Page 54 - Commercial - Underwriting Mandates & Guidelines Binder

Business Interruption
Maximum acceptance Limits
Description
% of GP sum insured
Maximum limit
Specified suppliers
Specified customers
Unspecified suppliers
Specified suppliers or customers (per risk location):
up to 10% dependency
11% to 25% dependency
26% to 50% dependency
51% dependency and over
Unspecified suppliers (per risk location):
up to 10% of Gross Profit sum insured
10% to 15% of Gross Profit sum insured
over 15% of Gross Profit sum insured
25%
25%
10%
R200 000 000
R200 000 000
R100 000 000
Rate
Description
Rate on gross profit
.0175%
.0355%
Refer Hollard –
Decline
.0550%
Refer Hollard –
Decline
.0500%
.0675%
The questionnaire should be completed on each and every instance:
DEPENDENCY CALCULATOR
Are you dependent on any one supplier for more than 5% of your annual turnover, but restricted to 25%? Please specify:
Supplier
Country
Percentage value
Purchase
Is an alternate supplier available?
%
R
YES/NO
%
R
YES/NO
%
R
YES/NO
Are you dependent on any one customer (agent) or agent of a customer for more than 10% of your annual turnover but restricted to 15%?
Customer
Country
Percentage
Value of annual sales
%
R
%
R
%
R
Are you dependent on any utility supplier? List below.
Utility supplier
What alternative arrangements are in place to maintain business if this utility supplier ceases to supply? Percentage value of annual turnover
R
R
R
What peril do you consider the most prevalent to affect turnover on the business?
Peril
What assets will be affected
Affect (%) on turnover
R
R
R
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Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022