Page 96 - Commercial - Underwriting Mandates & Guidelines Binder
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Monthly on standard bordereaux Brokerage – 20%
Umbrella
Declined risks (cont.)
35. Warehousemans liability
36. Waste dumps/removal services
37. Thatch risks
38. Spread of fire for – plantations, forests and sugar cane
Referral risks
1. Farming (only where surrounding spread of fire risk is “Forestry’s” or specialized farms i.e. stud farms) – additional information will be required
2. Large fleets (refer to Hollard where the fleet size exceeds 100 vehicles)
Claims
Commission payable
Since the Reinsurer has the right to appoint adjusters, assessors and attorneys to control all negotiations, adjustments and settlements in connection with losses, it is vital that you notify and furnish Hollard with all information regarding any loss that occurs the moment you become aware of any loss.
Reporting
Note: Maximum acceptance limit – R20 000 000 in the annual aggregate (accumulation of Combined Liability and Umbrella Liability limits).
94 Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022
