Old Mutual iWYZE Business vs King Price Business

Direct 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

Broker-only commercial insurance, including contractors' all risks and plant all risks

King Price Insurance Company Ltd (FSP 43862) sells commercial insurance for small and medium-sized businesses only through qualified brokers. Its business range includes business all risks, office contents, motor, goods in transit and public and employers' liability. Its engineering range adds contractors' all risks, plant all risks, machinery breakdown and electronic equipment cover.

Pros

• + Contractors' all risks and plant all risks in its engineering range
• + Public and employers' liability available
• + Business all risks, goods in transit and theft cover among the options
• + A qualified broker advises on your cover

Cons

• − Sold only through brokers; no direct online purchase
• − No published premiums
• − The website does not detail all-risks or liability limits