MDG ASSOCIATES 1 - 2013 - Laserfiche WebLink

Home Browse Search

to their duties as your officers or directors. Your stockholders are also insureds, but only with respect to their liability as stockholders. e. A trust, you are an insured. Your trustees are also insureds, but only with respect to their duties as trustees. 2. Each of the following is also an insured: a. Your "volunteer workers" only while per- forming duties related to the conduct of your business, or your "employees ", other than either your "executive officers" (if you are an organization other than a partnership, joint venture or limited liability company) or your managers (if you are a limited liability com- pany), but only for acts within the scope of their employment by you or while performing duties related to the conduct of your busi- ness. However, none of these "employees" or "volunteer workers" are insureds for: (1) `Bodily injury" or "personal advertising injury ": (a) To you, to your partners or mem- bers (if you are a partnership or joint venture), to your members (if you are a limited liability company), to a co- "employee" while in the course of his or her employment or performing duties related to the conduct of your business, or to your other `volunteer workers" while performing duties related to the conduct of your business; (b) To the spouse, child, parent, brother or sister of that co- "employee" or "volunteer worker" as a consequence of Paragraph (1)(a) above; (c) For which there is any obligation to share damages with or repay someone else who must pay dam- ages because of the injury de- scribed in Paragraphs (1)(a) or (b) above; or you, any of your "employees ", "volunteer workers ", any partner or member (if you are a partnership or joint venture), or any member (if you are a limited liability company). b. Any person (other than your "employee" or "volunteer worker "), or any organization while acting as your real estate manager. c. Any person or organization having proper temporary custody of your property if you die, but only: (1) With respect to liability arising out of the maintenance or use of that property; and (2) Until your legal representative has been appointed. d. Your legal representative if you die, but only with respect to duties as such. That repre- sentative will have all your rights and duties under this Coverage Part. 3. Any organization you newly acquire or form, other than a partnership, joint venture or limited liability company, and over which you maintain ownership or majority interest, will qualify as a Named Insured if there is no other similar insur- ance available to that organization. However: a. Coverage under this provision is afforded only until the 90th day after you acquire or form the organization or the end of the policy period, whichever is earlier; b. Coverage A does not apply to "bodily injury" or "property damage" that occurred before you acquired or formed the organization; and c. Coverage B does not apply to "personal and advertising injury" arising out of an offense committed before you acquired or formed the organization. No person or organization is an insured with respect to the conduct of any current or past partnership, joint venture or limited liability company that is not shown as a Named Insured in the Declarations. (d) Arising out of his or her providing SECTION III — LIMITS OF INSURANCE or failing to provide professional health care services. 1. The Limits of Insurance shown in the Declara- (2) "Property damage" to property: tions and the rules below fix the most we will pay (a) Owned, occupied or used by, regardless of the number of: (b) Rented to, in the care, custody or a. Insureds; control of, or over which physical b. Claims made or "suits" brought; or control is being exercised for any c. Persons or organizations making claims or purpose by bringing "suits ". Page 10 of 17