IPS GROUP, INC. 2-2014 - Laserfiche WebLink

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(a) liability to such party for, or for the cost of, that party's defenst has also been ',1S9Urncd in such insured contract; and (b) such attorney fees and litigation expenses are for defense of such party against a civil or alternative dispute resolution proceeding in which covered damages are alleged. B. Solely for the purpose of the coverage provided by this paragraph, DEFINITIONS is amended to delete the definition of insured contract in its entirety, and replace it xvith the following: Insured contract means that part (if a written contract or written agreement pertaining to the Named Insured's business Linder which the Named Insured assumes the tort liability of another part), to pay for personal or advertising injury arising out of the offense of False arrest, detention Or imprisonment. Tort liability means a liability that ,vould be imposed by law in the absence ol'any contract or agreement. C. Solely for the PLILPOSC of the coverage ptovided by this paragraph, the following changes are made to the Section entitled SUPPLEMENTARY PAYMENTS — COVE, RAGES A AND B: 1. paragraph 2.d. is replaced by the following: d. The allegations in the suit and the information the Insurer lmows about the offense alleged in such suit are such that no conflict appears to exist between the interests of the Insured and the interests of the indemnitee; 2. The first unnumbered paragraph beneath Paragraph 2.f.(2)(b) is deleted and replaced 1)), the following: So long as the above coridinoris are rnet,attorneys fees incurred by the Insurer in the defense of that indemnitee, necessary litigation expenses incurred by the Insurer, and necessary litigation expenses incurred by the indernnitec at the Insurer's rC(ILIC,9t will be paid as defense costs. Noovithstaricting the provisions of paragraph c.(2) of the Contractual Liability exclusion (as amended by this Endorsement), such payments will not be deemed to be damages for personal and advertising injury and will not reduce the limits OF insurance. D. This PERSONAL AND ADVERTISING INJURY - LIMITED CONTRACTUAL LIABILITY Provision does not apply if Coverage B —Personal and Advertising Injury Liability is excluded by another endorsement attached to this Coverage Part. 17. PROPERTY DAMAGE — ELEVATORS A. Under COVERAGES, Coverage A— Bodily Injury and Property Damage Liability, the paragraph entitled Exclusions is amended such that the Damage to Your Product Exclusion and subparagraphs (3), (4) and (6) of the Damage to Property Exclusion do not apply to property damage that results from the use Of elevators. B. Solely for• the purpose of the coverage provided by this PROPERTY DAMAGE — ELEVATORS Provision, the Other Insurance conditions is amended to add the following paragraph: This insurance is excess over any of the other insurance,,vtiether primary, excess, contingent or on any other basis that is property insurance covering property of others damaged from the use of elevators. 18. SUPPLEMENTARY PAYMENTS The section entitled SUPPLEMENTARY PAYMENTS — COVERAGES A AND B is amended as follows: A. Paragraph I.b. is amended to delete the S250 limit shown for the cost of bail bonds and replace it with -.1 $5,000. limit; asci B. paragraph 1.& is amended to delete the limit of '$2:50 shoNvii for daily loss of earnings and replace it with a Miscellaneous Attachment : 1v1495240 Certificate ID : 12813936