When calculating your colonies remember to include all 'Nucs' and any likely increases you expect through the season. Failure to insure all your colonies at the time of a claim will reduce the compensation paid.
Premiums are paid in respect of the calendar year, 01 January to 31 December, irrespective of the date on which they are actually paid. However, cover will not commence until 40 days have elapsed from the payment of the premium, where such payment is made after 31st March. This is known as the 40-day rule.