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Are you worried that your loved ones are not sufficiently prepared or protected? Convince them to purchase life insurance!

What should you say to them?

You should tell them the truth:

Life insurance provides financial coverage for loved ones after you pass away

They may be worrying about how they will provide for the people who depend on them. Life insurance can take care of these concerns by supplementing their income, help cover medical debts as well as other expenses they may incur along the way.

It can help them out of debts

If they have any mortgage, or credit card debt that may or may not be discharged upon death, life insurance benefit can repay debts and ease the financial burden survivors face.

Prepare for End of Life Expenses

A seldom talked about topic but people need to start planning their own funeral! As you start planning you will realise how great the cost is; talk with your loved one about the advantages of covering this expense with a life insurance policy.

Emphasize the Benefits of Buying Young

The younger you are when you start, the lower your premium will be! This is because life insurance premiums are typically tied to a person’s age and health. Bonus: their whole life insurance policy will have more time to grow in value the longer they own it. Stress that life insurance is a valuable asset, because lets face it:  it is!

By using these tips, you can hopefully convince your loved one to purchase this valuable coverage for their peace of mind, and yours.

If they do it between now to 31st March, they will automatically be entered into our draw that will be taken in April 2019.

Short answer? No.

At Sacos we understand that one of the big overheads for a business comes from the ownership and maintenance of a fleet of commercial vehicles.

Your company fleet of work-use motor vehicles represents a significant investment in capital, and a sizeable proportion of the risk the company carries as driving is among the most dangerous work activities.

When motor vehicles are involved in your operations, accidents are likely to happen, and you never know when it will take place or just how severe the results might be for your driver, passengers, and others involved in the incident; or to the surrounding roadway or property!

Our Motor Fleet Insurance Policy, offered to clients with a minimum of five vehicles of more, makes insuring your assets more affordable. The policy protects the fleet from losses incurred as a result of traffic accidents and against third party property damage or injury or death following an accident.

Sacos’ Motor Fleet Insurance is competitively priced and provides comprehensive cover for different types of vehicles. A commercial motor insurance gives your company comfort and protection for your fleet.

Does your company own for than 5 motor vehicles? This cover might be for you!

Pay us a visit at our branches (Maison Esplanade – Victoria, Pension Complex –Baie St. Anne Praslin, Green Corner –Providence)  or call us on 429 5000 or send an email to info@sacos.sc.

I knew a business owner whose shop, for some time, was failing to make a profit. It was odd, because she had customers. Plenty, in fact. She was often travelling, and left the day to day running of the business to her employees.

Over time, it became apparent that something was not right. Eventually she discovered where most of the money was going: into the employees’ pockets. Despite having evidence, there was little she could do to get her money back.

Many businesses are fortunate enough to never have to be in a similar position, but a lot of companies are exposed to significant financial losses due to crime committed by employees. What can you, as a business owner do to protect yourself?

GET A FIDELITY GUARANTEE!

What is Fidelity Guarantee Insurance?

It is an insurance policy designed to indemnify the Insured (usually the employer/business owner) for the loss of money or property sustained as a direct result of acts of fraud, theft or dishonesty by an employee during the course of his/her employment. The policy is designed to compensate employers against loss of money or stock through fraud or dishonesty of their employees in the course of performing their duties. It is especially beneficial for companies or businesses where employees have to handle cash on a regular basis.

What does it cover?

 The policy indemnifies insured against financial losses:

• Committed by employees as a result of fraud
• When the fraud is detected during the period of insurance.
• When employee has been prosecuted for fraud or there is evidence that the fraud was committed by the employee.

So essentially, it will provide reimbursement for loss resulting from dishonesty, fraud, loss of property, loss from loans or trading committed by an employee for improper personal financial gain. It will also cover theft of property through computer fraud, as well as the theft of funds from the insured’s transfer account at a financial institution are also indemnified.

If you’re concerned about fraud or theft, then pay us a visit at our new location in town or call us on 429 5000 or send an email to info@sacos.sc for more information on our Fidelity Guarantee Policy.

Did you know that plastics are very likely to outlive humanity?

In recent years, people have started cutting down on plastic consumption, as we have started to realise the effects plastic can have on the environment and our oceans.

Although plastic is a useful product, many of these products are created for single-use, after which they are thrown away and improperly disposed of. Not only is this harmful to the environment and the oceans, but it is also harmful to wildlife.

As we become more conscious of how our actions can have an impact, check out these 5 simple ways that you can do your part to use less plastic:

1. Fill your own water bottle

Bottled water is one of the most common single-use plastics around, but they’re completely unnecessary. Save yourself money and reduce your plastic consumption by purchasing a water bottle that you can fill up and take with you anywhere.

2. Use your own utensils

Not everyone has the time to plan meals ahead of time, and find that take-aways are more convenient. However, you will notice that most take-away outlets regularly serve you with disposable plastic cutlery. Keep a set of reusable knives and forks on your person or at the office when heading to lunch, and you’ll have no need to take them! You may also consider bringing your own food container or better yet pack your own lunch.

3. Bring your own bag

Plastic bags have been under the spotlight for a good few years now. Seychelles has implemented a ban, so you’re probably used to taking your own bags to the supermarket already. Remember to leave one in your bag or car, just in case you forget.

4. Say No to Straws

 Believe it or not straws are one of the ultimate wastes of plastic, hence why so many establishments have taken the initiative to switch to paper or pasta ones instead. Always ask for your drink without a straw, but if you enjoy drinking through a straw then you can always carry your own. There are reusable ones made out of metal, glass, or even bamboo!

5. Find alternatives!

Switch to products that do not use plastic packaging where you can. For example, instead of buying shower gel, buy soap! Not only will you use less plastic, but it will last you longer and save you money!

There are plenty of little changes that you can personally make in order to reduce plastic consumption. Have any tips to add to the list? Drop it in the comments section!

As an employer and business owner, one of your top priorities should be to safeguard your most important asset – your employees. The Group Personal Accident Insurance offers you the possibility to do so.

Continue reading “Group Personal Accident Insurance: Safety in numbers” →