Page 97 - Policy Wording - Hollard Business Binder (2020-08-26)

Umbrella
Declined risks (cont.)
35. Warehousemans liability
36. Waste dumps/removal services
37. Thatch risks
38. Spread of fire for – plantations, forests and sugar cane
Referral risks
1. Farming (only where surrounding spread of fire risk is “Forestry’s” or specialized farms i.e. stud farms) – additional information will be required
2. Large fleets (refer to Hollard where the fleet size exceeds 100 vehicles)
Claims
Since the Reinsurer has the right to appoint adjusters, assessors and attorneys to control all negotiations, adjustments and settlements in connection with losses, it is vital that you notify and furnish Hollard with all information regarding any loss that occurs the moment you become aware of any loss.
Reporting
Commission payable
Personal Risks
Territorial Scope
Anywhere in the world but not in connection with any Business carried on by the Insured at or from premises outside or any contract for the performance of work outside the Republic of South Africa, Namibia, Botswana, Lesotho, Swaziland, Zimbabwe and Malawi
Applicable Law and Jurisdiction
Minimum underlying policy limits
Spread of fire
1. Farms
2. All other
R3 000 000 R1 000 000
Limit of indemnity
Limitations
Premium (inclusive of VAT)
Subjectivities
1. If an extension is included allowing renting out of property, the following requirements must be adhered to:
• Railing/balustrades must be fitted on stairs and around balcony
• Fence around pool, must be secure
• Glass doors must be fitted with safety glass
2. An additional excess of R100 000 applies to dogs considered fierce or ferocious including Pit bulls, Alsatians, Bull Terriers, Rottweilers
Fierce dogs will include:
Caucasian Shepherd, Pit Bull, Great Dane, Boxer, Alaskan Malamute, Siberian Husky, Mastiff, Wolf Hybrid, Dobermann Pinscher, German Shepherd, Rottweiler
Monthly on standard bordereaux Brokerage – 20%
South African Law and Jurisdiction General and Tenants
Statutory legal defence costs Wrongful arrest and defamation Watercraft liability
Motor third party liability Maximum annual liability premium Property liability
Motor third party liability Spread of fire – farms
R1 000 000
R250 000
R250 000
R1 000 000
R2 500 000
R5 000 (refer if exceeding)
R19 000 000 in excess of R1 000 000 R17 500 000 in excess of R2 500 000 R17 000 000 in excess of R3 000 000
1. Maximum of 10 vehicles included in the premium
2. If more than 10 vehicles, charge an additional R1.50 per vehicle per month
3. Policy should not contain more than 25 vehicles
Annual (per policy) R300 Monthly (per policy) R25
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Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020