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Tips for Business Owners - Building Insurance

 
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Tips for Business Owners - Building Insurance | CIG Several things you can do to make life easier for yourself and your businessr

Tips for business owners 

As a motivated and highly successful business owner, we know that you have a lot to worry about. This might include your staff, data and even your premises. As a result, there are several things you could do to make life a little easier for yourself. From building insurance to proper staff training, here are a few tips that might help.

Keep your place of work covered

Failure to secure a building insurance policy is often a massive loss of income for many businesses. When disaster strikes and you and your staff cannot go to work, there’s a good chance that profits will take a dive. Unless your work is predominantly digital, the impact of floods or fires just isn’t worth risking. With building cover, you can ensure that you’re never left out of pocket when faced with the worst, as you’ll be compensated accordingly.

Invest in your staff

From proper training to programmes to medical aid benefits, there are many ways that you can show your staff that you care. This could even be improving safety measures within the office space or upgrading facilities. Ensuring that your staff are trained and supported through relevant complaints procedures will go a long way. This will mean that your employees will come to you with issues instead of holding back. Staff investment and enrichment will pay off in the long term so it’s worth it.

Strive for balance

Owning a business is a full-time job and even an after hours one. That being said, we suggest that you set yourself boundaries that will help you live a balanced and happy life. This is not only for you but for your partner, family and friends as well. Examples of this might include no checking of emails before or after a certain time or no work on weekends.

Be open to change

A major factor that influences the success of many businesses is the ability to adapt to change. Failure to do so can result in the closing of a business. This means it’s wise to have a strategy in place that acts as a guide for adapting to change. Whether it’s a new product or tapping into a different market, change is never a bad thing. It’s how you deal with it that counts.

Policies perfect for business owners

At Compendium, we offer a range of insurance products that make a real difference to the lives of business owners. Whether you’re a startup or a national company, you might want to consider a few policies for your peace of mind. For more on our insurance and assurance products, please call us today on: 031 242 6800.




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