Common use of INSURANCE OF TOOLS Clause in Contracts

INSURANCE OF TOOLS. Every employer shall take out an insurance policy with a registered insurance company insuring tools, which are the private property of his journeyman, apprentice and machinist employees, against damage or destruction on the employer‟s premises by fire. The maximum cover under this clause for insurance of tools shall be R2,500.00 per employee referred to above. (substituted by G.N. R.839 of 14 September 2007)

INSURANCE OF TOOLS. Every employer shall take out an insurance policy with a registered insurance company insuring tools, which are the private property of his journeyman, apprentice and machinist employees, against damage or destruction on the employer‟s employer’s premises by fire. The maximum cover under this clause for insurance of tools shall be R2,500.00 R2000 per employee referred to above. (substituted by G.N. R.839 Government Notice R.1374 of 14 September 20073 October 2003)

INSURANCE OF TOOLS. Every employer shall take out an insurance policy with a registered insurance company insuring tools, which are the private property of his journeyman, apprentice and machinist employees, against damage or destruction on the employer‟s employer’s premises by fire. The maximum cover under this clause for insurance of tools shall be R2,500.00 per employee referred to above100% of the replacement value of the tools, where the value can be proven. (substituted by G.N. R.839 of 14 September 2007R.1051 dated 24 December 2014)