STETSON ENGINEERS, INC. (4) - Laserfiche WebLink

Home Browse Search

c. When this insurance is excess over other insurance, we will pay only our share of the amount of the loss, if any, that exceeds the sum of: (1) The total amount that all such other insurance would pay for the loss in the absence of this insurance; and (2) The total of all deductible and self -insured amounts under all that other insurance. d. We will share the remaining loss, if any, with any other insurance that is not described in this provision and was not brought specifically to apply in excess of the Limits of Insurance shown in the Declarations for this Coverage. e. Method of Sharing — if all of the other insurance permits contribution by equal shares, we will follow this method also. Under this approach each insurer contributes equal amounts until it has paid its applicable Limit of Insurance or none of the loss remains; whichever comes first. If any of the other insurance does not permit contribution by equal shares, we will contribute by limits. Under this method, each insurer's share is based on the ratio of its applicable Limit of Insurance to the total applicable limits of insurance of all insurers. When this insurance is excess, we will have no duty under Business Liability Coverage to defend any claim or "suit" that any other insurer has a duty to defend. If no other insurer defends, we will undertake to do so; but we will be entitled to the insured's rights against all those other insurers. This is only a portion of form 391-1003 (Hanover Insurance 08/16) for reference only. This is not Intended to afford coverage. The entire 81 page coverage form 391-1003 08/16 is available for review upon request. POLICY NUMBER: OZFD95532201 xhleMamgement Dme m .9 RWEMM 6 APPROVm BY. n ...... �'� Risk Management Analyst