Use OTT Voucher to Insure with Shopcover
Any small business owner knows that getting business insurance is one of the most important steps in ensuring that all your hard work is protected. Without business insurance, you won’t be covered for unforeseen events that might cause costly damage to your business or stock.
For millions of South African business owners, getting business insurance was a costly and complicated task. Most insurers require you to have a bank account and a certain minimum amount to qualify for the cover that you need.
This is not the case with Shopcover, which provides extensive coverage for your business without the need for a bank account. You can get the cover you need using OTT Voucher, and you can pay for your insurance with cash.
More than 2 million South Africans rely on OTT Voucher to transact digitally while still using cash. OTT Voucher has several partnerships that help cash customers access a range of services. Shopcover is one of these partnerships.
Here, we show you how Shopcover works and all the great and how to use OTT Voucher to get business insurance with Shopcover.
How does Shopcover protect my business?
Shopcover provides monthly insurance coverage to safeguard you, your company, and your merchandise from unforeseen circumstances that could result in a financial loss. Shopcover protects you in several different ways:
Civil Commotion
These are crazy times we’re living in. With Shopcover, you are covered up to R1 million annually if your store or shop is looted during any civil commotion event. SASRIA provides the cover.
Theft
Theft is a problem that plagues many small businesses today, making it difficult to grow. With Shopcover, your stock’s valuation, which you choose, will influence the monthly premium you must pay. Your insurance can range from R20,000 to as much as R250,000.
Public liability
We understand – sometimes things go wrong. With Shopcover, you are protected against 3rd party claims for up to R250 000.00
Building damage
Your shop or outlet is the face of your business and the place where you make the magic happen. Damage to your business building can be a serious setback that could take a long time to recover from. Luckily with Shopcover your building will be protected against damage and fire.
Xenophobia attacks
With Shopcover, your business will be shielded from devastating xenophobic attacks of up to R1 million annually. Your premium includes this coverage, which is given by SASRIA. This same coverage is offered for terrorist attacks.
Medical emergency evacuation
You and your staff are the backbone of your business.With Shopcover, when a medical emergency arises, you can phone the emergency number. An ambulance will be sent to transport the patient to the closest hospital, where the patient will be stabilised. Your premium automatically includes this service.
How to get Shopcover with OTT Voucher
With OTT 4 Me, you can get vital business insurance from Shopcover even if you don’t have a bank account. You can simply use an OTT Voucher to pay your monthly premium. You can also get your claim paid to you using the Payment Voucher System. Here’s how:
Get your claim through OTT Collect
You don’t need a bank account to receive your claim from Shopcover. You can simply get the claim in cash using the OTT Collect system.
Once your claim has been issued, Shopcover will send you the value using an OTT Voucher. You will receive a unique 12-digit voucher PIN via SMS or email. All you need to do is go to the nearest point that partners with OTT 4 Me (this could be local spazas, or big-name brands like Makro and Game). Using the OTT Voucher PIN, you will receive your claim in cash.
You might also be interested in our other resources:
Use OTT Voucher to Invest Online with LAYAWAY
Use OTT Voucher to Transact Digitally with EASYinvest
Use OTT Voucher to Pay Bills with Xash
Use OTT Voucher to Transact Digitally with 6Dot50
Frequently Asked Questions
What types of businesses qualify for insurance from Shopcover?
Shopcover covers a range of businesses, including the following:
- Hair and Beauty Shops
- Airtime Resellers
- Clothing Retailers
- General Dealers
- Barbershops
- Cell phone and electronic repair shops
- Spaza Shops
- Fruit and Vegetable Vendors
- Shebeens, Kitchens and Restaurants
- Fast Food Outlets
What is a premium?
This is a recurring payment to SANTAM to protect your assets from loss.You won’t be able to make a loss claim to SANTAM if you don’t pay your premium.
Can I cover my premiums with cash at Shopcover?
Yes, you can pay your monthly Shopcover premiums using cash with OTT Voucher. Simply purchase an OTT Voucher from one of the 150, 000 local resellers around South Africa.Use the unique 12-digit PIN to make the deposit into your Shopcover account.
Why do I need business insurance?
Business insurance is the most important investment that you can make forthe future of your business. Things can go wrong, and in the event of unforeseen disasters, you could incur huge financial losses that will be difficult to recover from.
Shopcover protects you and your business from a range of events and ensures that your business can continue to grow in even the most difficult of times.
How does Shopcover protect me and my business?
Shopcover covers your business in the following ways:
- Civil commotion
- Theft
- Public liability
- Building damage
- Xenophobia attacks
- Medical emergencies
Shopcover also covers you or your staff members for access to trauma counselling. In the case of a traumatic event,you will have access to professionally trained counsellors 24 hours a day, 365 days a year.
Can I pay my staff with OTT Collect?
Yes, OTT Collect is a convenient way to make payments without the need for a bank account. If either you or your employees prefer to pay or be paid with cash, you can do this easily and securely with OTT Collect.
Using the OTT 4 Me Payment System, your employees can collect their pay from any of the nearest stores that support OTT Voucher. There are more than 150,000 stores in South Africa. You or your staff can collect the money in cash directly from the store without ever having to set foot in a bank or wait in long queues at the ATM.