Business Insurance Quotes South Africa

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.