What is business interruption cover, and could your company survive without it?
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If your business was unexpectedly brought to a halt tomorrow, would it survive the financial impact?
In episode two of our four-part On the Money series in partnership with Old Mutual Insure, Schaun van den Berg, Executive: Alternative Channel Solutions for Old Mutual Insure, joins Old Mutual’s Financial Education Programme Manager, Thabo Hollo, to unpack what business interruption cover is and why it’s so important for South African businesses – especially SMMEs.
From fires and forced shutdowns to unexpected events that prevent you from operating, Schaun explains how interruption cover can help protect lost income, safeguard salaries, and support the long-term sustainability of your company while you get back on your feet.
It’s a practical conversation about continuity, consequences, and making sure your business can keep moving – even when the unexpected happens.
In episode two of our four-part On the Money series in partnership with Old Mutual Insure, Schaun van den Berg, Executive: Alternative Channel Solutions for Old Mutual Insure, joins Old Mutual’s Financial Education Programme Manager, Thabo Hollo, to unpack what business interruption cover is and why it’s so important for South African businesses – especially SMMEs.
From fires and forced shutdowns to unexpected events that prevent you from operating, Schaun explains how interruption cover can help protect lost income, safeguard salaries, and support the long-term sustainability of your company while you get back on your feet.
It’s a practical conversation about continuity, consequences, and making sure your business can keep moving – even when the unexpected happens.
Chapters
- 00:00 – Introduction
- 01:19 – Why SMEs Need Insurance
- 02:20 – Why Commercial Insurance Matters
- 02:53 – Understanding Risk Transfer
- 04:03 – What Is Business Interruption Cover?
- 05:38 – Income vs. Overheads Clarified
- 06:38 – The Trust Economy
- 08:18 – Do Informal Businesses Need to Be Registered?
- 09:29 – Importance of Accurate Disclosure
- 11:18 – Using Personal Vehicles for Business
- 12:28 – Understanding Underinsurance
- 15:03 – Technology in Insurance
- 17:02 – Critical principles when buying commercial insurance.
- 19:13 – Affordability vs Adequate Cover - How SMEs can balance cost and protection.
- 20:00 – Top advice: risk assessments, regular reviews, and understanding deductibles.
- 22:46 – Closing Thoughts
