Failure to guard and insure against business risks could sink your construction business
Small, medium and micro enterprises (SMMEs) are the backbone of the economy. With an increased focus from the government in driving support for emerging SMMEs, there are big opportunities for emerging businesspeople to apply their entrepreneurial ability in the construction, earthmoving and related industries.
If your business falls into this category, you need to keep three key factors in mind though: your plant and equipment (the ‘yellow metal’) is expensive; your business depends on the availability and reliability of the machinery, and all your plant and machinery equipment operate in inherently dangerous places and unpredictable circumstances. It is therefore critical that good business insurance cover is in place all the time (even when – especially when – cash flow is tight).
The only authentic, complete and up-to-date guide to employment practice and labour law in the South African road freight industry, this no-nonsense guide, is a must for transport operators big and small, from local couriers to long haulage contractors as well as earthmoving contractors. The agreements also affect businesses involved in related distribution activities such as warehousing, receiving, unpacking, packing and dispatching. It is also of interest to trade union representatives and puts an immense mass of information into an easy-to-understand and practical format.
Suggestions for a Great Home Renovation and Dealing with Contractors
Whether you are renovating an existing house or building a new one, it is always exciting to watch the builders and their equipment arrive – not to mention seeing the new developments, improvements and features being added to your property.
Bear in mind however that the process can go wrong, particularly if you choose the wrong contractors. Getting the wrong contractors can cost you money, cause plenty of stress or even result in a house that collapses later.
What are the retrenchment cover requirements?
Becoming retrenched is devastating. You were once so certain about your job but now you find yourself without work and having to figure out how you are going to pay your bills and get through the next few months. This can be a highly stressful time for both yourself and your family as you are no longer able to earn an income. This is why you should take out retrenchment insurance before you start your job, in order to remain protected from such issues.
Now, you might be wondering what the requirements of retrenchment cover are in order to apply for it. After all, you need to meet them in order to apply for this vital income protector. Retrenchment cover in South Africa does require you to be working a full-time job and you need to have been in your current position for at least one year. If you want to apply for retrenchment insurance in South Africa, read on below for the general requirements.