Laundry Owners Mutual Liability Insurance Association is committed to treating and using personal financial information about you and your employees responsibly. We will not disclose non-public personal financial information about you or your employees to anyone except as authorized by you or required by law.
This notice describes our policies and practices for collecting, handling and protecting personal information.
We will inform each policyholder of our privacy policy for as long as they are insured with Laundry Owners Mutual. We will continually review our privacy policy and monitor our business practices to help ensure the security of personal information about you and your employees. Due to changing circumstances it may become necessary to revise our privacy policy in the future. Should such a change be required, we will notify all affected policyholders in writing in advance of the change.
COLLECTING INFORMATION
We collect non-public personal financial information from you about you and your employees to properly maintain and service your policy. This non-public personal financial information may come from the following sources:
Application Information and Other Forms – On the application for insurance or other forms complete by you, your provide us with the most of the information we need to process policies and claims.
Transaction Information – We may develop information about you and your employees based upon transactions and experiences you have with us or others.
Third Party Information ? This is the information that we receive to verify or supplement your application or claims for your employees.
DISCLOSING INFORMATION
In the course of conducting business and as permitted or required by law, we do not disclose any non-public personal financial information about you or your employees to any non-affiliated third parties, except for the conduct of our business or as permitted or required by law. Information may be supplied to others providing business services to us. Additionally we may provide information for audit, legal or research purposes or to law enforcement agencies to help us prevent fraud.
SECURING INFORMATION
We restrict access to non-public personal financial information about you and your employees to our employees who need to know the information necessary to provide products and services to you. We maintain physical, electronic and procedural safeguards that comply with applicable regulations to guard the non-public personal financial information of you and your employees.