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 closely matched (both Tier A) for South Africa business insurance. The right choice comes down to fit: weigh the pros, cons, pricing, and South Africa-specific notes for each against your trade and region.
Old Mutual iWYZE Business
Tier A · WorkableDirect SME cover that explicitly targets tradespeople
Old Mutual's direct insurer, whose business product explicitly names plumbers among its target customers — SME cover up to R30 million with 24/7 emergency assistance, bought direct.
Pros
- + Explicitly markets to trades (e.g. plumbers)
- + Cover up to R30M; 24/7 emergency assist
- + Old Mutual backing
- + Direct purchase, no broker
Cons
- − Less specialist than broker-placed construction cover
- − Quote-based pricing
- − Newer to business lines than Santam/Hollard
- − Standard SME wording — read exclusions
South Africa note
One of the few SA insurers whose marketing speaks directly to tradespeople rather than generic "SMEs" — a sensible direct quote to benchmark.
MiWay Business
Tier A · WorkableDirect SME insurance — tools cover & broadform liability
Sanlam-group direct insurer with SME products that fit trades: all-risk tools and equipment cover away from premises, broadform liability including defective workmanship, and business-interruption cover — bought online without a broker.
Pros
- + Direct online quotes — no broker needed
- + Tools/equipment cover away from premises
- + Defective-workmanship liability available
- + Sanlam group backing
Cons
- − Less construction-specialist than Santam
- − Direct model means self-serve decisions
- − Complex risks may still need a broker
- − Premiums vary widely by risk
South Africa note
Tool theft is a constant SA trades risk — the away-from-premises all-risk cover is the clause to check first.
More South Africa options
See all South Africa business insurance vendors and the rest of the South Africa directory.