ECOTIERRA CONSULTING, INC. - Laserfiche WebLink

Home Browse Search

ENV-3240 (10-21)Page 2 of 2 (334261.2) has issued occurrence-based Contractors Pollution Liability coverage to the insured over successive policy periods, and, if the date of such first exposure cannot be conclusively determined, but the indivisible, progressive bodily injury or property damage continues to exist during the Insurer's successive periods of coverage, the bodily injury or property damage shall be deemed to have occurred only on the effective date of the first, relevant contractors pollution coverage issued by the Insurer. The General Aggregate Limit shown in the Declarations will be the most we will pay pursuant under all Coverage Parts of this policy, including payments for damages,emergency response expense and Supplementary Payments afforded by the Contractor’s Pollution Liability Coverage Part. The Limits of Insurance apply to the policy period shown in the Declarations or as amended by endorsement. The deductible amount stated on the Declarations is applicable to each pollution condition or emergency response expense. The deductible amount applies once to each pollution condition or emergency response expense and applies to defense expenses, investigation, settlement, compromise, or indemnification. We, at our sole election and option, may either: 1.Pay any part of the deductible amount to effect settlement or expense of any claim, and upon notification of the action taken, you shall promptly reimburse us for such part of the deductible amount that has been paid by us; or 2.Simultaneously upon receipt of notice of any claim or at any time thereafter, call upon you to pay or deposit with us all or any part of the deductible amount, to be held and applied by us at our sole discretion. If a claim has not entered into litigation, and we and the Named Insured mutually agree to mediation as a means to settle a claim made against the insured, and if such claim is settled as a direct result of and during the mediation, the deductible stated in the Declarations or applicable endorsement(s) shall be waived up to a maximum of $25,000. When this occurs, we will reimburse the Named Insured as soon as practical for any qualifying deductible amount which was already paid by the Named Insured prior to the mediation. All other terms and conditions remain the same.