Mr. Toilet — Insurance Programme
Mr. Toilet will maintain a comprehensive insurance programme to protect the business against material risks. The insurance portfolio will be placed through a reputable short-term insurance broker and reviewed annually.
Section 15 · Business Plan
Insurance Programme
Mr. Toilet will maintain a comprehensive insurance programme to protect the business against material risks. The insurance portfolio will be placed through a reputable short-term insurance broker and reviewed annually.
Mr. Toilet will maintain a comprehensive insurance programme to protect the business against material risks. The insurance portfolio will be placed through a reputable short-term insurance broker and reviewed annually.
| Cover | Scope | Limit / Sum Insured | Estimated Annual Premium |
|---|---|---|---|
| Commercial motor vehicle | All vehicles in the fleet | R3,400,000 (total fleet value) | R120,000 |
| Portable unit – all-risks | All sanitation and shower units | R7,040,000 (total unit value) | R85,000 |
| Public liability | Third-party bodily injury and property damage | R20,000,000 per event | R35,000 |
| Employer’s liability | Employee injury (excess over COIDA) | R10,000,000 per event | R18,000 |
| Business interruption | Loss of revenue due to insured event | 12 months’ gross profit | R25,000 |
| Office contents and equipment | IT, furniture, tools | R500,000 | R8,000 |
| Key-person insurance | Founding directors (D. Nkosi, R. van Zyl) | R5,000,000 per person | R24,000 |
| Environmental liability | Pollution or contamination events | R5,000,000 per event | R15,000 |
| Total Annual Premium | R330,000 |
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