Laserfiche WebLink
PI-GLD-MK (03112) <br />H. Employee Indemnification Defense Coverage <br />SECTION I —COVERAGES, SUPPLEMENTARY PAYMENTS —COVERAGES A AND B the <br />following is added: <br />We will pay, on your behalf, defense costs incurred by an "employee' in a criminal proceeding <br />occurring in the course of employment <br />The most we will pay for any 'employee" who is alleged to be directly involved in a criminal <br />proceeding is $25,000 regardless of the numbers of "employees." claims or "suits" brought or <br />persons or organizations making claims or bringing "suits" <br />1. Additional Insureds <br />SECTION 11— WHO IS AN INSURED is amended as follows <br />Each of the following is also an Insured, <br />1. Managers and Supervisors — Your managers and supervisors are also insureds, but only <br />with respect to their duties as your managers and supervisors. Managers and supervisors who <br />are your "employees" are also insureds for"bodily Injury" to a co -'employee" while in the course <br />of his or her employment by your or performing duties related to the conduct of your business <br />This provision does not change Item 2 a (1)(a) as it applies to managers of a limited liability <br />company <br />2. Broadened Named Insured — Any organization and subsidiary thereof which you control and <br />actively manage on the effective date of this Coverage Part However, coverage does not apply <br />to any organization or subsidiary not named In the Declarations as Named Insured, if they are <br />also Insured under another similar policy. but for its termination or the exhaustion of its limits of <br />insurance <br />3, Funding Source — Any person or organization with respect to their liability arising out of: <br />a. Their financial control of you. or <br />b. Premises they own, maintain or control while you lease or occupy these premises <br />This Insurance does not apply to structural alterations, new construction and demolition <br />operations performed by or for that person or organization. <br />4. Managers, Landlords, or Lessors of Premises — Any person or organization with respect to <br />their liability arising out of the ownership, maintenance or use of that part of the premises leased <br />or rented to you subject to the following additional exclusions <br />This Insurance does not apply to: <br />a, Any "occurrence" which takes place after you cease to be a tenant In that premises; or <br />b. Structural alterations, new construction or demolition operations performed by or on behalf of <br />that person or organization <br />S. Lessor of Leased Equipment —Automatic Status When Required in Lease Agreement <br />With You — Any person or organization from whom you lease equipment when�yyou and such <br />person or organization have agreed in writing in a contract or agreement that sIBC&�(Wd R) & APPROVED <br />Page 5 of 0 By Risk MANAGEM eN1 Division, <br />Includes copyrighted material of Insurance Services Office, Inc . with permission n <br />© 2012 Philadelphia Indemnity Insurance Company UL 2 u 2029 <br />PI(,ANC 1N It. VIL AIlEAL <br />