I. In the past twelve (12) months, has your total number of employees decreased by more
than ten percent (10%) or five (5) employees, whichever is greater, through any
reduction in force, systematic lay-off or by closure of any division, office or facility that
you own or operate? __Yes __No
(If Yes, please complete the Reduction In Force supplement (I))
J. In the next twelve (12) months, do you anticipate the total number of your employees to
decrease by more than ten percent (10%) or five (5) employees, whichever is greater,
through any reduction in force, systematic lay-off or by closure of any division, office or
facility that you own or operate? __Yes __No
(If Yes, please complete the Reduction In Force supplement (J))
K. If, during the next 12 months, circumstances of which you are currently unaware make it
necessary for you to decrease the number of your Employees by ten percent (10%) or five
(5) Employees, whichever is greater, through the implementation of any reduction in
force, systematic lay-off or by closure of any division, office or facility that you own or
operate (with any such reduction, lay-off or closure not known, anticipated or planned by
you as of the date of this Application), do you agree that you will consult with, and adopt
the advice of, a lawyer who specializes in labor and employment law (may include in-
house counsel, but only if that counsel is qualified and experienced in the practice of
labor and employment law) as respects the implementation of such reduction, lay-off or
closure?
__Yes __ No
L. Does the Applicant anticipate any merger, acquisition, or addition of any operations that
would comprise a twenty five percent (25%) or ten (10) employees, whichever is
greater, increase over the current number of employees? __Yes __No
(If Yes, please provide full details on a separate sheet)
M. Has the proposed coverage ever been purchased before, whether __Yes __No
specifically or as a part of or addition to another coverage?
Year Type of Coverage Carrier Limit Deductible Premium
N. Has any insurer ever canceled or non-renewed the Applicant or its __Yes __No
predecessor for this type of coverage?
(If Yes, please provide details on a separate sheet)
II. Financial Information
A. Please answer the following four (4) questions for the Insured Company, including its
subsidiaries, for the most recent fiscal year end:
i) What are the Applicant’s total assets? $ __________________
ii) What are the Applicant’s total gross revenues? $ __________________
Page 2 of 9