WHEN TO NOTIFY HESTER, HEITEL & ASSOCIATES
It is important that you advise us of any material change in your operations. These
Changes may have a bearing on your insurance program! Your insurance carriers have evaluated and accepted your insurance program on the basis of the information given at the time your coverage was secured. Any variation of these details could lead to complication in the event of a loss.
These changes may include, but are not limited to:
- Acquisition, Merger, Or Creation of new companies or any legal change in the corporate structure.
- Purchase, Construction, Or Occupancy of new premises; Alteration or Tenant Improvements of the premises, Vacating of the premises, Temporary Unoccupancy, Extension or Demolition of the premises - owned or rented, foreign or domestic!
- A change in any Lease - leaseholder, terms, conditions, or requirements.
- Increase in Building or Contents vales for named and unnamed locations.
- Removal of Contents or Stock to a New or Temporary location.
- Changes in Processes, Occupancy, Products, or Business Operations.
- Addition, Alteration. Or Temporary Disconnection of fire or burglar protection systems.
- New Locations; Additional Equipment - purchased, leased, hired, or borrowed; Vehicles - purchased, leased hire, or borrowed, New Employees hire for Driving on behalf of your organization.
- Changes of personnel affecting responsibility for insurance decisions.
- Personal traveling overseas; on a temporary assignment overseas; or working on military bases.
- Use of Owned or Non-owned Aircraft or Watercraft.
- Major changes in the values or nature of goods being shipped or transported.
- Use of Leased Employees from employment firms and subcontracted employees.
- Employment of Personnel in states in which you were previously not doing business.
- Election or appointment of a new CEO, COO, or change in control of either the Board of Directors or the stock ownership of the company.
- Changes in ERISA Plan Assets.
SUGGESTED ADDITIONAL COVERAGES
Many, perhaps all of these suggested additional coverages are NOT included in your policies. This list identifies coverages we suggest you consider. This is not a complete list of all available coverages you may need, and is provided for your information only. All coverage is subject to the policy conditions, limitations and exclusions, and shall not be altered by the following summaries.
ACCOUNTS RECEIVABLE: Coverage for expenses of recreating customer account records and certain collections costs following a loss by a covered peril.
AGREED AMOUNT VALUATION: Removes the coinsurance requirement for covered property in building and personal property policies.
BOILER & MACHINERY: Coverage for mechanical breakdown of boilers, HVAC equipment, or other covered machinery.
BUILDERS RISK/INSTALLATION FLOATER: Coverage for property in the course of construction and building materials on job sites.
BUILDING ORDINANCE OR LAW COVERAGE: Coverage for the increased costs of construction as required by applicable building codes following a covered loss.
BUSINESS INCOME & EXTRA EXPENSE: Coverage for loss of income and extra expenses necessary to continue operating following a covered loss.
CARGO: Coverage for goods of others you are transporting.
COMPUTER MEDIA: Coverage for the cost to recreate lost data following a covered loss.
CRIME: Coverage against loss due to specified criminal acts of others.
DEBRIS REMOVAL: Supplemental coverage for removing debris following a covered loss.
DIRECTORS' & OFFICERS' LIABILITY: "Claims Made" coverage for the negligent acts of directors and officers while acting in their capacity with the company.
DRIVE OTHER CAR COVERAGE: Coverage for personal use of a non-owned, hired or borrowed auto.
EARTHQUAKE: Coverage for earthquake damage is not provided without purchase of this specific additional coverage.
EMPLOYEE BENEFITS ERRORS & OMISSIONS: Coverage for negligent acts, errors or omissions committed in the management of your company's employee benefits plan.
EMPLOYEE FIDELITY: Coverage for employee theft of money or other property.
EMPLOYEES' TOOLS COVERAGE: Coverage for employee's tools while used on the job.
EMPLOYMENT PRACTICES LIABILITY: Coverage for claims by employees alleging wrongful termination, discrimination, sexual harassment, certain violations of the Americans with Disabilities Act (A.D.A.) or other specified employment related exposures.
EXCESS LIABILITY/UMBRELLA: Coverage for specified losses in excess of primary policy limits.
FENCING/ANTENNAS: Coverage for fences or antennas.
FLOOD: Coverage for loss due to water damage arising from floods and surface waters as specified in the form.
FOREIGN LOCATIONS: For companies and persons conducting business outside of the United States.
GLASS: Supplemental coverage for building glass.
HIRED & NON-OWNED AUTOMOBILE LIABILITY: Coverage against claims arising out of the use of vehicles leased, hired, rented or borrowed by employees, while in the course of business.
HIRED AUTOMOBILE PHYSICAL DAMAGE: Coverage for comprehensive physical damage and collision to hired or rented autos.
LIQUOR LIABILITY: Coverage for liability arising out of the selling, serving, furnishing or distributing liquor.
LOSS OF RENTS: Coverage for the loss of rental income as a result of covered loss to a building.
MOLD/FUNGI: Coverage for claims arising from specified mold/fungi occurrences.
MONIES & SECURITIES: Coverage for the theft, disappearance or destruction of monies or securities.
OCEAN CARGO: Coverage for goods transported via watercraft.
PERSONAL PROPERTY OF OTHERS: Coverage for loss of certain personal property of others while in your care, custody or control.
PERSONAL PROPERTY OFF PREMISES: Coverage for personal property owned by the insured but not located at the insured location.
POLLUTION: Coverage for claims arising from specified pollution-caused losses.
PROFESSIONAL LIABILITY/ERRORS & OMISSIONS: Coverage for claims arising out of negligent acts, errors or omissions in the rendering of professional services.
RENTED EQUIPMENT: Coverage for loss of rented equipment.
SELLING PRICE VALUATION: Coverage for finished inventory at the actual selling price of the goods.
SIGNS: Coverage for signs as specified.
SPOILAGE: Coverage for loss of perishables caused by changes in temperature resulting in a covered loss.
TERRORISM: Coverage for damage to insured property or liability resulting from terrorism.
TRANSPORTATION: Coverage for your goods in transit as specified..
VALUABLE PAPERS AND RECORDS: Coverage for the cost of reconstructing records following a covered loss.
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