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Insurance for Architects, Lawyers, Accountants & Engineers


At Budget, we understand that life is getting more expensive day by day. And we know that some costs are just too risky to cut out completely. That’s why we’ve carefully designed our Professional Business Insurance to cater to the needs of your business, however unique they may be, at an affordable rate.

We’re here for all kinds of businesses, big and small, with specially designed affordable cover for businesses within any industry in South Africa. Get an affordable Professional Business Insurance quote from Budget today and protect the business that you’ve worked so hard to build up.



Professional Business Insurance

What is Business Insurance?

As a business owner, there are loads of different risks that your business could be exposed to. These could include, but aren’t limited to, damage to your property, a professional mistake (such as giving the wrong advice), or simply being the victim of theft. 

Business Insurance is a way to protect your business, and the parties that it interacts with, from the financial loss that generally occurs as a result of these risks. From costly damages to expensive legal fees, these unexpected costs can be financially crippling for your business.


What is Professional Business Insurance?


At Budget, we offer different types of insurance depending on what your business is and what cover it needs. Professional Business Insurance is geared towards business owners such as architects, lawyers, accountants and engineers – businesses that may face a similar set of unique risks. The type of cover provided includes a variety of risks that you could encounter on a daily basis. These could be accounts receivable compensation should your financial records be destroyed or lost; theft of goods from your business; public liability; or fire damage to your machinery, equipment and tools. 


Who needs Business Insurance?


All businesses are different and so, not surprisingly, they have different insurance needs. For example, a shop that has customers coming and going would not need the same protection as a physio, nor would a mechanic need the same cover that a lawyer would. However, the important thing to keep in mind is that accidents can happen in any kind of workspace and they can happen in the blink of an eye. Having insurance is your security that should this happen to your business, you’d easily be able to recover from it and get back to business as soon as possible.


What does Professional Business Insurance cover specifically?


At Budget, we understand that professional business owners like architects, lawyers, accountants, and engineers face unique risks, which is why we offer specialised Professional Business Insurance. We cover you for a range of risks that you might face on a daily basis such as accounts receivable compensation if your financial records are lost or destroyed, fire damage to your machinery, tools, and equipment, theft of your business goods, and public liability. You’ve worked hard to get to where you are and deserve to have an insurance partner that understands your needs, backing you up when you need it most.


What does Business Insurance cover?


At Budget, we provide the right combinations of our traditional policy sections to ensure that your business is comprehensively looked after. 

Then, depending on your business and its needs, Business Insurance includes:

  • Motor Cover

Cover for your business’ vehicles against damage, loss, theft and liability to third parties or their property should you be held legally responsible. 

  • Fire Cover

For damage to your buildings, machinery, tools, equipment and all other contents, fixtures and fittings, stock and materials, and miscellaneous items.

  • Business Interruption

Cover for loss of income and/or profits due to loss or damage to your business property.

  • Buildings Combined

Cover for the permanent structure of your business due to loss or damage.

  • Office Contents

Cover for the office furniture that you keep on your business premises.

  • Accounts Receivable 

Compensation should you not be able to trace amounts owed to you because your financial records were lost or destroyed.

  • Theft Cover 

For loss or damage of your business goods that are kept on your business premises due to theft /attempted theft.

  • Money Cover

For the loss or damage to your cash, cheques or your safe.

  • Fidelity Guarantee

Cover for losses due to fraudulent acts committed by employees.

  • Glass Cover

For the fixed glass at your business premises.

  • Electronic Equipment Cover

For any electronic equipment that processes data and licensed software used for business purposes kept at the premises.

  • Business All Risk Cover

For your business items that are regularly taken away from your business premises.

  • Goods In Transit Cover

For business goods or goods that you are responsible for when they are being transported.

  • Accidental Damage 

Cover for your business goods or goods you are responsible for at your business premises against accidental loss or damage which are not excluded on your policy.

  • Machinery Breakdown 

Cover against sudden and unforeseen physical damage to any machinery or part thereof occurring at your business premises. 

  • Machinery Breakdown Business Interruption 

Covers you for any loss of income as a result of sudden and unforeseen physical damage to any machinery described in the machinery breakdown section of your policy, if it occurred at your business premises. 

  • Deterioration of Stock 

Cover following the breakdown of machinery that is insured under your machinery breakdown section of this policy.

  • Motor Traders Cover – for vehicles not owned by you 

Cover for vehicles not owned by you, but in your possession for business purposes, whether on your business premises or elsewhere. 

  • Motor Traders Cover - for vehicles owned by you

Cover for vehicles owned by you for the purpose of sale, demonstration, test driving or temporary use by your customers. 

  • Public Liability 

Cover should you be held legally responsible for injuries or death of a third party, or damage to their property, except when this relates

  • to a vehicle accident. You can extend the cover to include defective workmanship and products liability cover.

  • Employers liability provides cover if an employee holds you legally responsible for accidental death, injuries or illness suffered while carrying out his/her duties of employment except in the event of a vehicle accident. 

  • Group Personal Accident Cover

Provides cover for an insured principal, business partner, director or employee, referred to as the insured, of the insured business becomes permanently disabled, incurs non-medical expenses or dies as a result of an accident.


What other types of Business Insurance does Budget offer?


We want to provide your business with the cover it needs to ensure that you have peace of mind, no matter the circumstances. Professional Business Insurance is typically for businesses such as law firms, architects, accountants and engineers. 

If it doesn’t seem to be the right fit for you or your business, then perhaps one of these categories is a better fit for you. 


Tradesman Business Insurance  


This is the perfect type of insurance for someone who’s out on the road all the time. Examples of tradesmen are plumbers, electricians, painters and handymen, amongst others.


Medical Business Insurance


Medical professionals such as doctors, dentists, psychiatrists and veterinary surgeons could require cover for anything from valuable equipment to public liability.   


General Business Insurance


Ideal for retailers, florists, hair and beauty salons, coffee shops, funeral parlours, and bookstores, General Business Insurance provides a wide range of cover for numerous eventualities. 


Guesthouse and Bed & Breakfast Business Insurance


For guesthouses and B&B’s, having people staying on your property opens up a whole new array of risks.


Biz Assist benefits


At Budget, we like to go the extra mile when it comes to providing you with the best cover at the most affordable prices. Which is why our Biz Assist benefits are included in all policies (except Specialist Liability policies), at no additional cost. This benefit provides 24/7 online and telephonic support, offering you advice on how to grow your business and even giving you access to special discounts ranging from stationery to car hire. 


Professional Business Insurance quotes


You’ve got nothing to lose by getting an affordable Professional Business Insurance quote from Budget! Call us on 0861 08 88 90 or leave your details and we’ll get back to you with a quote that suits your business and fits your budget.


Affordable, ‘cos you can’t afford not to!