Page 72 - Policy Wording - Hollard Business Binder (2020-08-26)

Fidelity Guarantee
4.
RATING
10 000
20 000
30 000
50 000
75 000
100 000
125 000
150 000
200 000
225 000
250 000
275 000
300 000
325 000
350 000
375 000
400 000
425 000
450 000
475 000
500 000
Fidelity Guarantee Annual Premiums
Sum Insured
10 Employees
20 Employees
30 Employees
40 Employees
50 Employees
75 Employees
100 Employees
1 900
2 400
2 600
3 700
4 600
5 500
6 200
6 900
8 400
9 000
9 500
10 000
10 500
11 000
11 400
11 800
12 200
12 600
12 900
13 200
13 500
2 560
2 850
3 100
4 300
5 500
6 600
7 500
8 400
10 000
10 700
11 500
12 200
12 900
13 600
14 200
14 800
15 400
16 000
16 500
17 000
17 500
3 060
3 400
3 700
4 900
6 200
7 200
8 400
9 300
11 300
12 000
13 000
14 000
15 000
16 000
16 850
17 700
18 550
19 400
20 100
20 800
21 500
3 500
3 750
4 100
5 500
7 100
8 500
9 800
10 900
12 900
13 900
14 900
15 900
16 900
17 900
18 750
19 600
20 450
21 300
22 000
22 700
23 400
20% of basic premium
10% of basic premium
15% of basic premium
10% of basic premium
15% of basic premium
10% of basic premium
20% of basic premium
20% of basic premium
of the underlying base
3 880
4 750
5 100
6 100
7 700
9 200
10 600
11 600
14 000
15 100
16 100
17 200
18 300
19 400
20 350
21 300
22 250
23 200
23 950
24 700
25 450
4 610
5 000
5 400
7 200
9 200
11 000
12 500
14 000
16 800
18 100
19 200
20 300
21 400
22 500
23 500
24 500
25 500
26 500
27 350
28 200
29 050
5 220
5 750
6 000
8 000
10 200
12 200
13 900
15 500
18 500
20 000
21 400
22 700
24 000
25 300
26 500
27 700
28 900
30 100
31 100
32 100
33 100
Optional Extensions
Description
Rate
Excess
a)
Computer losses
b) Costs of recovery
c) Extortion
d) Loss discovered > 24 months (with systems audit)
e) Loss discovered 24-36 months
f) Reduction/reinstatement of sum insured
g) Retroactive cover – no previous insurance in force
h) Superceded insurance
i) Additional claims preparation cost
Annual Monthly
As per policy wording
50%
rate
Minimum section premium
R2 500 R210
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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