How to Keep Your Life Insurance Policy Up-to-Date: A Comprehensive Guide
Author: Andrew Friedmann
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How to Keep Your Life Insurance Policy Up-to-Date: A Comprehensive Guide
Life insurance is an important aspect of financial planning, as it ensures that your loved ones are taken care of in case of your untimely demise. However, life is unpredictable, and circumstances can change rapidly. This is why it’s essential to keep your life insurance policy up to date, to ensure that it’s still aligned…
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How to prevent your business being underinsured
When times are tough, some business owners try and save money by cutting on business insurance. Many have learnt that this can backfire horribly. When nationwide economic pressure is on, a business is struggling, and the bottom line is underpressure, many business owners try and cut costs in any way possible. Some do this by…
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SA’s massive shortfall in life and disability insurance
The gap in life insurance and disability cover in South Africa now stands at R34.3 trillion – fifteentimes the size of the country’s national budget. Most South African households would have to make drastic changes to their standard of living if themain income earner were to die or become disabled, as a new report shows…
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Commercial insurance and fire risk/prevention
Fires pose a real risk to any business, whichever sector it is in: retail, commercial, agricultural ortourist, manufacturing, construction or services. Devastating fires can start in a number of ways: vandalism/unrest, runaway veld fires/lightning strikes, equipment malfunction/electrical fires, employee or client negligence, fires spreading from neighbouring businesses, accidents or deliberate arson. Whatever the cause of…
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What is driving the increasing costs of commercial insurance?
Commercial insurance is getting more and more expensive – but not having it could mean the end of your business. Few business owners will dispute the necessity of commercial insurance – but in South Africa (and the world at large) it comes at an increasing price. What can business owners do to combat this? Some…