Tag: Karen Rimmer

Working with chemicals presents inherent risks. These risks must be carefully managed to ensure employee safety and chemical safety measures. Additionally, businesses need adequate insurance coverage to mitigate potential financial losses.

The past year has seen a significant increase in the number of people looking to invest in solar technology for household use. However, despite the convenience, cost-saving and home upgrading potential that comes with renting or owning solar panels, it also comes with several risks.

In most cases, the regular driver of a vehicle is also the holder of the car insurance policy and the person who will be covered in the event of a claim. There are, however, instances where a friend or family member may be the one taking it for a spin.

As policyholders are aware, insurance premiums increase from time to time. This may occur on an annual basis or at specific intervals as economic, market and risk factors change. Understanding why your insurance premium has gone up and possibly when to anticipate an increase can be helpful in planning ahead for the financial implications.

In previous years, insurance advisers may have been seen as the ‘middleman’. Often, they were regarded as a form of salesman, primarily selling clients insurance policies on their properties and possessions, as well as assisting them with the claims process.

Load shedding – a measure implemented by Eskom to address mounting pressures on the national electricity grid, has been a South African reality since 2007. The past few years have, however, seen a dramatic upsurge in the severity of scheduled blackouts as Eskom attempts to deal with multiple infrastructural problems as well as theft and vandalism.

Both the role and value proposition of insurance advisers is changing as the insurance industry becomes more complex. Understanding the client’s risks and offering the most appropriate solution requires that insurance advisers are experts in their field.

Insurance policies shouldn’t be seen as static agreements that are concluded as once-off arrangements. Instead, short-term insurance products are designed to evolve along with you and your family as your life takes shape, adapting to your changing needs.

The turbulent geopolitical climate is creating uncertain economic conditions across the globe. In South Africa, several unique challenges are worsening the effects of global risk factors, including load shedding, hefty fuel hikes and ongoing inflationary increases.