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Woodworking Risk Acceptances (Pty) Ltd

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FSP No.: 8146
Tel: 011 484 5522
Fax: 011 643 4245
Address:
1st floor Old Trafford
Isle of Houghton
17 Boundary Road
Parktown
Johannesburg
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.

Woodworking Risk Acceptances is a niche underwriting agency catering for the more hazardous industrial type risk.

 

WRA offers a comprehensive policy catering for all the insurance needs of clients in our niche areas of business. We offer our product to clients involved in the Woodworking, Plastic and Metalworking industries. We have also developed a product to cater for the retail activities of clients trading in the goods produced in these areas. We offer these products to clients through most commercial insurance brokers and are constantly growing our broker network.

 

We underwrite our business through Compass Insurance Company Limited and our reinsurance treaty is led by Hannover Reinsurance Company Limited. This allows us to offer A+ rated capacity to our clients.

 

At WRA we offer our clients quality risk management via chosen independent surveyors and risk managers. Every risk is surveyed on an annual basis and we can, with the help of our brokers and clients reduce our fire exposure, thus limiting the threat of a serious fire. 

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From The Glossary »

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Losses Made Basis:

This is a method of determining whether a loss falls within the cover of an insurance policy. The insurer is responsible for losses notified (made) during the policy period irrespective of when the claim occurred. This basis should be contrasted with the losses occurring basis. Also known as claims made basis.
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