Page 56 - Commercial - Underwriting Mandates & Guidelines Binder

1.16
Public telecommunication
1.16.1 Insured perils only:
• damage as a result of an insured peril at the supplier premises;
• cover is limited to 75% of Gross profit, maximum R20 000 000 any one period of insurance.
1.16.2 Extended cover:
This extension is no longer available as at:
• Quotes and New Business – 01 May 2022;
• All existing business – 01 July 2022.
Additional claims preparation costs
Charge 50% of the underlying base rate.
Business Interruption
Rate
Description
Rate
Insured perils only
.015%
1.17
Minimum section premium
Annual Monthly
R1 500 R135
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Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022