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When Covid-19 hit, many businesses had to move staff out of their offices and implement work from home strategies. While this safety precaution was necessary, prolonged periods of ‘empty offices’ come with some unintended consequences, especially where one’s insurance is concerned. Right now, every business owner needs to be a risk manager – prevention is always better than the cure.
Businesses in South Africa experienced major losses in July from physical damage, business interruption, and loss of revenue, looting, vandalism caused by civil commotion, protests and riots which resulted in about $3.4 billion in lost output and placed 150,000 jobs at risk.
During the month of September, many homeowners flock outdoors to enjoy the start of Spring; this may even result in a purchase of a plant or two for one’s garden. But if you are super rich, your love for the outdoors may culminate into spend of anything between R500 000 and R1 million on a single tree for your property.
The art and collectables industry has undergone somewhat of an evolution amidst the ongoing COVID-19 pandemic, with the industry taking the viewing and purchasing of artwork onto digital platforms. This has also opened the market from a global perspective, allowing art enthusiasts from anywhere in the world to participate in the growing art craze.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?