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