Tag: insurance cover

The next few weeks (and beyond) will be a testing time particularly for smaller businesses. Best to see it as a stress test, a way to make your business stronger.

Understanding and drawing on the cancellation, refund or insurance covers of all operators in the travel value chain offers victims of COVID-19 cancellations the best option to spread their risk, increasing the chances and value of settlement. Now that COVID-19 has been declared a global pandemic it is simply not possible to travel internationally.

With reports that more than half of companies around the world do not have effective business continuity plans in place to combat an infectious disease outbreak like COVID-19 and the virus starting to take a stronger foothold in South Africa, businesses must do more to prepare themselves for the repercussions this could have on operations.

Recently released statistics has revealed a sharp upsurge in kidnappings in South Africa. This comes while news of the rescue of high-profile kidnapping victim, Sandra Moonsamy, is still fresh in South Africa’s collective memory. Official police statistics show that kidnapping cases have increased by 139 percent over the past decade, with opportunistic abductions accounting for the greatest number of incidents.

The year-long listeriosis outbreak in 2018, the Boeing 737 crashes in 2018 and 2019, and the collapse of the M1 Grayston Bridge in October 2015 are but a few out of many instances linked to some form of human error in business, frequently with long-term consequences.