Page 49 - Policy Wording - Hollard Business Binder (2020-08-26)

1.1 This section covers contents (excluding documents as defined) of the Insured's office premises (hereinafter called the Offices) including landlord's fixtures and fittings.
1.2 This section does not provide cover in terms of any insured stock and materials in trade or samples.
1.3 Electronic equipment (as defined in the policy wording) is not covered in terms of this section and is provided for in terms of the Electronic Equipment section.
2. UNDERSTAND THE RISK
2.1 Business description
This section is for office-type risks only.
2.2 Risk location
Refer to point 2.2 under the Fire section.
2.3 Construction
Refer to point 2.4 under the Fire section.
2.4 Cover provided for
2.4.1 Sub-section A – Contents
2.4.1.1 2.4.1.2
a) Standard construction
b) Non-standard construction
c) Leakage – First Loss basis
2.4.2 Sub-section B – Rent
Automatically included at 30% of the Contents sum insured.
2.4.3 Sub-section C – Documents
Office Contents as defined.
Theft following forcible and violent means – up to 25% of the Contents sum insured.
.850% 1.25% .275%
Office Contents
1. GENERAL
OFFICE CONTENTS
Rate
Description
Rate
2.4.3.1 2.4.3.2
a) Standard construction
b) Non-standard construction
Automatically included up to R50 000. Increased limit available at an additional cost.
Rate
Description
Rate
.275% .325%
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Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020