Can you really afford not to have insurance cover? If something unforeseen happens and you are not covered - will your business be able to survive the event?
The future is unpredictable which is why insurance exists. Natural disasters, accidents, fraud and theft are common considerations which need to be prepared for in any event. Business insurance makes this possible. In the current economic climate, it may seem like a good idea to cut back on your insurance cover or cancel it to save on operational costs. According to experts, this is never a good idea.
Insurance is not just a ‘nice to have’ in running a successful business, it is a responsibility. Ensuring your business’ operations, equipment, products and employees are all adequately covered is good business practice. But cost pressures are a reality facing every business owner. Instead of dropping your insurance, rather employ ways to save on premium costs without compromising on adequate cover.