Benefits of Insurance for SMEs

Small Medium Enterprises (SMEs) are relatively small businesses with a promising potential to grow despite having low economies of scale and limited amounts of income in their daily operations.

Insurance helps to protect business owners against property damage and liability claims. It ensures that a business can continue running after an unfortunate event.

Insurance on the other hand is a mutual agreement in which an entity pays a fee on a particular basis i.e. monthly and is in turn offered indemnity by an insurance company in cases where the entity encounters an unforeseen misfortune such as theft, fire outbreaks etc. Insurance serves to alleviate businesses from the inevitable risk of losing everything at an instant.

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

Have a Story? Send Us a tip
arrow up