SHERWOOD HR CONSULTING (SHERWOOD, KANDICE)

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BUSINESSOWNER'S POLICY 2. Premium shown in this policy as advance pre- L. Transfer Of Your Rights And Duties Under This mium is a deposit premium only. At the close of Policy each audit period we will compute the earned premium for that period and send notice to the Your rights and duties under this policy may not be first Named Insured. The due date for audit transferred without our written consent except in premiums is the date shown as the due date the case of death of an individual Named Insured. on the bill. If the sum of the advance and audit If you die, your rights and duties will be transferred premiums paid for the policy period is greater to your legal representative but only while acting than the earned premium, we will return the within the scope of duties as your legal represen- excess to the first Named Insured. tative. Until your legal representative is appointed, 3. The first Named Insured must keep records of anyone having proper temporary custody of your the information we need for premium computa- property will have your rights and duties but only tion, and send us copies at such times as we with respect to that property. may request. K. Transfer Of Rights Of Recovery Against Others To Us 1. Applicable to Businessowners Property Cover- age: If any person or organization to or for whom we make payment under this policy has rights to recover damages from another, those rights are transferred to us to the extent of our pay- ment. That person or organization must do everything necessary to secure our rights and must do nothing after loss to impair them. But you may waive your rights against another party in writing: a. Prior to a loss to your Covered Property. b. After a loss to your Covered Property only if, at time of loss, that party is one of the fol- lowing: (1) Someone insured by this insurance; (2) A business firm: (a) Owned or controlled by you; or (b) That owns or controls you; or (3) Your tenant. You may also accept the usual bills of lading or shipping receipts limiting the liability of carriers. This will not restrict your insurance. 2. Applicable to Businessowners Liability Cover- age: If the insured has rights to recover all or part of any payment we have made under this policy, those rights are transferred to us. The insured must do nothing after loss to impair them. At our request, the insured will bring "suit" or transfer those rights to us and help us enforce them. This condition does not apply to Medical Expenses Coverage. Page 48 of 48 Includes copyrighted material of the Insurance Services Office, Inc.,used with its permission. BP 00 03 01 10