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What makes SAIPA AssetSure Unique?
What makes SAIPA AssetSure unique? 11 reasons why SAIPA AssetSure is Unique Internet based No other insurer can compete with the Pricing, Methodology and Process Designed specifically for SAIPA members Based on Revenue Easy to understand and user friendly Price is up to 50% cheaper than the market norm for the same covers Previous claims are ignored Average does not apply Takes up to 5 minutes to get a quotation Policy issued within 5 hours of acceptance date SAIPA owns and endorsed the brand
What SAIPA AssetSure covers? Description Office Contents (Fire Perils) Theft of Office Contents Business Interruption Accidental Damage Public Liability Electronic Equipment including Laptops Comprehensive Motor
Testimonial 1 Dear Dale INSURANCE: SAIPA COMMERCIAL SCHEME I would like to thank you for the service I got from you. The new scheme for SAIPA members brought me more added benefits. It also saved me a lot of money monthly. My new premium that I got through your company is R284.00 I was paying R796.00 at Auto & General Insurance for cover only on my motor vehicle and computers. If you require any further information please do not hesitate to contact me. Yours faithfully MC van der Merwe Professional Accountant (S.A.) PR903216-D
Testimonial 2 5 th August 2014 The Manager VKN Financial Services Attention: Dale Stone, Letter of Appreciation I would like to thank you and Bethuel in your claims department for the professional and excellent assistance given during my claim process. As with any motor vehicle accident it is always a stress full episode in one s life. The professional manner in which my claim was handled minimized the stress. Bethuel excellent communication skills made sure that every step of the process was smooth sailing. When it came to the fixing of my motor vehicle, I did not even have to contact the panel beaters as all this communication was done by Bethuel. The handling of the claim from beginning to end was a pleasure and I will gladly recommend the asset insurance to anyone. Thank you once again for the professional and excellent service. Regards
Testimonial 3 VKN Financial Services Hi Dale Testimonial VKN Asset Sure Product I recently responded to the service offered by VKN Financial Services for SAIPA members. I must admit the basing the premium on your practice s turnover is spot on. The process was made easy by supplying only the turnover. At first I was skeptical that the insurance could be calculated correctly. After reading the policy issued based on my turnover, the assets and items like data recover were adequately ensured. VKN Services surely did their homework Thank You
Testimonial 4 21 st July 2014 VKN Financial Services Attention: Dale Stone Dear Dale, Asset Sure: SAIPA Members When I called you I needed insurance cover fast and efficiently. I had got a quote via the website and could not believe the low price of the quote. Thinking I had made a mistake I called you and got the cover I needed fast and efficiently. Once again thank you for a great product and excellent service. Yours faithfully
Testimonial 5 Dear Mr Naidoo This letter serves as a testimonial to the extraordinary service I received from Dale Stone working for VKN Financial Services (Pty) Ltd who assisted me with insurance under the SAIPA Asset Sure initiative. It was an absolute pleasure working with the company. Dale Stone was extremely fast in contacting me after e-mailing her and assisted me to obtain insurance in a couple of minutes. She was eager to assist me and even contacted SAIPA to help me reflect as a member on their side. The whole process was fast, effortless, professional and I already recommended SAIPA Asset Sure to my friends who are also full members of SAIPA. What I liked most about the way they conduct business is that are fast and to the point and it is obvious they understand we are busy and they don t bombard us with thousands of questions to receive a quote. The monthly instalment of my insurance is also almost 40% less than the previous company. I trust you will find the above mentioned in order. Kind Regard Johan-Dirk Venter
Office Comprehensive Description Contents Sum Insured 40% of the insured s Revenue Documents R 20,000.00 Legal Liability Documents R 50,000.00 Theft by forcible Entry Excess: 10% of claim minimum R 500.00 15% of the contents sum insured
Business Interruption Loss following interruption of or interference with the business in consequence of damage occurring at the premises in respect of which payment has been made under any material damage policy but only in respect of perils insured under the fire section hereof. Description Gross Profit Sum Insured 30% of Revenue Indemnity Period: 6 Months
Accidental Damage Covering accidental physical loss of or damage to the insured property at or about the premises by any cause not excluded. Description Sum Insured Accidental Damage R 20,000.00 Excess: Flat R 1,500.00 Important Considerations: 1. The limit is a first loss limit and is not subject to average.
