Business Insurance

Welcome to our website, here you will find a lot of different articles about commercial insurance for your large or small business. Hopefully, you will understand exactly what it is you are looking for after studying the information provided so you can get the best insurance policy for your needs.

What Exactly Is Business Insurance?

These are insurance policies you get for the various risks you face in your venture. These can include almost any kind of accident, damage, injury or lawsuit of which the cause may be a natural disaster or due to human error. Having your venture insured will give you peace of mind that you are covered in most unforeseen events, keeping your losses to a minimum.

Why Do You Need Business Insurance?

As previously discussed, your business faces many risks. If you have a smaller company, even a risk that is not that big may cause your business not to grow like it is supposed to and to not be as sustainable as it could be. Not only will this type of cover ensure that you have financial support in the case of an unplanned event, the people working for you will also feel more assured as they will be covered as well.

What Different Types of Commercial Insurance Can You Get for Your Company?

There are a lot of different policies you can choose from, all covering different risks. You have the option to get one policy only or choose several of the ones that best suit your needs. Here are a few of the policies offered to business owners:

Public Liability Insurance

This is a policy that protects you in the event that you get a lawsuit from any third party. This might happen, for example, when someone gets sick because of your product (product liability) or it causes a fire in their building. It doesn’t just have to be because of your product, someone may just fall on a wet floor in your building etc. These policies generally cover legal fees and medical expenses. Read more about this type of cover.

Professional Indemnity Insurance

This policy also protects you from lawsuits. What makes it different from Public Liability is that it covers you when you are sued for negligence or malpractice when providing a professional service/advice. Read more about this cover here.

Commercial Property or Building Insurance:

Just like any home or building insurance, property insurance protects the contents in your buildings, while the building insurance covers the physical structure itself from any damage, loss or theft.

Commercial Vehicle Insurance

Like general car insurance, this policy protects the vehicles used in your company only. You can cover one or many drivers and the vehicle can be covered against theft, accidents, natural disasters and you can even add a third-party cover.

Workers Compensation

One thing any business owner must remember is that when anything happens to an employee while at the workplace, whether he falls sick or gets an injury; it is the responsibility of the business owner. This policy will cover this risk.

Getting Quotes & Finding the Right Policy

Now that you know about the different types of policies available for your business, you can start finding companies that offer these policies. There is only one little problem now – where do you find a company that offers this type of cover? We all know about the different car, life and home insurance companies in South Africa because they are advertised everywhere in magazines and on television. On the other hand, not everyone owns a business therefore, you don’t see these business insurance companies advertising everywhere. Luckily we have a solution for you. On this website, you will be able to request business insurance quotes for the specific policy you require. After providing your details, you will be contacted by an agent that will be able to give you all the information you need to choose the best policy. So go on and make use of this obligation-free service!