{"id":484025,"date":"2021-04-19T12:56:01","date_gmt":"2021-04-19T10:56:01","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=484025"},"modified":"2021-04-19T13:58:59","modified_gmt":"2021-04-19T11:58:59","slug":"discovery-business-insurance-launches-new-business-specific-products","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/484025\/discovery-business-insurance-launches-new-business-specific-products\/","title":{"rendered":"Discovery Business Insurance launches new business-specific products"},"content":{"rendered":"<p>Discovery Business Insurance has added four new products to its tailored product offering.<\/p>\n<p>Each of these products is bespoke to an industry segment, and allows Discovery Business Insurance to fulfil its ambition of creating better businesses.<\/p>\n<p><a href=\"https:\/\/www.discovery.co.za\/portal\/employer-zone\/quote-request?product=STIB&amp;utm_source=BusinessTech&amp;utm_medium=article_april\" target=\"_blank\" rel=\"noopener\"><strong>Click here to get a quote from Discovery Business Insurance.<\/strong><\/a><\/p>\n<p>This aligns with Discovery\u2019s Shared-value business insurance model.<\/p>\n<h3 class=\"my-4\"><strong>Heavy commercial vehicles\u2019 (HCV) insurance<\/strong><\/h3>\n<p>Discovery Business Insurance already offered a dedicated insurance product for smaller commercial vehicles, but has now added a product for heavy commercial vehicles.<\/p>\n<p>\u201cFor some time we\u2019ve had large trucking fleets come to us asking if we can help them get their drivers to drive better,\u201d said Discovery Insure CEO, Anton Ossip.<\/p>\n<p>Discovery Business Insurance has now taken its experience in fleet management, comprising over seven million minutes of driving data, and introduced a product to suit the heavy commercial vehicles\u2019 industry.<\/p>\n<p>\u201cWe tested our driver scoring model on a trucking environment on a test track and simulated dangerous manoeuvres that could appear on the roads,\u201d said Ossip.<\/p>\n<p>\u201cWe are confident that our Vitality Drive for Business programme can assist drivers of HCVs to become better drivers, and will introduce significant benefits to business owners in terms of costs and overall road safety for society.\u201d<\/p>\n<p>Key features of this product include a complete technology solution offered by the Vitality DriveView device, which provides a dual-camera system recording inside and outside the vehicle for enhanced safety and security for drivers and other road users. In addition, clients can save up to 40% of their vehicle premiums for driving well and being certified by Road Transport Management System.<\/p>\n<h3 class=\"my-4\"><strong>Restaurant owners\u2019 insurance<\/strong><\/h3>\n<p>Discovery Business Insurance has offered tremendous value to restaurants since the onset of the COVID-19 pandemic, including 25% cash back on their non-motor premiums, providing them with financial assistance at a time when many restaurants have faced a cash-crunch.<\/p>\n<p>Discovery Business Insurance\u2019s new restaurant owners\u2019 product takes this a step further, and provides tailored benefits such as business interruption cover following a physical loss event, cover for other business premises and for stock kept at multiple premises, as well as cyber and accidental damage cover for point-of-sale devices.<\/p>\n<h3 class=\"my-4\"><strong>Healthcare professionals\u2019 insurance<\/strong><\/h3>\n<p>Discovery Health data shows that healthcare practitioners are transitioning to digital systems as a result of the changing nature of business accelerated by the onset of the COVID-19 pandemic.<\/p>\n<p>Discovery Insure has therefore developed a healthcare practitioner insurance product that offers important benefits such as insurance against cyber-attacks and an upfront payment of a portion of the business interruption claim for earnings foregone from Discovery Health following an insured event.<\/p>\n<p>The product also offers worldwide cover for the medical equipment of these healthcare professionals, \u00a0as well as expert legal assistance to help them abide by the POPI Act.<\/p>\n<h3 class=\"my-4\"><strong>Lawyers and accountants\u2019 insurance<\/strong><\/h3>\n<p>Lawyers and accountants have also increased their use of digital systems, and therefore need cover against cyber-attacks.<\/p>\n<p>Additionally, lawyers and accountants get value adds at no additional premium such as cover against reputational risks, discounts on new laptop purchases, and preferential rates on the Lexis Sign platform.<\/p>\n<p>\u201cWith these new products, we\u2019re cementing our support for South African businesses at a time when they face immense challenges,\u201d said Ossip.<\/p>\n<h3 class=\"my-4\"><strong>Special offer to celebrate 10 years in business<\/strong><\/h3>\n<p>Discovery Insure is celebrating its 10th birthday with a special offer for clients.<\/p>\n<p>If you are a small or medium-sized business in South Africa operating in the professional and personal services, with an acceptable claims history, Discovery Business Insurance will beat your current premium if you join before the end of September 2021.<\/p>\n<p><a href=\"https:\/\/www.discovery.co.za\/portal\/employer-zone\/quote-request?product=STIB&amp;utm_source=BusinessTech&amp;utm_medium=article_april\" target=\"_blank\" rel=\"noopener\"><strong>Click here to get a quote from Discovery Business Insurance.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Each of these new products allows Discovery Business Insurance to fulfil its ambition of creating better businesses.<\/p>\n","protected":false},"author":57,"featured_media":484027,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[13149],"class_list":["post-484025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-discovery-insure"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/484025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=484025"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/484025\/revisions"}],"predecessor-version":[{"id":484179,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/484025\/revisions\/484179"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/484027"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=484025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=484025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=484025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}