Responsibility for taxes
It is the responsibility of each broker to confirm taxes prior to binding coverage. Upon binding, users will be asked to confirm and agree to the tax, the tax rate, and the tax type.
Taxes agreed to at binding should not be changed during amendments to any bound risk.
Quick tip! Work with your Accounts team member to equip colleagues with a list of taxes and tax rates applicable to those jurisdictions where your company users are authorized to transact business. Being equipped with this information can help expedite the binding order with accuracy.
Disclaimer! The Knowledge Centre covers all features of the Glide platform. Some details in this article may not be applicable to your version of Glide.