Authorised Financial Services Providers: 43281/45553/45915 Specialist Underwriting Managers

UNDERWRITTEN ON BEHALF OF NEW NATIONAL ASSURANCE COMPANY LIMITED

SEAMLESS INSURANCE HAS NEVER BEEN THIS EASY… When your reputation is at stake, selecting the right Underwriter to partner with has never been more of a challenge. We at

AC & E know how important it is building and maintaining strong and sustainable relationships. After all, your clients are our

clients.

With a number of service-excellence awards and over 20 years’ industry experience, AC & E Group is already the top choice

for many brokers. We have established a footprint in all the major regions in South Africa, enabling us to supporting our

brokers, which we believe is the key to success in building solid partnerships for the best interest of the Insured.

Furthermore, seamless integration between our Engineering, Professional Indemnity and Commercial product offering has

ensured our comprehensive solution-based approach is available nationwide – from the smallest of risks to the most

complex.

We understand that through strong partnerships, providing excellent service, timeous and fair claim

settlements, and being competitive, growth and success is inevitable.

Our exclusive partnership with South Africa's oldest short-term insurer, New National Assurance* , allows us to leverage off

their "A" level global credit rating as well as their Level 2 BBBEE rating

Partnering for success starts now........... Make the right choice for your business!

Territory

AC & E Engineering territorial scope include Sub-

Saharan Africa and the Indian Ocean Islands.

AC & E Pl & Liabilities’ territorial scope is World-Wide

with the exclusion of USA and Canada

AC & E Commercial territorial scope South Africa, Namibia,

Botswana, Lesotho, Swaziland, Zimbabwe and Malawi

Areas of Focus Over the years AC&E has assembled a highly competent

team of skilled specialists who can give technical

assistance and training.

With Engineering, PI & Liability, as well as Commercial

Insurance expertise, AC&E can provide tailor-made

solutions for all your underwriting insurance needs.

Efficient, experienced, competitive and dedicated-

Our priority is excellent service to our clients at all times!

AC&E have full authority to manage, authorise and settle all claims

supported by a claims mandate by New National Assurance.

*** backed by Munich Reinsurance Company of Africa Limited and GIC SA (S&P credit rating A-) - lead reinsurers on New

National Assurance’s Treaty Program.

We are committed to our valued broker partners, and to providing our clients with brilliant service and support. Our staff are all

of an extremely high calibre, respected in the industry for their technical and marketing abilities. We developed a staff base with

only the best qualified, experienced and skilled staff in the market.

Our underwriters and staff are all very experienced with the necessary training and background to provide hands on technical

support and assistance to our Brokers and assist with all enquiries.

Engineering Insurance - Our Engineering Classes of Business include

CONSTRUCTION RISKS INSURANCE

CONTRACT WORKS (CAR)

The Construction Risk Insurance provides

comprehensive cover for all or selected

contracting parties as required by the

conditions of contract. Cover can be

arranged on an annual basis or for a specific

contract to cover the risk of loss or damage

to the property insured (the “Works”) and to

third party property under the contractor’s

liability section of the policy. The standard

policy includes standard extensions of cover

for existing property which is in the

contractor’s custody for work thereon and

the removal of debris. The policy also

provides for optional extensions of cover

which may be required for specific

contracts.

The cover caters for all contracts, big and

small, such as the construction of private

dwellings or sectional title developments,

blocks of flats, schools, hospitals and larger

projects such as corporate offices,

factories, shopping centres and other

infrastructure, including roads, bridges,

pipelines and any other civil or structural

contracts.

DISMANTLING, TRANSIT AND ERECTION

Cover can be provided on specific contract

basis for loss or damage to new or existing

electrical and mechanical equipment during

machine moving operations, from

dismantling the plant, loading and

transporting plant to site, positioning

including lifting operations and thereafter

during installation and assembly of the

equipment. The cover extends to loss or

damage to the equipment being moved

provided that the value of such equipment

(either market value or new replacement

value) is included in the policy sum insured.

Cover in respect of testing is limited to new

equipment.

The cover can be provided on an annually

renewable policy, provided always that the

value of every contract including the value

of equipment being moved is declared and

noted in the policy schedule.

CONTRACTOR’S PLANT INSURANCE

PLANT ALL RISKS (P.A.R.)

The risk of loss or damage to contractors

owned plant and equipment which is

hired in can be insured under the

Contractor’s Plant policy. Cover is

provided anywhere within the territorial

limits for plant whilst at a contract site but

cover is extended to the Contractor’s

depot or yard, whilst the plant is being

transported to and from site and during

transit under own motive power.

