things you must know about
Small Business Insurance

Who needs Small Business Insurance?

Almost all small businesses should have some form of insurance. Any small business that owns computers, vehicles, office furniture etc should consider taking insurance to ensure that these items are protected against theft or damage. Even businesses who provide services as opposed to products should have insurance as they can potentially damage third party property. Companies offering advice or consultation can often make errors, resulting in losses for their clients, which should be insured against. 

Why should you take out Small Business Insurance?

We live in a country rife with crime, changing weather conditions and less robust equipment. Add to this the growing tendancy to be held accountable for damages your business may cause to third parties, and the need for insurance becomes obvious. Insurance costs a fraction of the price of replacing your assets if these are damaged or stolen, or reimbursing losses you caused. Taking out small business insurance is a prudent way to ensure that your business will survive through all the trials and tribulations it will face.

How much does Small Business Insurance cost?

Very little! We have a large book of clients with many different insurance companies, so we will be able to find the most beneficial policy with the cheapest premiums for your business. 

Typical claims incurred on Small Business Insurance policies:

The most common claims on small business insurance policies involve car accidents, theft of cars and burglaries into the business. The most expensive claims tend to be caused by fires, trapped water, lightning damage, and violent storms. These can potentially flatten a business in an instant, but the most expensive element of these claims is the profit that is lost whilst the damage is being repaired. We also receive hundreds of claims for damaged or stolen laptops, computers, cell phones, tools, stock, machinery, glass etc. 

What other insurance should be considered along with Small Business Insurance?

If your small business provides advice, designs or consultation services or if your work involves lots of calculations or stringent procedures, Professional Indemnity insurance should be considered. Any company offering maintenance, installation, or constrution type services should be insured for Contractors All Risks.

Get a Quotation

Please note that we can only insure small businesses based in South Africa.

Click here to send us an e-mail requesting a quote on your small business -> insurance@barrington.co.za

We will e-mail you a no obligation, free quotation so that we can show you what you will save if you insure with Barrington.

Contact details will be kept confidential and will not be used in any way other than as described above and will not be shared with any other parties.