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Business Insurance

Kick-Starting Your Handyman Business: A Guide

Published on: 18 September 2018
Kick-Starting Your Handyman Business: A Guide

Whether you are a plumber, electrician, cabinetmaker, refrigeration expert, tiler or builder, skilled handymen are always in demand. For many, the best way to make the most of the opportunity is to open your own business. But where does one start? The first step is to register your business with the Companies and Intellectual Property Commission (CIPC). Look for a catchy name that is easy to...

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18 September 2018

Coworking: The Secret To Growing Your Small Business?

Published on: 14 September 2018
Coworking: The Secret To Growing Your Small Business?

Small businesses are big news!  In South Africa, small, medium and micro enterprises (SMMEs) are responsible for 40% of all business in the country and 36% of the GDP. With the challenge of getting appropriate funding, it is fortunate that cost-effective solutions for entrepreneurs that are unable to invest in increasingly expensive office space are beginning to emerge. One such solution is...

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14 September 2018

5 Ways to Spring Clean Your Business and Let It Grow!

Published on: 07 September 2018
5 Ways to Spring Clean Your Business and Let It Grow!

Every home needs a good spring clean every now and then, and a business is no different. We work more effectively and efficiently when there is order about us. Here are 5 ways you can spring clean your business and let it grow: Update your online presence. Regularly check that your website and social media pages still contain relevant information. Is there copy or accompanying images that could...

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07 September 2018

How to Prepare Your Business for the Unexpected

Published on: 30 August 2018
How to Prepare Your Business for the Unexpected

Running your own business can be both stressful and exciting. By considering potential risks or events before they happen and having a risk management plan in place, you can save money and protect your business’s future. “Business as usual” could be affected by an unexpected event such as a natural disaster, theft or even injury to staff, customers or visitors to your premises....

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30 August 2018

Buying a Franchise? Don’t Forget About These 4 Things!

Published on: 24 August 2018
Buying a Franchise? Don’t Forget About These 4 Things!

A recent poll, conducted by BusinessTech, showed that South Africans are showing increasing interest in buying franchises. If you have been thinking of starting your business, buying a franchise can be a great and safe move for entrepreneurs who may be a little wary to start a new venture from scratch. Becoming a franchisee will help you acquire a model that has already proven its success. You...

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24 August 2018

The Importance of Humour in the Workplace

Published on: 16 August 2018
The Importance of Humour in the Workplace

This #WomensMonth we chatted to the bubbly Mari Schourie, CEO of XtraSpace FlexiOffice T/A The Workspace, who is responsible for the development and growth of the coworking and serviced office business. Mari has 17 years’ in-depth experience in this industry – her experience includes the management of commercial properties and providing business strategies to companies.  Here’s...

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16 August 2018

5 Successful business women share their secrets

Published on: 14 August 2018
5 Successful business women share their secrets

Over the course of a year, we have outlined how women who have taken their own personal paths to establishing their own businesses, achieve optimal life and work balance and take charge of their own destinies. From ‘intrapreneurs’, to those who have engineered a complete change of career, and those who have repackaged existing skills in new ways, South African women are showing that success...

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14 August 2018

3 Secret Ingredients to Nailing It in The Beauty Industry

Published on: 08 August 2018
3 Secret Ingredients to Nailing It in The Beauty Industry

Monica Haralambous, the owner of Sorbet Lonehill, believes that ‘When one door closes, another opens’. Retrenched from her job in the financial services industry, Monica saw retrenchment not as the end of her career, but rather the beginning of a new one. It’s this philosophy that helped her achieve her dream of opening her own beauty salon. Monica explains her reasons for buying...

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08 August 2018

3 Mistakes that Could Sink your Yellow Metal Business

Published on: 03 August 2018
3 Mistakes that Could Sink your Yellow Metal Business

Small, medium and micro enterprises (SMMEs) are the backbone of economy. With an increased focus from 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:...

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03 August 2018

5 Reasons Why Investing in the Community is Good for your Business

Published on: 12 July 2018
5 Reasons Why Investing in the Community is Good for your Business

Besides it being the right thing to do, there are good business reasons for investing time to ‘do good’ – especially in your local community. Here are five reasons why investing in the community can be beneficial to your business: Creates awareness. In the same way that advertising or PR budget can be spent on brand awareness campaigns, investing in the community can achieve...

