Page 20 - Policy Wording - Hollard Business Binder (2020-08-26)
P. 20
Riot and Strike
1. GENERAL
1.1 Applicable to sections:
1.1.1 Fire
1.1.2 Buildings combined
1.1.3 Office
1.1.4 Accounts Receivable
1.1.5 Money
1.1.6 Glass
1.1.7 Goods in Transit
1.1.8 Business All Risks
1.1.9 Motor
1.1.10 Motor Traders
1.1.11 Electronic Equipment
2. UNDERWRITE THE RISK
RIOT AND STRIKE
2.1 Only available outside Republic of South Africa (RSA) and Namibia.
2.2 Similar to Sasria hence the cover is only available to South African based policies across borders.
2.3 Sum insured stated represents the exposure across border in terms of riot and strikes.
2.4 One should bear in mind that our treaties only grant us an aggregate annual limit of R100 000 000 across all our policies, so sums insured should have maximum limits to accommodate this.
3. RATING
Please refer to the relevant section for rating.
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020 19
