hero

Commercial legal insurance

Santam’s business legal insurance is a product designed to provide small and medium-sized businesses legal expense cover for legal costs and expenses brought against a business or incurred during business operations.

The cover includes business legal review – a service designed to help small and medium sized businesses with compliance on legal issues and identify non-compliance and legal risk areas in the business.

Key benefits of business legal insurance

Why should business have legal insurance?

Many small to medium sized business find it difficult to absorb the costs and expenses of legal compliance which is why business legal insurance is an affordable insurance solution for small businesses. 

Legal insurance offers business owners peace-of-mind in knowing that their business is protected against possible legal costs and expenses resulting from labour disputes, criminal matters, enforcement of contracts/ delivery of services or product and advice regarding effectively managing bad debt. 

What are the benefits of business legal insurance? 

  • Immediate, unlimited telephonic access to qualified lawyers (24 hours / 7 days a week)
  • Access to professional advice and legal representation in court
  • Access to customised contracts created to suit your needs – you can choose from 15 different types of agreements e.g. commercial lease, confidential agreement, restraint of trade, etc. 
  • Your will have access to legal business review – a service that you gives comprehensive analysis on your company’s  compliance and legal matters highlighting legal non-compliance and risk areas and supply tools to assist your business to comply.

Cover options and premiums 

Cover of up to R250 000 is provided at affordable monthly or annual premiums calculated according to the size of the business and number of employees.

Premium table:

R150 000 COVER

TURNOVER

1-30 EMPLOYEES

31-100 EMPLOYEES

ANNUAL REVENUE

RAND PER MONTH

RAND PER ANNUM

RAND PER MONTH

RAND PER ANNUM 

0-2 million

R180

R2 160

R205

R2 460

2-5 million

R250

R3 000

R275

R3 300

5-12 million

R480

R5 760

R500

R6 000

12-24 million

R650

R7 800

R670

R8 040

24-32 million

R720

R8 640

R740

R8 880

 

R250 000 COVER

1-30 EMPLOYEES

31-100 EMPLOYEES

ANNUAL REVENUE

RAND PER MONTH

RAND PER ANNUM

RAND PER MONTH

RAND PER ANNUM

0-2 million

R288

R3 456

R320

R3 840

2-5 million

R400

R4 800

R440

R5 280

5-12 million

R768

R9 216

R800

R9 600

12-24 million

R1 040

R12 480

R1 080

R12 960

24-32 million

R1 152

R13 824

R1 195

R14 340

32+ Referral

Learn more

How does the business quality?

Any small to medium sized business with turnover of up to R32 million can apply for business legal insurance. The following documents will be required for the application:

  • The name of the business;
  • The registration and VAT number of the business;
  • The number of employees at the business ;
  • An authorised representative of the company (a South African citizen with a green bar-coded ID or in possession of a valid South African work permit); and
  • An active business bank account.

How to get business legal insurance?

To get business legal insurance, please call 0860 102 725.

How to claim?

You can call 0860 777 878 to register a claim. Please have your policy number, ID number, surname and initials handy.

If a claim is registered, youwill receive a claim number.

The legal advisor will monitor the claim and appoint an attorney with the approval of the insured.

Welcome to our blog

Santam shares the latest news and fresh perspectives on issues affecting the insurance needs of our commercial and professional clients.

Hidden costs of starting a new business

Hidden costs of starting a new business

Learn more
How to estimate your start-up costs

How to estimate your start-up costs

Learn more
 Advice on running a successful business

Advice on running a successful business

Learn more
background