The Biggest Threats to Your Success.

 

Small businesses in South Africa face a myriad of challenges, and among the top concerns are crime, fire, and floods. As a small business owner, understanding and mitigating these risks is crucial for the longevity and success of your enterprise. One of the most effective ways to protect your business from unforeseen disasters is through comprehensive insurance coverage.

 

Persistent Threats

South African businesses are confronted with significant crime risks. Small businesses can expect to lose a substantial portion of their turnover, at least 20%, to crime-related incidents. The average annual cost of crime for these businesses amounts to over R100,000, impacting approximately 5 out of every 10 small businesses over a twelve-month period. This is where insurance proves to be invaluable.

 

Potential Catastrophes

While the chances of a fire occurring are lower than crime, the severity of the loss can be devastating. A fire has the potential to result in a total loss of your business assets, with damages running into millions. Many businesses may assume it will never happen to them, underestimating the risk.

Floods are unpredictable and can cause severe damage to businesses. Last year, KZN witnessed floods that impacted 826 businesses, with an estimated cost of damage totalling around R7 billion. Similarly, Cape Town experienced heavy rains, resulting in flood damage estimated to be around R1.4 billion. Flood damage can significantly impact your business, and could result in a total loss.

Rather than hoping your business remains unaffected, it's wise to cover this risk.

 

Your Partner in Small Business Insurance

At dotsure.co.za, we recognise the unique challenges faced by small businesses, and we’ve established a specialist direct business department. Our team is friendly and committed to providing you with the best insurance solutions tailored to your needs.

dotsure.co.za provides free professional advice and conducts a non-obligatory business needs analyses, exclusively for small business owners.

Take the proactive step of safeguarding your business and the individuals who contribute to its success, by ensuring that your major insurable risks are covered.