Page 18 - Commercial - Underwriting Mandates & Guidelines Binder

Surveys
11.2 Theft
Location exposure
Survey type
Frequency
1 (Low)
2 (Medium)
3 (High)
4 (Extra High)
1 (Low)
2 (Medium)
3 (High)
4 (Extra High)
11.4 Liability
From R250 000 to R500 000
Exceeding R500 000
From R250 000 to R500 000
Exceeding R500 000
From R50 000 to R250 000 Exceeding R250 000
Exceeding R25 000
From R250 000 to R500 000 Exceeding R500 000
From R250 000 to R500 000 Exceeding R500 000
From R50 000 to R250 000 Exceeding R250 000
Exceeding R25 000
Basic survey questionnaire
Refer to Hollard
Basic survey questionnaire
Refer to Hollard
Basic survey questionnaire Refer to Hollard Refer to Hollard
Basic survey questionnaire Refer to Hollard Basic survey questionnaire Refer to Hollard Basic survey questionnaire Refer to Hollard Refer to Hollard
At inception and thereafter every 3 years
At inception and thereafter every 3 years
At inception and thereafter every 3 years
At inception and thereafter every 2 years
At inception and thereafter every 3 years
At inception and thereafter every 2 years
At inception and thereafter annually at renewal
At inception and thereafter every 3 years
At inception and thereafter every 3 years
At inception and thereafter every 3 years
At inception and thereafter every 2 years
At inception and thereafter every 3 years
At inception and thereafter every 2 years
at inception and thereafter annually at renewal
11.3 Money
Location exposure
Survey type
Frequency
Basic Questionnaire to be completed as set out under the Combined Liability section.
12. Post Loss Surveys
Post loss surveys are required where losses incurred are in excess of the following limits:
Class
Value of claim
Survey type
When
Fire
Theft
Money
R100 000
R50 000
R50 000
Full survey
Full survey
Full Survey
As soon as reported
As soon as reported
As soon as reported
13. Cold Storage facilities and warehousing
13.1 13.2
Expanded Polystyrene (EPS)
Please refer to point 3.8 under the Fire section for information on Cold Storage. The following should be considered in terms of sprinkler systems:
Principles for cold storage – requirement for sprinkler systems
Type of Core Material
Fire Load
Ease of Ignition
Fire Spread
Fire Resistance
Smoke Production
Sprinklers Required
Very High Very High Very High Very Low/Zero Very High > R20 million
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Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022