PRO SAFETY & RESCUE, INC. - Laserfiche WebLink

Home Browse Search

13.Mediation and Deductible Credit: If the INSURED and the Company agree to use Mediation to resolve a covered CLAIM, and is completely resolved by such Mediation,the INSURED's Deductible obligation will be reduced by 75%,subjectto a maximum monetary reduction of$35,000. For the purpose of this paragraph, Mediation means a non-binding process where a neutral panel of individuals assist the parties to reach their own settlement.When this occurs,we will reimburse the NAMED INSURED as soon as practical for any qualifying deductible amountwhich was already paid by the NAMED INSURED prior to the Mediation. 14. Minimum Earned Premium: If this Policy is cancelled at the request of any NAMED INSURED, the total retained by the Company shallnot be less than 15.Nonrenewal:The Company may non-renew this Policy by mailing or delivering to the NAMED INSURED at the address stated on the Declarations Page,or any endorsement amending the Declarations Page,written notice of nonrenewal at least sixty, (60)days before the expiration date of this Policy. The offer of Policy terms, conditions or premium different than those in effect prior to renewal, shall not constitute non-renewal. 16. Other Insurance: Commercial General Liability Coverage Only: a. Primary Insurance:This insurance is primary except when b.below applies. b. Excess Insurance: (1) This insurance is excess over any, other insurance, whether primary, excess, contingent or on any, other basi s: (a) That is Fire, Extended Coverage, Builder's Risk, Installation Risk or similar coverage for "your work"; (b) That is Fire insurance for premises rented to you or temporarily occupied by you with permission of the owner; (c) That is insurance purchased by you to cover your liability as a tenant for "property damage" to premises rented to you or temporarily occupied by you with permission of the owner; (d) If the loss arises out of the maintenance or use of aircraft, "auto" or watercraft to the extent not subject to Exclusion g. of Coverage A(SECTION 1); or (e) That is valid and collectible insurance available to you under any .other policy. (2)When this insurance is excess,we will have no duty under Coverages A or B to defend the insured against any"suit"if any other insurer has a duty to defend the insured against that"suit."If no other insurer defends,we will undertake to do so, but we will be entitled to the insured's rights against all those other insurers. (3) When this insurance is excess over other insurance, we will pay only the amount of the loss, if any, that exceeds the sum of- (a) The total amount that all such other insurance would pay for the loss in the absence of this insurance;and (b)The total of all deductible and self-insured amounts under all other insurance. If a loss occurs involving two or more policies,each of which states that its insurancewill be excess, then our policy will contribute on a pro rata basis. All Other Coverage Parts except the Environmental Impairment Liability Coverage Part:If any part of either LOSS or CLAIMS EXPENSE are covered under this Policy and any other valid and collectible current,prior or subsequent Policy(ies)issued by any, other insurer,this Policy shall provide coverage for such LOSS or CLAIMS EXPENSE on a pro rata basis with such other policy according to the applicable Limits of Liability of the applicable Coverage Part and such other policy. This coverage shall apply on an excess basis over any and all Pro)ect Specific Policies. VP E 201(6/22) Page 8 of 10 ©2022 Virtue Risk Partners, LLC