Insurance has for a long time been considered by many businesses as a grudge purchase. Understandably so in highly stable environments where “nothing ever happens”. However, the landscape is changing with more risks coming to the fore. Current business conditions demand insurance in one way or the other, whether it is business, household or vehicle related. Thankfully
MiWay - a licenced non-life insurer and financial services provider – offers all these types of insurance cover.
MiWay is a well-known brand in
South Africa. The organisation strives to provide world-class service to its millions of clients, be an employer of choice, be a responsible corporate citizen, and play a meaningful role in society as a whole.Unforeseen circumstances cannot be avoided, but most can be insured against by any of the excellent
MiWay Business insurance solutions. For example, the
Road Traffic Management Corporation (RTMC) says in 2019 about 86% of our road fatalities were the result of human factors, including driver error and fatigue. Businesses that employ drivers can assist in preventing many of these through better driver education and training. The training includes simple facts such as that
insurance will not pay out if the driver’s licence is invalid or if the driver was found to have been under the influence when the incident took place. Drivers are human too and if anything happened to them it would impact not only their families, but their employers too. It is therefore prudent to speak to
MiWay Business Insurance about adequate cover for the driver as well.
Business insurance from
MiWay offers cover for, among others, the following:
• Business property – including the actual building, contents
• Staff dishonesty
• Business vehicles – trucks, bakkies, cars
• Personal accident – employee accident or death
• Business interruption – for certain events that interrupts business operations such as a natural disaster or fire at your business premises.
No thanks to the COVID-19 pandemic,
the insurance industry has also had to adapt to the new normal. Clients can conduct all their business with
MiWay in a digital environment, from first contact (which can also be chat now), to reading up on what is on offer, to choosing the right cover and even the signing and conclusion of the agreement. Claims are also settled expeditiously.
Getting different
insurance quotes and the correct
insurance for your purposes is very important. Always ensure that your assets are not over or under insured, especially when your business ventures out into the continent. The recently affected
African Continental Free Trade Agreement (AfCFTA) springs to mind. Signed by 54 or Africa’s 55 countries, it opens up huge opportunities for
South African businesses in general, and farmers in particular, to do business with the rest of the continent. That means transporting goods through multiple borders via road, and that poses several risks, which the right
insurance can cover. Instances such as the movement of perishables across countries means your truck’s refrigeration must be absolutely up to date and in perfect working order. It is ideal to get cover suitable for your needs. Worse, the truck itself might get stolen and need replacing. All these risks require discussion with
MiWay Business Insurance for the best possible cover.
MiWay is a licensed non-life insurer and Financial Services Provider (FSP 33970).
