Page 128 - Commercial - Underwriting Mandates & Guidelines Binder
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5. DECLINED RISKS
5.1 Please
5.2 Avoid:
refer to Annexure A
5.2.1 transport business including long haul;
5.2.2 couriers and delivery services;
5.2.3 construction vehicles;
5.2.4 plant (third party only as usually on site covered by Plant policy);
5.2.5 staff schemes;
5.2.6 motor dealers;
5.2.7 armed response and security;
5.2.8 kit cars;
5.2.9 code 3 (three) vehicles;
5.2.10 government vehicles (traffic, police, municipalities, fire brigade, military, etc.);
5.2.11 taxis;
5.2.12 leasing or hiring firms;
5.2.13 vehicles on rails;
5.2.14 vehicle tracking companies;
5.2.15 driving schools;
5.2.16 tow-in vehicles.
Minimum premium per vehicle
Annual Monthly
R2 500 R210
Motor
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Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022
