Comprehensive Funds Protect cover
Glenwood Brokers • July 5, 2021
Funds Protect business and personal product cover offering by PHISHIELD UMA (Pty) Ltd.
This product will protect your business funds against fraudulent activity from a loss of funds in an account in your business name as a result of a fund transfer whether authorised or unauthorised due to fraudulent conduct of a third party which is irrecoverable from your financial Institution or third party. A similar product is also available to personal clients.
Some examples of the cover this product will provide are the following EFT scams , Hacking and Vishing attacks , ATM scams , Holiday scams , Bogus property rentals , Email interception fraud , Transactions due to stolen identity ,demand for ransomware attacks, Sim Swap fraud , online banking fraud , online shopping fraud. Please contact us if you are interested.
A similar product is also available to personal clients.
The law requires all vehicles on public roads to be roadworthy, and insurers are within their rights to reject a claim when a vehicle’s lack of roadworthiness causes an incident.
In our increasingly digitised world, the importance of securing online identities cannot be overstated. For small and medium-sized enterprises (SMEs) in South Africa, the stakes are even higher.
The latest Santam Insurance Barometer shows that 81% of consumers are concerned about cyber risks, while 80% of businesses say they have strengthened their defences. But only 2% of consumers and 17% of businesses have purchased cyber insurance.