Why do Broadcasting and Publishing businesses need insurance?
While you inform the public about the most important stories, we want to tell you about getting the right business insurance. With just a few clicks or a single phone call you’ll get multiple competitive quotes from some of South Africa’s leading insurers and get covered instantly.
What should I consider before purchasing insurance for my Broadcasting and Publishing business?
Protecting your business from unexpected events and challenges is where business insurance comes into play, providing cover for when you need it most for things like electronic equipment, public liability claims and cyber events.
Fundamental Insurance for Broadcasting and Publishing
Regularly selected Insurance for Broadcasting and Publishing
Insurance for Broadcasting and Publishing
Cyber Insurance
Cyber Liability insurance helps to protect you against claims and supports your profitability in the event of a cyber breach or attack. Chances are that you handle the personal (and billing) information of customers, and other sensitive data which needs to be protected.
Electronic Equipment
Electronic Equipment is important as many broadcasting and publishing businesses depend upon a full range of equipment which includes computers, printers, scanner, air conditioning and sound systems.
These high-value items need to be specifically included in your business insurance policy to protect you in case of accidental damage due to flood, fire, snow, hail, wind, impact, explosion, subsidence, as well as malicious damage or theft and damage caused by power surges or power dips.
Public Liability Insurance
Public Liability covers the many possible accidents that could happen in a broadcasting and publishing environment. You should consider protecting your business with Public Liability insurance.
Public Liability insurance is designed to provide protection for you and your business in the event that a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.
Contents
Contents insurance is designed to provide cover for your contents (tables, chairs, cabinets, etc.) when an insured event occurs – such as fire, storm or theft (only limited theft cover, for comprehensive theft cover see the Theft section).
Those that need it can also get cover for machinery and stock in this section.
If you own the building where your business activities take place, you might also consider Buildings insurance.
Portable Possessions
Portable possessions, such as laptops and cameras, allow you to do what you do best. They are a key part of all broadcasting and publishing businesses, and without them you won’t be able to efficiently create content.
You can protect your business by getting cover for your portable possessions in the event that they break, get lost, or stolen.
Theft
Theft is one of the most common claims broadcasting and publishing businesses file for. Your business might be the victim of theft or fraud from outside of your business or sometimes one of your employees may steal from you and you’ll need Employee Dishonesty cover.
The right business insurance will cover you against acts of theft and fraud, whether these come from your own employees or from outside of your business.
Getting the Right Insurance for Broadcasting and Publishing businesses
Your broadcasting and publishing business is unique, having its own insurance needs and risks. Bi-me gives you access to multiple quotes to compare with some of South Africa’s top insurers, so you can choose the right cover to suit your business.
Our friendly team is only a phone call or a few clicks away to assist with getting your business covered in minutes.
Did you know?
Commercial leases often require tenants to maintain Public Liability insurance and Glass insurance. There may also be a requirement that your landlord is noted as an interested party on the insurance policy.
Could this happen to your business?
- Big heist
Thieves broke in and stole computers, laptops, TV screens and cameras. The client had thankfully taken out the relevant cover and was fully paid out for the loss incurred.
- Red hot alert
A fire broke out in the offices next door and spread to an independent newspaper’s office – burning all of their office furniture and equipment. The insurance company paid out the claim as the client had the correct cover in place which was sufficient to cover the loss.
Frequently asked questions
The obvious factors are your selected sections and amount of cover – more protection means higher premiums. Other major factors include occupation, address and claims history. If other businesses in your occupation or area have had lots of losses in the past, premiums will generally be higher.
If your business has had lots of losses in the past, your premiums will usually be higher. It is very important to be honest when disclosing all of your information – if an insurer finds that you were dishonest, you may not be covered when you have a claim.
Yes, you can cancel your policy with immediate effect 24/7 on your Bi-me portal. We will then process your pro-rata refund (if applicable) – the money should be back in your account within 7 working days.
If you consider all the items, equipment, goods, etc., that are owned and used by the business and imagine if there was a loss and majority of it was lost or damaged, would you be able to carry the risk yourself to replace and repair the goods?
If not, then it is probably best to pass that risk off onto the Insurer and feel secure that you will have cover to assist.