What falls under Other Services and why do they need insurance?
There are various service-related occupations which need insurance to protect their businesses from unforeseen events, such as tattoo parlour, grooming parlours, hairdressers, etc. Let us take your worries away. With Bi-me you can insure your business with just a few clicks.
What should I consider before purchasing insurance for my 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 theft, public liability claims and business interruption.
Fundamental Insurance for Other Services
Regularly selected Insurance for Other Services
Insurance for Other Services
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 you need to keep safe.
Contents
Contents insurance is designed to provide cover for your contents (tables, chairs, cabinets), as well as machinery and stock when an insured event occurs – such as fire, storm or theft (only limited theft cover, for comprehensive theft cover see the Theft section).
If you own the building where your business activities take place, you might also consider Buildings insurance.
Public Liability Insurance
Public Liability covers the many possible accidents that could happen in any business environment. This 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.
Theft
Theft is one of the most common insurance claims business owners 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.
Business Interruption
Business Interruption is important for continuity in any business. What happens if there is a fire, flood, storm or other event? This type of insurance covers your business for financial loss as a result of an interruption caused by an insured event (such as fire). This can also cover you if you are being prevented from accessing your premises.
Buildings
Buildings are one of the most important assets for most businesses. This insurance can protect your business when your buildings are damaged due to fire, storm, earthquake, wind and more. You may also want to cover the Contents of your buildings (office equipment, machines and stock).
Electronic Equipment
Many businesses depend upon a full range of equipment which includes laptops, computers, printers, computer-based cash registers, point-of-sale (POS) management systems, refrigeration systems, 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.
Employee Dishonesty
Employee dishonesty is important as your employees are fundamental to what your business does, but a few bad apples can cause your business to suffer. Having protection against losses from employee theft or fraud is crucial for most businesses.
Money
Money insurance covers any loss of, or damage to, money that your business might experience. Businesses who deal in cash are always at risk of having cash stolen.
Getting the Right Insurance for Service businesses
Every business is unique, with each business having its own risks and insurance needs. Bi-me gives you access to multiple quotes to compare from 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?
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Customer slipping
A business was sued by a visitor to its premises after the visitor allegedly slipped and fell on some tiles that had been recently mopped. The plaintiff sued for damages and the insurance company covered the legal defence costs. The claim was dismissed, but the fees exceeded R100 000.
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Thursday Thieves
Thieves broke the windows and damaged the signage in the process to enter the premises and forced the staff to give them the contents of the safe, which included all of the cash received over the previous three days. The client thankfully had cover for money and glass included on their policy which allowed them to claim for the damages and loss incurred.
Frequently asked questions
Yes, you can insure your vehicles under the Motor Section, and you can insure your laptops, cellphones, tools, equipment, samples, and more in the Portable Possessions section. If you transport goods to sell, those can be covered in the Goods in Transit section.
There are many different services and suppliers who could all be affected by different types of losses; these can range from theft to public liability. Tools, equipment, money, products, etc., these are just a few examples of what could be stolen or damaged during a loss.
The amount of money that would take to reinstate these items if not insured, could calculate to quite a high sum. If there were no insurance cover in place, this would mean you have chosen to self-insure.
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.