Business insurance · South Africa
Old Mutual iWYZE Business
Direct insurance brand underwritten by Old Mutual Insure, with SME business cover of up to R30 million
Market position
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.
South Africa-specific 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.
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
- + Legal cover sold alongside business insurance
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
Typical South Africa pricing
Quote-based; no public prices (quote started online and completed with an iWYZE consultant)
Why this matters for South Africa trades
Under the Electrical Installation Regulations, 2009, electrical contractors must register with the Department of Employment and Labour, and only registered persons may issue the electrical Certificate of Compliance. Regulation 17 of the Pressure Equipment Regulations bars anyone who is not a registered authorised person (registered through SAQCC Gas) from installing or removing gas appliances and systems. Under PIRB’s rules, only PIRB Licensed Plumbers can issue its plumbing CoC, which is needed for most plumbing work above R1,500 and for electric, solar and heat pump water heating at any cost. Contractors must be cidb-registered to carry out public sector contracts awarded by tender or quotation, and each grade sets a maximum contract value; the NHBRC says anyone in the business of building homes must be registered with it; and under the Construction Regulations, 2014, clients and principal contractors must confirm COIDA good standing before work starts.
South African trades vendor selection is shaped by certificates issued on each job (electrical Certificates of Compliance from registered persons under the Department of Employment and Labour, SAQCC Gas certificates of conformity, PIRB plumbing CoCs), cidb registration and grading (1-9) for public sector contracts, NHBRC registration for home builders, SARS payroll and VAT obligations (15% VAT, the monthly EMP201 and EMP501 reconciliations, with mandatory e-invoicing proposed from 2030 in a SARS consultation paper of August 2026), and the COIDA Letter of Good Standing checked before site work.
Frequently asked
Is Old Mutual iWYZE Business a good fit for South Africa trades?
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. 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.
What does Old Mutual iWYZE Business cost in South Africa?
Quote-based; no public prices (quote started online and completed with an iWYZE consultant). Pricing and availability can change by region; confirm current South Africa pricing on the vendor's site before committing.