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SABP, INC.
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Last modified
5/3/2024 11:55:56 AM
Creation date
5/3/2024 11:37:40 AM
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Template:
Contracts
Company Name
SABP, INC.
Contract #
N-2024-150
Agency
Public Works
Expiration Date
10/2/2024
Insurance Exp Date
5/20/2025
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COMMERCIAL GENERAL LIABILITY <br />CG 20 34 04 13 <br />THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />ADDITIONAL INSURED -LESSOR OF LEASED <br />EQUIPMENT - AUTOMATIC STATUS WHEN <br />REQUIRED IN LEASE AGREEMENT WITH YOU <br />This endorsement modifies insurance provided under the following: <br />COMMERCIAL GENERAL LIABILITY COVERAGE PART <br />A. Section II - Who Is An Insured is amended to <br />include as an additional insured any per- <br />son(s) or organization(s) from whom you <br />lease equipment when you and such per- <br />sons) or organization(s) have agreed in writ- <br />ing in a contract or agreement that such per- <br />son(s) or organization(s) be added as an <br />additional Insured on your policy. Such per- <br />son(s) or organization(s) is an Insured only <br />with respect to liability for "bodily injury", <br />"property damage" or "personal and adver- <br />tising injury" caused, in whole or in part, by <br />your maintenance, operation or use of equip- <br />ment leased to you by such person(s) or or- <br />ganization(s). <br />However, the insurance afforded to such ad- <br />ditional insured: <br />1. Only applies to the extent permitted by <br />law; and <br />2. Will not be broader than that which you <br />are required by the contract or agreement <br />to provide for such additional insured. <br />A person's or organization's status as an ad- <br />ditional insured under this endorsement ends <br />when their contract or agreement with you <br />for such leased equipment ends. <br />B. With respect to the Insurance afforded to <br />these additional insureds, this insurance does <br />not apply to any "occurrence" which takes <br />place after the equipment lease expires. <br />C. With respect to the insurance afforded to <br />these additional insureds, the following is <br />added to Section III -Limits Of Insurance: <br />The most we will pay on behalf of the addi- <br />tional insured is the amount of insurance: <br />1. Required by the contract or agreement <br />you have entered into with the additional <br />insured; or <br />2. Available under the applicable Limits of <br />Insurance shown in the Declarations; <br />whichever is less. <br />This endorsement shall not increase the ap- <br />plicable Limits of Insurance shown in the Dec- <br />larations. <br />Wek Mmugm,nd DWinn <br />Re EWES & APPROVED BY. <br />�. <br />® Risk Managemen[Spedalis[ <br />CG 20 34 04 113 0 Insurance Services Office, Inc., 2012 Page I or i <br />
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