The Business Insurance Blog

The healthcare industry is vital to the well-being of society, and within this sector, medical malpractice insurance holds a critical place. This article delves into the world of medical malpractice insurance and aims to educate readers on its importance, features, and frequently asked questions. What is Medical Malpractice Insurance? Medical malpractice insurance is a specialised type of insurance coverage that …

More South Africans are, through choice or necessity, working as freelancers, independent contractors or gig economy workers. Though exact numbers are hard to find, estimates suggest that 10-15% of South Africa’s workforce is self-employed. The trend towards self-employment is thought to be growing due to job losses in the formal sector as well as some professionals seeking better work/life balance and higher …

Whether it’s selling handmade crafts, operating a part-time tuisnywerheid or doing freelance writing, graphic design, photography or programming, a side hustle is a great way to supplement your income and pursue your passions. By some estimates, a quarter of South Africans are pursuing a hustle or job on the side, in addition to their primary employment.  As rewarding as running a …

In a world of ever-evolving finance laws and regulations, accountants and tax professionals carry a great deal of responsibility. Ensuring accuracy in a client’s financial affairs is a pivotal role, but even the best professionals can make mistakes. In South Africa, as elsewhere, these mistakes can lead to costly legal battles. That’s why having the right Professional Indemnity Insurance is …

Being an accountant in South Africa requires a unique set of skills due to the unique business environment they operate in. Accountants must possess a combination of technical expertise, interpersonal abilities, and industry knowledge to succeed in their roles. Here are the Nine Crucial Skills: Comprehensive understanding of accounting practices: Although business owners and managers often possess basic accounting knowledge, …

A wide range of opportunities awaits ambitious carpenters in South Africa. Some carpenters choose to gain experience by working as employees in existing carpentry businesses. However, many carpenters eventually decide to start their own carpentry companies. Transitioning to self-employment is an attractive option for carpenters. By this stage in their careers, they typically have a solid collection of tools, a …

Running a small plumbing business in South Africa can often present numerous challenges. From managing your workforce to handling unexpected issues on job sites, it can be demanding to keep everything running smoothly. However, with the right management tips, you can ensure the success of your plumbing business. Here are 9 valuable tips to help your plumbing business thrive and …

Contractors All Risk (CAR) insurance is an essential component of any construction project, as it offers comprehensive protection against a wide range of risks and uncertainties that may arise during construction. This article will guide you through the crucial factors to consider when purchasing CAR insurance, ensuring that you make an informed decision and obtain the best possible coverage for …

Insurance policies play a crucial role in safeguarding businesses from unforeseen risks and damages. In the construction industry, two common types of insurance covers are Contractors All Risk (CAR) and Public Liability (PL) cover. These policies provide protection to contractors, subcontractors, and clients against various risks that may arise during construction projects. Understanding the difference between these two insurance covers …

As a business owner in the construction industry, you know that there are many risks that come with the territory. From accidents on the job site to natural disasters, there are many things that can go wrong and cause damage to your business. That’s why it’s important to have the right kind of insurance in place to protect yourself and …

The associated cost for Professional Indemnity insurance may seem unnecessary, but many small business owners aren’t aware of the exposure to risk without protection As a business owner in a specialized field, which could include occupations like architecture, consulting, bookkeeping, and construction – Professional Indemnity insurance is designed to provide you vital protection from the unique risks you face during …

Some occupations in South Africa require a prerequisite amount of insurance coverage. Let’s dive into professional indemnity insurance, what it is & its legal requirements. Whether you’re in construction, engineering, legal counselling, representative work, management consulting, or accounting – you deal with clients on a personal level. Your work involves advice and specialized services which will often leave you at …