Laserfiche WebLink
Allianz Ali <br />1. The "each occurrence" limit shown in our Declarations is the most we will pay under this policy for the sum <br />of damages arising out of any one Occurrence. <br />Any amount we pay for damages arising out of an Occurrence will reduce or exhaust the amount of <br />our applicable aggregate Limit of Insurance available for payment of damages arising out of any other <br />Occurrence. <br />2. Coverage applies only in excess of the Limit of Insurance shown in our Schedule of Primary Insurance. But <br />if a Primary Policy has a limit of insurance: <br />a. Greater than the amount shown, our policy applies excess of the greater amount; or <br />J. Less than the amount shown, our policy applies excess of the amount shown in our Schedule of Primary <br />Insurance. <br />3. If the limit of insurance of a Primary Policy is: <br />a. Reduced; or <br />b. Exhausted; <br />by payment of judgments or settlements arising out of Occurrences, our policy will apply in excess of such <br />reduced or exhausted limit of insurance. <br />C. AGGREGATE LIMIT - The Limit of Insurance shown in our Declarations as "aggregate" is the most we will pay <br />under the policy for the sum of damages. Our aggregate limit will apply only when a Primary Policy applies an <br />aggregate limit, and will apply on the same basis as a Primary Policy. <br />D. POLICY PERIOD EXTENSIONS - If we extend our Policy Period after this policy is issued, we will consider the <br />additional period as part of the last preceding annual period for purposes of determining the Limits of Insurance. <br />E. SAME BASIS DEFENSE EXPENSES - If the limits of insurance of any Primary Policy or Other Insurance <br />are reduced by defense expenses by the terms of that policy then any defense expense payments we make to <br />defend any Insured or reimbursement we make to any Insured for defense expenses will reduce our applicable <br />Limits of Insurance. <br />SECTION IV - EXCLUSIONS <br />This policy does not apply: <br />A. ASBESTOS -To any liability arising, in whole or in part, out of or in anyway related to Asbestos. <br />B. E.R.I.S.A. -To any liability of any Insured under, or any claim based upon: <br />1. The Employees' Retirement Income Securities Act (E.R.I.S.A.) of 1974 and any amendment thereto; or <br />2. Similar provisions of any federal, state, or local statutory law or common law. <br />C. DAMAGE TO PROPERTY - To property damage to real or personal property in the care, custody or control of <br />any Insured, including any costs or expenses incurred by you or any other person or organization for repair, <br />replacement, enhancement, restoration or maintenance of such property for any reason, including prevention of <br />injury to a person or damage to another's property. <br />D. EMPLOYMENT PRACTICES - To any liability arising out of any employment -related or personnel practices, <br />policies, acts or omissions. This includes, but is not limited to: <br />1. Refusal to employ; <br />2. Termination of employment; <br />3. Coercion, criticism, demotion, failure to promote, evaluation, reassignment, discipline, defamation, self - <br />defamation, harassment, humiliation, discrimination, libel, slander, false arrest and imprisonment, or violation <br />of a person's right of privacy; or <br />4. Any consequential injury or damages as a result of 1., 2, or 3. above. <br />530206 19 <br />Copyright © 2002 Allianz Global Risks US Insuanne Company. All rights reserved. <br />WekMmvgrnwrt Diwian <br />,Iti,� REvIEWM&APPROV®9Y: <br />�; f�:Z,4 Z MA441d <br />Risk Management Analyst <br />