Perhaps one of the least understood classes of short-term insurance is that of Liability. You become legally liable to compensate someone if you have caused them harm through an act of negligence on your part. The amount of compensation will depend on the magnitude of the loss they have suffered. The financial impact on a company or individual can be devastating in the event that they are found to be at fault. This is why Liability Matters.
It is our hope that the information shared on this site will be useful to anyone who seeks a better understanding of Liability Risk.
How to Recognize it, Reduce it, Manage it and ultimately Insure it.
Ken van Sweeden has been underwriting and developing liability products in the South African insurance market for some thirty years. The last eighteen years he has specialised in Directors and Officers Liability after successfully launching the first D&O product sold domestically in South Africa.
He joined Telesure firstly as a consultant in May 2012 and then as a permanent employee on the 1st July 2012. He is responsible for the underwriting and development of the Professional Liability suit of products that began with the launch of an Errors & Omissions (Professional Indemnity) product (4th March 2013). This was soon be followed by Directors and Officers Liability (1st August 2013).
Ken is an Associate of the Insurance Institute of South Africa by examination and a member of both the Institute of Directors of Southern Africa and the Professional Liability Underwriters Society (PLUS) in the USA.
The failings of a Professional Liability Group Scheme Aveshan Chetty – Liability specialist in disciplina Historically speaking, a group scheme was the perfect way for professionals to ensure that they were compliant in terms of the professional indemnity requirements of their industry, as well as saving a significant amount in insurance costs – dependingView Result
Executive Risk Management for SMEs By Ken van Sweeden Although directors and officers liability issues are well recognised for publicly traded companies, many SMEs largely ignore these issues because many directors of SMEs think that it can’t happen to them. This is largely due to the perception that only directors and officers of publiclyView Result
Ken van Sweeden
Telephone : +27 79 879 1735
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