The word from ASR as they launch a new specialty product;
Africa Specialty Risks (“ASR”), the developing markets-focused (re)insurance group, announces the launch of a comprehensive general liability product for divers and dive schools across Southern and Eastern Africa.
Backed by A-rated Lloyd’s and third-party capital, the product offers up to R20 million of combined general liability cover for a broad range of dive and open-water risks. It is designed for recreational divers, professional instructors, dive masters, dive guides and swim and dive stores, with cover spanning activities including SCUBA diving, free diving, technical diving, snorkelling, skin diving, RSSA diving and swimming.
The product also includes a range of cover features and extensions, including legal expenses, product liability, employers’ liability, statutory defence costs and cover for wrongful arrest and defamation, as well as risks associated with equipment rental and transfer, tank maintenance and filling, confined and open-water activities, and operating dive boats.
Cover is available in South Africa, Mozambique, Zimbabwe, Swaziland, Angola, Lesotho, Namibia, Botswana, Tanzania, Kenya, Democratic Republic of the Congo, Madagascar, Comoros, Seychelles and Mauritius.
Tyrone Hopwood, Senior Underwriter, said, “Southern Africa is home to some of the world’s most compelling and scenic dive locations. Encouraging growth of this sector is an important part of our continent’s tourism economic development. However, given the risks, its also essential to have an insurance product that allows for safety and resilience.
“We’ve designed this product for all parts of the dive ecosystem, from recreational activity through to instruction, retail and operational exposures and we are pleased to bring this solution to provide tailored coverage for this sector.”
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