Insurance for the Gig Economy: Protecting Freelancers and Contractors
Author: James Britz
-
Insurance for the Gig Economy: Protecting Freelancers and Contractors
In South Africa, the gig economy is on the rise, driven by both choice and necessity. Approximately 10-15% of the workforce now comprises freelancers, independent contractors, and gig workers. This shift is fueled by job losses in traditional sectors and a growing desire for greater work-life balance and improved earnings. Freelance, temp, contract and gig…
-
Warranty and Indemnity Insurance: A Key Tool in M&A Transactions in South Africa
Warranty and Indemnity (W&I) insurance has become essential in global mergers and acquisitions (M&A) transactions, and South Africa is no exception. This specialised insurance product provides financial protection to buyers and sellers against unknown liabilities that may arise from breaches of warranties and indemnities in transaction agreements. As M&A activity continues to grow in South…
-
Understanding the Unique Needs of Marine Insurance
Marine insurance is crucial for businesses involved in international shipping, as nearly 90% of global trade is transported by sea, according to OECD research. This demand for maritime transport is particularly significant in South Africa, where shipping supports 70% of the country’s trade and is a major contributor to the economy, as noted by Statista.…
-
Understanding Your Insurance Claim: A Story of Unexpected Pool Damage
At Risk Benefit Solutions (RBS), we understand how daunting insurance claims can be, especially when dealing with unexpected damage to your home. Recently, one of our clients faced an unusual situation involving their swimming pool, and we want to share their story to help you understand the process and our commitment to supporting you. Imagine…
-
Understanding the Key Drivers of Insurance Costs by Risk Benefit Solutions
In today’s rapidly evolving world, insurance costs are influenced by many factors, many of which are interconnected and complex. At Risk Benefit Solutions (RBS), we understand the importance of being informed about these drivers to make the best decisions for your insurance needs. Below, we break down the primary factors currently driving the insurance cost,…