We are enjoying warmer (and longer) days, flowers are blooming, and leaves are sprouting everywhere – spring is in the air. So when you start to dust off your shelves and spring clean your office, remember to take a closer look at your business insurance policy as well.

Things are constantly changing, especially in the business world, and some of these changes can have a significant impact on your business’s insurance needs. Here are our top tips to clean out the cobwebs from your policy.

Employees

Do you have employees? Then you need to take out or update your employee’s liability or worker’s compensation cover. This product helps you pay for your workers if they get hurt on your premises or delivering your services.

New services

Always make sure that your Errors and Omissions policy is up to date, to avoid being held financially liable should your clients suffer loss due to your business’s advice or assistance. This means that when you expand your business offerings, you need to speak to your insurance advisor about your policy.

Vehicles

So you’ve added your business vehicle to your business insurance policy, but have you added the driver’s details as the regular driver? Do you allow your staff to take the vehicle home at times? Your insurer needs to be aware this information, or you run the risk of not being covered in the event of an accident or theft involving the vehicle.

Buildings

Do you keep your building maintained? Make sure that the burglar bars and window frames aren’t rusted and that the fire extinguishers and alarms are all working. Get a professional air con service provider out to inspect your air conditioner. If there are trees around your business premises, make sure the branched are secured and that they won’t break off during the first rain storm and damage your building. Invest in surge protectors and lightning conductors. All these changes can influence not only your monthly premiums, but also your level of cover.

Turn to Indwe Risk Services for all the insurance advice and assistance you need to ensure your business enjoys all the cover it deserves. Speak to us by calling 0860 13 13 14 or visiting our website at www.indwe.co.za.

Indwe is an Authorised Financial Services Provider. FSP 3425

Resources:

Federated
Small Business Majority
Citizens General