In­sur­ance is a must for build­ing in­dus­try

Weekend Argus (Saturday Edition) - - PROPERTY -

FOR MEM­BERS of the construction in­dus­try, their tools and ve­hi­cles are their bread and but­ter. If th­ese are dam­aged or stolen, it could af­fect pro­duc­tiv­ity and in­come.

That’s why the Mas­ter Builders As­so­ci­a­tion of the West­ern Cape (MBAWC), a reg­is­tered trade as­so­ci­a­tion for em­ploy­ers in the build­ing in­dus­try, has launched a short-term in­sur­ance ini­tia­tive for mem­bers.

MBAWC ex­ec­u­tive di­rec­tor Rob John­son says the in­sur­ance scheme was de­signed in part­ner­ship with RBS In­sur­ance and Risk Ser­vices.

“A team of RBS bro­kers pro­vide mem­bers with a pro­fes­sional ser­vice and op­er­ates out of the MBAWC offices in Ron­de­bosch. By de­ter­min­ing in­di­vid­ual mem­bers’ cor­po­rate and per­sonal needs, the com­pany can en­sure the best avail­able cover for them at the most af­ford­able pre­mi­ums.”

The scheme pro­vides cover for sev­eral even­tu­al­i­ties that might arise dur­ing construction con­tract work and caters for a range of in­dem­nity re­quire­ments.

Prod­ucts in­cor­po­rated into the scheme in­clude con­trac­tors’ all risks; pub­lic li­a­bil­ity; lat­eral sup­port; pro­fes­sional in­dem­nity; and project de­lay.

Mem­bers are of­fered re­duced pre­mi­ums, op­ti­mal qual­ity of cover and a loy­alty re­wards pro­gramme for rel­a­tives and em­ploy­ees.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.