Public Liability Covering damages for which the insured shall become legally liable consequent upon accidental death, injury, illness or damage to property Description Basis of cover Limit of indemnity Claims Made 1. General Liability R 2,500,000.00 2. Legal Defense Costs R 50,000.00 3. Wrongful arrest/defamation R 50,000.00 Items 2 and 3 not exceeding any one period R 100,000.00 Excess: 10% of claim minimum R 5, 000.00 Endorsements: 1. Retroactive date- inception of policy. 2. Employment Practice Liability is excluded.
Electronic Equipment Physical loss of or damage to the insured property described in the schedule from any cause not excluded in terms of the policy, whilst contained anywhere within the insured s premises (portable equipment is on an all risks basis). Description All personal computers, printers, ancillary equipment including software Portable Equipment including laptops Additional Increase in Cost of Working Reinstatement of Data Sum Insured 10% of Revenue 5% of Revenue R20,000.00 R20,000.00 Excess: 1. 10% of claim minimum R 3,500.00 but in respect of power surge and lightning minimum R 3,500.00 2. Theft of Laptops from unattended vehicles without forcible entry additional R 1 000.00 excess is payable
Motor Section A Own Damage Covering accidental physical loss of or damage to motor vehicles, including theft/hijacking Cover Section 1 Own Damage Section 2 Third Party Liability
Case Study s 1. AMC Greyling 2. DRG Accounting 3. DIRK VENTER
AMC GREYLING T/A EXIGO PROFESSIONAL ACCOUNTANTS 1. Please provide a brief background about yourself and business I am a Professional Accountant SA. I have an accounting practice. The practice exists for 13 years. 2. Prior to joining SAIPA Assetsure, did you have business insurance? 2.1 If Yes, what were your challenges/experience. It was very costly. We were insured by item which was a admin nightmare. 2.2 If No, why not No response 3. How did you find out about SAIPA Assetsure and what was your first impression? Attended a SAIPA training session which included a info session of Assetsure. 4. Did you attend a SAIPA Assetsure presentation and what were your thoughts? (if it is not response in #2) I liked the concept 5. What motivated you to obtain a quote? The fact that it was a simple proses, and the cost was very competitive. 6. How easy was it to obtain a quote and what did you think of the process? It was simple and easy.
AMC GREYLING T/A EXIGO PROFESSIONAL ACCOUNTANTS 7. What motivated you to take up SAIPA Assetsure? Describe the benefits that appealed the most to you. It was a simple process. It is easy to maintain. The staff are friendly and effective. The cost were very reasonable 8. Approximately, how much are you saving each month (% or R) 60% 9. After joining SAIPA Assetsure, how has your overall experience been (whether or not you have claimed) We had a claim and it was dealt with very efficiently. 10. Would you recommend SAIPA Assetsure to other members (you can use he testimonial or they can reply to it) Definitely
SAIPA NO: 18326 DRG ACCOUNTANTS CC Please provide a brief background about yourself and business I m an accountant in a partnership in an accounting firm in Bellville, Cape Town 2. Prior to joining SAIPA Assetsure, did you have business insurance? 2.1 If Yes, what were your challenges/experience Yes, didn t have any problems 2.2 If No, why not 3. How did you find out about SAIPA Assetsure and what was your first impression? Email and the advert on SAIPA website 4. Did you attend a SAIPA Assetsure presentation and what were your thoughts? (if it is not response in #2) No 5. What motivated you to obtain a quote? The easy online quote process 6. How easy was it to obtain a quote and what did you think of the process? Easy online quote, and like the fact that it s not a consultant with 120 questions like other insurers
SAIPA NO: 18326 DRG ACCOUNTANTS CC 7. What motivated you to take up SAIPA Assetsure? Describe the benefits that appealed the most to you Cheaper than our previous insurers, and cover more risks that is associated with a accounting firm 8. Approximately, how much are you saving each month (% or R) About R 60 pm 9. After joining SAIPA Assetsure, how has your overall experience been (whether or not you have claimed) Haven t had any trouble thus far 10. Would you recommend SAIPA Assetsure to other members (you can use the testimonial or they can reply to it) Yes
Dirk Venter 1. Please provide a brief background about yourself and business. I am a Professional Accountant (S.A). I have a Bcom CA degree and a PGDIP Tax Law degree, I am busy with Mcompt Tax(South African and International) degree. Our firm specialise in audits, accounting, reviews and compilations. We have a specialised boutique tax department which deals with everything from tax returns to applications to withdraw civil judgments obtained by SARS via the High Court. I am currently a senior manager at the firm. 2. Prior to joining SAIPA Assetsure, did you have business insurance? No 2.1 If Yes, what were your challenges/experience 2.2 If No, why not Article clerk, did not have funds or the need 3. How did you find out about SAIPA Assetsure and what was your first impression? SAIPA website, it was impressive I am glad to see SAIPA is putting in effort to help members. SAIPA must incorporate more of these initiatives to be more competitive with the leading accounting body SAICA 4. Did you attend a SAIPA Assetsure presentation and what were your thoughts? (if it is not response in #2) No
Dirk Venter 5. What motivated you to obtain a quote? The need for cheaper insurance and people who understands my field 6. How easy was it to obtain a quote and what did you think of the process? Very easy 7, What motivated you to take up SAIPA Assetsure? Describe the benefits that appealed the most to you The cost saving and the exceptional service 8. Approximately, how much are you saving each month (% or R) R570 9. After joining SAIPA Assetsure, how has your overall experience been (whether or not you have claimed) Experience was good and I don t have any complaints 10. Would you recommend SAIPA Assetsure to other members (you can use the testimonial or they can reply to it) Yes I Will have already referred a client which made use of VKN s services.
