Santam will pay up to 1 billion ZAR (60.58 million USD) of indemnities for the insured who benefit from a business interruption coverage [4] and whose business activity ceased or was interrupted due to Covid-19.
Aside from the hotel, leisure and non-core retail sectors, the big companies are excluded from this coverage.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fcoronavirus-santam-to-support-the-insured-in-business-interruption&text=Coronavirus%3A+Santam+to+support+the+insured+in+business+interruption
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fcoronavirus-santam-to-support-the-insured-in-business-interruption&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/pandemic-risk-future-eldorado-of-insurers
[4] https://www.atlas-mag.net/en/article/pandemic-threat-and-coverage-for-business-interruption-with-no-material-damage