Page 62 - Sectional Title Policy Wording

Public Liability (Occurrence Basis)
DEFINED EVENTS
All sums which You will become legally liable to pay, arising from any claim first made against You and notified to Hollard during the period of insurance, in respect of bodily injury or loss of, or damage to property, including costs and expenses, which arises in connection with Your business
PROVIDED THAT:
Hollard will not be liable to pay more than the limit of indemnity stated in the Schedule less the first amount payable for which You shall be liable to pay, subject to the Terms, Exceptions, Conditions and Endorsements of this Policy.
MEMORANDUM
This Section forms part of the Policy and to the extent of any inconsistency between the General Exceptions, Conditions and Provisions of the Policy and this Section, the General Exceptions, Conditions and Provisions of the Policy will prevail.
DEFENCE COSTS
Hollard will also pay:
1. all other costs, charges, expenses and legal costs recoverable from the Insured by a claimant or any number of claimants or incurred by the Company or incurred by the Insured with the Company’s prior written consent:
1.1 in the defence or settlement of any claim under this section of the Policy or any action or prosecution brought against You in respect of bodily injury or damage to property or other liability as insured in terms of this Section of the Policy;
1.2 in the representation at any inquest or accident inquiry in respect of bodily injury which may form the subject of indemnity under this Section of the Policy and/or in defending any proceedings in any court of first instance in respect of matters which may form the subject of indemnity under this Section of the Policy.
It is understood and agreed that the Defence Costs, as set out above and for which Hollard may agree to pay from time to time, will not be in addition to the limit of indemnity stated in the Schedule. Hollard’s total liability will not exceed the limit of indemnity.
WRONGFUL ARREST AND DEFAMATION
Hollard will also pay for costs:
1. resulting from wrongful arrest (including assault in connection with such wrongful arrest); and
2. in respect of defamation;
PROVIDED THAT:
Hollard will not be liable to pay more than R150 000 (one hundred and fifty thousand rand) per any one event or R250 000 (two hundred and fifty thousand rand) in the aggregate during any one period of insurance. Additional cover may be purchased in which case the limit stated in the Schedule will be over and above the automatic cover provided.
DEFINITIONS
For the purposes of determining the indemnity granted by this Section the following terms shall mean:
1. Insured, You or Your
1.1 1.2
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the first named party stated in the Schedule, hereinafter referred to as the Named Insured; at the request of the Named Insured:
1.2.1 any subsidiary company of the Named Insured declared to Hollard;
Sectional Title Insurance Policy Wording – Version 4 2023
PUBLIC LIABILITY (OCCURRENCE BASIS)