05 Apr 2022

Legal guard has introduced a new solution for Small Medium Micro Enterprises (SMMEs), dubbed Kgwebo Guard.

Legal Guard Managing Director, Mr Kgomotso Ratlhaga said due to rising costs over the years, SMMEs had a challenge when it came to dealing with legal matters, hence the introduction of the legal policy.

He said Kgwebo Guard offered insurance cover for SMMEs on various legal matters such as general legal advice, civil matters, advice on statutory and regulatory matters as well as labour matters.

“The amount of loss in terms of assets and infrastructure suffered by SMMEs is disturbing, yet insurance providers are not eager to ensure SMMEs and prefer to deal with larger organisations,” he said.Mr Ratlhaga said Legal Guard had previously done research on the relationship between insurance companies and SMMEs, whose findings led to the development of the policy.

He revealed that SMMEs had started expressing interest in this new policy.

He said the company found it fit to extend this kind of cover to SMMEs because they operated in an increasingly complex business environment, which was attributable to the rise in the volume of legislation and regulations.

He said due to these dynamics, unaffordable legal fees ended up undermining the stability and sustainability of these businesses and their owners’ personal being. 

Mr Ratlhaga urged industry players to make space and protect SMMEs because they played a pivotal role in the country’s economy, as well as bringing growth and innovation in local communities.

He said the policy was expected to ease operations for SMMEs, especially when faced with legal battles and challenges.

He said Legal Guard had taken a key interest in ensuring that business owners, especially small businesses, were equipped with all the legal knowledge they needed in operating their respective businesses. ENDS