The Role of Insurance in Business Continuity Planning
Tag: Insuance
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The Role of Insurance in Business Continuity Planning
In early July, unpredictable weather patterns again demonstrated their disruptive potential to South Africans. Heavy rains and strong winds made landfall across the Western Cape, causing widespread concern, with the Provincial Disaster Management Centre (PDMC) issuing warnings about flooding, hail, power outages, and potential fire risks due to heavy winds. Such events highlight the critical…
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Protecting Your Business from Winter Weather Challenges in South Africa
As winter approaches in South Africa, businesses face unique challenges. Unlike some countries where snow is a major concern, South African winters can bring severe storms, flooding, and the ever-present issue of load shedding. These conditions can disrupt operations, damage property, and increase liability risks. Understanding these challenges and taking proactive steps can help protect…
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Insurance Fraud: A Guide to Protecting Yourself
In times of economic hardship, individuals may feel the weight of financial strain pressing down on them, sometimes leading to desperate measures. One such avenue is insurance fraud, a deliberate deception to gain financial advantage from insurance companies or agents. Insurance fraud manifests in various forms, from staging accidents to fabricating injuries or orchestrating complex…
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The Role of Short-Term Insurance in Supporting South Africa’s Growing SME Sector
South Africa’s SMEs are the backbone of our nation’s economic growth, contributing significantly to job creation, innovation, and economic development. According to McKinsey, SMEs represent more than 98 percent of businesses, employing between 50 and 60 percent of the country’s workforce across all sectors, and are responsible for a quarter of job growth in the…
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Climate Change and Insurance: How South African Businesses Can Mitigate Risks
Climate change has cast a long and ominous shadow over the global landscape in recent years. According to this report, from Global Change Institute University of the Witwatersrand, in particular, stands at the forefront of this crisis, grappling with the alarming reality of warming at twice the global average rate. Startling statistics from Greenpeace further…