Page 70 - Agriculture Policy Wording Binder

1. Specified suppliers/sub-contractors
The premises of the direct suppliers and sub-contractors specified in the Schedule subject to stated limits; PROVIDED THAT:
the Company shall not be liable to pay more than 25% (twenty five percent) of the gross profit amount towards any specified supplier/sub-contractor unless stated otherwise in the Schedule for each and every claim.
2. Specified customers
The premises of the direct customers specified in the Schedule subject to stated limits; PROVIDED THAT:
the Company shall not be liable to pay more than 25% (twenty five percent) of the gross profit amount towards any specified customer unless stated otherwise in the Schedule for each and every claim.
3. Unspecified suppliers
The premises of any other of the Insured's direct suppliers, manufacturers or processors of components, goods or materials, but excluding the premises of any public supply undertaking from which the Insured obtains electricity, gas or water subject to the limit stated in the Schedule;
PROVIDED THAT:
the Company shall not be liable to pay more than 10% (ten percent) of the gross profit amount towards any unspecified supplier unless stated otherwise in the Schedule for each and every claim.
4. Public utilities – insured perils only
Property at electricity generating stations, sub-stations or transmission networks, gasworks including the related gas distribution network, water purification plants, pumping stations, aqueducts and pipelines of an authority empowered by law to supply water, gas or electricity for consumption by the public and which results in an interruption of water, gas or electricity to the premises of the Insured;
PROVIDED THAT:
the Company will not be liable to pay more than 75% (seventy five percent) of the gross profit, gross rentals or revenue sum insured for each and every event or R20 000 000 (twenty million rand), whichever is the lesser.
5. Public telecommunications – insured perils only
5.1 property at the premises of any public authority which is empowered by law to supply a telecommunications facility to the Insured;
5.2 the transmission facilities network for the public authority mentioned in 4.7.1;
PROVIDED THAT:
the Company will not be liable to pay more than 75% (seventy five percent) of the gross profit, gross rentals or revenue sum insured for each and every event or R20 000 000 (twenty million rand), whichever is the lesser.
Theft by forcible entry
The following Defined Event is added:
Theft accompanied by forcible and violent entry into or exit from the premises in respect of which payment has been made or liability admitted under the Theft Section of this Policy or any attempt thereat or as a result of theft (or any attempt thereat) following violence or threat of violence;
PROVIDED THAT:
1. the Company will not be liable under this Extension for theft or attempted theft by any principal, partner, director or employee of the Insured;
2. the Company shall not pay more than the sum insured stated in the Schedule for the Theft Section for both this Section and the Theft Section combined.
Business Interruption
Page | 68 Policy Wording – Agriculture – Binder – Version 2 2023