Page 46 - Hollard Business Branch Policy Wording

O ce Contents
5. SUB-SECTION E – INCREASE IN COST OF WORKING DEFINED EVENTS
Any addi onal expenditure not otherwise provided for in this Sec on reasonably incurred by the Insured for the purposes of maintaining the normal opera on of the business in consequence of loss or damage in respect of which payment, reinstatement or repair has been made or liability therefore admi ed by the Company under Sub-Sec on A or C.
The Company will not be liable to pay more than 25% (twenty ve percent) of the sum insured in terms of Sub-Sec on A.
CLAUSES AND EXTENSIONS Burglar alarm warranty
It is a condi on precedent to the liability of the Company that a burglar alarm system will be installed in all premises stated in the Schedule and warranted that:
1. the burglar alarm installed in the premises shall be fully ac vated whenever the premises is/are not open for normal business unless any principal, partner, director or employee is in the premises;
2. the insurance shall not cover loss of or damage to property following the use of keys, the keypad code or remote control of the burglar alarm or any duplicate thereof belonging to the Insured unless such keys, keypad code or remote control were obtained by the .
Unless speci cally stated to the contrary, all premises shall be protected by such alarm and it is further warranted that:
1. the contract for any burglar alarm services shall include services of a 24-hour armed response unit;
2. the control panel shall have an event log and the arming and disarming of the alarm shall be logged and a er the occurrence of a claim the Company will be en tled to request full informa on of the relevant log;
3. such alarm will be maintained in proper working order but the Insured shall be deemed to have discharged their liability if they have maintained their obliga ons under a maintenance contract with the installa on/service company of the alarm system;
PROVIDED THAT:
cover will con nue to be applicable whilst the alarm system is not opera ve due to a failure of the public supply of electricity at the terminal ends of the supply authority's service feeders and that such failure is not due to any act or omission of the Insured.
Altera ons and misdescrip on
The insurance under this Sec on shall not be prejudiced by any altera on or misdescrip on of occupancy whether due to the transfer of processes or machinery or by virtue of structural altera ons, repairs to buildings, machinery or plant;
PROVIDED THAT:
no ce is given to the Company as soon as prac cable a er such event and the Insured agrees to pay addi onal premium if required.
Capital addi ons
The insurance under this Sec on covers altera ons, addi ons and improvements (but not apprecia on in value in excess of the sums Insured) to the property for an amount not exceeding 20% (twenty percent) of the sum insured thereon, it being understood that the Insured undertakes to advise the Company at the end of each period of insurance of such altera ons, addi ons and improvements and to pay the appropriate addi onal premium thereon.
New and addi onal premises
If the Insured occupies o ces or consul ng rooms other than those situated as stated in the Schedule in the Republic of South Africa, Namibia, Botswana, Lesotho, Swaziland, Zimbabwe, Zambia, Malawi and Mozambique, the insurance by this Sec on shall apply as though such o ces or consul ng rooms were o ce premises within the meaning of this Sec on;
Hollard Business Policy – Branch – Version 1 2018 Page | 45