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Gt-5-30s (1-15) The following has been added to the policy: CONTRACTORS SPECIAL CONDITIONS The following is added to SECTION IV - COMMERCIAL GENERAL LIABILITY CONDITIONS: Contractors Special Conditions You will obtain current certificates of insurance from all independent contractors providing evidence of: 1, 'Bodily injury" and "property damage" liability Limits of Insurance equal to or greater than the limits provided by this policy; 2. Coverage equal to or greater than the coverage provided by this policy; and 3. Effective dates of coverage that "coincide" with the effective dates of coverage on this policy. Failure to comply with this condition does not alter the coverage provided by this policy, but will result in an additional premium charge. The following is added to SECTION IV - COMMERCIAL GENERAL LIABILITY CONDITIONS, para- graph 5. Premium Audit: Should you fail to provide current certificates of insurance from all independent contractors at such times as we request to complete a premium audit, a premium charge will be made. The premium charge will be computed by multiplying the "total cost' of all work sublet that fails to meet the above condition, by the rate per $1,000 payroll for the applicable classification of the work performed. The pre- mium charge will be computed by multiplying our usual and customary rate per $1,000 payroll for that classification. For purposes of this endorsementthe following definitions apply: "Total cost" means the cost of all labor, materials and equipment furnished, used or delivered for use in the execution of the work and all fees, bonuses or commissions paid. "Coincide" means that the effective dates of coverage for all policies of all independent contractors cov- ers that period of time during which work was performed for you within the effective dates covered by this policy. UTS-749 (8-95) This policy does not apply to a claim of or indemnification for punitive or exemplary damages Punitive or exemplary damages also include any damages awarded pursuant to statute in the form of double, treble or other multiple damages in excess of compensatory damages. If suit is brought against any insured for a claim failing within coverage provided under the policy, seeking both compensatory and punitive or exemplary damages, then the Company will afford a defense to such ac- tion. However, the Company will have no obligation to pay for any costs, interest or damages attributable to punitive or exemplary damages. a �y� e6 +f-o. �l Includes copyrighted material of ISO Properties, Inc., with its permission. Copyright, ISO Properties, Inc., 2012 t^Cyy 1 P UT5-246s (2-15) Page 6 of 11`