Business insurance · South Africa · Head-to-head
Hollard vs Old Mutual iWYZE Business
Two South Africa business insurance options, compared side by side for South Africa trades.
Which should you choose?
Hollard and Old Mutual iWYZE Business are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and South Africa-specific notes below against your trade and region.
Hollard
Tier A · ListedBroker-sold business insurance, including construction and engineering cover
Hollard is a privately owned South African insurance group. Its business pages cover liability insurance, commercial insurance and specialist-sector products, including construction and engineering insurance and trade and construction guarantees. Hollard says it works through brokers and advisers, and its business pages send buyers to a broker finder rather than an online quote.
Pros
- + Liability and commercial insurance for businesses from startups to large firms
- + Specialist construction and engineering cover
- + Trade and construction guarantees handled by a dedicated Hollard team
- + Broker and adviser finder on Hollard's site
Cons
- − Sold through brokers and advisers: no online quote on the business pages
- − No prices published
- − Product pages give little detail on what each policy covers
- − Cover details and wording come from your broker, not from the website
South Africa note
Hollard's construction and engineering page and its trade and construction guarantees page list named Hollard contacts, but cover is arranged through a broker or adviser. Contractors can ask their broker to include Hollard when quoting project cover or guarantees.
Old Mutual iWYZE Business
Tier A · ListedDirect insurance brand underwritten by Old Mutual Insure, with SME business cover of up to R30 million
iWYZE is a direct insurance brand underwritten by Old Mutual Insure Limited, and its site pitches business insurance at sole proprietors and established businesses 'like plumbers, caterers and any other self-ran businesses'. The business policy covers vehicles, buildings and office contents, with optional business all risks, public liability, employer's liability, business interruption, goods in transit and electronic equipment, up to R30 million in cover. Quotes start online and are completed with an iWYZE consultant.
Pros
- + Names plumbers among the businesses it targets
- + Up to R30 million in cover
- + Optional public liability, employer's liability and business all risks
- + 24/7 office and roadside emergency assistance
Cons
- − No published premiums; every business is quoted
- − Liability and all-risks cover are add-ons, not standard
- − Sold direct, so no broker compares insurers for you
South Africa note
SASRIA cover can be added to the iWYZE business policy, and iWYZE sells legal cover as a separate product. Its emergency line is 0860 93 94 93.
More South Africa options
See all South Africa business insurance vendors and the rest of the South Africa directory.