When you have people working for you, it's not only important to ensure their safety at work, but also to make provisions should an accident or injury occur during the course of their duties. Registering with the Compensation Fund will protect you and your employees in this regard. Besides your legal obligation, a worker injured or disabled at work can be a major (and often unforeseen) expense, but if you belong to the Fund, it will provide the cover and avoid and potential legal action taken against you.
The Unemployment Insurance Fund (UIF) acts as a temporary safety net for employees who are retrenched or unable to work due to illness or maternity leave. You have a moral and legal obligation to register with this fund and contribute on behalf of your employees. It's not as complicated or costly as you might think. The attached guide will help you navigate the steps you need to follow in order to register and pay the UIF.
When you own a small business, you often get to know your employees on a personal level and they become more like family. They in turn also have families to support, so providing benefits to your workers will go a long way in assisting them once they leave your employ. In this article, we explore your options when you want to provide for your employees' retirement.
What if one or more of your key staff members – responsible for continuity – or your business partner becomes disabled, or worse, dies? How will your business, your reputation and your income be affected? It's important to take a close look at the risks your business faces so that you can take responsible action. Key Person Insurance is one way of covering your risk. Let's break it down.
The office for the Ombudsman for Long-term Insurance was established in 1985. The function of the office is to mediate in disputes between subscribing members of the long-term insurance industry and policyholders regarding insurance contracts. It is an independent office which is accountable to an independent Long-term Ombudsman Council for providing an efficient and independent service to policyholders and others in response to disputes arising from long-term insurance policies.
Sanlam is a diversified financial services group, headquartered in South Africa, operating across a number of selected global markets. We have been creating value for stakeholders since 1918 – for more than 100 years. Sanlam is one of the biggest internationally active insurance groups globally, and is classified as a domestic systemically important financial institution in South Africa. We contribute to financial resilience and prosperity in all the markets where we are present.
We are an independent, non-profit industry ombud scheme. We provide the insuring public and the short term industry with a free, efficient and fair dispute resolution mechanism through an alternative dispute resolution process, applying the law and principles of fairness and equity. We deal with personal lines short-term insurance disputes including disputes relating to motor insurance; homeowners insurance (buildings); household insurance (contents); cell phone insurance; travel insurance; disability insurance; and credit protection insurance.