
How Much is Business Insurance in South Africa?
Business insurance has become an integral part of any business model, as an ever-changing economic climate has made it more critical than ever. Business insurance
We can get you almost any quote on demand. Find your service and let’s get you some options without ever leaving your desk or even bed.
Search for the best funeral cover, life insurance and medical aid in South Africa
Compare insurance quotes from the best South African insurance companies.
Receive online quotes instantly. Bringing the best prices to your screen.
All businesses – big and small – should have insurance. From big offices to tiny corner shops, and even the salon running from home, there is an insurance type for all companies.
Having insurance for your business means that you, your company, and any staff that you employ are covered should something unexpected happen. It gives you the freedom to focus on building your business, without suffering sleepless nights worry about the future.
You should insure your business property against fire, other accidental damage. It usually covers equipment, signage, and other inventory.
This insurance is taken out per staff member, and covers death/disability in the workplace. Ensuring that the employees family is taken care of.
This type of insurance is taken out on key persons in the company. From owner to CEO and other top-level employees, they are covered should something happen to them.
If a company has vehicles owned specifically for business use, they should be insured. They are most likely driven by multiple employees and often drive further and more often than a private car.
This insurance will cover the company against any claims made by a third party for damages/injuries caused by by employees or on business premises. This is mandatory insurance for any business.
If your business production time is disrupted due to a catastrophe, etc., this insurance will keep you afloat while you are not operational. It will cover employees salaries and other important expenses.
Insurance can sometimes be a scary topic to bring up, with the many big words, and confusing terms. Here are answers to some of the pressing questions that business owners have when looking at insurance options.
To get insurance for your small business, request a quote above. An insurance broker will contact you and take you through the process. They will need to ask you questions about your business to determine what insurance you need, and how much you should cover your business for.
Public liability insurance covers any and all fees that are payable by your business. From injuries and incidents that happen on your business premises to accidents caused by members of your business.
This means that should a business vehicle get into an accident, or a client visiting your business slips and injures themselves, you are covered with public liability insurance.
The most important insurance to have when first starting out is:
Public Liability
Credit Risk
And Key Person
These types of insurance will cover you for the most important issues. However, once you grow and hire staff, or purchase company vehicles, etc., you should relook your insurance options.
Business insurance can cover anything from the building that your business runs from to the money that your business makes every month. This will, of course, depend on the type of business insurance you take out.
There are certain insurance types that any business owner is required, by law, to obtain. These include:
UIF: the Unemployment Insurance Fund is for every employee that works for a business. Although this usually comes out of the employees’ wages, business owners must make sure that it is paid to the correct channels.
Workmans Compensation: This covers anyone working for the business against death or disability occurring in the workplace.
Public Liability: As mentioned above, this cover businesses against claims by any third party.
If you have clients or customers coming to your home for business reasons, you should absolutely have public liability insurance. If you employ staff or own any business assets you should also have insurance that will cover those should anything happen.
It is also important to note that most home insurance doesn’t cover your property in the same way that business insurance does. For this reason, it’s a good idea to get insurance that will cover your equipment, etc. as well.
Check our recent posts and lists of some of the best services out there today
Business insurance has become an integral part of any business model, as an ever-changing economic climate has made it more critical than ever. Business insurance
Small and medium enterprises (SMEs) are the core driver of a country’s economy. In South Africa, SMEs provide roughly 47% of employment and account for
Starting a business is a fantastic achievement, no matter the size. But owning a business also comes with a hefty responsibility. You have to protect
Get cover for the inevitable. Find the best funeral plan for you and your loved ones.
Leave behind a legacy for your loved ones. Get premium life insurance at great prices.
Be prepared for unfortunate events. Cover your vehicle with the best insurance out there.
Your home is your safe place. Keep it even safer with insurance that looks after you and your belongings
Your health is vital. Get covered with medical insurance to keep yourself and your family fit and healthy.
Pets are a part of the family too. Find products and services designed specially for your furry friends.
We work with only reliable insurance companies who are committed to bring you the best service.
With a just few clicks, you'll find the best prices for your insurance need. No phone calls or long waits.
Review services that you have used and read other's reviews to help you when choosing these services.