Cyber Threats on the Rise in South Africa: The Critical Need for Cyber Insurance
Category: Business Insurance
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Cyber Threats on the Rise in South Africa: The Critical Need for Cyber Insurance
In an age where every enterprise has a digital footprint, regardless of its sector or the nature of its business, the cyber-attack threat looms more prominent than ever. According to the South African Banking Risk Information Centre (SABRIC), the incidence of cyber-attacks in South Africa surged by 22% in 2023 alone. Moreover, a study conducted…
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Navigating the Tide of Elections: A Guide for South African Businesses to Secure Insurance
In the vibrant and dynamic landscape of South Africa, elections are a significant event, embodying the democratic spirit of the nation. However, alongside the peaceful exercise of democratic rights, history has sometimes shown that the electoral period can also bring about social unrest. With the next elections scheduled for May 29, it’s an opportune moment…
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Understanding Professional Indemnity Insurance: A Guide for South African Businesses
In an era where the line between information and advice is increasingly blurred, Professional Indemnity (PI) insurance has become a cornerstone of protection for businesses across the globe, South Africa included. At Risk Benefit Solutions (RBS), we understand companies’ complexities and challenges in today’s fast-paced, legally intricate landscape. This guide aims to demystify PI insurance,…
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The Impact of Winter on Business Operations: Protecting Your Business with Short-Term Insurance
As the winter chill settles in, it can potentially present myriad challenges for businesses across South Africa. While heavy snow or hurricanes may not be a concern like in the Northern Hemisphere, the winter still poses significant risks to business operations, from heavy rains and flooding to power outages and equipment failures. RBS understands the…
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Preparing Your Home for Winter: Insurance Tips and Checklist
As temperatures drop and winter draws near, it’s time to start preparing your home for the challenges of colder weather. From burst pipes to storm damage and fire hazards, the season can pose various risks to your property. In South Africa, the added challenge of load shedding increases our reliance on heaters and other heating…