What types of risks are on the decline list?

The following risks cannot be placed on Camargue’s SME scheme (although many can be written on a non-scheme discretionary basis):

  • Companies that are domiciled outside South Africa
  • Financial Institutions (as defined below)
  • Tobacco
  • Agricultural Co-operatives
  • Cell phone retailers (air time and handsets)
  • Jewellers
  • Motor spares
  • Gambling of any nature
  • General hauliers (including logistics and 3rd party warehousing)
  • Pharmaceuticals
  • Security companies and cash distribution
  • Financial institutions (e.g. banks, insurance companies, fund managers, stock brokers, etc)

Also note that indemnity is limited to R500,000 per event on the SME scheme. 

Commercial Crime