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BEAN SPROUTS, LLC (2)
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BEAN SPROUTS, LLC (2)
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Last modified
2/11/2021 3:47:12 PM
Creation date
2/4/2021 5:20:57 PM
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Contracts
Company Name
BEAN SPROUTS, LLC
Contract #
A-2018-113-01
Agency
Parks, Recreation, & Community Services
Council Approval Date
5/1/2018
Expiration Date
9/17/2023
Insurance Exp Date
7/3/2021
Destruction Year
2028
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The most we will pay under this Additional <br />Coverage, regardless of the number of <br />occurrences or locations involved in any one <br />order by a governmental authority is $25,000. <br />This Limit of Insurance is in addition to any other <br />Limit shown in the Declarations for Food <br />Contamination Coverage. <br />Food Contamination Coverage, Form SS 41 32 <br />is made a part of this policy whether or not Food <br />Contamination Coverage is indicated in the <br />Declarations. <br />D. The following Additional Coverage only applies if <br />your policy is written with the Special Property <br />Coverage Form. <br />1. Money and Securities <br />Paragraph A.5.i.(3) is deleted and replaced with <br />the following: <br />(3) The most we will pay for loss in any one <br />occurrence is: <br />(a) $10,000 for Inside the Premises for <br />"money" and "securities" while: <br />(i) In or on the "scheduled premises"; <br />or <br />(ii) Within a bank or financial institution; <br />and <br />(b) $10,000 for loss Outside the Premises <br />for "money" and "securities" while <br />anywhere else. <br />Form SS 04 11 09 07 <br />This Limit of Insurance is in addition to any other <br />Limit of Insurance that may be provided by this <br />policy for this coverage. <br />E. The following changes apply to Paragraph E.5.d., <br />Loss Payment, of the Standard Property Coverage <br />Form and the Special Property Coverage Form: <br />1. Valuation Changes <br />The following are added to the Loss Payment <br />Property Loss Condition E.5.d.: <br />(10)Commodity Stock <br />We will determine the value of merchandise <br />and raw materials that are bought and sold <br />at an established market exchange. We will <br />determine the value at: <br />(a) The posted market price as of the time <br />and place of loss; <br />(b) Less discounts and expenses you <br />otherwise would have had. <br />(11)"Finished Stock" <br />We will determine the value of goods that <br />you have manufactured at the selling price <br />less discounts and expenses you otherwise <br />would have had. <br />(12)Mercantile Stock - Sold <br />We will determine the value of goods you <br />have sold but not delivered at the selling <br />price less discounts and expenses you <br />otherwise would have had. <br />ew cF RAMwagementDMsian <br />Jy/\'x REVIEWED & APPROVED BY.- <br />V"° <br />--� Risk janagement Analyst <br />
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