Business insurance · South Africa · Head-to-head
King Price Business vs MiWay Business
Two South Africa business insurance options, compared side by side for South Africa trades.
Which should you choose?
King Price 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.
King Price Business
Tier A · ListedBroker-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
South Africa note
King Price says it works only through brokers who are qualified to advise on your risks, so a trades business needs a broker for a commercial quote. The site offers a broker finder and a call-back request.
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.