Page 67 - Hollard Business Branch Policy Wording

Money
3. arising from the use of keys to any safe or strong-room unless the keys:
3.1 are obtained by violence or threats of violence to any person;
3.2 are used by the key-holder or some other person with the collusion of the key-holder and the Insured can prove to the sa sfac on of the Company that the key-holder or such other person had used the keys to open the safe or strong-room;
4. in an unlocked safe or strong-room whilst the por on of the premises containing such safe or strong-room is una ended but this Excep on will not apply if it can be shown to the sa sfac on of the Company that the key- holder to the safe or strong-room deliberately le it unlocked with the inten on of allowing the money to be stolen;
5. not contained in a locked safe or strong-room whilst the por on of the premises containing such money is una ended but this Excep on will not apply if it can be shown to the sa sfac on of the Company that the person(s) responsible for the money deliberately le it outside the safe or strong-room with the inten on of allowing it to be stolen;
6. in any vehicle being used by the Insured unless a principal, partner, director or employee of the Insured is actually in such a vehicle or, if not in such vehicle, is within 5 m ( ve meters) of it in a posi on from which the vehicle is clearly visible. This Excep on shall not apply following an accident involving such vehicle rendering the said person incapacitated;
7. caused by incorrect Electronic fund transfers by or to the Insured;
8. caused by cyber crime.
Speci c Excep ons 3, 4, 5 and 6 will be covered up to R3 000 (three thousand Rand) and such losses shall not be reduced by any rst amount payable.
MEMORANDA (applicable to Sub-Sec on A)
1. Loss of or damage to money as insured under this Sec on arising from dishonesty of any principal, partner, director or person in the employ of the Insured shall be subject to a compulsory First Amount Payable of R5 000 ( ve thousand Rand) or any other amount stated in the Schedule, whichever is the greater.
2. The Company shall not be liable under this Sec on of the policy in respect of loss or damage arising from any event in respect of which a claim is payable, or would be payable but for any rst amount payable or co-insured clause under the delity sec on of the Policy or any other delity insurance.
OPTIONAL EXTENSION (applicable to Sub-Sec on A) Riot and strike
Subject otherwise to the Terms, Condi ons, Exclusions, Excep ons and Warran es contained therein, this Sec on is extended to cover damage directly occasioned by or through or in consequence of:
1. civil commo on, labour disturbances, riot, strike or lockout;
2. the act of any lawfully established authority in controlling, preven ng, suppressing or in any other way dealing with any occurrence referred to in 1. above;
PROVIDED THAT:
this Extension does not cover:
1. loss or damage occurring in the Republic of South Africa and Namibia;
2. consequen al or indirect loss or damage of any kind or descrip on whatsoever, other than loss of rent if speci cally insured;
3. loss or damage resul ng from total or par al cessa on of work, or the retarding or interrup on or cessa on of any process or opera on;
4. loss or damage occasioned by permanent or temporary dispossession resul ng from con sca on, commandeering or requisi on by any lawfully cons tuted authority;
5. loss or damage related to or caused by any occurrence referred to in General Excep on 1.1.2, 1.1.3, 1.1.4, 1.1.5 or 1.1.6 of this Policy or the act of any lawfully established authority in controlling, preven ng, suppressing or in any other way dealing with any such occurrence.
If the Company alleges that, by reason of Provision 1, 2, 3, 4 or 5, loss or damage is not covered by this Sec on, the burden of proving the contrary shall rest on the Insured.
Page | 66 Hollard Business Policy – Branch – Version 1 2018