Comprehensive Funds Protect cover
Glenwood Brokers • July 5, 2021
Funds Protect business and personal product cover offering by PHISHIELD UMA (Pty) Ltd.
This product will protect your business funds against fraudulent activity from a loss of funds in an account in your business name as a result of a fund transfer whether authorised or unauthorised due to fraudulent conduct of a third party which is irrecoverable from your financial Institution or third party. A similar product is also available to personal clients.
Some examples of the cover this product will provide are the following EFT scams , Hacking and Vishing attacks , ATM scams , Holiday scams , Bogus property rentals , Email interception fraud , Transactions due to stolen identity ,demand for ransomware attacks, Sim Swap fraud , online banking fraud , online shopping fraud. Please contact us if you are interested.
A similar product is also available to personal clients.
Virtually every short-term insurance policy contains a Disclosure Notice or Disclosure Clause. This principle is equally applicable in the Life Insurance Industry, although the wording and application may differ from policy to policy or contract to contract.
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