HOW IT WORKS
The SAIBA Professional Indemnity Programme has been tailor-made with the accounting professional in mind.
In proud association with Aon South Africa (Pty) Ltd(“Aon”), the leading Specialty Insurance Brokers in South Africa, we have structured a unique offering for SAIBA Members to address these risks, at highly preferential rates. The SAIBA PI programme will be insured through the proudly South African insurer, The Hollard Insurance Company (“the Insurer”). Both are registered Financial Service Providers with long track records n professional liabilities.
SAIBA believes that as part of the objectives of the organization, promotion of good business practice and risk management is of paramount importance. Through the collective buying power of the SAIBA, we have been able to secure highly competitive rates with the widest cover and low excesses. For clarity, SAIBA is not purchasing cover on behalf of its members nor for the benefit of members, it has leveraged your scale as a group to bring to you the best offering, with each member receiving their own policy as an individual, should you wish to participate, thus each members cover is not impacted by another’s claims.
Membership participation in the SAIBA Professional Indemnity Programme is strictly voluntary. However, we strongly encourage full participation given the great value at an unbeatable price. Members can now provide the highest level of client assurance that their services are backed by first class protection. We further note that the arrangement with SAIBA has been designed exclusively for member benefit.