Notification Requirements

Some examples of what to notify us of...any changes in your business or circumstances:

· Acquisition of new subsidiaries, mergers or joint ventures in which you are involved in Australia or elsewhere

· Acquisition, construction or occupancy of new premises; alteration, vacation, temporary unoccupancy, extension or demolition of existing premises.

· Increases in value in excess of policy limits for buildings, plant, machinery or stock (whether due to acquisition, economic inflation or exchange rate fluctuation).

· Alterations to or disconnection of fire or burglary protection systems.

· Contractual liabilities assumed and legal rights contractually relinquished or diminished, any contracts which impose onerous conditions.

· Changes in processes, occupancy or products and extensions of business operations, including new products or processes.

· Granting of indemnities or hold-harmless agreements

· Hiring, leasing or borrowing of plant and equipment.

· Acquisition of substantial equipment.

· Movements of stock or equipment to new locations.

· Charter or operation of aircraft or waterborne craft

· External Funding – mortgages or other borrowings which create insurable interest of third parties in insured property.

· Foreign trade and travel – developments involving exposures beyond Australia, overseas acquisitions or exports of products.

If in doubt, tell us and we will advise yourself and ensure necessary requirements......