Page 89 - Policy Wording - Hollard Business Binder (2020-06-24)

Combined Liability (Claims-made Basis)
5.1 Rates – Commercial
5.1.1 Determine the rate according to limit of indemnity, limit number and turnover.
5.1.2 Apply the rate to annual turnover to determine annual premium due.
5.1.3 Should the Insured have multiple premises, charge a premium per premises.
5.1.4 A minimum turnover of R1 500 000 applies.
0.054 0.042 0.032
0.062 0.048 0.037
0.071 0.056 0.042
0.082 0.064 0.049
Refer to Hollard
0.055 0.045 0.034
0.063 0.052 0.039
0.073 0.060 0.045
0.084 0.068 0.052
Refer to Hollard
0.058 0.047 0.037
0.067 0.054 0.043
0.077 0.062 0.049
0.088 0.071 0.056
Refer to Hollard
0.063 0.053 0.042
0.072 0.061 0.048
0.083 0.070 0.056
0.096 0.081 0.064
Refer to Hollard
0.066 0.055 0.045
0.076 0.063 0.052
0.087 0.073 0.060
0.100 0.084 0.068
Refer to Hollard
0.026
0.030
0.034
0.040
0.029
0.033
0.038
0.044
0.032
0.037
0.042
0.049
0.036
0.041
0.048
0.055
0.040
0.046
0.053
0.061
Limit of Indemnity: Up to R2 500 000
Public Liability
Limit of Indemnity: R1 000 000
Limit Number
Turnover up to R50M
Turnover up to R100M
Turnover up to R250M
Turnover up to R500M
A
B
C
D
E
Limit Number
Turnover up to R50M
Turnover up to R100M
Turnover up to R250M
Turnover up to R500M
A
B
C
D
E
Limit of Indemnity: Up to R5 000 000
Limit Number
Turnover up to R50M
Turnover up to R100M
Turnover up to R250M
Turnover up to R500M
A
B
C
D
E
Limit of Indemnity: Up to R10 000 000
Limit Number
Turnover up to R50M
Turnover up to R100M
Turnover up to R250M
Turnover up to R500M
A
B
C
D
E
Limit of Indemnity: Up to R15 000 000
Limit Number
Turnover up to R50M
Turnover up to R100M
Turnover up to R250M
Turnover up to R500M
A
B
C
D
E
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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