Page 107 - Policy Wording - Hollard Business Binder (2020-08-26)

5. MINIMUM PREMIUMS
The premiums noted in the table below are annualized. For monthly premiums, divide by 12.
Cyber Liability
3. UNDERWRITE THE RISK
3.1 Retroactive date can apply but not for more than 12 months preceding.
3.2 Do not underwrite the risk without a completed proposal which is duly signed.
3.3 The maximum acceptance limit for this facility is R2 500 000. Should a higher limit be required by the client, please contact Hollard for a quote.
4. DECLINED AND REFERRAL
Before quoting on a risk check for acceptability. Where there is uncertainty refer to Hollard for clarification.
Annual Turnover
Limit of Indemnity (per claim and in the annual aggregate)
*Deductible
R250 000
R500 000
R1 000 000
R2 500 000
R0 – R 10M
R0M – R25M
R25M – R50M
R50M – R75M
R75M – R100M
R100M – R250M
15 000.00
25 000.00
25 000.00
50 000.00
50 000.00
100 000.00
2 500.00
3 410.00
4 250.00
4 825.00
5 295.00
7 500.00
3 500.00
4 775.00
5 950.00
6 750.00
7 410.00
10 500.00
5 375.00
7 215.00
8 780.00
9 985.00
10 905.00
15 045.00
8 485.00
11 400.00
13 885.00
15 775.00
17 225.00
23 760.00
• •
The above are gross annual premiums, including VAT and 20% broker’s commission. Retroactive date, maximum 1 year only, load the premium by 15%.
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Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020