Page 60 - Hollard Business Policy - 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. Prevention of access – extended cover
Property within a 10 km (ten kilometre) radius of the insured premises, physical destruction of or physical Damage to which shall prevent or hinder the use of the insured 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 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.
For the purpose of this Extension only, "insured premises" shall mean:
4.1 the Insured's premises stated in the Policy Schedule;
4.2 Additional premises and Extensions to other premises as stated under Clauses and Extensions of this Business Interruption Section;
4.3 Extensions to other premises as stated under the Optional Clauses and Extensions of the Business Interruption section being:
1. Specified suppliers/sub-contractors;
2. Specified customers;
3. Unspecified suppliers;
4. Public utilities – insured perils only;
5. Public telecommunications – insured perils only;
but only if the applicable optional extension has been selected and is stated in the Policy Schedule to be included.
5. 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;
Business Interruption
Page | 58 Hollard Business Policy – Binder – Version 8 2024