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UMBRELLA maintain an ownership interest of more than the date, if any, during the policy period, that 50%, on the first day of the policy period is an you no longer maintain an ownership interest insured and will qualify as a Named Insured. No of more than 50% in such organization. such organization is an insured or will qualify as 3.Any organization you newly acquire or form, a Named Insured for "bodily injury" or "property other than a partnership, joint venture or damage" that occurred, or "personal injury" or limited liability company, and of which you are "advertising injury" caused by an offense the sole owner, or in which you maintain an committed after the date, if any, during the ownership interest of more than 50%, if there policy period, that you no longer maintain an is no other similar insurance available to that ownership interest of more than 50% in such organization. However: organization. a. Coverage under this provision is afforded 5. Any organization you newly acquire or form, only until the 180th day after you acquire other than a partnership, joint venture or limited or form the organization or the end of the liability company, and of which you are the sole policy period, whichever is earlier; and owner, or in which you maintain an ownership b. Coverage for such organization does not interest of more than 50%, is an insured and apply to "crisis management service will qualify as a Named Insured if there is no expenses" arising out of a "crisis other similar insurance available to that management event" that occurred before organization. However: you acquired or formed the organization, a. Coverage under this provision is afforded even if an "executive officer" only first only until the 180th day after you acquire or becomes aware of an "event" or form the organization or the end of the "occurrence" that leads to such "crisis policy period, whichever is earlier; and management event" after the date you acquired or formed the organization. b. Coverage for such organization does not apply to: No person or organization is an insured or will qualify as a Named Insured with respect to the (1) "Bodily injury" or "property damage" conduct of any current or past partnership, joint that occurred; or venture or limited liability company that is not (2) "Personal injury" or "advertising injury" shown as a Named Insured in the Declarations. arising out of an offense committed; SECTION Ill - LIMITS OF INSURANCE before you acquired or formed the A. The Limits of Insurance shown in the Declarations organization. and the rules below fix the most we will pay for the No person or organization is an insured or will amounts described below to which this insurance qualify as a Named Insured with respect to the applies regardless of the number of: conduct of any current or past partnership, joint 1. Insureds; venture or limited liability company that is not shown as a Named Insured in the Declarations. This 2. Claims made or "suits" brought; paragraph does not apply to any such partnership, 3. Number of vehicles involved; joint venture or limited liability company that otherwise qualifies as an insured under Paragraph 4. Persons or organizations making claims or B. of SECTION II - WHO IS AN INSURED. bringing "suits"; or C. COVERAGE C CRISIS MANAGEMENT 5. Coverages provided under this insurance. SERVICE EXPENSES As indicated in Paragraph D.1. of SECTION I - With respect to Coverage C, the following persons COVERAGES, for any "suit" for which we have and organizations are insureds and will qualify as the right and duty to defend the insured under Named Insureds: Coverage A, defense expenses will be within the 1. The Named Insured shown in the Declarations. limits of insurance of this policy when such expenses are within the limits of insurance of the 2. Any organization, other than a partnership, joint applicable "underlying insurance". venture or limited liability company, of which you are the sole owner, or in which you B.The General Aggregate Limit is the most we will maintain an ownership interest of more than pay for the sum of all: 50%, on the first day of the policy period. No 1. Damages; and such organization is an insured or will qualify as 2. Defense expenses if such expenses are a Named Insured for "crisis management within the limits of insurance of this policy; service expenses" arising out of a "crisis management event" that first commences after except: Page 6 of 22 © 2016 The Travelers Indemnity Company. All rights reserved. EU 00 01 0716