For businesses operating in South Africa, SASRIA and Political Violence & Terrorism (PVT) cover can sometimes be discussed as though they are interchangeable.
They aren’t necessarily the same solution.
SASRIA provides special-risk cover for defined events including civil commotion, public disorder, strikes, riots and terrorism, subject to its terms and limits.
PVT insurance is a specialist solution that can provide additional protection for specified political violence and terrorism risks, depending on the policy wording.
For larger businesses, the important question is not simply:
“Do we have SASRIA?”
It is:
“Does our overall programme adequately reflect our exposure?”
This is particularly important where asset values, business interruption exposures or operational risks extend beyond existing limits.
A regular review with a specialist broker can help identify potential gaps.
