Get Form Lb020 05/12 - Lumley

Filling out the Form LB020 05/12 - Lumley is a crucial step in securing technology liability insurance. This guide will provide you with clear, step-by-step instructions to help you complete the form accurately and efficiently.

Follow the steps to successfully complete the form online.

1. Click the 'Get Form' button to access the form and open it in your preferred editor.
2. Begin by providing the applicant details. Enter the full names of all entities to be insured, including the postal address and the details of the premises occupied for conducting the business.
3. Identify a contact person by entering their name and provide a valid email address and website address, if applicable.
4. Proceed to the business details section. Clearly describe the nature of your business and specify the number of years your entities have been operational. If there have been any name changes or business mergers, provide the relevant details.
5. Indicate the activities that apply to your business and estimate the percentage of revenue derived from each activity during the current financial year.
6. Next, describe the end user applications of your products and services. Estimate as a percentage of revenue for the current financial year.
7. Provide details about your end user profile, including the industries your customers operate in and their typical technical sophistication.
8. In the section regarding your products, specify the percentages of revenue derived from products you create, sell for others, and any royalties received.
9. Answer questions regarding web-based activities and describe your risk management practices.
10. Complete the sections related to your contracts and agreements, ensuring that you specify if standard contract terms are being used.
11. For the claims history section, answer questions related to past claims and disputes after making reasonable inquiries.
12. Finally, carefully review all the information provided and ensure that all relevant sections are completed. Once finished, you can save changes, download, print, or share the form as needed.

Complete your documents online today to ensure your technology liability coverage is in place.