Business insurance · South Africa · Head-to-head
Old Mutual iWYZE Business vs MiWay Business
Two South Africa business insurance options, compared side by side for South Africa trades.
Which should you choose?
Old Mutual iWYZE Business and MiWay 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.
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.
MiWay Business
Tier A · ListedDirect insurer quoting SME business cover online or by phone, including all-risk and broadform liability
MiWay Insurance Limited is a South African non-life insurer and authorised FSP (33970) that sells through its own full-time sales advisers. Its business insurance covers property, business interruption, vehicles, all-risk items taken away from the business address (with worldwide cover) and broadform liability that lists public, product, employers' and defective workmanship liability. MiWay publishes no standard price and quotes each business online or by phone.
Pros
- + Quote online, by call-back or on 0860 64 64 64
- + All-risk cover for items taken away from the business address, with worldwide cover
- + Broadform liability includes defective workmanship and employers' liability
- + Business pages cater for home-based and one-person businesses
Cons
- − No standard prices; every business is quoted
- − No trade-specific product for tradespeople on the business pages
- − Sold by MiWay's own advisers, so no independent broker compares insurers for you
- − Liability limits are not published on the website
South Africa note
MiWay's broadform liability extends to premises other than the business address while you are doing work-related activities. Claims can be lodged by phone, online or in the MiWay app within 30 days of the event, according to its FAIS disclosure notice.
More South Africa options
See all South Africa business insurance vendors and the rest of the South Africa directory.