DIGITAL MAP PRODUCTS -2007 - Laserfiche WebLink

Home Browse Search

have all your rignts and duties under this Coverage Par e. Unnamed Subsidiary Any subsidiary, and subsidiary thereof, of yours which is a legally incorporated entity of which you own a financial interest of more than 50% of the voting stock on the effective date of the Coverage ?art The insurance afforded herein for any subsidiary not named in this Coverage Part as a named insured does not apply to injury or damage with respect to which an insured under this Coverage Part is also an insured under another policy or would be an insured under such policy but for its termination or the exhaustion of its limits of insurance. 3. Newly Acquired or Formed Organization Any organization you newly acquire or form other than a partnership, joint venture or limited liability company, and over which you maintain financial interest of more than 50% of the voting stock. will qualify as a Named Insured if there is no other similar insurance available to that organization. However a. Coverage under this provision is afforded only until the 180t1h day after you acquire or form the organization or the end of the policy period, whichever is earlier: b. Coverage A does not apply to "bodily injury" or "property damage" that occurred before you acquired or formed the organization: and c. Coverage B does not apply to "personal and advertising injury" arising out of an offense committed before you acquired or formed the organization. 4. Mobile Equipment Wdn respect to "mobile equipment" registered in your name under any motor vehicle registration law, any ,)arson is ar insured while driving such equipment along a public highway with your permission. Any other person or organization responsible for the conduct of such person is also an insured, but only with respect to liability arising out of the operation of the equipment, and only if no other insurance of any kind is available to that person or organization for this liability. However, no person or organization is an insured with respect to: a. "Bodily injury" to a co- "employee" of the person driving the equipment. or b. "Property damage" to property owned by, rented to, in the charge of or occupied by you or the employer of any person who is an insured under this provision Page 10 of 18 5. Nonowned Watercraft With respect to watercraft you do not own hai is less than 51 feet long and is not being used to can persons for a charge, any person is an in urid wh6e operating such watercraft with your pens siork. Any other person or organization responsib a Ifor the conduct of such person is also an Incur , brit only with respect to liability arising out of ,he cperaiion of the watercraft, and only if no other insure ct# bf any kind is available m that person or organiza ion for this liability. However. no person or organization is an i isurec earth respect to a. "Bodily injury" to a co -" employee" of heI person operating the watercraft: or b. "Property damage" to property owned b . rented to, in the charge of or occupied by you or the eimptoyer of any person who is an insured under this provision. 1 6. Additional Insureds When Required Ely Written Contract, Written Agreement Or Permit The following person(s) or organization s) i are an additional insured when you have agreed, 'n a Wntten contract, written agreement or because f a permit issued by a state or political subdivision than such person or organization be added as ar additional insured on your policy, provided the injury or idimage occurs subsequent to the execution of the contract or agreement I j A person or organization is an additional in ured under this provision only for that period of time req6red 'by the contract or agreement. However, no such person or organization ic. an insured under this provision if such person or organization is included as an insured by an endorsemes, issoued by us and made a pail of this Coverage Part. a. Vendors Any person(s) or organization(s) (refer tq below as vendor), but only with respect to "b i(yl injury" or "property damage" arising out of "yo r produals" which are distributed or sold in the r Iar course of the vendor's business and only if th s Coverage Part provides coverage for "bodily ing ry" or "property damage" included within th "prbducis- completed operations hazard ". (1) The insurance afforded the vendor ' subject to the following additional exclusions: This insurance does not apply to: (a) "Bodily injury" or "property d mage" for which the vendor is obligat to pay damages by reason of the as riijOion of liability in a contract or agre me . This exclusion does not apply to liabi ity for damages that the vendor would aye in the absence of the contract or agree lent; HG Di 06 05