AVEVA SELECT CALIFORNIA - Laserfiche WebLink

Home Browse Search

USCO0873025U Afflanz �11 3. AGGREGATE LIMIT - The Limit of Insurance shown in our Declarations as "aggregate" is the most we will pay under Coverage B, and applies separately for each of the following: a. GENERAL AGGREGATE -Our aggregate limit is the most we will pay for the sum of damages except for damages under subsections b. and c. below. b. PRODUCTS AND COMPLETED OPERATIONS AGGREGATE -Our aggregate limit is the most we will pay for damages included in the Products -Completed Operations Hazard. c. OCCUPATIONAL DISEASE AGGREGATE - Our aggregate limit is the most we will pay for damages arising out of injury by disease to your officers or Employees. 4. POLICY PERIOD EXTENSIONS - The Limits of Insurance of this policy apply separately to each consecutive annual period and to any remaining period of less than twelve (12) months, starting with the beginning of the Policy Period shown in the Declarations. However, if we extend our Policy Period after this policy is issued, we will consider the additional period as part of the last preceding period for purposes of determining the Limits of Insurance. 5. SAME BASIS DEFENSE EXPENSES - If the limits of Insurance of any Primary Insurance or Other Insurance are reduced by defense expenses by the terms of that policy then any defense expense payments we make to defend any Insured will reduce our applicable Limits of Insurance in the same manner. SECTION III. SUPPLEMENTARY PAYMENTS When we have the duty under this policy to defend any Insured against any Suit, we will pay the following expenses in addition to our Limit of Insurance to the extent that they are not covered by Primary Insurance or Other Insurance by the terms of that insurance: 1. Costs taxed against any Insured in the Suit. 2. Up to $2000 for cost of bail bonds required. We do not have to furnish these bonds. 3. The cost of bonds to release attachments, but only for bond amounts within our applicable Limit of Insurance. We do not have to furnish these bonds. 4. Reasonable expenses incurred by any Insured when we request the Insured to assist us in the investigation of the claim or defense of the Suit. This includes actual loss of earnings up to $500 a day, because of time off from work. 5. Prejudgment interest awarded against any Insured on that part of the judgment we pay. If we make an offer to pay the applicable Limit of Insurance we will not pay any prejudgment interest based on that period of time after the offer. 6. All interest on the full amount of any judgment that accrues after entry of the judgment and before we have paid, offered to pay, or deposited in court the part of the judgment that is within our applicable Limit of Insurance. SECTION IV. CONDITIONS A. APPEALS - If any Primary Insurer elects not to appeal a judgment in excess of the amount of the Primary Insurance or Other Insurance, we may elect to appeal. If we appeal, we will pay the expenses of such appeal. Such payments will not reduce our Limits of Insurance. B. BANKRUPTCY 1. Bankruptcy or insolvency of any Insured or Insured's estate does not relieve us of our obligations under this policy. 2. If any Primary Insurer becomes bankrupt or insolvent, this policy: a. Does not replace such Primary Insurance; and 5400 0619 Copyright 0 2g03 Manz Global Risks US Insurance Company. All rights reserved. Page 14 of 24