business, so it’s important to get the right cover for your profession. A liability insurance broker has experience in different types of professional insurance and risk management. A liability broker will work closely with you to identify the risks which your business faces, and they…
Business Rescue FAQ
Wanting to stop a business rescue? Business rescue proceedings are brought about to facilitate the rehabilitation of a company that is financially distressed and the proceedings offer a very useful alternative to the liquidation of a company. So you should be careful to ensure that you have good grounds to set aside the proceedings. Some of the…
Deregistration of Trusts
Trust registration Trusts must be registered with the Master in whose area of jurisdiction the greatest portion of the trust assets are situated. If more than one Master has jurisdiction over the trust assets, the Master in whose office the trust was first registered will continue to have jurisdiction. What does the Trust Property Control…
Where must deceased estates be reported?
Wherever the deceased was living in the Republic of South Africa, the estate should be reported to the Master of the High Court in that jurisdiction. In other words if the deceased was living in that area for 12 months prior to his/her death, then the Master’s office overseeing estates in that region should open an…
The Legal Practice Act and what this means for Advocates in particular
Many years were spent debating whether or not advocates should be allowed to approach the public directly. Historically members of the public would brief an attorney who would then approach an advocate to argue a case before a court. This was known as the “referral system”. Finally the Minister of Justice publicised the DOJ’s plans…
Insurance Cover Questions Asked
1. Why do I need a professional indemnity policy? Professional Indemnity policies provide cover to professionals that offer advice or professional services to the public. Clients that seek advice from professionals expect the advice they are given to be accurate and appropriate for their needs. If it is not, the client may hold the professional…