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Marine Insurance
Logisticor can provide marine insurance upon request. By insuring cargo through Logisticor’s group scheme, underwritten by Lloyds of London, clients automatically qualify for more competitive rates and wider cover. The rates are firm and normally not affected by one or two claims.
We also assure cover by accepting the responsibility of timeously declaring all shipments to the underwriters. Customers have the further benefit of one-stop insurance that includes the settlement of legitimate, fully documented claims within seven days.
In 2002, the Financial Services Board introduced the Financial Advisory and Intermediary Services Act, Act No. 37 of 2002 (FAIS), requiring representatives in the financial services / insurance sector to not only implement stringent reporting and control structures as defined by the Act, but to ensure that all representatives offering services within this sector hold valid predefined qualifications. We are pleased to announce that Logisticor has put all the necessary measures in place regarding FIAS compliancy.
We also assure cover by accepting the responsibility of timeously declaring all shipments to the underwriters. Customers have the further benefit of one-stop insurance that includes the settlement of legitimate, fully documented claims within seven days.
FAIS compliancy
In 2002, the Financial Services Board introduced the Financial Advisory and Intermediary Services Act, Act No. 37 of 2002 (FAIS), requiring representatives in the financial services / insurance sector to not only implement stringent reporting and control structures as defined by the Act, but to ensure that all representatives offering services within this sector hold valid predefined qualifications. We are pleased to announce that Logisticor has put all the necessary measures in place regarding FIAS compliancy.
