Laserfiche WebLink
CNA CNA PARAMOUNT <br />Technology Property Extension Endorsement <br />Administrative Error Coverage <br />1. The Insurer will pay for loss of or damage to media caused by or resulting from an <br />administrative error. <br />2. To the extent time element coverage is applicable, the Insurer will pay, as provided, for: <br />the actual loss of business income the Named Insured sustains during the period of <br />restoration due to the necessary suspension or delay of operations; <br />b. the actual loss of research and development business income the Named Insured <br />sustains during the period of restoration due to the necessary suspension or delay of <br />research and development projects; and <br />C. extra expense, <br />due to loss of or damage to media caused by or resulting from an administrative error. <br />3. The most the Insurer will pay for all loss, damage or expense under this additional coverage in <br />each occurrence is the Administrative Error Coverage limit of insurance shown in the above <br />SCHEDULE. <br />4. The Errors and Defects Excluded Peril under the EXCLUSIONS section of the Business <br />Property Coverage Part does not apply, but only to the extent of the coverage provided under <br />this additional coverage. <br />Contaminated and Reduced Quality Stock Coverage <br />1. Governmental Authority <br />a. If as a result of direct physical loss of or damage to covered property at a location or <br />reported unspecified location caused by a covered peril undamaged stock is <br />declared contaminated by, or on behalf of, an authorized governmental authority, the <br />Insurer will consider such stock physically damaged from such covered peril. <br />N <br />O <br />O <br />O <br />b. The amount the Insurer will pay for such undamaged stock under this Contaminated <br />and Reduced Quality Stock Coverage — Governmental Authority at any one <br />location or reported unspecified location for any one occurrence is included within <br />the applicable Personal Property Coverage or Personal Property — Stock Only <br />Coverage limit of insurance shown in the Business Property Schedule of Locations. <br />C. The Governmental Action Excluded Peril under the EXCLUSIONS section of the <br />Business Property Coverage Part does not apply, but only to the extent of the <br />coverage provided under this Contaminated and Reduced Quality Stock Coverage — <br />Governmental Authority. <br />2. Quality Standards <br />a. If as a result of direct physical loss of or damage to covered property at a location or <br />reported unspecified location caused by a covered peril: <br />CNA62665XX (10-15) Po <br />Page 5 of 11 EndorsemE Risk MwaganadDiMiskm <br />VALLEY FORGE INSURANCE COMPANY Effectiv op ,�, r, RE�AEWED&APPROVED BY. - <br />Insured Name: LYRASIS INC f ;" P'. VSA44a <br />Copyright CNA All Rights Reserved. ` Risk Management Analyst <br />