Business insurance · South Africa · Head-to-head
King Price Business vs Santam
Two South Africa business insurance options, compared side by side for South Africa trades.
Which should you choose?
King Price 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.
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.
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.