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SPECIAL EDITION 1
MAY 2011
BnB SURE TAX & CPA LEGAL COSTS SECTION
Another first from BnB Sure. We can now offer our policyholders Tax and CPA legal costs cover
TAX LEGAL COSTS
It is well documented that SARS is becoming more competent and more aggressive in targeting individuals and businesses irrespective of their size and taxpayers who believe they have done everything required of them can still find themselves in trouble after a visit from the taxman.
The new section will give the insured legal tax experts to handle these matters on their behalf with SARS should the need arise and this section pays the legal costs.
CPA LEGAL COSTS
The new legislation surrounding the Consumer Protection Act, 2008 (CPA) means that the risks for B&B and guesthouse owners are increasing exponentially and defending cases as a result of legal action can be huge as can the amounts claimed. The legislation around the new CPA is still very new and untested in many respects.
Disgruntled guests are now in the position, for the first time, to be able to pursue these matters further, without engaging in the costs of legal representation and to submit claims along the lines one could expect for liability claims and these can be very expensive to defend. This section pays those legal costs.
LEGAL EXPERTS
It is with this in mind that BnB Sure is now able to offer a new section to the policy that provides the insured with access to top tax and legal professionals who will effectively and competently assist the insured when they need it most.
SECTION LIMITS
The section has a limit of R300,000 per annum for the two portions of the section combined at a premium of a mere R250pm - R3000 per annum and that's approximately two consultations with an attorney if the insured had to defend him/herself.
THOUGHT FOR THE MONTH
You can't learn everything you need to know legally.
John Irving
“INTELLIGENT INNOVATIVE INSURANCE”
Disclaimer
“Any information or suggested structures for insurances are by way of example and based on general information rather than client specific information. Should any of these suggestions appear to be relevant it is vital that these are discussed with the specific requirements of the policyholder in mind.
Furthermore, BnB SURE cannot guarantee the accuracy of any of the information listed in any article written by a third party.”
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