News Release

November 16, 2016

Protection Against Financial Impact of Violent Protests and Riots

Sasria cover essential on underlying assets insurance policy

As South Africa reels from the financial costs of destruction of property and assets in the wake of #Feesmustfall protests, estimated to be in the region of R1 billion to date, Aon South Africa is advising business owners and individuals to review their assets insurance policies and ensure that they have Sasria cover included.

"Without Sasria cover, businesses and private individuals caught in the cross-hairs of violent protests and riot action, run the risk of significant losses. Standard insurance policies available through private sector insurers do not provide cover for damage to assets as a result of these types of events as they are precluded from underwriting these risks. Cover is available through Sasria SOC Limited," explains Hussain Bhikhoo, Client Manager at Aon South Africa.

According to Sasria’s integrated 2016 report in the financial year ending 31 March 2016, Sasria received 2 262 claims with a total value of R729 million. During the period under review, service delivery issues accounted for 74% of its claims. It also reported a marked increase in claims severity related to student protests from 3% to 18%, which will be an interesting figure to look at in its next reporting cycle. The biggest claim received by Sasria for the period was valued at R103 million.

"Both businesses and consumers need to consult with their brokers and insurers to ascertain whether their insurance coverage has been extended to cover Sasria perils. As a matter of course, clients should be offered this type of cover when discussing their business or personal insurance requirements as this presents a significant risk to both consumers and business owners who could find themselves severely out of pocket if their assets were damaged during a violent strike. Given the status quo of the last 12-18 months, it’s an essential if not non-negotiable cover on any insurance policy," explains Hussain.

"Sasria cover is especially important for people who own property, live, work or commute in areas that have a high propensity for protest and strike action," says Hussain. "Their rates are regulated and for businesses the premium is not affected by the type of industry or the risks the business is exposed to, with the exception of certain mining risks. Sasria also has a number of discount options available and you should speak to your broker about some of the options for your business.

"For commercial clients, Sasria cover in terms of Business Interruption is limited to fixed expenses or standing charges and Net Profit, but not for the traditional contingent business interruption covers such as losses following damage to premises of customers and suppliers, and to the supply of public utilities. These covers can be purchased from the private sector to ensure that your business is comprehensively covered," says Hussain.

"Contact your broker who will be able to give you advice on which Sasria policy will best suit your needs, whether you are concerned about your assets, vehicles, construction projects or interruption to your business," concludes Hussain.

About Sasria:

Sasria provides insurance cover for any form of riot, strike or public disorder, any attempt to perform any of these acts and the action taken by authorities to control or prevent these from occurring. Sasria is the only insurer permitted to provide such cover In South Africa, for the damage caused during these kinds of incidents.

Aon welcomes relevant dialogue and commentary on our thought leadership materials posted to our website. However, we reserve the right to delete any content that is harmful, obscene, or spam before it is published to the site.

If you elect to comment or engage with our content via third-party social media websites, you authorize Aon to have access to certain social media profile information. Please click here to learn more about information that may be collected when using these tools on

All Comments(570)

Open for comments. Sign in or create your Aon South Africa account to join the discussion.
Tom Hatcher 7 Jun 2014 14:58 Comments Policy
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed luctus nulla ac sem viverra, quis adipiscing lectus elementum. Fusce semper bibendum pellentesque.
Sandy Smith 25 May 2014 11:44 Comments Policy
Lorem ipsum dolor et al.
John Smith 12 May 2014 17:09 Comments Policy
Lorem ipsum dolor et al. Lorem ipsum dolor et al. Lorem ipsum dolor et al.
Show all comments...
Previous 1 2 3 4 5 Next

Quick Forms

Contact Me
Compliments & Complaints

Twitter Feed