Common use of Your Liability for Tax Clause in Contracts

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.