Seeking an insurance broker to provide legal liability insurance for diamonds at the Diamond Exchange and Export Centre for 36 months. This coverage is essential for safeguarding against potential legal claims related to diamond transactions.
The South African Diamond and Precious Metals Regulator is inviting tenders for the appointment of a qualified insurance broker to deliver comprehensive legal liability insurance coverage for diamonds managed at the Diamond Exchange and Export Centre (DEEC). The selected broker will be responsible for providing a policy that protects against legal claims arising from the handling and trading of diamonds, ensuring that all operations comply with relevant regulations and standards.
This tender requires brokers to demonstrate their expertise in the insurance sector, particularly in legal liability coverage related to precious metals and gemstones. The contract will span a period of 36 months, during which the broker must offer ongoing support, risk assessment, and policy management. The successful bidder will play a crucial role in mitigating financial risks associated with potential legal disputes, thereby enhancing the operational integrity of the DEEC and fostering confidence among stakeholders in the diamond industry.
This tender is suitable for insurance brokerage firms with expertise in legal liability coverage, particularly those experienced in the precious metals and gemstones sector. Businesses that can demonstrate a strong track record in risk management and compliance within the diamond industry are encouraged to apply.
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