Business insurance · South Africa · Head-to-head
Old Mutual iWYZE Business vs Santam
Two South Africa business insurance options, compared side by side for South Africa trades.
Which should you choose?
Old Mutual iWYZE Business and Santam 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.
Santam
Tier A · ListedSouth African insurer with Contractors' All Risks, plant and liability cover, mainly through intermediaries
Santam is a South African short-term insurer (authorised FSP 3416) that bought the Kandua home-services marketplace in May 2024. Its construction and engineering unit offers Contractors' All Risks (which now includes erection all risks), contractors' plant and equipment cover and advance loss of profits. Its business liability range includes broadform general liability, products and defective workmanship liability and employers' liability, arranged through intermediaries or by phone.
Pros
- + Contractors' All Risks for residential, commercial, industrial and infrastructure projects
- + Plant and equipment cover for mobile plant used across several sites
- + Liability range includes defective workmanship and employers' liability
- + SmartSME small business quotes can be started online
Cons
- − No published premiums; every cover is quoted
- − Construction and liability covers are arranged mainly through intermediaries
- − The SmartSME page does not mention trades or tools cover
South Africa note
Santam bought Kandua, the South African home-services marketplace also listed in this directory, in May 2024. Its Contractors' All Risks policy covers the works under construction and includes public liability, according to Santam's construction and engineering page.
More South Africa options
See all South Africa business insurance vendors and the rest of the South Africa directory.