Page 80 - Policy Wording - Hollard Business Binder (2020-08-26)

Business All Risks
Classification
Description
Minimum Rate
Excess
Accommodation
a) Miscellaneous items
b) Single item value exceeding R1 000 000
c) Racing pedal cycles
d) Semen in tubes/flasks
e) Tools on construction sites
f) Professional photographer's equipment
g) Irrigation pipes and systems (see specific section Agri policy)
Refer
Refer
Decline
a) Musicians instruments
b) Instruments for bands or used for income
c) Vending machines
d) Control plant (bulldozers, graders, scrapers, cranes, etc.)
e) Property hired out
f) Quarrying and mining equipment
g) Stock-in-trade of every description
h) Theatrical props and costumes
N/A
N/A
Optional Extensions
Description
Rate
Excess
Riot and Strike
Increased cost of working
Additional claims preparation costs
Annual Monthly
.240% Nil
.25% Nil
2% Nil
R1 000 R85
Minimum section premium
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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