Business insurance · South Africa
King Price Business
Broker-only commercial insurance, including contractors' all risks and plant all risks
Market position
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.
South Africa-specific 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.
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
Typical South Africa pricing
Quote-based through a broker; no public prices
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 King Price Business a good fit for South Africa trades?
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. 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.
What does King Price Business cost in South Africa?
Quote-based through a broker; no public prices. Pricing and availability can change by region; confirm current South Africa pricing on the vendor's site before committing.