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SILVER & WRIGHT, LLP (2)
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SILVER & WRIGHT, LLP (2)
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Last modified
1/31/2022 12:20:05 PM
Creation date
4/22/2021 11:51:06 AM
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Contracts
Company Name
SILVER & WRIGHT, LLP
Contract #
N-2021-035-01
Agency
Planning & Building
Expiration Date
2/17/2022
Insurance Exp Date
2/6/2023
Destruction Year
2027
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containing such products; <br />(3)The most we will pay is the lesser of either the amount of insurance available under the <br />applicable Limits of Insurance shown in the Declarations or the limits of insurance required by <br />the contract or agreement; and <br />(4)The insurance afforded to such vendor only applies to the extent permitted by law. <br />4.Additional Insured - Limited Primary and Noncontributory Provision <br />Section III – Common Policy Conditions (Applicable to Section I – Property and Section II – Liability), <br />H.Other Insurance, is amended to include the following: <br />4.With respect to Section II – Liability: <br />However, if you have added any person, organization or vendor of yours as an additional insured <br />to this policy by way of this MultiCover endorsement and have agreed in a written “insured <br />contract” that this insurance is primary and non-contributory with other insurance available to that <br />additional insured, this insurance is primary and we will not seek contribution from such additional <br />insured’s other insurance, provided that the additional insured is a Named Insured under such <br />other insurance. <br />5.Blanket Waiver of Subrogation <br />Section III Common Policy Conditions (Applicable to Section I – Property and Section II – Liability, <br />K.Transfer of Rights of Recovery Against Others to Us, 2., is deleted and replaced with the following: <br />2.Applicable to Businessowners Liability Coverage <br />a.If the insured has rights to recover all or part of any payment we have made under this policy, <br />those rights are transferred to us. The insured must do nothing after loss to impair those <br />rights. At our request, the insured will bring “suit” or transfer those rights to us and help us <br />enforce them. This condition does not apply to Medical Expenses Coverage. <br />b.If required by a written “insured contract” executed prior to the “occurrence” or offense, we <br />waive any right of recovery we may have against any person or organization named in such <br />“insured contract” because of payments we make for injury or damage arising out of your <br />operations or “your work” for that person or organization. <br />6.Broadened Named Insured <br />A.Section II - Liability Coverage, C. Who Is An Insured, is amended to include the following: <br />3.Any organization that you own at the inception of this policy, or newly acquire or form during <br />the policy period, and over which you maintain during the policy period majority ownership or <br />majority interest, will qualify as a Named Insured if: <br />a.There is no other similar insurance available to that organization; and <br />b.The first Named Insured shown in the Declarations has the responsibility of placing <br />insurance for that organization; and <br />c.That organization is incorporated or organized under the laws of the United States of <br />America. <br />However: <br />SB9189 04-17 <br />Copyright © 2017 Allianz Global Risks US Insurance Company. All rights reserved.Page 4 of 8 <br /> <br />
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