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PREMO CONSTRUCTION, INC
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Last modified
10/2/2024 3:06:33 PM
Creation date
10/2/2024 3:06:07 PM
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Contracts
Company Name
PREMO CONSTRUCTION, INC
Contract #
P 24-6985
Agency
Public Works
Insurance Exp Date
3/6/2025
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6. Our duty to contractually indemnify the additional insured under an "insured contract" pursuant to <br />this endorsement shall be limited to that sum derived by applying the percentage of fault of the <br />Named Insured as determined by the trier the trier -of -fact to the total damage sum allocated by the <br />trier -of -fact to the "additional insured," Under no circumstances shall we pay more than this <br />proportionate contractual indemnity share required of the policyholder in the "insured contract." <br />7. Any contractual indemnity payments made on behalf of any additional insured under an "insured <br />contract' shall reduce the applicable limits of insurance on a dollar for dollar basis. Any contractual <br />indemnity payments paid to or on behalf of the "additional insured" pursuant to this endorsement <br />are subject to the terms, conditions and limitations of the policy. <br />8. This endorsement does not create a duty on our part to defend the additional insured or to <br />participate in, contribute to, or reimburse any person, organization or entity for any fees or expenses <br />incurred in the defense of the "additional insured." <br />SECTION IV - COMMERCIAL GENERAL LIABILITY CONDITIONS, Condition 2. Duties In The Event <br />Of Occurrence, Offense, Claim Or Suit of the policy is amended to include: <br />An additional insured under this endorsement shall in addition to complying with all provisions of the <br />policy: <br />1. Give written notice to us of an occurrence or an offense which may result in a claim or "suit' within <br />thirty (30) days of notice to the "additional insured." <br />2. Give written notice to us of a claim or "suit' brought against the "additional insured" within thirty (30) <br />days of the additional insured being served with the claim or "suit." <br />3. Give written notice to any other insurer who has or may have coverage under its policy or policies <br />for a claim, "suit" or demand for defense or indemnity within thirty (30) days of the "additional <br />insured" being served with the claim, "suit' or demand for defense or indemnity. Such notice must <br />demand the full coverage available under the policy. The "additional insured" will not take any action <br />to waive or limit such other coverage available to it. <br />4. Obtain and provide to us copies of each and every policy from each and every insurer identified <br />pursuant to the preceding paragraph. <br />The following is added to SECTION V - DEFINITIONS: ADDITIONAL INSURED <br />"Additional insured" means any person or organization that the Named Insured has agreed in an <br />"insured contract" to name as an "additional insured" and has been named or identified by description <br />in an "additional insured" endorsement issued and attached to the policy. Coverage is afforded under <br />this policy for an additional insured for Coverage A liability only. <br />"Bodily injury" and "property damage" coverage is afforded to the "additional insured(s)" as provided in <br />the insuring agreement and subject to all policy provisions, provided that the "bodily injury" or "property <br />damage" also: <br />1. First takes place after the execution of the "insured contract"; and <br />2. Arises from "your work" performed for the "additional insured"(s) during the policy period or arises <br />from "your" "ongoing operations." <br />All other Terms and Conditions of this Policy remain unchanged <br />DGL 1067 1219 <br />a ��sti�E <br />Risk MRnAgernetztDivisian <br />REVIEWED & APPROVED BY. - <br />Risk ManagementSpeci4ist <br />
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