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12 July 2018

5 Ways Small Business Owners Can Get More Done

Published on: 05 July 2018
5 Ways Small Business Owners Can Get More Done

As an entrepreneur, free time is a rare luxury. There are nearly always tasks to complete and deadlines to meet. Realistically, you probably have between 8 and 12 hours each day to get work done - maybe 14 at a push – and still, there never seems to be enough hours in the day for busy business owners…  We have put together 5 practical ways in which you can add hours to your day. Proper...

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05 July 2018

Inspiring advice from young South African entrepreneurs

Published on: 29 June 2018
Inspiring advice from young South African entrepreneurs

If there’s one thing these young go-getters have in common, it’s a determination to succeed. Here are 4 tips to inspire entrepreneurs, no matter what your age: “Dare to be who you truly are.” – Imke de Villiers Imke is the youngest of our four featured entrepreneurs, at only 11-years old. Her first book, The Mouse Hole, is available on Kindle and in online stores....

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29 June 2018

Two-wheeled deliveries: a win for your business

Published on: 21 June 2018
Two-wheeled deliveries: a win for your business

Using a motorbike (or scooter) to do deliveries for your business may not be something you have contemplated before.    Here's why your delivery business should consider moving to two wheels: Beat the traffic!  The greatest advantage of travelling by bike or scooter, is that you can get through traffic faster than if you were in a car. No more long hours stuck in congested areas!...

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21 June 2018

'Home-made' businesses: getting the ingredients right

Published on: 01 June 2018
'Home-made' businesses: getting the ingredients right

Whether you are looking for a way to supplement your income or wanting to start a new business to support a lifestyle change, the preparation of baked goods or other food products could be the answer. Why not turn your hobby into a profit and whip up extra income? Before firing up your oven, make sure you go through these tips to build a secure foundation for your new venture: Do your research....

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01 June 2018

Goods in transit heists (how to protect your stuff)

Published on: 24 May 2018
Goods in transit heists (how to protect your stuff)

In recent weeks, the looting of trucks has caused chaos across the country. A recent incident, over the Freedom Day / Workers’ Day long weekend, saw more than 30 trucks destroyed or damaged - an estimated loss of R250 million.  In the video below, watch how nimble thieves execute a pineapple heist from a moving truck: Interruptions to the transporting of goods hamper the running of...

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24 May 2018

6 ways to survive the post-holiday blues

Published on: 04 May 2018
6 ways to survive the post-holiday blues

In South Africa, we are blessed with many public holidays – some of which turn our weekends into long ones! However, if you feel deflated or demotivated when returning to work after a break – you’re not alone! Although business might have been good – especially if you’re in retail - be sure to follow our tips below in order to ensure you (and your team) stay productive...

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04 May 2018

Choose the right insurance for your business vehicle

Published on: 25 April 2018
Choose the right insurance for your business vehicle

The needs of business owners are all different: the roadside assistance needs of a truck owner are different to those of a fleet owner - and businesses covering shorter distances (like handymen or caterers) face significantly fewer risks than vehicles covering long distances. Essentially, you need to understand what kind of insurance is right for your business vehicles. Here are 8 tips to help...

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25 April 2018

MiWay and The Workspace set to help boost entrepreneurs’ businesses

Published on: 20 April 2018
MiWay and The Workspace set to help boost entrepreneurs’ businesses

The Workspace and MiWay have joined forces to launch an entrepreneurial hub and business development programme at the newly developed Village Road premises in Selby in Johannesburg’s central business district. MiWay’s presence at Village Road will give members the convenience of having business insurance and a host of other requirements fulfilled at their place of work whenever it suits...

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20 April 2018

4 benefits of implementing standardised processes for your small business

Published on: 19 April 2018
4 benefits of implementing standardised processes for your small business

Whether you call it: Business Process Management, BPM, Standardised Procedures or Standard Operating Procedures – standardising processes within your business boils down to  running your business smartly and giving it a competitive edge. Here are 4 benefits of having standardised processes in your business: Cost effectiveness. The biggest benefit of good business process management...

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19 April 2018

Truck drivers: their health is your wealth

Published on: 12 April 2018
Truck drivers: their health is your wealth

It is well-known that South Africa has some of the worst road-safety statistics in the world. The death or injury of loved ones exacts a high social cost, but accidents also hit the economy hard – business vehicles have to be repaired or replaced and often goods in transit are destroyed or delayed. Many truck drivers on our roads today suffer from sleep deprivation, back and neck problems,...

