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CNA CNA PARAMOUNT Employee Benefits Liability Coverage Part - Occurrence 2. errors in providing information on past performance of investment vehicles; or 3. advice given to any person with respect to that person's decision to participate or not to participate in any plan included in the employee benefit program. G. Insufficiency of Funds any insufficiency of funds to meet any obligations under any plan included in the employee benefit program. H. Workers' Compensation and Similar Laws any failure to comply with the mandatory provisions of any workers' compensation, unemployment compensation insurance, social security or disability benefits law or any similar law. IV. LIMITS OF INSURANCE AND DEDUCTIBLE A. Limits of Insurance 1. Related Claims All related claims, whenever made, shall be considered a single claim first made during the policy period in which the earliest claim was first made. 2. Limit of insurance — each employee Subject to paragraph 2. below, the Insurer's limit of insurance for damages for all covered claims made by or behalf of any one employee including such employee's dependents or beneficiaries, shall not exceed the amount stated in the Coverage Part Declarations as "Employee Benefits Liability - each employee". 3. Limit of insurance - all claims in the aggregate The Insurer's limit of insurance for damages for all covered claims shall not exceed the amount stated in the Coverage Part Declarations as "Employee Benefits Liability — all claims in the aggregate", regardless of the number of employees. 4. Multiple insureds, claims, and claimants The limits of insurance shown in the Coverage Part Declarations and subject to the provisions of this policy, is the most the Insurer will pay as damages regardless of the number of Insureds, claims made or reported, persons or entities making claims, acts, errors or omission which result in damages or defense costs; employee benefit plans. B. Deductible The Insurer's obligation to pay damages on behalf of the Insured applies only to the amount of damages in excess of the deductible amount stated on the Coverage Part Declarations as applicable to each employee including such employee's dependents or beneficiaries. The limits of insurance shall not be reduced by the amount of this deductible. The deductible amount stated on the Coverage Part Declarations applies to all damages sustained by any one employee including such employee's dependents and beneficiaries, because of all acts, errors or omissions to which this insurance applies. The Insurer may pay any part or all of the deductible amount to effect settlement of any claim and, upon notification of the action taken, the Insured shall promptly reimburse the Insurer for such part of the deductible amount as the Insurer has paid. The Limits of Insurance of this coverage part apply separately to each consecutive annual period and to any remaining period of less than 12 months, starting with the beginning of the policy period shown in the Policy Declarations, unless the policy period is extended after issuance for an additional period of less than 12 months. In that case, the additional period will be deemed part of the last preceding period for purposes of determining the Limits of Insurance. CNA74721XX 0 1 -15 Copyright CNA All Rights Reserved. ,a Risk MmRgemerdDivisiun REVIEWED & APPROVED BY.- ruEwL� 11. Yi&4441 Risk Management Analyst