3 June 2026 – Members of the Retail Motor Industry (RMI) recently gathered for an insightful and highly informative presentation delivered by Lisa Swart of GVC Brokers. Despite the chilly Western Cape weather, the event was exceptionally well attended at the RMI Western Cape offices, demonstrating the industry’s commitment to staying informed and ensuring their businesses remain protected in an increasingly complex operating environment.
The presentation focused on the business fundamentals of insurance within the automotive industry, a topic that is often overlooked until a claim arises. Lisa provided attendees with a comprehensive overview of the various insurance considerations that workshop owners, dealerships, service centres, and other motor industry businesses need to be aware of. Her practical approach and extensive industry knowledge enabled members to gain a clearer understanding of how insurance policies work and, more importantly, whether their current cover adequately protects their businesses.
One of the key takeaways from the session was the importance of ensuring that insurance policies are regularly reviewed and updated to reflect the current needs and circumstances of a business. As businesses grow, acquire new equipment, expand their premises, or diversify their services, insurance requirements can change significantly. Failing to update policies accordingly can leave businesses underinsured and vulnerable to substantial financial losses when disaster strikes.
The timing of the presentation could not have been more relevant. The Western Cape has recently experienced severe weather events, with some describing the storms that affected Cape Town as the worst seen in a century. These extreme conditions resulted in widespread damage to properties, equipment, and vehicles, leading to a significant increase in insurance claims across various sectors.
Unfortunately, not all businesses emerged from these events unscathed. In several instances, business owners discovered too late that their insurance cover was insufficient or not appropriately structured for their specific operations. The financial consequences of being underinsured can be devastating, often leaving business owners responsible for significant costs that could otherwise have been covered by a properly maintained insurance policy.
Lisa highlighted real-world examples and explained how seemingly minor oversights can have major implications when a claim is submitted. She stressed that insurance should not be viewed merely as a compliance requirement or an annual expense but rather as a critical component of a company’s overall risk management strategy. Having the correct cover in place provides business owners with peace of mind and enables them to focus on running and growing their businesses with confidence.
Following the presentation, members had the opportunity to participate in an engaging Q&A session. This proved to be one of the most valuable aspects of the event, as attendees were able to discuss their individual circumstances and gain personalised insights into their insurance concerns. Lisa was generous with her time and expertise, carefully addressing each question and helping business owners better understand the unique risks associated with their operations.
The positive feedback received after the event reflected the value of the information shared. Many members left with a greater appreciation of the role that insurance plays in protecting their livelihoods and ensuring business continuity during unexpected events.
Whether operating within the motor trade or any other industry, adequate insurance remains one of the cornerstones of a successful and sustainable business. As recent events have demonstrated, unforeseen circumstances can occur at any time, making it essential for business owners to regularly review their policies and ensure that their coverage remains aligned with their current needs.
With the guidance and expertise of professionals such as Lisa Swart and the team at GVC Brokers, businesses can take proactive steps to safeguard their future and ensure they are adequately protected when it matters most.