Petrosure Underwriting Managers is a niche short term specialist UMA offering unique, innovative & tailor-made risk management driven solutions to the Fuel & Motor Retail industries.
INTEGRITY | PASSION | INNOVATION
The company consists of dynamic, black economically empowered multidisciplinary individuals drawn from a team of dedicated professionals and entrepreneurs.
Petrosure is a specialist Underwriting Management Agency underwriting on behalf of Old Mutual Insure (a BBBEE level 1 risk carrier). In a world of unpredictability, our cutting-edge risk management solutions will help you navigate the treacherous terrain with a peace of mind.
Through our years of experience working within the fuel Industry, we understand the potential difficulties you are facing on a daily basis. We can successfully assist both Fuel Retailers who operate under a lease and rental agreement, and those who own the land and buildings where the business operates from.
Accidents, crime, floods or fire can happen to anyone, but our experienced brokers and staff will assist you from end to end with top quality advice leaving you to focus on running your business as best you can.
We are an experienced and well-established Underwriting Manager, offering reliable and sound risk management driven solutions. You will receive professional advice and guidance from our specialist brokers Our experienced brokers will personally conduct site visits of your business to assist with a risk assessment.
The Petrosure product offers a unique one stop shop solution for the Fuel Retail & Motor Retail Industries. We have bespoke, market leading enhancements tailormade specifically for this strategic niche sector of our economy.
Through our intimate knowledge of the markets we specialise in and our intrinsic understanding of our clients’ needs, we are able to offer an excellent value proposition for our clients.
Here are some of the risks we underwrite, but are not limited to:
Our unique product offering includes cover for a number of risks that are specific to Fuel Retailers.
Forecourt negligence specifically covers all Forecourt related negligent acts by the petrol attendants. Risks covered includes: Incorrect dispensing of fuel ie: petrol into a diesel vehicle and vice versa Failure to properly close radiator, oil, and bonnet leading to damages. Failure to remove petrol pump from dispensed vehicle leading to damages
A Fuel Retailer’s Guarantee is the perfect solution for Fuel Retailers who need to provide a guarantee that is secured by an Insurer. Simply put, the Retailer would be able to invest capital in their business with the peace of mind of being covered, instead of collateral, cash or assets being tied up at the bank.
Service Stations by their very nature are attractive to criminal syndicates because of their cash-intensive nature. It is for this reason that risk management measures are adhered to without compromise to avoid loss of lives and protect assets. Our money cover automatically include cash in transit cover from the premises until the bank or cash counting centers provided professional cash carriers are employed in the movement of cash.
Partner with a specialist Underwriting Management Agency that has cutting-edge risk management solutions.
Retailers realise significant drop in fuel volumes from last year DURBAN – The majority of South African fuel service stations were just barely making it…
Retailers realise significant drop in fuel volumes from last year The retail margin to fuel service station owners is based on a fixed cents-a-litre formula…