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Commercial Umbrella Liability Policy ZURICH There are provisions in this policy that restrict coverage. Read the entire policy carefully to determine your rights, duties and what is and is not covered. Throughout this policy the words "you' and "your" refer to the Named Insured shown in the Declarations, and any other person or organization qualifying as a named insured under this policy. The words "we", "us" and "our' refer to the company providing this insurance. The word insured means any person or organization qualifying as such in SECTION V. DEFINITIONS of this policy. Words and phrases that are printed in bold -face type are defined in this policy. These definitions are found in SECTION V. DEFINITIONS of this policy or in the specific policy provision where they appaa'r.. : In consideration of the payment of the premium and in reliance upon :& statemeiits:in the Declarations and in accordance with the provisions of this policy we agree with you to provide c6i.erage as folloWSi :. Insuring Agreements SECTION I. COVERAGE A. Coverage A - Excess Follow Form Liability Insurance Under Coverage A, we will pay on behalf of the insured those damages covered'gy t7)js insurance in excess of the total applicable limits of underlying insurance. With respect toCoVW;kge A, this policy includes: 1. The terms and conditions of underlying insurance to the extent su.ch:terms and conditions are not inconsistent or do not conflict with the terms and conditions referredilibin Patagrapli:2.:tielow; and 2. The terms and conditions that apply to Coverage 14 of this poky. Notwithstanding anything to the contrary contain®d above, if under[ying_fnsurance does not apply to damages, for reasons other than exhaustion of applicable U.iiits:of Insurance'by'payment of loss, then Coverage A does not apply to such damages. Also, Coverage A ddeik:dot apply to any form of casualty business crisis expense insurance even if such insurantg�is.af dfded under uri4erlying insurance or would have been afforded except for the exhaustion of the Underlying insurance. ..... ...... B. Coverage B - Umbrella *Liability Insurance:::::::. Under Coverage B;_.We will pay on behalf of the insured those damages the insured becomes legally obligated to pay by reason of:liabll$yl::: 1. Imposed by law becaUS.: of bodily injury,::property damage, or personal and advertising injury; or 2. Assumed under an instirecd:contract because of bodily injury or property damage; covered by this insurance but drdy:if the:injury, damage or offense arises out of your business, takes place during the policy period of this policy and is 626Sed by an occurrence happening anywhere. We will pay such damages in excess of the Retained Limit speaied in Item 5. of the Declarations or the amount payable by other insurance, whichever is greater. Coverage B does not apply to any loss, claim or suit for which insurance is afforded under underlying insurance or would have been afforded except for the exhaustion of the Limits of Insurance of underlying insurance. The amount we will pay for loss under Coverage A or Coverage B is limited as described in SECTIOQNN 11. LIMITS OF INSURANCE. We have no obligation under Coverage A and/or Coverage B with respect to any settlement ma ithou sent. The insurance afforded under Coverage A and Coverage B applies to bodily injury or p arty damag nor to the policy period, no designated insured knew that the bodily injury or property damag had occu Jw or in part. If such a designated insured knew, prior to the policy period, that the bodily injury or prope ccurred, then any continuation, change or resumption of such bodily injury or property damage durin e t olicy period will be deemed to have been known prior to the policy period. ,C) U-UMB-103-C CW(03110) Page 1 of 19