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01

WHO ARE
WE?

Broker Protect is a Professional Indemnity Scheme specially designed for Financial Service Providers in South Africa.

The Scheme started in 2003 and currently takes care of the needs of more than 2000 FSP’s in South Africa. Previously just known as a PI Scheme for brokers administered by Snyman and van der Vyver Financial Services, the scheme aims to provide a sustainable and service driven PI solution for today’s broker.

With a proven track record and years of experience we invite you to contact us for a quotation. If you are already a client we thank you for trusting us with your PI needs.

02

WHAT IS
COVERED?

Your PI cover kicks in when a third party (client) claims from you for a financial loss that he/she has suffered, due to your negligent act, error or omission in your work performed for the client.

The policy, in general terms, covers you against:

  • Your costs to defend a claim against you;
  • to pay the claim if you are wrong and the claim succeeds;
  • all legal costs – even those of the other party if so ordered.

Various add on extensions are also available to cover all aspects of liability for your business.

Download forms for print:

03

REQUEST
A QUOTE

If you are interested, we would like you to get in contact with us. There is an application process to follow in order for us to correctly underwrite your activities and generate your unique quotation.

Complete the application form here and email back to michele@svdv.co.za

Alternatively fill in your contact details below and we will contact you.

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We pride ourselves in providing prompt quotation turnaround times with minimum effort required by you.

04

REGISTER
A CLAIM

Knowing what to do and what not to do when a claim is pending, is very important.

We have made this process easy and attached are two documents that will take you through the process step for step.

  1. A claims process document – This document clearly sets out your rights and the process when you have an incident that could lead to a claim or a claim that has been made against you as FSP.
  2. A claim form to notify the underwriters.

05

NEWS &
INDUSTRY
ARTICLES

Broker Protect is there not to just take care of you as an FSP when there is a claim, but also to inform you of actions you can take to prevent claims and reputational damage such claims can cause.

We will be sharing our social media articles here and also keep you informed of developments on the scheme as need be.

06

THE
TEAM

The dedicated role-players involved are:

Len Faul: Manager of the Scheme

He holds a B Proc degree from the Nelson Mandela University in Port Elizabeth. Len was employed by Santam for a period of 19 years and was one of their legal department managers for many years. He also headed the liability section of the legal branches and has in depth knowledge of the law of delict. Len joined Snyman and van der Vyver in 2016.

His involvement includes the following:

  • He is involved on a daily basis and continuously looks to enhance the scheme as the environment changes.
  • He negotiates with the Underwriter on terms.
  • He studies each claim / incident to represent the facts to the Insurer, prompts the FSP for information and generally represents the FSP to ensure a speedy process.

Michele Jordaan: Consultant

She has been the Senior Consultant of the PI desk for the past 7 years. Her main tasks include the overseeing of the scheme, renewals and help with reacting to queries.

Adele Niemand: Consultant

Adele is the newest member to the team and acts as a consultant. She also deals with the renewal process and general administration of the scheme.

07

LEGAL &
DISCLOSURES

As always in our highly regulated area there are some legal information we need to give you. Please familiarise yourself here:

08

CONTACT
US

Len Faul
021 940 8016
len@svdv.co.za

New Business & Queries:
Michele Jordaan
021 940 8003
michele@svdv.co.za

Annual Renewals & Queries:
Adele Niemand
021 940 8042
adele@svdv.co.za

Please fill in your details and we will get in touch

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