Making better choices
is not always this easy

 

Short-Term Commercial Business Insurance

Business insurance serves to protect businesses from losses due to circumstances or events that may take place during the normal course of business.

Appropriate insurance products are selected for companies based on their specific insurance needs and according to the type of environment in which the business operates.

Generally speaking, businesses may seek insurance to protect them against damage to property, contract disputes and lawsuits, among others.

Types of Business Insurance

Short-Term Insurance

Short-term insurance provides cover that can be tailor-made according to a business’ specific needs. What makes short-term insurance different is that it can be adjusted according to ever-changing needs and circumstances in the business environment.

Property Insurance

Property insurance provides cover for signage, equipment, furniture and inventory in the event of theft, a storm or a fire.

Professional Liability Insurance

This insurance protects professionals against claims related to negligence, mistakes or failure to perform. These products will differ according to the industry.

Product Liability Insurance

Suited for businesses that manufacture products, product liability insurance protects a business that finds itself in a lawsuit due to damages caused by its products.

Vehicle Insurance

All vehicles that are used to carry out business operations should be insured. Although third-party insurance is the minimum cover that businesses should have, comprehensive cover will cover damages done to the vehicle itself and is often the better choice.

Home-Based Businesses

Standard homeowner’s insurance does not provide adequate cover for businesses that operate from a privately owned home. Additional insurance will be necessary to cover inventory and equipment.

Business Interruption Insurance

This type of insurance is particularly appropriate for companies that require a physical location to operate and provides compensation for losses incurred due to events that caused a disruption to the normal course of a business.

Olemera – Financial Advisors in Johannesburg

Our qualified financial advisors have a diverse range of skills, qualifications and expertise. We are work closely with business owners or responsible persons to identify risks associated with their business.

It is our goal to minimise financial risk and losses to businesses as well as shareholders, directors and owners.

Please feel free to contact us regarding business insurance for your business and we will help you select the perfect cover for your company.

 

Inheritance Tax and Beneficiary Rights in South Africa

[Title]

In South Africa, "inheritance tax" is a term commonly used to refer to estate duty, a tax levied on the property of deceased persons. However, it's important to note that the financial implications don't stop there. Other taxes, such as Capital Gains Tax (CGT), and concepts like death duties, also play critical roles in the financial landscape of inheritance.

Read More ...
Posted by Gary Walker on Thursday, March 28, 2024 Views: 220


Estate Planning in South Africa – What You Need to Know

[Title]

When it comes to safeguarding the well-being of our loved ones and ensuring our legacy endures, estate planning is a crucial step that cannot be avoided. In South Africa, where the fabric of society is woven with strong familial ties and a deep sense of legacy, the importance of estate planning becomes even more pronounced.

Read More ...
Posted by Gary Walker on Wednesday, March 13, 2024 Views: 238


8 Powerful Cashflow Management Tips for Businesses

[Title]

At its core, cashflow represents the lifeblood of any business. It's the movement of money in and out of your company's wallet. Think of it as tracking every rand that dances through your business, from the payments received for your services or products to the money spent on expenses like rent, salaries, and supplies.

Read More ...
Posted by Gary Walker on Wednesday, February 21, 2024 Views: 364