Worldwide Property Panel publishes model Suppliers and Customers Questionnaire
The LMA Worldwide Property Panel has drawn up a model Suppliers and Customers Questionnaire which has now been published as LMA9020. This was produced at the request of market practitioners and following heightened interest in contingent time-element coverages in the wake of the Japanese earthquake and tsunami and Thai floods of 2011. The Panel has created a one-page questionnaire consisting of twelve questions to be completed by existing and prospective insureds on certain aspects of their supply chain management policy. The aim has been to produce a practical document that insureds will be able to complete, giving information that underwriters will be able to use in assessing each risk.
The model questionnaire can be downloaded from the link above, the Lloyd’s Wordings Repository www.lloydswordings.com or via the the Worldwide Property Panel webpage.