Your Liability for Tax Sample Clauses

Your Liability for Tax. JLT is not a tax adviser and consequently makes no representation to you as to your liability or otherwise for tax on any sums that may be paid to you under a contract of insurance. Any information or calculations that JLT provides about insurance, regulatory or tax issues are based on publicly available information and JLT’s experience derived from involvement in similar matters for other clients. In all instances, JLT recommends that you seek your own advice on such matters from professional legal and tax advisers. It is your obligation to make declarations in respect of, and to account to any relevant revenue authority for, all insurance proceeds. Our Remuneration Subject to any more specific term separately agreed in writing, our remuneration is based on brokerage which is payable out of premium paid by you and allowed by the insurer(s) with whom your cover is arranged. On occasion, we may be remunerated by both brokerage and a fee (“Engagement Fee”). Where we are to be remunerated by an Engagement Fee, this Agreement will still apply, but in addition we will agree with you the level of the Engagement Fee and any other matters such as the term of our engagement. You will be responsible to us for the payment of all such Engagement Fees. In this connection, JLT may be paid separately by insurers a fee for risk management services related to your cover or be paid a fee for claims preparation or additional claim services. If the services we provide include the standard claims handling service on your behalf, as instructed by you (which ranges from the engagement of the insurer’s adjuster to the preparation and submission of claims documents unless both parties subsequently agree otherwise in writing), our remuneration for the claims handling services is included in our remuneration for brokerage services. Where the claim involves any loss amount exceeding US$1,000,000, you will agree to engage our Claims Solutions team with expertise and resources outside of the normal claims handling servicing team. In such circumstances you agree to take all reasonable steps to have JLT’s fees for such work (up to the limit of such coverage) paid by the respective insurers, pursuant to the “Claims Preparation Costs” clause or any other clause in your insurance policy (if any) that allows indemnification of reasonable professional fees payable to claims preparers (including but not limited to fees of accountants, insurance brokers, business interruption specialists and va...