Specialist Insurance

Businesses with specialised risk exposure need a risk management partner that understands their specific requirements. 

Market Leading Specialist Insurance Broker

Under the new Consumer Protection act and the new Companies Act business enterprises are exposed to risks that they have never been exposed to in the past. Let Kayser Baird assess your business and explain your specific risks to you so that we can work with you in partnership to either insure or mitigate against these risks.

Kayser Baird also has binder agreements in place with Santam that enable us to manage 98% of administration and claims handling for our clients. This puts us in firm control of the customer experience and over the last 35 years we have built a reputation for speed, accuracy and diligence in the way we handle policy administration and claims.

In addition to Santam products, Kayser Baird also offers Discovery Insure, Old Mutual Elite, Echelon and MUA products to meet the needs of those clients looking specifically for the products offered by these insurers.

Carriers Cargo Liability Insurance

Carriers Cargo Liability insurance protects a carrier against their liability for loss to their customers goods during transit. This form of Goods In Transit (GIT) insurance is specifically structured to insure the carriers liability rather than the goods themselves. This ensures that the carrier enjoys the same cover as the traditional GIT policy whilst being compliant with the short term insurance act.

Commercial Transport

Kayser Baird has extensive experience in heavy commercial vehicle insurance and underwrites with South Africa’s leading insurance companies in this specialist area.

We cater for companies owning single trucks to large fleets such as national freight companies. We provide both conventional commercial transport insurance, as well as self funding structures where our larger commercial transport clients can benefit from their scale by sharing in the risk and reward.

For smaller commercial vehicle fleets we can also accomodate elements of self insurance through deposit premium cover and flexible excess structures.

Contact us to discuss your requirements with one of our transport specialists.

Directors Liability

The Companies Act makes Directors and Officers Liability Insurance mandatory

The Companies Act introduced in 2008 holds Directors and Officers accountable for any wrongful act or negligent action, as well as any breach of fiduciary duty. The act has rendered Directors and Officers Liability Insurance crucial for all companies regardless of size or incorporation. When a Board of Directors is assembled, Directors and Officers Liability Insurance is mandatory and no person should consider taking up a position as a Director before ensuring that there is cover in place.

Of critical importance, is the fact that D&O cover includes defence and settlement costs. Many claims are either successfully defended, or result in settlements where the decision maker was not at fault – so it is not enough that companies try to manage this risk by checks and balances alone. A senior person in a business could be sued maliciously, or for any number of reasons, and whether there is any basis for the claim or not, the individual must defend him or herself to protect their personal assets.

Who is exposed?

  • Past and present Directors, managers, supervisors, company secretary and committee members
  • Non-profit organisations: President/Secretary/Treasurer

What is at risk?

  • Personal Liability: property, cars, assets, savings, pension funds
  • Spouses, heirs and estates that may be named in a suit
  • Financial impact of defence costs

What does D&O Insurance cover?

  • Wrongful act: breach of duty, error, omission, misstatement or misleading statement resulting in losses to shareholders, staff and creditors. Includes defence costs
  • Costs, charges and expenses incurred for defence of allegations of wrongful acts, criminal acts, wilful misconduct, reckless trading, breach of authority and breach of trust (All costs, charges and expenses shall be repaid should the defence be unsuccessful)

Where do claims come from?

  • Shareholders: accounting fraud, dividend declaration, financial performance, breach of fiduciary duties, inadequate disclosure, insider trading, investment/loan decisions, bankruptcy, mergers and acquisitions
  • Employees: breach of contract, compensation duties, defamation, discrimination, employee benefits, employee conditions, failure to hire or promote, harassment, whistle blowing, wrongful termination
  • Competitors: anti-competitive violations, business interference, contract disputes, copyright/patent/trademark infringement
  • Regulators/Government: civil rights, consumer protection, environment, fraud, securities, taxes, work conditions
  • Customers: contract disputes, debt collection, fraud, refusal of credit
  • Liquidators / Administrators


