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End-of-Year Checklist for Business Owners: Insurance Updates You Should Make
As the year draws to a close, business owners must review and update their insurance policies to protect them against various risks. Here is a comprehensive checklist covering key areas such as liability, property, and cyber risks to help you navigate this process. 1. Review and Update Policy Details 2. Liability Insurance 3. Property Insurance…
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Understanding Coverage for Electric Vehicles: A New Frontier in Insurance
Electric vehicles (EVs) are rapidly gaining popularity, with more South African consumers viewing them as viable alternatives to traditional cars. A recent survey by PwC highlights the growing interest in hybrid and electric vehicles, spurred by the steady decline in prices. The National Association of Automobile Manufacturers of South Africa (NAAMSA) also reported a striking…
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The Role of Insurance Brokers in Crisis Management
Crises, whether natural disasters, economic downturns, or global pandemics, can disrupt business operations in unexpected ways. When these events occur, insurance brokers play a vital role in helping companies navigate uncertainties, adjust coverage, and ensure they remain protected. Adjusting Coverage in Uncertain Times During a crisis, businesses often need to reassess their insurance policies to…
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Understanding the Rising Costs of Data Breaches and How to Mitigate the Risks
In 2023, the financial toll of data breaches continues to soar, with the latest “Cost of a Data Breach” report by IBM Security revealing that the global average cost of a data breach has reached an all-time high of $4.45 million. This marks a 2.3% increase from the previous year and a 15.3% rise since…
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Insurance Literacy: Empowering Clients to Make Informed Decisions
Understanding your insurance policy is essential for ensuring you have the right protection when you need it. However, with the complexities of insurance jargon and policy options, it’s easy to feel overwhelmed. This guide will provide valuable tips and resources to help you navigate your insurance with confidence, decode key terms, and review your coverage…
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