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12 April 2018

Coworking spaces: 3 things to look out for

Published on: 05 April 2018
Coworking spaces: 3 things to look out for

South Africa’s small business sector continues to grow, with SMMEs now accounting for over 36% of the country’s GDP. Many of these entrepreneurs are, however, unable to sustain their business operations due to limited support and countless administrative hassles.  These business owners also suffer as a result of reduced opportunities for collaboration and networking, with many working...

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05 April 2018

3 mistakes that could ruin your business

Published on: 16 March 2018
3 mistakes that could ruin your business

Very often we hear that “mistakes are inevitable” and that the lack thereof means we’re not trying hard enough.  Starting a business is often the realisation of a dream (that doesn’t come without its own fears) and if you don’t take your brilliant idea and turn it into a thriving business, someone else might…  Unfortunately, the fear of not succeeding...

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16 March 2018

4 opportunities SMEs should look into this year

Published on: 14 March 2018
4 opportunities SMEs should look into this year

SMEs are the backbone of our country, and the R2.1 billion that has been allocated towards the funding of small businesses in the 2018 budget speech is testimony to this.  Economic downgrades, VAT increases and general uncertainty about the future can, however, cast a shadow over the positive outlook this investment predicts. It’s not all doom and gloom though; we have put together 4...

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14 March 2018

Four ways to save on your business’s fuel costs

Published on: 23 November 2017
Four ways to save on your business’s fuel costs

Fuel prices make us all nervous, and fuel consumption is an increasing issue for drivers and fleet owners to understand. Even if you’re running a fleet of one handyman vehicle, fuel is a major business expense. These four simple tips will help fleet-owners and busy consumers alike to save cash – and protect business profits: Stay on top of your maintenance. Stick to your vehicle’s...

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23 November 2017

Vehicle overloading… is it really worth it for your business?

Published on: 03 November 2017
Vehicle overloading… is it really worth it for your business?

When transporting goods and stock, it may be tempting to load the vehicle a little more than usual in order to maximise the load and possibly reduce fuel costs, but this can be a costly mistake. We know that optimising productivity, reducing operational costs and improving profit is key for any business, but “Overloaded vehicles are estimated to be responsible for R400 million of unnecessary...

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03 November 2017

Time is money: Tips to help you use yours well

Published on: 19 October 2017
Time is money: Tips to help you use yours well

Entrepreneurs particularly have to learn how to do it all – something that’s only possible if they learn how to manage their time. We hear a lot about the need to encourage the creation of small, entrepreneurial businesses in order to generate jobs and grow the economy, but less is said about just how difficult it is to turn that great idea into a sustainable business that actually makes...

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19 October 2017

Tips for trucking owner-drivers looking to make more moolah

Published on: 15 September 2017
Tips for trucking owner-drivers looking to make more moolah

Challenges such as long working hours and low salaries for skilled truck drivers in South Africa, mean that the country is unable to recruit the thousands of new professional truck drivers it requires every year. Demand for skilled drivers is at its peak, leaving prime opportunities for economic and entrepreneurial success. We know that the road to riches may be a tricky one given the high upfront...

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15 September 2017

Rev up at TruckX and FleetX!

Published on: 10 July 2017
Rev up at TruckX and FleetX!

Action packed and adrenalin filled, this year’s TruckX and FleetX event is being held at the Kyalami Grand Prix Circuit from 12-13 July. With a wealth of information, insights and excitement for transport operators, fleet managers, logistics providers and anyone with an interest in efficient mobility, the two-day event promises action and adrenalin with a high-octane line up both on and off...

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10 July 2017

Does your driver have the right licence?

Published on: 29 June 2017
Does your driver have the right licence?

Many South Africans see transport as a viable sector in which to start a small business. Think of the numerous Ubers, taxis, bakkies and trucks that you drive past every day. However, one of the basic conditions of any vehicle insurance policy is that the driver has the relevant qualification. If your business involves the transportation of people, ordinary goods or dangerous goods on public roads,...

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29 June 2017

The junk status effect on small businesses

Published on: 08 June 2017
The junk status effect on small businesses

The recent downgrade of South Africa’s debt to junk status and news of another recession spells tough times for business, with SMEs likely to be the hardest hit. As a business owner, you will be tempted to cut costs as things get tougher - however, insuring your business has never been more important. Don’t succumb to the pressure and skimp on your business insurance - being properly covered...

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08 June 2017

What’s the fuss about networking?

Published on: 23 May 2017
What’s the fuss about networking?

