Business insurance helps protect you from financial difficulties due to legal liability, interruptions to operations, events leading to financial hardship, and more. It does this for businesses who are just starting out, and ones that have been around for years.
Perhaps your premises is destroyed in a fire, or important machinery is stolen in a burglary. You may have accidentally given the wrong advice to a client, or maybe had your customer data stolen in an unexpected hack. Different types of insurance cover these events, and it is crucial that you seek out a policy well before your business opens its doors.
Types of Business Insurance
Public liability insurance
Public liability insurance protects you when someone (e.g. a customer, supplier or member of the public) is injured, or their property damaged, as a result of your operations. It will help you pay legal fees & compensation costs.
Professional indemnity insurance
This type of insurance covers your potential legal costs and expenses as well as any compensation awarded against you if you provide inadequate or incorrect advice or services that results in your client losing money.
Management liability insurance
Management liability insurance protects you and your business against any wrongful acts by your senior managers or directors. This way, you can focus on the things that matter most – growing your business and attracting the right staff.
Cyber liability cover is a readily-available option for any businesses operating using technology. With it, you can protect your business financially against events like data breaches, website hacking & ransom attack.
List of Business Insurance companies
- SANLAM INSURANCE:
- HOLLARD INSURANCE:
- MUTUAL AND FEDERAL INSURANCE:
- GUARD RISK INSURANCE:
- ABSA INSURANCE COMPANY:
- ZURICH INSURANCE COMPANY:
- AIG INSURANCE COMPANY:
- STANDARD INSURANCE.