Extension to Contractors All Risk
SASRIA Cover
Riot, strike and public disorder damage is excluded from conventional construction policies in South Africa. SASRIA SOC Ltd is the only provider of that cover, and it is added as an extension to an underlying policy you hold.
- Who writes it
- SASRIA SOC Ltd
- How it is sold
- As an extension
- What it attaches to
- A policy you hold
- Where it applies
- South Africa
- Who sets the rate
- SASRIA, not us
What it is
The cover only SASRIA writes
What it is
SASRIA is the South African Special Risks Insurance Association, now SASRIA SOC Ltd, a state-owned insurer. It exists to carry the risks the conventional market will not touch: riot, strike, civil commotion, labour disturbance, public disorder and terrorism.
Your or policy excludes those events. The SASRIA extension is added on top of it, so whatever that policy insures can also be covered for unrest damage. We arrange the extension with the policy and confirm the limit on your schedule.
What is covered, and to what limit, is set out in your policy wording and schedule. This page is a plain language summary, not the policy.
What it covers
Unrest damage, on your site
What it does
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Check whether the policy you already hold carries the extension, because some already carry it and the contractor was never told
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Add the extension to the right underlying policy
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Confirm the limit and the period with you in writing before you rely on it
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Renew it when the underlying policy renews, and arrange an extension of the period when the contract runs late, subject to the insurer agreeing it and any additional premium
What it does not do
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Cover anything your underlying policy does not cover
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Work at all without an underlying policy in force
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Pay consequential loss (knock-on losses such as delay costs) beyond the extension limit
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Cover business interruption, unless that is arranged separately
How the extension works
It sits on one named underlying policy It runs for the same period as that policy The limit is confirmed on your schedule It renews when the underlying policy renews One extension per underlying policy SASRIA sets the rate, not the broker
Common questions
Are strikes and riots covered by my CAR policy?
Not on their own. Conventional construction policies exclude riot, strike and public disorder, so damage from those events is not covered, whatever else the policy covers. Only the SASRIA extension picks those events up. We raise it on most projects, and we work through whether it suits yours before you buy it.
Can I buy SASRIA on its own?
No. It is an extension, so it needs an underlying policy in force to sit on. If you do not have one yet, the extension is most often attached to a Contractors All Risk policy. Tell us what the project involves and we will work through which policy fits, then arrange the extension on it.
Who is SASRIA?
SASRIA SOC Ltd, a state-owned insurer. It began as the South African Special Risks Insurance Association, set up to carry the unrest risks the conventional market will not write. It is the sole provider of that cover in South Africa, so this cover is not shopped between insurers the way a CAR policy is.
Do I already have it?
Possibly. Some construction policies are issued with the extension already on them and the contractor does not notice. Send us your schedule and we will tell you what is on it, whether we arranged the policy or not.
What happens if my project runs late?
The extension runs with the underlying policy, so when we extend the CAR policy the SASRIA cover extends with it. Tell us before the original completion date, not after it has passed.
Does it cover business interruption?
Not as part of this extension. SASRIA cover for standing charges (fixed costs that run on while the site is stopped) and interruption is arranged separately, on the policy it belongs to. Ask us and we will tell you what is available for your project.
How is it priced?
SASRIA sets the rate, not the broker. It is calculated off the sums insured on the underlying policy, so the premium moves when the contract value moves. We show you the figure before anything is bound.
Add SASRIA to your cover
Tell us which policy you are on and we will check whether the extension is already on it. If it is not, we will arrange it with the insurer and confirm the limit in writing before you rely on it. No obligation either way.