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IPS GROUP, INC. 2-2014
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IPS GROUP, INC. 2-2014
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Last modified
1/18/2018 3:40:20 PM
Creation date
6/12/2014 5:01:16 PM
Metadata
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Contracts
Company Name
IPS GROUP, INC.
Contract #
A-2014-119
Agency
Finance & Management Services
Council Approval Date
5/20/2014
Expiration Date
5/19/2019
Insurance Exp Date
3/19/2018
Destruction Year
2024
Notes
Per email from Susan Gorospe, in 2014, Finance took over parking fund from from CDA. Email copy in file.
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3, Pursuant to the htnitatioris described in I'ara€n-aph 4. below, any organization in which a Named Insured. <br />has management control: <br />a. on the effective date of this Coverage Part, or <br />b. by reason of a Named Insured creating or acgaairing the organization during the policy period, qualifies as a <br />Named Insured, provided that there is no rather similar liability insurance, whether prirnar}r, contributory, excess, <br />contingent or otherwise, which provides coverage to such organization, or which would have provided coverage but for <br />the exhaustion of its limit, and without regard to ur;hether its coverage is broader or narrower than that provided by this <br />insurance. <br />But this BROAD NAMED INSURED provision does not apply to: <br />(a) any partnership or point venture;. or <br />(b) any organization for which coverage is excluded by another endorsement attached to this Coverage <br />fart <br />For the purpose of this provision, and of this endorseanent's JOINTVENTURES j PARTNERSHIP / <br />LIMITED LIABILITY COMPANIES prevision, management ceantra'nl reams: <br />A. owning interests representing more than 509'ar of the voting, appointment or designation power for the <br />selection of a majority of the Board of Directors of a corporation, or the members of the management <br />board of a. limited hability company; or <br />B. having the tight, pursuant to a written trust aa<gree hent, to protect, control the use of, encumber or <br />transfer or sell property held by a trust. <br />4. With respect to organizations which qualify as Named Insureds by virtue of Paragraph 3. above, this <br />insurance dales not apply to: <br />a. bodily injury or property damage that First occurred prior to the date of management control, or that <br />first occurs after management control ceases; nor <br />b. personal or advertising injury caused by an offense that first occurred prior to the date of <br />trona ;ement control or that First: occurs after management control ceases. <br />5. The insurance provided by this Coverage Part applies to Famed Insrureds when trading; wander their own names or <br />under such other trading names or doing -business -as names (dba) as arty Named Insured,should choose to employ.. <br />6. ESTATES, LEGAL. REPRESENTATIVES, AND SPOUSES <br />The estates, heirs, legal representatives ;and spouses ole any natural person Insured shall also be insured under this <br />policy; provided, however, coverage is afforded to such estates, heirs, legal representatives, and spouses only for: claims <br />arising solely out of their capacity or status as such and, in the case of a spouse, where such claim, seeks damages from <br />marital cotrunu.nity property~, jointly held property or property transferred from such natural person Insured to such <br />spouse. No coverage is provided for any act, error or omission of an estate, heir, legal representative, or spouse outside <br />the scope of such person'scapacity or status as such, provided however that the spouse of a natural person. Named <br />Insured, and the, spouses of members or partners of point venture or partnership Named Insureds are Insureds with <br />respect to such spouses' acts, errors or omissions in the conduct of the Named Insured's business. <br />7. EXPECTED OR INTENDED INJURY — EXCEPTION FOR REASONABLE FORCE <br />l.Vnder COVERAGES, Coverage A— Bodily Injury And Property Damage Liability, the paragraph entitled <br />Exclusions is amended to delete the exclusion entitled Expected or Intended Injury and replace it with the following• <br />This insurance does not apply to: <br />Nlusccllancous Att<chanent : M495240 <br />CertiFacate lD : 12513936 <br />
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