Municipal Insurance in South Africa

Underwriting of Municipal assets, is a very technical process where expert advice is required.

Municipal Insurance has cover for property such as buildings
Municipal Insurance also has cover for Property
such as their buildings - Johannesburg City Hall
Need Municipal Insurance

Municipalities are responsible for managing their own finances – including the protection of assets such as buildings, vehicles, equipment, stadiums and roads.

Underwriting of municipal assets, is a very technical process and, given that many municipalities lack such expertise, it is possible that many municipalities may be under-insured – in which case they stand to lose millions, in the event of assets being damaged in natural or man-made disasters. Many municipalities are also not reviewing the value of their assets annually.

Municipal authorities and local government requires customized risk solutions that are flexible and comprehensive.

Consider those products that are backed by experts to mitigate risks and offer services such as risk management surveys and improvement strategies. A big plus, may be services offered in order to train municipal staff on their contribution towards better risk management.

Being a specialist niche area of insurance, all available product options should be considered. These options may be confusing...

In fact, the smartest thing you can do is -- Get a specialist broker to do it for you!

Also, note the following guidelines, tips and considerations applicable to Municipal Insurance:

Public Sector products may include:
  • Property -- these may include transformers, Plant, machinery, buildings, etc;
  • Motor -- May include private type vehicles, to specialist or customized;
  • Public liability;
  • Fidelity guarantees;
  • Theft - eg Money;
  • Contractors All Risks (CAR).
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Municipal Insurance has cover for unforseen risks
Municipal Insurance has cover for unforseen risks