Page 90 - Policy Wording - Hollard Business Binder (2020-08-26)

Combined Liability (Claims-made Basis)
Limit of Indemnity: Up to R20 000 000
Limit Number
0.069
0.079
0.091
0.105
0.120
0.138
0.159
0.183
0.130
0.150
0.172
0.198
0.135
0.155
0.179
0.205
Statutory Legal Defence costs
Wrongful arrest
0.058
0.067
0.077
0.088
0.098
0.113
0.130
0.149
0.105
0.121
0.139
0.160
0.110
0.127
0.145
0.167
Refer to Hollard
0.048
0.055
0.063
0.073
0.074
0.085
0.098
0.113
0.080
0.092
0.106
0.122
0.086
0.099
0.114
0.131
a) b)
a) b)
.010%
.015%
0.042
0.048
0.056
0.064
0.062
0.071
0.082
0.094
0.068
0.078
0.090
0.103
0.074
0.085
0.098
0.113
Turnover up to R50M
Turnover up to R100M
Turnover up to R250M
Turnover up to R500M
A
B
C
D
E
Limit of Indemnity: R1 000 000
Products Liability/Defective Workmanship
Limit Number
Turnover up to R50M
Turnover up to R100M
Turnover up to R250M
Turnover up to R500M
A
B
C
D
E
Limit of Indemnity: Up to R2 500 000
Limit Number
Turnover up to R50M
Turnover up to R100M
Turnover up to R250M
Turnover up to R500M
A
B
C
D
E
Limit of Indemnity: Up to R5 000 000
Limit Number
Turnover up to R50M
Turnover up to R100M
Turnover up to R250M
Turnover up to R500M
A
B
C
D
E
Refer to Hollard
Refer to Hollard
Refer to Hollard
Optional Extensions
Description
Limit of indemnity
Annual premium
a) b)
a) b)
R150 000 Additional R50 000
R150 000 Additional R50 000
Included R450
Included R450
5.1.5 Additional claims preparation costs
Apply a rate of 2% to limit required.
5.2 Rates – Agri
a) Calculate premium on turnover;
b) apply minimum turnover of R1 500 000.
1. General and tenants
2. Products
3. Defective workmanship
.030%
.035%
N Q
N Q
R20 000 000
R10 000 000
R10 000 000
Main unit
Any additional unit
Maximum limit
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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