BEAN SPROUTS, LLC (2) - Laserfiche WebLink

Home Browse Search

b. Bodily Injury, Property Damage or Personal and Advertising Injury "Bodily injury," "property damage," "personal injury" or "advertising injury." c. Dishonest, Fraudulent, Criminal or Malicious Act Damages arising out of any intentional, dishonest, fraudulent, criminal or malicious act, error or omission, committed by any insured, including the willful or reckless violation of any statute. d. Inadequacy of Performance of Investment Advice Given With Respect to Participation Any claim based on: (1) Failure of any investment to perform; (2) Errors in providing information on past performance of investment vehicles; or (3) Advice given to any person with respect to that person's decision to participate or not to participate in any plan included in the "employee benefit program." e. Available Benefits Any "claim" for benefits to the extent that such benefits are available with reasonable effort of the insured from the applicable funds accrued or other collectible insurance. f. Insufficiency of Funds Damages arising out of an insufficiency of funds to meet any obligations under any j. Employment -Related Practices Damages arising out of any wrongful termination of employment, discrimination, or other employment -related practices. C. SECTION C - WHO IS AN INSURED is amended as follows: plan included in the "employee benefit D program". g. Failure to Perform a Contract Damages arising out of the failure of performance of any contract by any insurer. h. Worker's Compensation and Similar Laws Any "claim" arising out of your failure to comply with the mandatory provisions of any worker's compensation, unemployment compensation insurance, social security or disability benefits law or similar law. Taxes, Fines or Penalties Taxes, fines or penalties, including those imposed under the Internal Revenue Code or any similar law. Page 2 of 4 Paragraphs 2. and 3. are deleted and replaced by the following: 2. Each of the following is also an insured: a. Each of your "employees" who is or was authorized to administer your "employee benefit program". b. Any persons, organizations or "employees" having temporary authorization to administer your "employee benefit program" if you die, but only until your legal representative is appointed. c. Your legal representative if you die, but only with respect to his, her or its duties as such. That representative will have all your rights and duties under this Endorsement. 3. Any organization you newly acquire or form, other than a partnership, joint venture or limited liability company, and over which you maintain ownership or majority interest, will qualify as a Named Insured if no other similar insurance applies to that organization. However: a. Coverage under this provision is afforded until the ninetieth (90th) day after you acquire or form the organization or the end of the policy period, whichever is earlier. b. Coverage under this provision does not apply to any "employee benefits injury" that was committed before you acquired or formed the organization. SECTION D - LIMITS OF INSURANCE is deleted and replaced with the following: D. LIMITS OF INSURANCE 1. The Limits of Insurance shown in the Declarations and the rules below fix the most we will pay regardless of the number of: a. Insureds; b. "Claims" made or "suits" brought; c. Persons or organizations making "claims" or bringing "suits"; d. "Employee benefits injury"; or e. Benefits included in your "employee benefit program". 2. The Employee Benefits Liability Aggregate Limit is the most we will pay for all damages because of " negligently comr ew cF RAMwagmedD"siun of your "employ =� x RE�AEWED&APPROVED BY. v --� Rt janagement Analpt