Examples of claims

Case study 1 – Claim against Body Corporate Committee member

The board of Directors of a body corporate hired a contractor to perform significant work on the buildings common areas. The board paid the contractor the full cost of the job prior to any work being completed. Soon after, the contractor filed bankruptcy without completing any of the work. Upon investigation, it is determined that a member of the board has a personal relationship with the principal of the contracting company. The apartment owners subsequently sued the board for mismanagement of funds to the amount of the contract, R200 000

Case study 2 – Claim against Officer of company by disgruntled staff member for sexual harassment

The claimant was dismissed from her employment for gross misconduct on the grounds of her failure to pass a test. The claimant subsequently sued her former employers together with a number of colleagues one of whom was deemed to be an Officer of the company, alleging sexual discrimination and sexual harassment. The complaint was ultimately settled for R650 000, without defence costs

Case study 3 – Claim against Director in an acquisition

The acquiring company in a UK acquisition launched proceedings against the principal Directors of the target company, alleging negligent and/or fraudulent misrepresentation of the financial standing of the company. The amount claimed was the entirety of the purchase price. Loss: Estimates of the defence costs exceed several million pounds

Case study 4 – Claim against senior Director from shareholder for breach of duty

The Vice President of a manufacturer determined that diversification into a different product line presented tremendous sales potential for his company. Instead of presenting that opportunity to his employer, the VP shared it with his brother who formed a new company to produce such product. On behalf of the company, a shareholder sued the VP alleging that he wrongfully took advantage of an opportunity belonging to the corporation. The suit eventually settled for R2.5 million

Case study 5 – Claim against Director for wrongful termination

A former employee discovered illegal transactions involving retirement funds. Shortly after reporting the violations, she was retrenched by her employer. She filed a suit alleging wrongful termination. The total loss exceeded R1 000 000

Kidnap and Ransom

Hundreds of people are kidnapped across the globe every year and the cost of a kidnap can be devastating to an individual or to a company.

Kidnap and Ransom Insurance is very specialised cover, and there are few brokers in South Africa with the knowledge to give you the right advice in this area. Through our partnerships with the top insurers, we provide our clients with access to the best insurance products and expertise in crisis management.

Through Praesidio Risk Managers, Kayser Baird is able to offer its clients access to cover from Hiscox, the world’s largest provider of specialist kidnap, detention and extortion insurance.

Based in London, Hiscox has exclusivity with Control Risks – the global leader in independent security consulting.

Control Risks is unequalled in their experience with resolving cases of kidnap, piracy, extortion, threat and illegal detention. They have been operating since 1975 and have over 42,000 case-days of experience built from over 2000 individual cases.

Insurance for Kidnap and Ransom can be as murky and uncertain as the underlying issue. Many of the policies available on the market do not deal adequately with the extremely complex process of managing a case of kidnapping.  In many ways, the insurance cover itself is secondary to the services offered by the appointed crisis management consultant, and in a situation where a staff or family member is kidnapped, having the right consultant handling the case is an important factor in a positive outcome.

Historically, cases of Kidnap and Ransom have been relatively isolated to Latin America – but this is now a Global issue and a particular concern for South African companies sending staff into African countries.

Why Kayser Baird?

  • We have recognised that there is a lack of expertise in K&R Insurance in South Africa and have created a specialist K&R area in our business.
  • We allocate 10% of your premium towards training you in how to deal with staff travelling to dangerous locations
  • We understand the problems with K&R Insurance and have taken special measures to ensure your confidentiality from within our own business
  • We will help you to deal with the paradox that your own staff should not be aware that there is K&R Insurance in place
  • Kayser Baird was founded in 1987 and has a long track record and impeccable reputation in the provision of short term insurance services

What Kidnap and Ransom Insurance Provides

K&R policies do not pay the ransom on the insured’s behalf. It is reimbursement cover, that covers a loss incurred by the insured.

