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Are you thinking of launching or expanding your business? Here are some information to consider…

Planning to launch or expand your business this year? 

Here are some useful information for you to consider when you make your business plan:

Mobilising your startup capital

How are you going to finance your business? Your startup capital can come from different sources. Aside from traditional bank loans, entrepreneurs can also make use of existing government schemes and grants for micro, small and medium enterprises. Your banking institution may require you to take out a Credit Protection Insurance policy to secure your loan and thus mitigate your risks.

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Does home insurance cover home rentals?

The simple answer is yes. Nevertheless, the nature of insurance coverage differs for landlords compared to tenants.

Landlords – Home Insurance

Landlords can apply for both a Building and Contents cover under the Householder’s Policy. The Building cover will insure the wall, roof, floors and other permanent fixtures of the house or apartment. The Contents cover will insure furniture and other electronic appliances belonging to the landlord alone.

Tenants – Home Insurance

Tenants can only apply for a Contents cover under the Householder’s Policy as they do not have ownership of the house or apartment. The Contents cover will cover the furniture, electronic items etc which belong to the tenants alone.

Landlords can additionally benefit from Loss of Income on Rented Building under the Building cover.

If you have a rental or you rent an apartment, contact us on 4295000 or general@sacos.sc for more information.