Why do Admin and Support Services need insurance?
You do a lot of different work for your clients, so let us do the work of getting different quotes from the best insurance companies for you. Bi-me can provide you with multiple competitive quotes from some of South Africa’s leading insurers within minutes.
What should I consider before purchasing insurance for my Admin and Support Services business?
Protecting your business from unexpected events and challenges is where business insurance comes into play – providing cover for your business when you need it most for things like public liability, electronic equipment and your office contents.
Fundamental Insurance for Admin and Support Services
Regularly selected Insurance for Admin and Support Services
Insurance for Admin and Support Services
Contents
Contents insurance is designed to provide cover for your office contents (tables, chairs, cabinets) when an insured event occurs – such as fire, storm or theft (only limited theft cover, for comprehensive theft cover see the Theft section). Most admin and support service businesses don’t have many machines or much stock, but if you do those items are also covered here.
Electronic Equipment
Electronic Equipment is relied on by most admin and support service businesses as depend on their electronic equipment to run their businesses: computers, laptops, printers, scanners, and more are all required for a business to successfully run.
These high value items need to be specifically included in your business insurance policy to protect you in case of damage due to flood, fire, snow, hail, wind, impact, explosion, as well as malicious damage, theft and damage caused by power surges or power dips.
Public Liability
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. This cover does not protect claims for professional indemnity insurance (if you need professional indemnity insurance, please contact us).
Cyber Liability
Cyber Liability is important due to the number of cyber attacks against businesses which have increased a lot over the past few years with hackers demanding hundreds of thousands of rands for the safe return of confidential information. Think about the data you are storing and what the implications would be if there was a breach of confidentiality because of your system being hacked. This cover also helps to protect you from claims and supports your profitability in the event of a cyber breach or attack.
Buildings
Buildings cover is important for admin and support service businesses that own property, a building is usually one of their biggest assets. This can protect your business when your buildings are damaged due to fire, storm, earthquake, wind and other similar events.
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.
Theft
Theft is a constant threat to your business’s ability to serve clients in South Africa. Consider the potential downside if you arrived at work one morning and everything was stolen overnight. This cover is to get you back to being operational as soon as possible after a theft incident.
Getting the Right Insurance for Admin and Support Services
Your admin and support services 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?
If you are renting your business’s premises, part of your commercial lease may require that you to take out glass cover.
Could this happen to your business?
- Theft at an ad agency
Armed robbers entered an advertising agency’s premises and stole all of the laptops, cell phones and TV screens. The insurance company paid out R180 000 and the agency was able to start functioning fully again.
- Friendly fire
A neighbouring office of a bookkeeper had a fire which spread to the offices of the insured. The furniture was damaged and the rented building was no longer usable for 3 months. Thankfully, the employees were able to work from home (although they would have been covered by Business Interruption). The insurance company paid R90 000 for the damaged furniture as well as the increase in the costs of the employees who were temporarily working from home.
Frequently asked questions
Yes, there are many unforeseen events that could go wrong, even for business that seem to be low-risk. Protecting your business against thieves or cyber attacks could be crucial in the event that somebody gains access into your office or databases.
Employees making mistakes or being dishonest could also be detrimental for your business if you’re not protected.
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.
It is best to submit the claim form as soon as possible after a loss to ensure that there are no delays or issues, some insurers may request reasons as to why there was a delay in claiming if a form is submitted after 30 days from the date of loss.