Importantly, a Kidnap and Ransom Insurance Policy pays for the fees and expenses of the consultant company appointed to manage the case. The consultant will work hand in hand with the insured to ensure that the response to the incident is handled in the best way. Control Risks will deploy consultants to the company and / or family of the employee or individual, and also to the country where the kidnapping occurred.

What is covered?

  • Kidnap
  • Extortion
  • Product Extortion
  • Political or Wrongful detention
  • Hijack

Typical losses included

  • Ransom
  • Loss of ransom monies in transit
  • Legal liability
  • Additional expenses
  • Personal Accident
  • Business Interruption
  • Emergency Political Evacuation
  • Product Recall
  • Threat Assessment
  • Child abduction

Marine Cargo Insurance

Marine Cargo Insurance has existed for many centuries and covers losses from physical damage to cargo and related liabilities. Cover extends from the sea transit leg to a period whilst in storage, after which it will be seen as property requiring different insurance.

The types of Cargo Policies that exist include;

Marine Cargo – Imports and Exports

This covers General Cargo generally shipped in containers. Certain products such as perishables or commodities will require specialised, specific cover. Marine Cargo insurance will cover the consignment for the full duration that our client is at risk, from the seller’s to the buyer’s premises including storage along the way.

Marine Cargo Insurance can be taken as a once-off policy or an ongoing open policy where cover remain in place for all consignments and premium is calculated on a declaration basis.

Inland Transit or Goods In Transit

Covers local transit of goods within the country and includes some neighbouring countries for transport of goods that does not include a sea-leg.

Marine Advanced Loss of Profits

Covers loss of profits and increased cost of working following a claim against a Marine Cargo Policy for an event that results in loss of production, turnover or a delay in start-up due to damaged critical equipment.


Covers the shipping container in which good covered by a Marine Cargo Policy are shipped.

Stock Throughput

Covers storage and local transit of stock in a more specialised way for complex transit journeys.

Prize Indemnity Insurance

Hole-in-one insurance

If you are putting up a prize for a hole in one at a golf tournament we can insure you against the 40 000 to 1 chance that somebody makes the ace. The rates for this cover depend on a number of factors including the number of players in the golf day, the value of the prize and the length of the hole.

Record Covers and Performance Bonus insurance

If your company is involved in athlete sponsorship and liable for performance bonuses we can insure you for your contribution for broken South African / world records and performance achievements.

Chance Wins

Prize indemnity insurance is also available for certain sporting events and competitions including guessing games.

Professional Indemnity

Under construction please check back soon


Under construction please check back soon.


Under construction please check back soon.


Contract Works

Under construction please check back soon.

Happy clients

Directions to Cape Town Office :

If you are coming from Cape Town CBD on the N1, take the Willie Van Schoor/Durban Road turn-off and then turn left at the intersection. When you get to Bill Bezuidenhout Avenue turn left, then carry on straight until you get to Carl Cronje Drive.

Turn right at the intersection and then immediately left into the Avanti Tower Office Block.

If you are coming from Paarl on the N1, take the Willie Van Schoor/Durban Road turn-off and then turn right at the intersection. When you get to Bill Bezuidenhout Avenue turn left, then carry on straight until you get to Carl Cronje Drive.

Turn right at the intersection and then immediately left into the Avanti Tower Office Block.

Directions to Durban Office:

If you are coming from Durban go up fields hill, past the Kloof Village Rd turn-off and then take the Abrey Road turn-off (exit 24) as if you are going to the Kloof Golf Course. When you get to the top of the glide-off turn left, left again into Lyngarth and when you get to the T-Junction at Abrey Road you will see our building on your left hand side.

Coming from Pmb / Hillcrest take the Abrey Road turn-off (exit 24), turn right over the M13 and turn left in Lyngarth. At the T-Junction at Abrey Road you will see our building on your left hand side.