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Last modified
8/20/2024 1:49:01 PM
Creation date
5/3/2022 3:21:31 PM
Metadata
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Template:
Contracts
Company Name
SILVER AND WRIGHT LLP
Contract #
N-2022-118
Agency
Community Development
Expiration Date
4/30/2024
Insurance Exp Date
1/1/2024
Notes
For Insurance Exp. Date see Notice of Compliance
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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 NoncontributoryProvision <br />Section III — Common Policy Conditions (Applicable to Section 1— Property and Section 11— Liability), <br />H. Other insurance, is amended to include the following: <br />4. With respect to Section li — 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 MUftiC.over 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 />6. 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 Buslnessowners 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 />saglsg 04-17 <br />Copyright O 2017 Allienz Global Risks US Insurance Company. All rights reserved.t-%:L <br />aakna,�nemrcaecaiaao <br />
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