Advertise Here
Icon

Directory

IconAccounting & Tax
IconActuaries
IconAdministrators
IconAppraisers & Valuers
IconArbitration Services
IconASIB
IconAssessors & Loss Adjusters
IconAssist and Lifestyle Benefits
IconAssociations & Institutes
IconAuditors
IconBBBEE Consulting and Verification Agencies
IconBroker Acquisition Financing
IconBrokers for Brokers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconCall Centre Outsourcing & Sales
IconCompany Secretarial Services
IconCompliance
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconDefensive Driver Training
IconEducation and Training
IconEmergency Medical Rescue
IconFAIS
IconFire, Storm, Flood Damage Specialists
IconForensic Investigation Services
IconHuman Resources
IconIndustrial Cleaners
IconInformation Technology and Software Partners
IconInsurance Companies
IconLegal
IconLightning Damage & Surge Protection Specialists
IconNiche Insurance Products
IconOmbud
IconOutbound Sales
IconOutsourcing Companies
IconPolicy Administration
IconPremium Financing
IconPublic Loss Adjustors
IconPublications
IconRating Agencies
IconReference Books & Material
IconRegulatory Authorities
IconRisk Finance
IconRisk Management
IconRisk Surveyors
IconSalvage Operators
IconSpecialized Claims Investigations & Assessing
IconSurveys and Research
IconTraining Courses & Workshops
IconUnderwriting Managers
IconVehicle Accident Management
IconVehicle and Household Risk Inspection Services
IconVehicle Tracking
IconWellness Programs
IconWholesale Brokers
IconZZZZZZ
Image
  Subscribe To »

Transporting Dangerous Goods and other Hazardous Materials

Published

2013

Mon

18

Nov

Company Listing: Camargue Academy »
 

Most general liability policies will exclude liability arising out of the transport of hazardous substances. Camargue policies, for example, sometimes contain the following endorsement:       


This policy does not cover liability arising when a Vehicle is used to transport dangerous goods. Dangerous goods are items whose transport is regulated by law, including but not limited to those products listed in the South African National Standard SANS 10231.
 
Although most people in the transport industry are quite familiar with SANS 10231, this article has been prepared for brokers who may need to give advice to those clients. The first thing you need to know is that, although some goods require a special permit for their transport, there are other substances, such as Nitro hydrochloric acid, which companies are simply not allowed to transport.
 
In terms of the South African National Standard dangerous goods are split into several broad classifications:

  • Class 1 – Explosives
  • Class 2 – Gases which are compressed, liquefied or dissolved under pressure.
  • Class 3 - Flammable Liquids
  • Class 4 - Flammable Solids
  • Class 5 - Oxidizing Agents and Organic Peroxides
  • Class 6 - Toxic and Infectious Substances
  • Class 7 – Radioactive substances
  • Class 8 - Corrosive Substances can dissolve organic tissue or severely corrode certain metals
  • Class 9 – Miscellaneous hazardous substances that do not fall into other categories, such as asbestos.

It is worth remembering that not only is the consignor of dangerous goods responsible for ensuring that those dangerous goods are correctly classified, they must also ensure that the goods are packaged in accordance with certain prescribed laws.
 
What is of particular importance to you as a broker is that SANS 10231 specifically requires the operator to ensure that it has insurance covering civil liability, recovery and rehabilitation costs.

 
Source: Camargue Liability Academy for Brokers (LAB)
 
« Back to previous page Print this page » |
 

Breaking News »

FPI awards – Winners announced

“We believe that hard work deserves to be rewarded, and that’s why we make sure that we recognise the outstanding achievers in the financial planning industry annually,” according to the Financial ...
Read More »

  

Advisors now more dependent on social media

Advisors now more dependent on social media “Amid the coronavirus pandemic, financial advisors are flocking to social media in order to maintain contact with clients and ...
Read More »

  

International Survey maps the future of home and motor insurance

International Survey maps the future of home and motor insurance A recent Deloitte survey aimed at discovering what customers want, and how COVID-19 has shifted their needs, ...
Read More »

  

Does digital assistance make insurance relevant beyond loss coverage?

In an era of digitisation and disruption, one aspect where most insurers come up short is providing real value beyond the insurance policy. Traditionally, insurers and brokers have (and continue to) only ...
Read More »

 

More News »

Image

Healthcare »

Image

Investment »

Image

Life »

Image

Retirement »

Image
Image
Image
Image
Image
Image
Image
Image
Image
Image
Image
Advertise Here

From The Glossary »

Icon

Nasdaq stock market:

The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies.
More Definitions »

 

Advertise

 

eZine

 

Contact IG

 

Media Pack

 

RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2020. All Rights Reserved.