Page 61 - Hollard Business Policy - Binder

Business Interruption
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.
6. Public telecommunications – insured perils only
6.1 property at the premises of any public authority which is empowered by law to supply a telecommunications facility to the Insured;
6.2 the transmission facilities network for the public authority mentioned in 6.1;
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.
Theft by forcible entry
The following Defined Event is added:
Theft (or any attempt thereat) accompanied by visible signs of physical damage from the premises as a result of the forcible and violent entry or exit in respect of which payment has been made or liability admitted under the Theft Section of this Policy;
PROVIDED THAT:
1. the Company will not be liable under this Extension for theft or attempted theft by any principal, partner, director or employee of the Insured;
2. the Company shall not pay more than the sum insured stated in the Schedule for the Theft Section for both this Section and the Theft Section combined.
Hollard Business Policy – Binder – Version 8 2024 Page | 59