The cover can be arranged based on the

Insured’s requirements and taking their

business philosophy into consideration

and various extensions of cover can be

provided as required.

Cover can also be provided for third

party liability on site and whilst the

vehicles licensed for road use travel on

public roads.

MACHINERY BREAKDOWN and BUSINESS

INTERRUPTION

Cover can be provided for the costs to repair

sudden and unexpected failure of electrical

and mechanical production machinery

(using new parts) and can be extended to

cater for Loss of Profit while the machinery

is being repaired following an event insured

in terms of the machinery breakdown

policy. In addition to the policy cover

extends to include provision for breakdowns

caused by operator error and ingress of

foreign objects.

The Machinery Breakdown cover can also be

extended to loss of product (raw material in

process) which was being processed when

the machine broke down and Deterioration

of Stock in cold storage, following

breakdown of the refrigeration equipment.

COMPUTER AND ELECTRONIC EQUIPMENT

(EEI)

Cover is provided for loss of / or damage

to Industrial Electronic equipment,

Computer and Electronic Data Processing

Equipment, IT installations, telephone

exchanges, cell phone networks and

associated ancillary equipment arising

from Fire and Allied perils including

Theft, Accidental Damage, Malicious

Damage and Machinery Breakdown. The

basic policy can be extended to cover

Increased Cost of Working.

Reconstitution of Data and losses arising

from the failure of electricity supply and

Telkom land line.

ENGINEERING RISKS INSURANCE

Engineering Contract insurance provides

cover for the construction and/or

installation of electrical and mechanical

machinery. The policy can be issued for a

contract involving installation of a single

machine or the construction of a

complete power generation or processing

plant. The Engineering Contract Works

cover can be tailored to include all the

insurable risks, including transport of

materials from any warehouse or

manufacturing facility in the territorial

limits until installation, testing and

commissioning has been completed and

the plant is handed over.

The cover can be offered on a specific

contract basis or on an annual policy basis

for specialist engineering contractors.

Liability cover can be provided for loss or

damage to third party property and injury

to persons.

SINGLE PROJECTS INSURANCE

Provides cover for a specific project comprising all contracts and

sub-contracts from commencement until completion and

handover in part or whole. The cover is ideal for multi-disciplined

projects as it ensures that insurance cover is standardised and the

Employer does not need to check all the contractor’s and sub-

contractors insurance policies or run the risk that the policies are

not maintained. The cover can be provided for turnkey projects

or principal controlled insurance (PCI) programs for duration of

the project, whether for a short period or a 3 year duration.

PI & Liability Insurance - Product offerings are: Professional Indemnity, Broadform Liability, Directors and Officers

Liability, Fidelity Guarantee, Events Liability, Employment Practices Liability and Medical Malpractice

ANNUAL PROFESSIONAL INDEMNITY

PROJECT SPECIFIC

PROFESSIONAL INDEMNITY

DESIGN & CONSTRUCT COVER

This policy provides cover for legal liability

arising out of negligence, error or omission

in the performance of professional duties

of various professional occupations. Cover

is on a “claims made basis” and provision

can be made for retro-active cover.

Provides cover for the legal liability arising

out of negligent act, errors or omissions in

the performance of professional duties for

all professionals and contractors involved

in a single project, either insured by the

Employer/Principal or the EPC (M)

contractor. The cover features First Party

cover prior to handover and legal liability

cover after handover. Provision is made for

retro-active cover in respect of conceptual

design work and also for an extended

reporting period for a maximum period of

7 years.

Provides cover for legal liability arising out

of error or omission in the performance of

professional duties of engineering

contractors who undertake turnkey

contracts or EPC (M) projects and includes

cover for mitigating losses prior to

handover. Cover is on a claims made basis

and provision can be made for retro-active

cover and an extended reporting period.

MEDICAL MALPRACTICE i.r.o. Allied

Healthcare Professionals

EMPLOYMENT PRACTICES LIABILITY

BROADFORM LIABILITY

This cover is available for Allied Healthcare

Professionals who cause injury to third

parties’ through their professional

negligence, errors and/or omissions.

This covers the Insured for legal fees,

damages, awards and/or settlements

following allegations of unfair labour

practices e.g. unfair dismissal, sexual

harassment, discrimination and failure to

employ, brought about by The CCMA,

Bargaining Council, Labour Court and/or

Arbitration Proceeding.

