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.

 

Estate Planning in South Africa - The Do’s and Don’ts

[Title]

Estate planning is a complex process that requires careful consideration and attention to detail. Even with the best intentions, it’s easy to make mistakes that can lead to unintended consequences, such as disputes among heirs, unnecessary taxes, or the mismanagement of assets.

Read More ...
Posted by Gary Walker on Thursday, September 19, 2024 Views: 122


A Comprehensive Guide to Estate Planning in South Africa

[Title]

The key purpose of estate planning is to ensure that your estate is distributed according to your wishes and that your loved ones are taken care of after your passing. It also involves planning to reduce taxes, legal fees, and court costs.

Read More ...
Posted by Gary Walker on Wednesday, August 21, 2024 Views: 426


Personal Financial Planning - A Comprehensive Guide

[Title]

Personal financial planning is the process of managing your financial resources to achieve your life goals. This includes budgeting, managing cash flow, planning for retirement, saving and investing, handling taxes, protecting against risks, and preparing for major life events such as education and estate planning.

Read More ...
Posted by Gary Walker on Wednesday, July 24, 2024 Views: 305