a comprehensive all risk property policy designed to safeguard its building and the contents held within; a workers compensation and employers liability policy; a directors and officers liability policy to protect the Company's officers and directors from possible risks/perils, which could arise during the course of the Company's business; an umbrella policy and a travel accident policy.
Per a review of the Company's IT system by Thomas Walker of the New Jersey Department of Banking and Insurance the disaster recovery plan appears to be adequate. However, although the Company appears to have adequate plans, they have not been tested. It is recommended that the Company adopt a regular testing schedule and document these regular tests.
FINANCIAL STATEMENTS AND OTHER EXHIBITS
The financial statements and other exhibits contained in this report are listed below:
Balance Sheet as of December 31, 2008
Summary of Operations for the Three-Year Period Ending December 31, 2008
Capital and Surplus Account for the Three-Year Period Ending December 31, 2008