With the nationwide COVID-19 lockdown having been extended for a further two weeks, many businesses, especially small, medium and micro-enterprises (SMMEs) are under increased pressure to manage their cash flow. In light of this, Stalker Hutchison Admiral (SHA) Risk Specialists, a wholly-owned subsidiary of Santam, is now offering premium relief to qualifying policyholders.
Gareth Beaver, Chief Executive Officer (CEO) at SHA explains that the relief program is intended for current SME policyholders that are in financial distress as a result of the pandemic. Brokers can apply for deferred premium relief through SHA’s Pocket Underwriter platform. “This will allow policyholders to defer premium payments for a period of time on policies that they hold with SHA.”
Beaver further explains that, policyholders’ retroactive cover and ability to claim for any insurable event will remain unchanged during this time. “We have adopted a simple yet effective application process to ensure that we review all requests timeously. Brokers can apply via our Pocket Underwriter platform on behalf of their clients at the click of a button, answer a few qualifying questions following which the application is automatically sent to SHA for approval.”
The nationwide lockdown has impacted the cash flow of many companies and every bit of relief that businesses can get can make a real difference. “We urge all advisors to enquire to see if their clients qualify for SHA’s deferred premium relief offering, should their clients qualify” Beaver concludes.
PLEASE TAKE NOTE: Applications for May 2020 premium deferral will close on 24th of April 2020.