Your Liability for Tax. 8.1 ▇▇▇▇▇ 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 ▇▇▇▇▇ provides about insurance, regulatory and tax issues are based on publicly available information and ▇▇▇▇▇’▇ experience derived from involvement in similar matters for other clients. In all instances, ▇▇▇▇▇ 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.
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Sources: Insurance Broking Services Agreement, Insurance Broking Services Standard Terms & Conditions, Insurance Broking Services Standard Terms & Conditions