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CORBIZ, LLC. 3 - 2014
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CORBIZ, LLC. 3 - 2014
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Last modified
8/2/2016 11:16:24 AM
Creation date
3/24/2015 2:07:18 PM
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Contracts
Company Name
CORBIZ, LLC.
Contract #
A-2014-350
Agency
PUBLIC WORKS
Council Approval Date
12/2/2014
Insurance Exp Date
2/25/2017
Destruction Year
0
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Item 8. is replaced with: <br />&. Transfer of Rights Of Recovery Against Others Tw0s <br />a. If the insured has rights 10 recover all or part of any payment we have made under this Coverage Part <br />those rights are transferred to us. The insured must do nothing after loss to impair them. At nur request, <br />the insured will bring suit or transfer those rights to us and help us enforce them. <br />k. If required by a written "insured contrect", we waive any right of recovery wm may have against any <br />person or organization because of payments we make for injury ordamage arising out of your ongoing <br />operations or "your work" done under that written "insured contract" for, that person or organization and <br />included in the "prod ucto'conmp|e1ed operations hazard". <br />Item 1O. and Item 11. are added: <br />10. Cancellation Condition <br />Ifwe cancel this policy for any reason other than nonpayment of premium ve will mail ordeliver written notice <br />of cancellation to the first Named Insured at least 60 days prior to the effective date of cancellation. <br />11. Liberalization <br />If we adopt a change in our forms or rules which would broaden your coverage without an extra charge, the <br />broader coverage will apply to this policy. This extension is effecve upon the approval of such broader <br />coverage in your state. <br />SECTION V — DEFINITIONS - <br />The following definitions are added or changed: <br />9. "Insured contract" <br />a. b changed to: <br />a. A contract for a lease of premises. Hmwever, that portion of the contract for a lease of premises that <br />indemnifies any person or organization for damage byfire, explosion cr sprinkler leakage 1opremises <br />w/hi�e rented tm you, or temporarily occupied by you with permission cf the owner, or managed byyou <br />under a written agreement with the owner im not am "insured uontrmu1~. <br />23 and 24 are added: <br />23. ~Location" means premises involving the same or connecting bts, or premises whose, connection is <br />interrupted only by astraet. roadway, waterway urhght-of-wayofa railroad. <br />24. "Product recall notification expenses" means the reasonable additional expenses (|mo|mding, but not limited to, <br />mast of oorrespondmnoa, newspaper and magazine adwartising, radio or television announcements and <br />transportation cost), necessarily |momrrad in arranging for the return of prmductm, but excluding 000Lm of the <br />replacement products and the cash value ofthe damaged products. <br />The following Provisions are also added bo this Coverage Part: <br />A. ADDITIONAL INSUREDS —BY CONTRACT, AGREEMENT ORPERMIT <br />1. Paragraph 2. under SECTION || —VVMO IS AN INSURED is amended to include as an insured any <br />person ororganization when you and such person or organization have agreed in writing in e contmaot, <br />agreement or permit that such person mrorgmn�zedionbe added asanadditional insured on your policy to <br />provide insurance such as is afforded under this Coverage Part. Such person or organization is not <br />entitled to any notices that we are required to send to the Named Insured and is an additional insured <br />only with respect to liability arising out of: <br />a. Your ongoing operations performed for that person or organization; or <br />b. Premises or facilities owned or used byyou. <br />With respect to provision 1.a. abuwa, a person's or organization's status as an insured under this <br />endorsement ends when your operations for that person or organization are completed. <br />With respect to provision 1,h. above, a person's or organization's status as an insured under this <br />endorsement ends when their contract or agreement with you for such premises or facilities ends. <br />Includes copyrighted material m Insurance Services Offices mc.. with its permission. <br />G ECG 602 (01111) Page 3of4 <br />AGENT COPY o�s�1u 1�� w�c�1p�� PGDMm0oJ08760 GEoNLYST 00001445 Page 35 <br />
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