End-of-Year Checklist for Business Owners: Insurance Updates You Should Make
Category: Business Insurance
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End-of-Year Checklist for Business Owners: Insurance Updates You Should Make
As the year draws to a close, business owners must review and update their insurance policies to protect them against various risks. Here is a comprehensive checklist covering key areas such as liability, property, and cyber risks to help you navigate this process. 1. Review and Update Policy Details 2. Liability Insurance 3. Property Insurance…
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The Role of Insurance Brokers in Crisis Management
Crises, whether natural disasters, economic downturns, or global pandemics, can disrupt business operations in unexpected ways. When these events occur, insurance brokers play a vital role in helping companies navigate uncertainties, adjust coverage, and ensure they remain protected. Adjusting Coverage in Uncertain Times During a crisis, businesses often need to reassess their insurance policies to…
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Insurance Literacy: Empowering Clients to Make Informed Decisions
Understanding your insurance policy is essential for ensuring you have the right protection when you need it. However, with the complexities of insurance jargon and policy options, it’s easy to feel overwhelmed. This guide will provide valuable tips and resources to help you navigate your insurance with confidence, decode key terms, and review your coverage…
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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…
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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…