Business owners can now stand a chance to win R50,000 towards power backup solutions, every week for the duration of the Business OUTsurance promotion.
There will be a total of 10 winners, each winning R50,000 worth of services focused on providing the winner with an alternative energy solution.
Simply complete an obligation-free OUTsurance business insurance quote before 18:00 on 31 October 2022 to stand a chance to win an alternative energy solution worth R50,000.
Keeping your business in business
Load shedding continues to have a crippling effect on our country, requiring business owners to shop around for alternative energy solutions.
This is in addition to making sure their business insurance makes provision for sudden and unforeseen interruptions to their business caused by an insurable event, following periods of power outages.
Business interruption has been designed to cover businesses against the financial loss they could suffer following the interruption of their business activities after an insurable event.
This loss refers to a reduction in turnover and an increase in the cost of working and needs to be a direct consequence of damage that occurred at the business premises.
As a business owner, you have no choice but to take a proactive approach and foresee any possible financial losses you could suffer after a power outage causes you to pause your business activities.
Business OUTsurance makes provision for instances such as these under their Business Interruption ‘public utilities – extended cover’ option that covers financial losses suffered after a sudden and unforeseen failure of the public supply of water, gas or electricity resulted in an interruption of your business activities beyond 24 consecutive hours.
Looking at alternative energy solutions
In addition to getting the right insurance for your specific business, it’s also recommended that you put a backup plan or rather, a power backup solution, in place.
The best solution really depends on your business type (e.g. a restaurant as opposed to a workshop).
You may be looking at installing solar panels, implementing backup power systems, or maybe even generators (as a short-term solution).
Get an obligation-free quote to stand a chance to win
OUTsurance is a licensed insurer and FSP. Terms and conditions apply.
