Page 91 - Policy Wording - Hollard Business Binder (2020-08-26)

6. EU
8. Spread of fire
9. Bursting and overflowing of dams: Identify dam(s)
10. Commercial hunting and game viewing
11. Guest house
12. Warehouseman's:
Obtain contract/indemnity and refer
Public Liability
Products Liability/Defective Workmanship
.020% .010%
.050% .025%
.015% .010%
Refer Refer
.015% N/A
.050% N/A
R20 000 000
R5 000 000
R1 000 000
Refer
R20 000 000
R2 000 000
R62.50 R85
Combined Liability (Claims-made Basis)
4. Wrongful arrest:
R100 000 R200 000
Included R375
Included R125
R200 000
5. Statutory defence cost: R100 000
R200 000
Included R375
Included R125
R200 000
Main unit
Any additional unit
Maximum limit
7. Extended reporting period:
12 months 24 months 36 months
15% loading 25% loading 35% loading
5% loading 10% loading 15% loading
36 months
Minimum premium
Annaul
Monthly
R750 R1 000
6.
WARRANTIES AND ENDORSEMENTS
6.1
6.2
6.3
Where applicable the warranties and endorsements below can be contained in the schedule to either restrict cover or to bring clarity to a specific risk offered or required.
Limits and excesses can be changed to suit the specific risk.
Hairdressers and Beauticians
6.3.1 6.3.2 6.3.3
Hairdressers and beauticians are combined as the activities are more than often combined and the endorsement is specific in which cover, exceptions and referrals are applicable.
Treatment is a different aspect to the product concept and can be seen as professional services which is an exception in terms of the wording.
If cover is granted, note the following endorsement on the policy schedule (note applicable limits):
“The Company will indemnify the Insured against liability in respect of loss of or damage to third parties, injury or damage caused by or in connection with or arising from any product sold or supplied or applied as part of the treatment or otherwise and applicable to:
1. hair extensions, dyeing, tinting, permanent hair waiving treatment, colouring or bleaching or other treatment given or administered in the course of the Insured’s business as a hairdresser;
2. any treatment involving cutting or puncturing of the skin, liposuction or Botox and any form of nail care or extensions;
3. body treatment including messages, acupuncture or manipulation of the body;
PROVIDED THAT:
1. the Insured shall be duly qualified and registered with the approved controlling body or board;
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Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020