Preparing Your Home for Winter: Insurance Tips and Checklist
Category: Business Insurance
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Preparing Your Home for Winter: Insurance Tips and Checklist
As temperatures drop and winter draws near, it’s time to start preparing your home for the challenges of colder weather. From burst pipes to storm damage and fire hazards, the season can pose various risks to your property. In South Africa, the added challenge of load shedding increases our reliance on heaters and other heating…
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The Role of Short-Term Insurance in Supporting South Africa’s Growing SME Sector
South Africa’s SMEs are the backbone of our nation’s economic growth, contributing significantly to job creation, innovation, and economic development. According to McKinsey, SMEs represent more than 98 percent of businesses, employing between 50 and 60 percent of the country’s workforce across all sectors, and are responsible for a quarter of job growth in the…
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Climate Change and Insurance: How South African Businesses Can Mitigate Risks
Climate change has cast a long and ominous shadow over the global landscape in recent years. According to this report, from Global Change Institute University of the Witwatersrand, in particular, stands at the forefront of this crisis, grappling with the alarming reality of warming at twice the global average rate. Startling statistics from Greenpeace further…
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Understanding Business Interruption Insurance in South Africa: What You Need to Know in 2024
No matter how meticulously we plan or prepare for unforeseen circumstances, undesirable events remain inevitable. This truth is particularly relevant for businesses, which often encounter challenges beyond their control which can disrupt their regular operations. In times of turbulence, having a robust risk management strategy becomes indispensable. One element of this should be an equally…
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The impact of emerging risks on the insurance industry and how companies are responding.
The insurance industry is constantly evolving and adapting to the changing landscape of risks. One of the biggest challenges facing the industry today is the emergence of new and rapidly evolving risks, such as cyber attacks and natural disasters. These risks have the potential to cause significant damage to individuals and businesses, and as a…