WINHOLD GROUP INSURANCE SUMMARY
Cover Description
Deductible
Assets All Risks
Material Damage
Sum Insured
R 657,951,346
Electronic Equipment
Sum Insured
R
Gross Profit
Sum Insured
R 210,000,000
Rent Receivables
Sum Inured
R
16,650,000
Contractors All Risks
Limit any one Contract
R
20,000,000
Maximum Period
any one Contract
8,191,748
Manufacturing Sites
Operational Sites
Money
Theft
Electronic Equipment
All Risk Items
Accidental Damage
Goods in Transit (Local)
Each and every claim
R
R
R
R
50,000
10,000
5,000
10,000
R
2,500
R
5,000
10% min R10,000
10% min R10,000
R25,000
12 months
Major Extensions
Major Exclusions
All Risk Items
R 1,000,000
Works of Art
R 1,000,000
Money
R
300,000
Theft
R 1,000,000
Goods in Transit
R 1,000,000
Accidental Damage
R 10,000,000
Property in the Course
of Construction
R 20,000,000
Additional Increased
Costs of Working
R 25,000,000
Customers and Suppliers Extension
Inter Branch Extension
Subsidence and Landslip
Wear and Tear
Any Fraudulent Tricks
Shrinkage
Acts of Authority
Contractual Liability
Known Faults or Defects
Consequential Loss
Surrounding Property Transit of Materials
off-site Surface
Liquidated Damages or Penalties
Defective Materials/Workmanship
Marine/CIT Insurance
Gradual Deterioration
De-Watering
Part of the Property being worked
upon
Under Load Testing
Testing and Commissioning 90 days
Escalation
30%
Cover only applies to Gundle
Liability
General Public Liability
Products Liability
Defective Workmanship
Product Inefficacy
Sudden & Accidental Pollution
Spread of Fire
Gratuitous Negligent Liability
Motor Third Party
Contractors Liability
Incidental Medical Malpractice
R
R
R
R
R
R
R
R
R
R
50,000,000
50,000,000
50,000,000
50,000,000
50,000,000
50,000,000
50,000,000
45,000,000
50,000,000
50,000,000
Public Liability
R 10,000
Products, including Advice
R 25,000
Product Inefficacy
R 100,000
Pollution & Contractors
R 10,000
Motor Third Party
R5,000,000
(Covered in Terms of the Motor Policy)
Defamation/Wrongful Arrest
R 10,000
Statutory Legal
Defence Costs
R 1,000,000
Employers Liability
R 20,000,000
Wrongful Arrest /
Defamation
R 1,000,000
Difference in Limits/Difference in Conditions
Fines and Penalties
Contractual Liability
Warranties
Known Incidents/Deliberate Acts
USA and Canada Related
War or Nuclear
Asbestos
Insolvency
Fraud
Cost of Repairs
WINHOLD GROUP INSURANCE SUMMARY
Cover Description
Commercial Crime
Employee Dishonesty
Third Party Computer Fraud
Extortion
Directors & Officers
Policy Limits
Motor
Own Damage
Third Party
Self Insurance
Aggregate
Stop Loss
Deductible
R
R
R
10,000,000
10,000,000
10,000,000
R
50,000,000
R
R
750,000
5,000,000
R
R
1,000,000
125,000
Manufacturing Sites
Operational Sites
R 500,000
R 250,000
Nil
Own Damage
Theft/Hi-Jack
Windscreen
R
2,500
R
5,000
25% min, R500
Cell Phone Limit
As declared
R
500
Laptops
Limit
As declared
R
1,500
Claims Notification
GIB
Telephone+2711 483 1212
Winhold
Telephone +2711 345 9800
Sue Cassell
Cell
e-mail
+2783 651 7185
sue@gib.co.za
Elaine van der Merwe
e-mail
Fax to Mail
elaine@gib.co.za
+2786 750 6596
Grant Scrutton
e-mail
grants@winhold.co.za
Major Extensions
Major Exclusions
Costs of Recovery
R 250,000
Reinstating Office Records R 250,000
Losses from Unidentified Employees
Loss by Director/Partner
Loss after Discovery
Consequent Loss or Loss of Profits
Unintentional
Acts/Errors/Omissions
Shareholder Derivative Actions –Pollution
Extension – 100% of SI
Acquisition Threshold – 20%
Outside Directorship Retired Directors
Non Executive Directors Protection
Tax COID and UIF Extensions
Pollution Defence Costs-25% of Sum Insured
USA and Canada
Failure to maintain Insurance
Fraudulent Acts
Bodily Injury
Passenger Liability-R5,000,000
Unauthorised Passenger Liability-R5,000,000
Contingent Liability-R5,000,000
Car Hire R300/day – max 30 days
New for “Old” if less than 12 months and 36,000
km
Mechanical or Electrical Breakdown
Inequity of Road Services
Detention/Confiscation
Nationalisation
Under the Influence
Contrary to Description of Use
Not Licenced
World Wide Cover
Wear and Tear
Gross Negligence
Unattended Vehicle unless goods
are stored in a Locked Boot
Entry gained to a Vehicle using a
Jamming Device