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Security of Asset |
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Errors and Omissions within
Investment Solutions |
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The Group has professional
indemnity (errors and omissions) insurance structured on the
basis of: |
| |
|
| |
Policy |
|
Sum Insured |
£75 000 000 (First £10 000
000 insured by Euroguard) |
|
Excess |
R1 000 000 any one claim |
|
Expiry Date of Policy |
31 March 2006 |
|
Territorial and
Jurisdiction Scope |
Worldwide |
|
Insured By |
Lloyd's of London and other
international insurers |
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| |
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Investment Solutions also has
fidelity guarantee insurance as outlined below, ensuring client
issues relating to possible administration carelessness or fraud
are suitably covered. A detailed insurance summary is available
on request. |
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|
|
Policy |
|
Sum
Insured |
R100 000 000
|
|
Excess |
R1 200 000
|
|
Expiry
date of Policy |
31 March
2006 |
|
Territorial and Jurisdiction Scope |
Worldwide
|
|
Insured
By |
Lloyd's of
London and other international insurers |
|
|
|
If the fidelity insurance
cover of R100 million is eroded, additional cover is
available in terms of the Group's errors and omissions
policy that provides an additional £5 million subject to
the residual deductibles. |
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