Laserfiche WebLink
The following is added: <br />COVERAGE D. PRODUCT RECALL NOTIFICATION EXPENSES <br />Insuring Agreement <br />We will pay "product recall notification expenses" incurred by you for the withdrawal of your products, <br />provided that: <br />a. Such withdrawal is required because of a determination by you during the policy period, that the use or <br />consumption of your products could result in "bodily injury" or "property damage'; and <br />b. The "product recall notification expenses" are incurred and reported to us during the policy period. <br />The most we will pay for "product recall notification expenses" during the policy period is $100,000. <br />SUPPLEMENTARY PAYMENTS - COVERAGES A AND B <br />Item b. and d. are replaced with: <br />b. The cost of bail bonds required because of accidents or traffic law violations arising out of the use <br />of any vehicle to which the Bodily Injury Liability Coverage applies. We do not have to furnish these <br />bonds. <br />d. All reasonable expenses incurred by the insured at our request to assist us in the investigation or <br />defense of the claim or "suit' including actual loss of earnings up to $500 a day because of time off <br />from work. <br />SECTION II -WHO IS AN INSURED <br />Item 4. is replaced with: <br />4. Any subsidiaries, companies, corporations, firms, or organizations you acquire or form during the policy <br />period over which you maintain a controlling interest of greater than 50% of the stock or assets, will <br />qualify as a Named Insured if: <br />a) you have the responsibility of placing insurance for such entity; and <br />b) coverage for the entity is not otherwise more specifically provided; and <br />c) the entity is incorporated or organized under the laws of the United States of America. <br />However; coverage under this provision does not apply to "bodily injury" or "property damage" that <br />occurred before you acquired or formed the entity, or "personal injury" or "advertising injury" arising out <br />of an offense committed before you acquired or formed the entity. <br />Coverage under this provision is afforded only until the end of the policy period, or the twelve (12) <br />month anniversary of the policy inception date whichever is earlier. <br />SECTION III - LIMITS OF INSURANCE <br />Paragraph 2 is amended to include: <br />The General Aggregate Limit of Insurance applies separately to each 'location" owned by you, rented to you, <br />or occupied by you with the permission of the owner. <br />GECG 602 (09/04) Includes copyrighted material of Insurance Services Offices Inc. with its permission Page 2 of 6 <br />