Understanding Professional Indemnity Insurance: A Guide for South African Businesses
Category: Business Insurance
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Understanding Professional Indemnity Insurance: A Guide for South African Businesses
In an era where the line between information and advice is increasingly blurred, Professional Indemnity (PI) insurance has become a cornerstone of protection for businesses across the globe, South Africa included. At Risk Benefit Solutions (RBS), we understand companies’ complexities and challenges in today’s fast-paced, legally intricate landscape. This guide aims to demystify PI insurance,…
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The Impact of Winter on Business Operations: Protecting Your Business with Short-Term Insurance
As the winter chill settles in, it can potentially present myriad challenges for businesses across South Africa. While heavy snow or hurricanes may not be a concern like in the Northern Hemisphere, the winter still poses significant risks to business operations, from heavy rains and flooding to power outages and equipment failures. RBS understands the…
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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…