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Our Advice To You
PLEASE NOTE that the
Insurance policies summarized herein do not usually contain
automatic coverage for all assets, properties, operations,
etc.
We request that you clients
notify us of changes. Some examples could pertain to:
- Changes in
organizational structure
Incorporation, merger, acquisition, partnership, new
subsidiaries, business name changes.
- Changes in business
operation
Product, services, markets, territories, operating
procedures, distribution, advertising.
- Change in projects
and forecasts:
Sales, revenues, payrolls, cash flows, borrowing.
- New
acquisitions/lease/rental use of the following:
Real Estate, equipment, vehicles aircraft, plant and
machinery, watercraft mobile equipment.
- Significant
fluctuations in:
Inventory, transportation, cash, accounts receivable.
- Written or informal
agreements with:
Contractors, labour agreements, suppliers, customers,
others.
- Increases in values,
costs or items acquired after inception date of your
covers.
A potential claim (or loss)
would not represent a "change", but we emphasize
the importance of promptly reporting all claims, including
the reporting of incidents that may result in a claim.
If you are in doubt, a few
minutes discussion by telephone can be time well spent for
each of us.
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