Tag: legal agreement

An insurance concept that often gets misunderstood, despite underpinning every policy, is insurable interest. While it might sound technical, the principle is quite simple. Simply put, you can only insure something if its loss or damage would cause you a financial setback. If you do not stand to suffer financial loss directly from the loss of or damage to an insured item, insurance will not cover that loss.

Running a small business in South Africa has never been easy. With economic pressures ranging from inflation to rising operational costs, every decision matters. For many small and medium enterprises (SMEs), overlooked details in contracts can mean the difference between financial stability and unexpected setbacks.