Page 57 - Hollard Business Branch Policy Wording

Business Interrup on
4. Extensions to other premises – con ned to the Republic of South Africa, Namibia, Botswana, Lesotho, Swaziland, Zimbabwe, Zambia, Malawi and Mozambique.
Loss as insured by this Sec on resul ng from interrup on of or interference with the business in consequence of damage (as de ned herein) shall be deemed to be loss resul ng from damage to property used by the Insured at the premises.
4.1 Speci ed suppliers/sub-contractors
The premises of the direct suppliers and sub-contractors speci ed in the Schedule subject to stated limits;
PROVIDED THAT:
the Company shall not be liable to pay more than 25% (twenty ve percent) of the gross pro t amount towards any speci ed supplier/sub-contractor unless stated otherwise in the Schedule for each and every claim.
4.2 Speci ed customers
The premises of the direct customers speci ed in the Schedule subject to stated limits; PROVIDED THAT:
the Company shall not be liable to pay more than 25% (twenty ve percent) of the gross pro t amount towards any speci ed customer unless stated otherwise in the Schedule for each and every claim.
4.3 Unspeci ed 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 pro t amount towards any unspeci ed supplier unless stated otherwise in the Schedule for each and every claim.
4.4 Preven on of access – extended cover
Property within a 25 km (twenty ve kilometer) radius of the premises, destruc on of or damage to which shall prevent or hinder the use of the premises or access thereto, whether the premises or property of the Insured therein shall be damaged or not;
PROVIDED THAT:
the Company will not be liable to pay more than 75% (seventy ve percent) of the gross pro t, gross rentals or revenue sum insured for each and every event not exceeding R20 000 000 (twenty million Rand).
4.5 Public u li es – insured perils only
Property at electricity genera ng sta ons, sub-sta ons or transmission networks, gasworks including the related gas distribu on network, water puri ca on plants, pumping sta ons, aqueducts and pipelines of an authority empowered by law to supply water, gas or electricity for consump on by the public and which results in an interrup on 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 ve percent) of the gross pro t, gross rentals or revenue sum insured for each and every event not exceeding R20 000 000 (twenty million Rand).
4.6 Public u li es – extended cover
Loss as insured resul ng from interrup on of or interference with the business in consequence of total or par al failure of the public supply of water, gas or electricity to the premises of the Insured shall be deemed to have resulted from damage (as de ned herein);
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Hollard Business Policy – Branch – Version 1 2018