We shield your business
So you can concentrate
on growing it
We shield your business
So you can concentrate on growing it
FUNDS PROTECT
BUSINESS POLICY
Protecting YOUR BUSINESS or TRUST ACCOUNT against the loss of funds due to fraud
The Funds Protect Business Policies are designed to cover your business against the fraudulent conduct of third parties which result in a loss of funds from business accounts
Which product is suitable for my business?
Depending on the needs of your business, the following products are available:
Transactions up to R250k
Transaction over R250k
Trust Fund Administrators
Business Product Comparison
SPEAK TO YOUR BROKER ABOUT THE PRODUCT BEST SUITED TO YOUR NEEDS.
Funds Protect Business
Loss of funds
From your business
account
As result of a funds transfer
Authorised or unauthorised
Due to fraudulent conduct of 3rd party
Irrecoverable from bank or third party
0 to R250k
No underwriting
Simple application
Internet security on all systems
No special conditions for claims
Funds Protect Plus Business
Loss of funds
From your business
account
As result of a funds transfer
Authorised or unauthorised
Due to fraudulent conduct of 3rd party
Irrecoverable from bank or third party
R250k to R5mil
Underwriting required
Subject to approval
Internet security on all systems
Special conditions for claims
Funds Protect Trust Business
Loss of funds
Trust account administered by your business
As result of a funds transfer
Authorised or unauthorised
Due to fraudulent conduct of 3rd party
Irrecoverable from bank or third party
0 to R5mil
Underwriting required
Subject to approval
Internet security on all systems
Special conditions for claims
Cover Options
R50 000 @ R90 p/m
R100 000 @ R165 p/m
R250 000 @ R330 p/m
LIMITATIONS AND TERMS AND CONDITIONS APPLY
FUNDS PROTECT BUSINESS
Who is the product suitable for?
- Any business that holds a bank account for business purposes
- Any business that transacts online
- Any business that pays vendors via EFT
- Transactions from R0 to R250k
Conditions of Cover
- All computer systems must be protected by internet security
- Payment of premium in advance
Speak to your broker about this product.
FUNDS PROTECT PLUS BUSINESS
Who is the product suitable for?
- Any business that holds a bank account for business purposes
- Any business that transacts online
- Any business who pay vendors via EFT
- Transactions from over R250k
Conditions of Cover
- All computer systems must be protected by internet security
- Account verification process must be used
- Payment of premium in advance
What do we mean by account verification as a condition of claim?
Do you verify vendors /payees?
Do you verify new payment details for vendors /payees?
Do you verify requests to amend existing payments details for vendors/payees?
COVER OPTIONS
For premiums and cover limits available, please speak to your broker
LIMITATIONS, TERMS AND CONDITIONS APPLY.
What do we mean by account verification as a condition of claim?
How is the authenticity, trustworthiness and integrity of a payment instruction verified?
How are payee detail amendment / additions verified?
Are verification services used to verify payment details?
COVER OPTIONS
For premiums and cover limits available, please speak to your broker
LIMITATIONS, TERMS AND CONDITIONS APPLY
FUNDS PROTECT TRUST BUSINESS
Who is the product suitable for?
- Any business holds a bank account for the purpose of administering trust funds on behalf of a third party
- Legal Practitioners
- Property Practitioners
- Custodians of third party funds
- Does not cover the day-to-day business banking accounts of the business
Conditions of Cover
- All computer systems must be protected by internet security
- Account verification process must be used
- Payment of premium in advance
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Specialising in niche products, our team is constantly innovating, thinking ahead and developing new products to mitigate risk for clients, especially in the Fintech space. Read More ...
Contact Us
SOUTH AFRICA
Fourways View Office Park
Block C
1210 Sunset Boulevard
Fourways, 2055
Legal
Underwritten by Bryte Insurance Company Limited. A Fairfax Company. Registration Number 1965/006764/06
Licensed insurer and authorised FSP (17703)
