Page 76 - Policy Wording - Hollard Business Binder (2020-08-26)

Goods in Transit
4.3 In the event that cover is required for once off conveyance the following terms should be applied:
4.3.1 Rating – load limit x rate (as per table above) x 15%.
4.3.2 Minimum premium of R2 500 applies.
4.3.3 Adjust excess according to load limit and goods being conveyed.
4.4 Optional Extensions
Fire extinguishing charges Debris removal
Riot and Strike
Additional claims preparation costs
5. DECLINED AND REFERRAL RISKS
5% R500 5% Nil
Descriptition
Rate
Excess
0.1%
50% of the underlying base rate
10% of claim Minimum R1 000
Nil
5.1 The following risks should be avoided:
5.1.1 Antiques and works of art
5.1.2 Dangerous goods, i.e. explosives, corrosives, toxins, radio active material
5.1.3 Glass merchants
5.1.4 Haulage contractors
5.1.5 Household goods carried by removal contractors
5.1.6 Jewellery/Furs/Non-ferrous metals/Precious stones and metals
5.1.7 Livestock/Bloodstock/Wild animals
5.1.8 Refrigerated vehicles
5.1.9 Tobacco, cigarettes and cigars
5.1.10 Traveller's samples
5.1.11 Wines and spirits
5.1.12 Wet cement
Minimum section premium
The Goods In Transit section should not be issued with premium less than the amounts indicated in the rating table.
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020 75