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ECONOMICS, INC (2)
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ECONOMICS, INC (2)
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Last modified
4/27/2021 8:30:17 AM
Creation date
7/27/2020 9:15:25 AM
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Contracts
Company Name
ECONOMICS, INC
Contract #
A-2020-127
Agency
PUBLIC WORKS
Council Approval Date
6/16/2020
Expiration Date
6/30/2021
Insurance Exp Date
10/1/2021
Destruction Year
2026
Notes
N-2019-080
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COMMERCIAL GENERAL LIABILITY <br />CG 21 87 01 15 <br />19:1M=101big] :4-.i=1Jil=1011 Kai: /_10rcl*S9:I=8191IrWA»=r_E.'1=1:»_1U11Ke7_1:7=11U4WA <br />CONDITIONAL EXCLUSION OF TERRORISM <br />(RELATING TO DISPOSITION OF FEDERAL TERRORISM <br />RISK INSURANCE ACT) <br />This endorsement modifies insurance provided under the following: <br />COMMERCIAL GENERAL LIABILITY COVERAGE PART <br />LIQUOR LIABILITY COVERAGE PART <br />OWNERS AND CONTRACTORS PROTECTIVE LIABILITY COVERAGE PART <br />POLLUTION LIABILITY COVERAGE PART <br />PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART <br />RAILROAD PROTECTIVE LIABILITY COVERAGE PART <br />UNDERGROUND STORAGE TANK POLICY <br />A. Applicability Of The Provisions Of This En- <br />dorsement <br />1. The provisions of this endorsement be- <br />come applicable commencing on the <br />date when any one or more of the fol- <br />lowing first occurs. But if your policy <br />(meaning the policy period in which this <br />endorsement applies) begins after such <br />date, then the provisions of this endorse- <br />ment become applicable on the date <br />your policy begins. <br />a. The federal Terrorism Risk Insur- <br />ance Program ("Program"), estab- <br />lished by the Terrorism Risk Insur- <br />ance Act, has terminated with <br />respect to the type of insurance pro- <br />vided under this Coverage Part or <br />Policy; or <br />b. A renewal, extension or replacement <br />of the Program has become effective <br />without a requirement to make ter- <br />rorism coverage available to you <br />and with revisions that: <br />(1) Increase our statutory percent- <br />age deductible under the Pro- <br />gram for terrorism losses. (That <br />deductible determines the <br />amount of all certified terrorism <br />losses we must pay in a calen- <br />dar year, before the federal gov- <br />ernment shares in subsequent <br />payment of certified terrorism <br />losses.); or <br />(2) Decrease the federal govern- <br />ment's statutory percentage <br />share in potential terrorism <br />losses above such deductible; <br />or <br />CG 21 87 01 15 <br />(3) Redefine terrorism or make in- <br />surance coverage for terrorism <br />subject to provisions or require- <br />ments that differ from those <br />that apply to other types of <br />events or occurrences under <br />this policy. <br />2. If the provisions of this endorsement be- <br />come applicable, such provisions: <br />a. Supersede any terrorism endorse- <br />ment already endorsed to this policy <br />that addresses "certified acts of ter- <br />rorism" and/or "other acts of terror- <br />ism", but only with respect to an in- <br />cident(s) of terrorism (however <br />defined) which results in injury or <br />damage that occurs on or after the <br />date when the provisions of this en- <br />dorsement become applicable (for <br />claims made policies, such an en- <br />dorsement is superseded only with <br />respect to an incident of terrorism <br />(however defined) that results in a <br />claim for injury or damage first be- <br />ing made on or after the date when <br />the provisions of this endorsement <br />become applicable); and <br />b. Remain applicable unless we notify <br />you of changes in these provisions, <br />in response to federal law. <br />3. If the provisions of this endorsement do <br />NOT become applicable, any terrorism <br />endorsement already endorsed to this <br />policy, that addresses "certified acts of <br />terrorism" and/or "other acts of terror- <br />ism", will continue in effect unless we <br />notify you of c <br />ment in respons <br />Insurance Services Office, Inc., 2015 <br />Risk MaraWement I] Dim <br />3, REVIEWED & APPRov® 8v- <br />{ <br />Risk N1anagement Analyst <br />
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