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THE LIBRARY CORPORATION (2)
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THE LIBRARY CORPORATION (2)
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Last modified
7/15/2019 5:10:45 PM
Creation date
3/28/2019 10:06:52 AM
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Template:
Contracts
Company Name
THE LIBRARY CORPORATION
Contract #
A-2019-034
Agency
Parks, Recreation, & Community Services
Council Approval Date
3/5/2019
Expiration Date
6/17/2020
Insurance Exp Date
5/8/2020
Destruction Year
2025
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7. BROADENED PROPERTY DAMAGE —BORROWED EQUIPMENT, CUSTOMERS' GOODS AND USE OF <br />ELEVATORS <br />The insurance for "property damage" liability is subject to the following: <br />a. The Damage To Property exclusion under Section I Coverage A is amended as follows: <br />1. The exclusion for personal property in the care, custody or control of the insured does not apply to <br />'property damage" to equipment you borow while at a job site and provided it is not being used by <br />anyone to perform operations at the time of loss. <br />2. The exclusions for <br />(a) Property loaned to you; <br />(b) Personal property in the care, custody or control of the insured; and <br />(c) That particular part of any property that must be restored, repaired or replaced because 'your <br />work"was incorrectly performed on it <br />do not apply to'property damage"to'bustomers' goods" while on your premises nor do they apply to <br />'property damage"arising from the use of elevatom at premises you own, rant, lease or occupy. <br />Subject to the Each Occurrence Limit, the most we will pay for 'property damage"to "Customers' <br />Goods" is $35,000 per'bccurence". <br />b. Under Section V — Definitions, the following definition is added: <br />"Customers' Goods" means goods of your customer on your premises for the purpose of being; <br />1. Repaired; or <br />2. Used in your manufacturing process. <br />c. The insurance afforded by this provision is excess over any other valid and collectible property insurance <br />(including any deductible) available to the insured whether such insurance is primary, excess, contingent <br />or on any other basis. Any payments by us will follow the Other Insurance — Excess provisions in the <br />COMMERCIAL GENERAL LIABILITY CONDITIONS. <br />8. COVERAGE TERRITORY -WORLDWIDE <br />The definition of'toverage territory" is replaced by the following: <br />'Coverage torditory"means anywhere provided the insured's responsibility to pay damages must be <br />determined in a settlement we agree to or in a "sutt"on the merits brought within the United States of <br />America (including its territories and possessions), Puerto Rico or Canada. <br />9. DUTIES IN THE EVENT OF OCCURRENCE, OFFENSE, CLAIM OR SUIT <br />Section IV - Duties In The Event Of Occurrence, Claim or Suit is amended by adding the following <br />paragraphs: <br />a. The requirements that you must <br />1. notify us of an'becurmnce"offense, clam or "Sulf'and <br />2. send us documents concerning a ciakn or'huif' <br />apply only when such "hociderd"clall'buR"or'foil is known to, <br />1. You, if you are an individual; <br />2. A partner, if you are a partnership; <br />3. An executive officer of the corporation or insurance manager, if you area corporation; or <br />4. A manager, K you are a limited liability company. , N <br />b. The requirement that you must notify us as soon as practicable of an'becurence," off� 6\tha y <br />result in a claim does not apply if you report an'bccurrence"to your workers nsatiod u ich <br />later develops into a liability claim for which coverage is provided by this poll owgas you <br />have definite knowledge that the particular'bccurence" is a tiabililly claim rather than a <br />compensation claim, you must comply with the Duties In The Event Of Occur In \� _ �q it �m Or <br />Suit Condition. In k <br />VCG 20711 13 Includes copyrighted material of Insurance Services Office, Inc. Page 4 of 8 <br />Copyright, OneBeacon Insurance Group LLC <br />
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