The policy provides cover for the legal

liability incurred by the insured, death or

damage to third parties/third party

property arising during the course of the

insured business activities. The cover

available provides for General liability,

Employers liability, Foundation Failure,

Products Liability and Defective

Workmanship. Cover can be provided in

respect of contractor’s liability for

specific/single contracts and projects on a

stand-alone basis or included in an annual

Broadform format.

EVENTS LIABILITY

AC&E PRIORITY – POLICY FOR FINANCIAL SERVICE PROVIDERS

Various legislation has brought about the need to insure

events – either on a once -off basis or by way of an annual

policy, if there is a need to host or arrange multiple functions

per year. The policy can be extended to include damage to

hired or leased premises, temporary structures, spread of

fire, food and drink, and emergency medical expenses. We

exclude event postponement and/or cancellation.

Priority is designed to offer professional indemnity cover, only for

Category I FSPs regardless of the sub-categories of license. The policy

will not satisfy FSB requirements for Category II, IIA, III or IV providers.

- Priority offers indemnity from R1 million for each and every

claim; with a maximum of R40 million in the aggregate.

- Priority offers varying levels of deductibles from

R25 000 upwards.

- Priority covers Key Individuals and Representatives for

negligent acts which result in a claim for damages being

made by a client as well as costs incurred in preparing a

defense against such claims.

- Priority does not cover fines and penalties, nor costs

associated with regulatory inspections. Dishonest employees

are also not covered.

- Premiums are determined by the amount of cover and the

number of representatives and support staff.

- Prior cover is available on request and subject to further

underwriting.

DIRECTORS & OFFICERS LIABILITY

Recent amendments to the Companies’ Act, makes directors

and managers liable in their personal capacity to claims for

their fiduciary mismanagement of the company. Claims are

usually made by Shareholders or Creditors.

AWARDS: Diamond & Golden Arrow Awards by PMR.africa 2012, 2013, 2014, 2015, 2016, 2017 & 2018

7 consecutive years on top*…We are doing something right!

AC & E, an award winning UMA - Proud to be the best Engineering, PI & PL and Commercial UMA in South Africa!

In 2012 AC & E received the prestigious Diamond arrow award placing us Number 1 in the Engineering market, we were voted “Best in Class” with regards to Engineering Insurance Business when compared against other insurers.

We’ve done it again in 2012, 2013, 2014, 2015, 2016, 2017…………and in 2018.

AC&E Commercial and AC&E PI and Liabilities were also awarded the prestigious Diamond Arrow awards respectively.

* PMR.Africa survey Diamond Award 2012 to 2018

Commercial Insurance

Our Unique Commercial Selection

AC & E Commercial has the underwriting expertise and experienced staff who we are confident will add value to all our clients, both existing and new.

AC & E Commercial can accommodate a wide range of

clients from SMME’s to larger Commercial clients, we

pride ourselves on offering our valued broker a wide

spectrum of Commercial products including:

Fire, Building Combined, Office Contents, Business

Interruption, Accounts Receivable, Theft, Money, Glass,

FG, Goods in Transit, BAR, Accidental Damage,

Employers Liability, PL, Stated Benefits, Group PA,

Motor, Motor Traders, Electronic Equipment, Machinery

Breakdown and Value Added Products (Road Assist,

Office Assist)

We have also extended our product offering to include

Body Corporate and Buildings Combined stand-alone

products.

Our brokers will always benefit from our new developments as well as famous service levels.

AC & E Commercial is a unique product, expanding the

Commercial Cover to include Incidental Construction and

Maintenance related risks, which is superior to any other

multi-peril policy available on the South African market.

AC & E’s Commercial Superior product is specifically

designed to provide seamless cover to our existing

Engineering and Contracting policy holders.

Our Partnering Brokers

The dawn of AC & E Commercial is the development of

stronger relationship with our broker base and we intend

to leverage our relationships with the corporate brokers

further.

We have established a strong market presence with a platform for growth and have the ability to write these classes of business in a fair and reasonable manner to the benefit of all our clients and partnering brokers.

The property owner is generally required to indemnify the contractor

for loss or damage to existing property in the course of construction

and can extend the cover under the Commercial policy to cater for any

damage to existing property, excluding the property which is physically

being worked upon and new works.

In instances where there is partial handover or the Construction project

has not been handed over due to whatever delays, an assets policy can

be started immediately providing that seamless cover, not freely

available in the market. Instead of having all the policies/cover with

more than 1 insurer – the insured will therefore have no interruption

in cover whilst waiting on sign off.

The AC & E Commercial Policy can be extended to provide cost

effective cover for the materials used in the course of renovation,

alterations and additions to existing property insured under the

commercial policy and damage to property in the custody and control

of the contractor for work thereon.

