Standard Bank Plc has announced the launch of BizSure, a new insurance to protect small and medium enterprises (SMEs) from general risks.

The bank’s Head of Personal and Business Banking Phillip Madinga made the announcement, outlining that BizSure will help entrepreneurs safeguard their dreams and ambitions in the face of uncertainty as they contribute to a sector that is critical in the country’s economic growth and development.

According to Madinga, BizSure is a coupon-based insurance aimed at providing simple insurance solution to the needs of small and medium sized business customers by providing them with one single policy covering various risks typically faced in their day to day business operations for as little as MK9,900 per month for up to MK4 million cover.

The development follows after SMEs expressed worry over lack of support from government and individuals towards the growth of their enterprises. Risks covered by BizSure include; Fire, Stock, Burglary, Money, Fidelity Guarantee, Liability policies, Goods in Transit, and All risks cover for Phones and Laptops.