Genlib specializes in niche insurance products catering to the Marine and Transport truck and bus industries in South Africa.
When things go legal is when a client prays that he has adequate insurance in place to protect his interests and pay for legal costs, or similarly to compensate for disability and loss of income.
The current status with the amendments to the road traffic act, whereby the common law rights to sue a third party for damages has been denied to all citizens is unconstitutional. Pending the outcome of this matter in the constitutional court early next year, the man in the street has no claim against a third party who has caused him damages as a result of negligence.
The outcome is however expected to be in favour of the citizens of this country and this would mean quiet possibly the act being retroactively retracted to 1 August 2008.
Effectively this would mean that claims incurred since the act came into force could be enforced by the plaintiff. Consequently it is necessary to continue to have passenger liability insurance policy in force.
The restrictions imposed by the RAF are limiting to say the least. This circumstance will leave many victims of road accidents in a financial fix should their costs be more than the limits imposed by the RAF.
To remedy this, it is necessary to have a Personal Accident policy in place to provide for adequate – Loss of earnings in the short term and for long term, medical costs, and Death cover.
Genlib can tailor make such policies to cater for all industries and professions.
The process of claiming from the RAF directly is not an easy one, since the RAF defends all summonses in court. Essentially as lay person you would require legal representation to make head way in getting any award.
Genlib has a solution to making this process easy and at the same time acquiring 100% of the RAF award. Our road Cover product provides for a legal team to spearhead the claim against the RAF, fight for maximum benefit and award in a reasonable time frame for a nominal amount per month per insured or vehicle.
The devil is always in the detail. Genlib’s Goods in Transit policy aims to provide for the transporters needs in mind. This unique policy covers many grey areas that most GIT policies exclude. These include – The average clause, Carriers Legal Liability, broad subject matter, plus many more.
In addition Contingency liability is available as is stand alone Carriers Legal liability and Marine cargo.
Hazardous chemicals, clean up and spillage policy, is not complete without the liability‘s arising clause, which we offer as a complete policy.