SAIPA AssetSure FAQ? Are maintenance related claims covered? No, the policy does not cover wear & tear or maintenance related claims. Should I let my child drive my vehicle would he be covered in the event of an accident? Yes, he would provided that he is licenced. There would however be additional excesses applicable for drivers under 25 years of age and drivers licenced less than 2 years. It is not the intention to cover members children where they are a regular driver of a vehicle. What if I operate from more than one office? Yes, you can insure more than one risk address on the policy. Is my laptop covered if stolen from my vehicle? Yes, it would be however it needs to be kept in a locked compartment of the vehicle and there must be signs of forcible entry into the vehicle. Should there be no signs of forcible entry then an additional excess of R1000 would apply in the event of a claim.
SAIPA AssetSure FAQ? If I do not have an alarm would I still be covered in the event of a break in? Theft must be accompanied by forcible or violent entry. Should you not have an alarm an additional excess of 10% of claim would apply. If I do not have a tracking device in the vehicle would I still be covered? Yes, you would still be covered however an additional excess of 10% of claim would apply. Is theft by staff covered? No, theft by an employee is not covered. This is a specialised insurance and should you require a quotation for this cover please contact our offices to arrange. Are there excesses applicable in the event of a claim? Yes, the excesses that are applicable in the event of a claim reflect on the quotation.
SAIPA AssetSure FAQ? Who will cancel my existing Insurance policy? It is the members responsibility to cancel their existing insurance with their existing Insurer. Am I able to add cell phones and Portable Equipment (Laptops) to the policy? Yes, you may add cell phones to the policy-please contact our offices for a premium. Am I able to increase any of the values provided in the quotation? Yes, you may increase the values on the quotation. Please contact our offices for assistance in this regard Am I able to decrease the values reflecting in the quotation? No, you cannot decrease the values as they are based on your turnover and part of the SAIPA AssetSure package Are the vehicles covered for both domestic and business use? Yes, the vehicles are insured for both domestic and business use
SAIPA AssetSure FAQ? Why do 2 values reflect under the Office Contents section? 1. One covers Office Contents for FIRE PERILS, 2. and the other is for THEFT by forcible violent entry or exit from the premises. How is Gross Profit calculated? It is a selected by taking the companies Net Profit before tax and adding to it the companies fixed costs. In the event of a motor claim is an excess payable for both my damages and the Third Parties damages? No, there is only one excess applicable to the entire claim. Both yours and the Third Parties.
SAIPA AssetSure FAQ? What if my turnover is only R250,000.00? The premiums are rated in categories. For example: A turnover of R0.00 to R500,00.00 would generate a premium of R100.00 a month for the non motor section. Am I able to add my Domestic Home and Contents? No, you may not as this this product was designed to cover your practice. Should you require a domestic quotation please feel free to contact us. What if I operate my practice from my home? You would be able to insure your practice even if you operate from a room/s in your home. Is a power surge as a result of load shedding covered? Power surge caused by the deliberate act of an authority is excluded, however a power surge caused by an insured peril such as lightning would be covered.
SAIPA AssetSure Here s how SAIPA AssetSure works click on http://www.vknfs.co.za/assetsure/
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