Before you enter into a contract of general insurance with an Insurer, you have a duty to disclose to the Insurer every matter within your knowledge that is material to the Insurer’s decision whether to accept the risk of the insurance and, if so, on what terms.

You have the same duty to disclose those matters to the Insurer before you renew, extend, vary or reinstate a contract of general insurance.

It is important that all information contained in this application is understood by you and is correct, as you will be bound by your answers and by the information provided by you in this application.

You should obtain advice before you sign this applicaton if you do not properly understand any part of it.

Your duty of disclosure continues after the application has been completed up until the contract of insurance is entered into.

If you fail to comply with your duty of disclosure, the Insurer may have the option of avoiding the contract of insurance from its beginning.

If your non-disclosure is fraudulent, the Insurer may also have the right to keep the premium that you have paid.

You should advise us or the insurer as soon as practicable of any change to your normal business as disclosed in this application, such as changes in business activities, location, acquisitions and new overseas activities.

Where you have agreed with another person or company (who would otherwise be liable to compensate you for any loss or damage which is covered by the contract of insurance) that you will not seek to recover such loss or damage from that person, the insurer will not cover you, to the extent permitted by law, for such loss or damage.