Laserfiche WebLink
insured retention" and are payable in addition to <br />any applicable limit of insurance. <br />The "Insured" agrees to reimburse us promptly <br />for amounts paid in settlement of claims or <br />"suits" to the extent that such amounts are within <br />the "self -insured retention". <br />B. You agree to arrange for the investigation, <br />defense or settlement of any claim or "suit" in <br />any country where we may be prevented by law <br />from carrying out this agreement. We will pay <br />defense expenses incurred with our written <br />consent in connection with any such claim or <br />"suit" in addition to any applicable limit of <br />insurance. We will also promptly reimburse you <br />for our proper share, but subject to the <br />applicable limit of insurance, of any settlement <br />above the "self -insured retention" made with our <br />written consent. <br />C. We will have the right to associate at our <br />expense with the "insured" or any underlying <br />insurer in the investigation, defense or <br />settlement of any claim or "suit" which in our <br />opinion may require payment hereunder. In no <br />event, however, will we contribute to the cost <br />and expenses incurred by any underlying <br />insurer. <br />SECTION III - WHO IS AN INSURED <br />A. If you are doing business as: <br />1. An individual, you and your spouse are <br />"insureds", but only with respect to the <br />conduct of a business of which you are the <br />sole owner. <br />2. A partnership or joint venture, you are an <br />"insured". Your members, your partners, and <br />their spouses are also "insureds", but only <br />with respect to the conduct of your business. <br />3. A limited liability company, you are an <br />"insured". Your members are also <br />"insureds", but only with respect to the <br />conduct of your business. Your managers <br />are "insureds", but only with respect to their <br />duties as your managers. <br />4. An organization other than a partnership, <br />joint venture or limited liability company, you <br />are an "insured". Your "executive officers" <br />and directors are "insureds", but only with <br />respect to their duties as your officers or <br />directors. Your stockholders are also <br />"insureds", but only with respect to their <br />liability as stockholders. <br />5. A trust, you are an "insured". Your trustees <br />are also "insureds", but only with respect to <br />their duties as trustees. <br />B. Each of the following is also an "insured": <br />1. Your "volunteer workers" only while <br />performing duties related to the conduct of <br />your business, or your "employees," other <br />than your "executive officers" (if you are an <br />Form XL 00 03 09 16 <br />organization other than a partnership, joint <br />venture or limited liability company) or your <br />managers (if you are a limited liability <br />company), but only for acts: <br />a. Within the scope of their employment by <br />you or while performing duties related to <br />the conduct of your business; and <br />b. Only if such "volunteer workers" or <br />"employees" are insureds under <br />"underlying insurance" with limits of <br />liability no less than stated in the <br />Schedule of Underlying Insurance <br />Policies, subject to all the coverage, <br />terms, conditions and limitations of such <br />"underlying insurance". <br />2. Any person or organization with whom you <br />agreed, because of a written contract, <br />written agreement or because of a permit <br />issued by a state or political subdivision, to <br />provide insurance such as is afforded under <br />this policy, but only with respect to your <br />operations, "your work" or facilities owned or <br />used by you. <br />This provision does not apply: <br />a. Unless the written contract or written <br />agreement has been executed, or the <br />permit has been issued prior to the <br />"bodily injury," "property damage," or <br />"personal and advertising injury"; and <br />b. Unless limits of liability specified in such <br />written contract, written agreement or <br />permit is greater than the limits shown <br />for "underlying insurance"; or <br />c. Beyond the period of time required by <br />the written contract or written <br />agreement. <br />3. Any person or organization having proper <br />temporary custody of your property if you <br />die, but only: <br />a. With respect to liability arising out of the <br />maintenance or use of that property; <br />and <br />b. Until your legal representative has been <br />appointed. <br />4. Your legal representative if you die, but only <br />with respect to his or her duties as such. <br />That representative will have all your rights <br />and duties under this policy. <br />C. With respect to "auto", any "insured" in the <br />"underlying insurance" is an "insured" under this <br />insurance policy, subject to all the limitations of <br />such "underlying insurance". <br />101 <br />Any organization you newly acquire or form, <br />other than a partnership, joint venture or limited <br />liability company, and over which you maintain <br />financial interest of more <br />stock, will qualify as an <br />�oRaN <br />} r <br />RisleManagementDMsiun <br />REVIEWED & APPROVED BY.- <br />P1. M44441 <br />Risk Management Analyst <br />