Tag: financial loss
Ways to ensure a successful insurance claim
People sometimes have the perception that insurance quotes are declined for ‘no reason’. However, an insurance policy is a contract. The insurer agrees to cover you according to how much risk they think they take on in doing so and set your premium accordingly.
Black November – make this a season of festive cheer and...
The Festive Season is a time when most South Africans, like the rest of the world, will be looking to spoil their loved ones by purchasing them gifts. Over the past few years, South Africans have been lucky enough to be able to take advantage of the discounts that are offered on Black Friday (the last Friday in November) and Cyber Monday (the Monday immediately following Black Friday).
Political risks and violence ranked as a number 5 business risk...
Businesses in South Africa experienced major losses in July from physical damage, business interruption, and loss of revenue, looting, vandalism caused by civil commotion, protests and riots which resulted in about $3.4 billion in lost output and placed 150,000 jobs at risk.
South African riots – limitations on insurance claims
Businesses seeking to recover losses from the widespread damage caused by recent riots and looting recently need to act promptly in filing claims to SASRIA. As vandalism, looting, damage and destruction course through the vital arteries of our beloved country, how do businesses recover their losses?
SURVEY | Disclosing a breach timeously leads to less financial loss
According to our new report, ‘How businesses can minimise the cost of a data breach’, enterprises in the Middle East, Turkey and Africa (META) that decide to voluntarily inform their stakeholders and the public about a breach, on average, are likely to lose 38% less than their peers that saw the incident leaked to the media. The same tendency has also been found to be the case in SMBs.
What happens when your car is written off
Being involved in a car accident is a traumatic event in itself, so the news that your vehicle is damaged beyond repair is never going to be an easy pill to swallow. While insurance will undeniably soften this blow, the reality is that there are so many variables at play when dealing with a write off and many people – even those with the most seemingly comprehensive insurance policies – come out feeling hard done by.
