GVHR » Topics » Dependence on Key Vendors

These excerpts taken from the GVHR 10-K filed Mar 16, 2009.

Dependence on Key Vendors

 

The maintenance of insurance plans including workers’ compensation and health that cover client employees is a significant part of the Company’s business. The current contracts are provided by vendors on terms that the Company believes to be favorable. While the Company believes that replacement contracts could be obtained on competitive terms with other carriers, such replacement could cause a significant disruption to the Company’s business resulting in a decrease in client retention and general dissatisfaction with the Company’s service offering. This, in turn, could have a material adverse effect on the Company’s future results of operations, financial condition, and cash flows.

 

Dependence on Key Vendors



 



The maintenance of insurance plans including workers’ compensation and
health that cover client employees is a significant part of the Company’s
business. The current contracts are provided by vendors on terms that the
Company believes to be favorable. While the Company believes that replacement
contracts could be obtained on competitive terms with other carriers, such
replacement could cause a significant disruption to the Company’s business
resulting in a decrease in client retention and general dissatisfaction with
the Company’s service offering. This, in turn, could have a material adverse
effect on the Company’s future results of operations, financial condition, and
cash flows.



 



Dependence on Key Vendors



 



The maintenance of insurance plans including workers’ compensation and
health that cover client employees is a significant part of the Company’s
business. The current contracts are provided by vendors on terms that the
Company believes to be favorable. While the Company believes that replacement
contracts could be obtained on competitive terms with other carriers, such
replacement could cause a significant disruption to the Company’s business
resulting in a decrease in client retention and general dissatisfaction with
the Company’s service offering. This, in turn, could have a material adverse
effect on the Company’s future results of operations, financial condition, and
cash flows.



 



EXCERPTS ON THIS PAGE:

10-K (3 sections)
Mar 16, 2009
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