Page 94 - Policy Wording - Hollard Business Binder (2020-08-26)

Employer's Liability (Claims-made Basis)
EMPLOYER'S LIABILITY (CLAIMS-MADE BASIS)
1. UNDERSTAND THE RISK
1.1 Compensation for Occupational Injuries and Diseases Act (Act 130 of 1993) is to provide for compensation in the case of disablement caused by occupational injuries and diseases, sustained or contracted by employees in the course of their employment, or death resulting from such injuries and diseases; and to provide for matters connected therewith.
1.2 Employees who are injured on duty or obtain an occupational disease can claim compensation for temporary or permanent disablement. Should an employee succumb to their injuries sustained on duty, their dependants will also be entitled to claim compensation. Employers that registered their employees are protected against civil claims in this regard.
1.3 The COIDA basically prevents employees covered by the act from suing their employers for damages in terms of common law.
1.4 As this has not yet been proven in court, Employer's Liability cover is still offered as a fail-safe.
2. UNDERWRITE THE RISK
2.1 Number of employees and limit of indemnity is to be provided by the Insured.
2.2 Check whether the occupation of the risk is on the referral or decline list.
2.3 If the business occupation is of a hazardous nature, ensure the correct premium is charged.
2.4 The limit of indemnity must never be greater than the Public Liability limit under the Combined Liability section.
2.5 The retroactive date must be noted on the Schedule. This will usually be the same as the inception date of the policy.
3. MINIMUM PREMIUMS
The premiums noted in the table below are annualised. For monthly premiums, divide by 12.
Number of employees
Limit of Indemnity
Up to 50 employees
R1 000 000
R2 000 000
R3 000 000
R5 000 000
Up to 100 employees
More than 100 employees
R300 R500
R450 R650
R650 R850
Requests for cover exceeding R5 000 000 – Refer to Hollard
Minimum section premium
Annual Monthly
R750
R900
R1 100
R1 100
R1 300
R1 500
R300 R30
Optional Extensions
Extended reporting
10% loading
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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