Page 88 - Policy Wording - Hollard Business Binder (2020-08-26)

Combined Liability (Claims-made Basis)
5. RATING
Classification
Description
Excess
A – Low
Insured premises or business activity is:
a) not particularly susceptible to cause loss or damage or bodily injury;
b) small number of visitors (public) to the premises;
c) small area (racks) of display, no mega display area;
d) not using heavy duty plant, forklifts or travelling cranes;
e) no hazardous commodities on premises;
f) typically auditors, attorneys, etc.
R1 500
B – Medium
Insured premises or business activity is:
a) not particularly susceptible to cause loss or damage or bodily injury;
b) large number of visitors (public) to the premises;
c) large size (racks) of display, meaningful display area;
d) not using heavy duty plant, forklifts or travelling cranes;
e) no meaningful amounts of hazardous commodities on premises;
f) typically bank halls, accommodation, small supermarkets, etc.
10% of claim minimum R1 500
C – High
Insured premises or business activity is:
a) reasonably susceptible to cause loss or damage or bodily injury;
b) large number of visitors (public) to the premises;
c) very large (racks) area of display, mega display area;
d) using heavy duty plant, forklifts or travelling cranes;
e) potential for storage or trading in hazardous commodities;
f) hazardous commodities on premises;
g) typically shopping malls, chain stores and hypermarkets, bazaars, etc.
10% of claim minimum R2 500
D – Extra High
Insured premises or business activity is:
a) very susceptible to cause loss or damage or bodily injury;
b) very large number of visitors (public) to the premises;
c) large area (racks) of display (rack area), mega display area;
d) not using heavy duty plant, forklifts or travelling cranes;
e) hazardous commodities on premises;
f) typically Makro-type shop.
10% of claim minimum R5 000
E – Refer
Insured premises or business activity is:
a) particularly susceptible to cause loss or damage or bodily injury;
b) large amount of visitors (public) to the premises;
c) small area (racks) of display, no mega display area;
d) not using heavy duty plant, forklifts or travelling cranes;
e) typically sport stadiums or motor racing venues.
10% of claim minimum R5 000
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020 87