What does networking mean to small business owners - and is it worth it? The Oxford Dictionary defines networking as “a system of trying to meet and talk to other people who may be useful to you in your work.” It is said that networking is like having a myriad of sales people working for you, because everyone you speak to carries the potential to advertise your product, business...

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23 May 2017

Is your small business facing these challenges?

Published on: 19 May 2017
Is your small business facing these challenges?

Despite the fact that small, medium and micro enterprises are estimated to provide employment to up to 60% of the South African labour force, SMEs face plentiful challenges on a daily basis.  Administrative tasks are likely to consume a vast majority of billable hours. Between legal compliance, SARS documentation, bureaucratic red tape and lack of resources, emerging enterprises are left with...

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19 May 2017

6 key ways to build a successful remote business

Published on: 30 March 2017
6 key ways to build a successful remote business

Picture yourself clinching a big deal on your laptop or being part of a meeting without even having to leave home – the evolution of technology has made this possible. Besides good planning, there are many factors to consider when building and setting up a successful remote business. Here are other key things to help you on your way: Get your technology sorted. Technology is what makes...

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30 March 2017

Dropping the clutch on trucks – going the automatic route

Published on: 01 March 2017
Dropping the clutch on trucks – going the automatic route

The growing trend towards automation hasn’t just stayed at cars. Multiple industries are using smart technologies to reduce costs and drive business efficiency. Globally, it appears that sales of automated two-pedal trucks are beginning to inch past those of three-pedal models. When it comes to driving trucks, and changing gears, it is claimed that by reducing the momentum lost when changing...

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01 March 2017

Getting back to business…7 resolutions for your business

Published on: 17 January 2017

As a business owner, you have probably set your own personal resolutions, so why not do the same for your business as you prepare for a better year ahead? Here are 7 awesome resolutions so your small business can hit the ground running.  The time to delegate starts now! If you want something done right, do it yourself.” – the famous saying that we’ve all heard at some point...

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17 January 2017

Retail crimes: 7 ways to avoid becoming a victim of shoplifting

Published on: 11 January 2017

Being a business owner comes with many untold risks and stress factors. One of the most stressful of these in the retail space is shoplifting. As if competition from online shopping sites is not enough to stress about, you don’t also want to find yourself stressing about the loss of sales due to theft. While security cameras can help you identify suspects after a theft, there are also other...

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11 January 2017

Pop-up and prosper!

Published on: 20 December 2016

The traditional way of shopping as we know it is undergoing a huge shift. With retail space becoming ever more expensive and the viability of long-term tenancy no longer what it was, retailers are looking more and more to capitalise on the growing popularity of pop-up shops. This change in direction for retailers means fewer costs when it comes to rent as the spaces are temporary. The limited stock...

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20 December 2016

Business owner’s insurance made simple

Published on: 08 November 2016

When you own a business, you have a lot to protect, and the right small business insurance cover can be important to your continued success. Luckily, MiWay offers a variety of business insurance products to choose from so that you can protect your business from damages caused by unexpected situations. Business insurance can be overwhelming - here’s where to start! Insuring your business’s...

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08 November 2016

What you need to know about commercial vehicle insurance

Published on: 25 October 2016

  South Africa’s notoriously dangerous road system poses countless risks to any business whose services are dependent on mobility. Given the epic financial and logistical consequences faced as a result of a lost or stolen commercial vehicle, it’s important for you as a business owner to understand your specific insurance needs and to make sure that you have the best solution in place...

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25 October 2016

Don’t sweat the small talk!

Published on: 12 October 2016

Do you Uber? A question that is becoming more and more common as this ride-sharing app continues to spread its footprint around South Africa. And if you do Uber, do you chat to the driver? Now, we get it – not everybody is for small talk or is the type to launch into full-on conversations with everyone they meet… after all, we were raised to not talk to strangers. But if you are going...

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12 October 2016

Truck it! Sharing the road with trucks

Published on: 05 October 2016
Truck it! Sharing the road with trucks

At some point in your driving life, you will share the road with trucks - sometimes more often than you’d like. If you are like many of us who use national roads on a daily basis, this is one thing you can’t avoid. Because of their business purposes, trucks are on our roads daily and they are here to stay… so we just really need to learn how to truck it out better. We like big...

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05 October 2016

Why would a florist need insurance for their flower shop?

Published on: 08 September 2016
Why would a florist need insurance for their flower shop?

As a professional florist, you have specialised business insurance needs that differ from other small businesses. You face risks such as the safety of customers visiting your shop, weather-related mishaps that might delay or damage important orders, damage to or theft of your business vehicles, and other challenges. Have you thought about insuring your floral business? Whether it's your first time...

