OUTsurance Business Insurance

Who is OUTsurance? 

OUTsurance is a leading insurance provider in South Africa, known for pioneering the concept of cashback rewards for staying claim-free. Since 1998, OUTsurance has been helping consumers save hundreds of millions of rands in premiums by offering cash bonuses for claim-free periods.  

The company is renowned for its innovative, value-for-money products, exceptional service, and the impressive payout of over R1 million daily in OUTbonuses. Their insurance offerings include both personal and commercial plans, which can be customized to meet the specific needs of businesses of all sizes across South Africa. With OUTsurance, your business is protected by risk-based coverage and supported by dedicated brokers who understand the unique challenges you face. 

How Does OUTsurance Business Insurance Work? 

OUTsurance Business Insurance is designed to be fully customizable to meet your business’s unique needs. You agree to pay a fixed monthly premium, and in return, OUTsurance provides comprehensive coverage as outlined in your policy. Should an insured event occur, you can claim financial coverage based on your selected policy options. 

OUTsurance offers specialized insurance solutions that can be tailored to your specific business alongside their extensive range of business insurance products. With a “general” business insurance policy, you can build your coverage like a portfolio, selecting from various options such as buildings insurance, stock insurance, glass insurance, money insurance, and more. You also have the option to choose from Business Motor, General Liability, and Industry-Specific cover. 

If your business is particularly complex, you may qualify for a dedicated Business OUTsurance Broker. This insurance expert will be your ongoing, single point of contact, helping you navigate your unique insurance needs and craft a custom solution that’s right for you. 

Types of Cover for Any Business with OUTsurance 

Your business’s success hinges on the seamless collaboration of various elements. When one part falters, your entire operation can be disrupted. OUTsurance Business Insurance offers peace of mind by providing customized plans that protect your business from a wide range of risks. 

OUTsurance Business Insurance offers four main categories of cover: Business Motor, General Business, Industry-Specific Business, and Business Liability cover. Each category allows you to choose the specific elements that will form part of your policy, ensuring that you receive the protection that best suits your business needs. Below is an overview of each category. 

General Business Insurance: Comprehensive Coverage for Every Aspect of Your Business 

OUTsurance understands that every aspect of your business needs to work together smoothly to ensure success. Any disruption can have lasting effects, which is why their general business insurance covers every part of your operation. Whether you need protection for your buildings, stock, or even the money you handle, OUTsurance has you covered. Let’s explore some of the general business cover options available. 

• Buildings Insurance 

If your business owns the premises, it’s essential to protect the physical structure, fixtures, and fittings. OUTsurance offers standard cover against fire, water, explosion, and impact damage, as well as weather-related damage from lightning, storms, wind, hail, and snow. Optional cover can be added for accidental damage, subsidence, landslip, malicious damage, and power surges. 

• Stock Insurance 

Protecting the goods you store and sell, along with the ingredients you need for production, is crucial. OUTsurance provides standard cover against fire, water, explosion, and impact damage, along with weather-related damage. Optional coverage can include deterioration of stock, loss or damage to rented stock, accidental damage, subsidence, landslip, malicious damage, and power surges. 

• Business All Risk Insurance 

For businesses with items that are taken or used outside the office, OUTsurance offers worldwide cover for items such as laptops, cell phones, and specialized equipment. Standard cover includes protection against loss, theft, and damage. 

• Business Interruption Insurance 

Damage to your business property is one thing, but the inability to operate due to such damage can be even more costly. OUTsurance’s business interruption insurance helps recover lost gross revenue, profit, and rental income, as well as increased operational costs during downtime. Standard cover includes protection against financial loss when business is interrupted due to damage at your premises. Optional cover can extend to include interruptions caused by damage to your suppliers or customers’ premises. 

• Public Liability Insurance 

OUTsurance’s Public Liability insurance protects businesses from financial losses if they are held responsible for injuries or property damage. It covers legal fees, medical expenses, and compensation claims, ensuring businesses are protected against costly accidents or incidents. 

• Goods In Transit Insurance 

OUTsurance’s Goods In Transit insurance safeguards your business’s products during transportation. Whether by road, rail, air, or sea, it covers losses or damages, providing peace of mind that your goods are protected against accidents, theft, or other unexpected events. 

• Vehicle Insurance  

OUTsurance’s Vehicle insurance covers company vehicles against accidents, theft, or vandalism. It ensures your business can manage repair or replacement costs, helping maintain smooth operations without unexpected vehicle-related expenses. 

• Electronic Equipment Insurance 

Whether your business uses laptops, tablets, or specialized electronic devices, OUTsurance ensures they are protected against theft, loss, fire, water, explosion, accidental, malicious, and weather-related damage, including power surges. 

• Fidelity Insurance 

People can be unpredictable, so OUTsurance offers fidelity insurance to cover your business against losses caused by employee dishonesty or fraud. 

• Personal Accident Insurance 

Your business wouldn’t function without its people. OUTsurance’s personal accident insurance covers all employees, providing financial compensation in the event of death or bodily injuries resulting from accidents. 

Why Choose OUTsurance Business Insurance? 

• Tailored Solutions 

OUTsurance offers specialist insurance plans that are specifically matched to your unique business needs. 

• True Value 

OUTsurance provides a unique premium based on your business’s risk factors, ensuring you don’t subsidize higher-risk clients. 

• Low, Flat Excess 

• With OUTsurance, you pay one fixed excess amount, even if you claim for multiple risks in a single incident—no surprises to disrupt your cash flow. 

• OUTbonus (Standard Feature) 

After three claim-free years, you receive 10% of your total premiums back in cash, boosting your bottom line. 

• Emergency Assistance 

Enjoy 24/7 Help@OUT office and roadside assistance, giving you peace of mind around the clock.