The Commercial Fire & Specified perils cover will therefore provide

indemnity for damage to existing property arising directly or indirectly

out of the construction process and the Construction section for

damage to new materials being used and damage to existing property

under the control of the contractor thereby providing seamless cover

during the renovation and alteration process.

The cover can be extended to indemnify the Insured against loss or

damage during routine maintenance and in respect of insured

machinery being moved within the Insured premises.

AC & E Engineering insure construction of buildings including factories

from when the earthworks and infrastructure is done until the

machinery and equipment is installed and tested and the building is

handed over.

The AC & E Commercial and Engineering policies provide seamless

cover where both the construction and permanent risk is placed with

the AC & E Group; there will never be a question about whether loss or

damage is insured under the Engineering or Commercial policies.

Similarly, cover can be provided for machinery and equipment being

moved between premises and the installation of new machinery.

Buildings Insurance, Body Corporates and Hospitality Products

We have proudly developed a simple yet comprehensive insurance

product in order to accommodate Property Owners and Developers

including Body Corporates, and incorporates the full spectrum of

Commercial Covers of a Multi-Peril product.

The AC&E Commercial Body Corporate product is extended to provide

the Insured with Seamless Cover where both the Liability and the

Engineering risk is placed within the AC&E Group.

The synergy which now exists between Commercial, Engineering,

Professional Indemnity & Broadform Liability allows us to service our

brokers with a much wider scope of available covers

AC&E COMMERCIAL BODY CORPORATE & SECTIONAL TITLE INSURANCE PRODUCT: -

Is designed to cater for the following kinds of risks:

a. Shopping malls & retail centres

b. Office parks and residential complexes

c. Body Corporates for Commercial and Domestic Sectional Title buildings

d. Home Owners associations insuring the common property stand alone

NB: Must be a Registered / Bonafide Sectional Title / Full Title / Body Corporate

Buildings - Additional benefits included, at no additional cost following damage by an insured peril

Accidental damage to sanitary ware Geysers (Solar , Electrical and warm water collectors)

Loss of rental All Electrical, Solar and warm water collectors

Escalation & Inflation Geyser Repair and Maintenance

Basic subsidence and landslip

Landscaped Gardens Office Contents

Emergency Residential Accommodation Office contents (Including Malicious damage to contents)

Generator Hire Theft (forcible and violent entry or exit)

Removal & Storage of undamaged Contents Theft (Non-forcible)

Removal of Trees Rent (sub-section B)

Security Guards Increase in cost of working

Building materials awaiting installation Remote Controls, Locks, keys and tags

Loss of Residential Water

Power Surge

Money

Major money cover Fidelity Guarantee

Personal accident Fidelity cover

Minor money cover

Receptacles or clothing Glass

Crossed cheques Glass cover

Locks and keys

Business All Risk

Maintenance tools, Garden tools, Cleaning equipment and Garden furniture

Accidental Damage

Accidental damage Liability Sections

Included Features

Public / Property Owners liability

Trustees liability

Employers liability

Optional Covers (cover can be included at an additional premium)

Theft

Theft (forcible and violent entry or exit) Machinery Breakdown

Theft (Non-forcible) Machinery breakdown cover

Remote Controls, Locks, keys and tags

Electronic Equipment - Limit to be specified on quotation request

Home and Office Assistance cover may be included upon request

Please note that this is a summary of the cover available. Please refer to the AC&E Commercial policy schedule and AC&E Commercial

policy wording for all relevant terms and conditions.

AC

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Head Office/Johannesburg - (011) 615 7529

Western Cape - (021) 035 1166

Durban - 082 4567050

Eastern Cape 082 859 4716

http://www.engineeringace.co.za/about-us/our-team/

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Commercial Underwriting: underwriting@engineeringace.co.za

Engineering Underwriting: processing@engineeringace.co.za

P.I & Liability Underwriting: underwritingpi@engineeringace.co.za

Commercial Claims: commercialclaims@engineeringace.co.za

Engineering & PI Claims: claims@engineeringace.co.za

Accounts: accounts@engineeringace.co.za

Other: info@engineeringace.co.za

For more on our products and services contact us on:

Johannesburg (011) 615 7529

Durban 082 456 7050

Western Cape (021) 035 1166

Eastern Cape (042) 296 2189

Pretoria 074 665 9594

Have a claim? Email claims@engineeringace.co.za for Engineering & PI claims

commercialclaims@engineeringace.co.za for Commercial claims

EXCELLENCE

It’s not only a skill

- It’s an attitude

SEAMLESS

EFFICIENT

RELIABLE