In a large pot, heat the olive oil and add the sliced sausage and fry for a couple minutes.
Add onion and garlic and cook for another 3 to 5 minutes until the onion is translucent.
Add red pepper and continue cooking for a couple more minutes.
Rinse the beans and add them to the pot along with the tomato sauce and water. Add the spices, and hot sauce and stir. Bring to a boil, reduce heat, cover and cook for 20 to 30 minutes.
A couple minutes before removing the pot off the heat, add the chopped dill and parsley.