CLAIMS MADE POLICY
This Claims Notification is for a Claims Made Policy. This means that the policy only responds to:
- Claims first made against you and notified to the Insurer during the policy period arising from events after any retroactive date stated on the policy, and
- Events of which you first become aware during the policy period that could give rise to a future claim provided that you notify the Insurer during the policy period of the circumstances of such events and they arose after any retroactive date on the policy.
When the policy expires, no claims can be made on the policy even though the event giving rise to the claim may have occurred during the policy period.
It is therefore advisable to renew the policy each year on a Claims Made basis with retroactive cover for past activities. All known claims or circumstances should be disclosed to your current insurer before the policy expires to avoid the potential of uninsured losses.
IMPORTANT NOTICES
Insurers may not accept notification for a number of reasons:
- Insufficient Information (make the notification as specific in detail as you can)
- Late notification/non-disclosure
- No coverage exists for the matter
In the above circumstances Everest Risk Group will advise you of your options
Remember that you should not make any admission of liability without the express consent of the insurer
- Please send us all relevant correspondence in the first instance, not the entire file
- Please do not delay forwarding correspondence in particular where matters will proceed to conciliation, arbitration or dispute resolutions protocols
- Do not provide information to the third party (client) which may prejudice your defence. If in doubt, please refer to Everest Risk Group
- Be aware the written notification has to be made within the timeframe set out in the policy and always before the expiry date of the current policy
- If any responses require further elaboration, please provide an addendum
- Complete this form or Phone 02 9241 1970 for assistance
PRIVACY STATEMENT
We are committed to protecting your privacy. We only use the personal information you provide to us to quote on and insure your risks. We only provide personal information to our underwriters and reinsurers (and their representatives) and those we appoint to assist us with claims under your policy. We will not trade, rent or sell your information.
If you do not provide us with complete information, we cannot properly quote for your insurance and we cannot insure you or assist you at claims time. You can check the personal information we hold about you at any time.