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08 September 2016

Managing the hidden risks associated with trucking

Published on: 30 August 2016

  The trucking industry is fraught with risks, from hijacking and theft through to damage caused by protest action. But the cost of a breakdown or accident extends beyond the cost of repairing or replacing the vehicle alone, says MiWay. Morné Stoltz, Head of Business Insurance at MiWay, says the true costs and complexity of managing the aftermath of a hijacking or accident can come...

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30 August 2016

Making your business our business - Goods in Transit cover

Published on: 18 August 2016
Making your business our business - Goods in Transit cover

If you run a business which involves the transportation of goods, you may be well aware of the many risks involved during transit. Not only is your business’s reputation dependent on the safe (and punctual) delivery of those goods to the customers who’ve paid for them, but you also have to consider the financial loss and the effects of the accident on the environment should an incident...

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18 August 2016

The truth about truck accidents on SA roads

Published on: 07 June 2016
The truth about truck accidents on SA roads

MiWay's Head of Business Insurance, Mornè Stoltz, shares his insights and views on what the country and industry can do to reduce that carnage on South African roads. Although small motor vehicles (47.9%) and minibus taxis (10.1%) accounted for over half the accidents over the 2015-16 festive season, light delivery vehicles (22.7%) and trucks (4.8 %) were also responsible for a high number...

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07 June 2016

Easy Access to a Flat Excess

Published on: 29 December 2015
Easy Access to a Flat Excess

Do you know what your excess will be in the event of a claim and specifically in the event of a total loss? A policy document is not generally regarded as exciting bedtime reading.  The pertinent fine print can sometimes be missed by policyholders, as the document can be lengthy and filled with legalese.  Unfortunately, unless you have paid attention during the sales process, you may be...

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29 December 2015

Applying Brakes on Truck Accidents

Published on: 01 October 2015
Applying Brakes on Truck Accidents

A Serious Matter On a daily basis, road safety is often foremost on the minds of many South African drivers.  This is not at all surprising, considering the vehicle accident statistics that the insurance industry can report on each month.  As a country, we have a dedicated month of the year called Transport Month, which reinforces just how important and serious a topic this is in our country. ...

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01 October 2015

You probably didn’t see it coming: 3 common business insurance mistakes

Published on: 14 August 2015
You probably didn’t see it coming: 3 common business insurance mistakes

Most entrepreneurs and business owners know the importance of having the right insurance, but unfortunately, many still fall victim to simple mistakes that could have been avoided. Although these might be minor, they could have disastrous consequences. Failure to update Once you have your business’s insurance in place, it’s easy to forget about it, and just assume it can be left to...

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14 August 2015

Why Having Business All Risks Cover Just Makes Sense

Published on: 19 June 2015
Why Having Business All Risks Cover Just Makes Sense

So you ask yourself; “Why do I need All Risks cover?” Well it really has to do with the fact that it is the most comprehensive type of insurance cover available. When looking at a personal insurance policy and comparing it to the exposure of your business, it begins to make even more sense to purchase this type of insurance. Personal All Risks Cover vs Business All Risks Cover With...

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19 June 2015

Asset cover vs peril cover: What are perils in any case?

Published on: 05 May 2015
Asset cover vs peril cover: What are perils in any case?

Taking up personal insurance cover is pretty straight forward especially when you know what kind of cover you need. However, it does get more complex when it comes to your business. Getting the right cover for your business needs When faced with the commercial insurance industry’s standard policy wording, you will find that you are able to cover one item for many types of losses several times...

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05 May 2015

Are Your Goods in Transit Insured?

Published on: 30 March 2015
Are Your Goods in Transit Insured?

Moving goods from point A to point B can sometimes be a risky task, especially considering all the possible hurdles and dangers that can exist. However, you can protect your goods and any financial loss that may occur by taking precautionary measures and business insurance that covers goods in transit. Risks that face goods in transit Theft of the vehicle: According to research by Business against...

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30 March 2015

Are your vehicles insured for the correct value?

Published on: 05 March 2015
Are your vehicles insured for the correct value?

Determining the correct value of your vehicle is not a difficult task. If, however, your vehicle is not correctly insured, the impact on the client can be detrimental - leading to payments on claims that do not equal the value of the vehicle. This can be specifically problematic in the case of commercial vehicles. The value of a vehicle is mostly determined by utilising the TransUnion Auto Dealers’...

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05 March 2015