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2. Workers Compensation And Similar Laws <br /> Any obligation of the insured under a workers' compensation, disability benefits or unemployment compensation <br /> law or any similar law. <br /> 3. Contractual Liability <br /> Liability assumed by the "insured" under any contract or agreement with respect to an "occurrence" taking place <br /> before the contract or agreement is executed. <br /> 4. Personal And Advertising Injury <br /> This policy does not apply to "personal and advertising injury". <br /> EXCEPTION <br /> This exclusion does not apply to the extent that coverage for such "personal and advertising injury" is provided by <br /> "underlying insurance", but in no event shall any "personal and advertising injury" coverage provided under this <br /> policy apply to any claim or"suit"to which "underlying insurance" does not apply. <br /> Any coverage restored by this EXCEPTION applies only to the extent that such coverage provided by the <br /> "underlying insurance" is maintained having limits as set forth in the Schedule of Underlying Insurance Policies. <br /> 5. Underlying Insurance <br /> Any injury or damage: <br /> a. Covered by "underlying insurance" but for any defense which any underlying insurer may assert because of <br /> the "insured's"failure to comply with any condition of its policy; or <br /> b. For which "damages" would have been payable by "underlying insurance" but for the actual or alleged <br /> insolvency or financial impairment of an underlying insurer. <br /> 6. Aircraft <br /> "Bodily injury" or "property damage" arising out of the ownership, operation, maintenance, use, entrustment to <br /> others, loading or unloading of any aircraft: <br /> a. Owned by any "insured"; or <br /> b. Chartered or loaned to any"insured". <br /> This exclusion applies even if the claims allege negligence or other wrongdoing in the supervision, hiring, <br /> employment, training or monitoring of others by an insured, if the "occurrence" which caused the "bodily injury" or <br /> "property damage" involved the ownership, maintenance, use or entrustment to others of any aircraft that is <br /> owned or operated by or rented or loaned to any insured. <br /> This exclusion does not apply to aircraft that is: <br /> a. Hired, chartered or loaned with a paid crew; but <br /> b. Not owned by any "insured". <br /> This exclusion does not apply to "bodily injury" to any of your "employees" arising out of and in the course of their <br /> employment by you. <br /> 7. Watercraft <br /> "Bodily injury" or "property damage" arising out of the ownership, operation, maintenance, use, entrustment to <br /> others, loading or unloading of any watercraft. <br /> This exclusion applies even if the claims allege negligence or other wrongdoing in the supervision, hiring, <br /> employment, training or monitoring of others by an insured, if the "occurrence" which caused the "bodily injury" or <br /> "property damage" involved the ownership, maintenance, use or entrustment to others of any watercraft that is <br /> owned or operated by or rented or loaned to any insured. <br /> This exclusion does not apply to: <br /> a. Watercraft you do not own that is: <br /> (1) Less than 51 feet long, and <br /> (2) Not being used to carry persons or property for a charge; <br /> b. "Bodily injury" to any of your"employees" arising out of and in the course of their employment by you; or <br /> c. Any watercraft while ashore on premises owned by, rented to or controlled by you. <br /> 8. War <br /> Any injury or damage, however caused, arising, directly or indirectly, out of: <br /> a. War, including undeclared or civil war; or <br /> b. Warlike action by a military force, including action in hindering or defending against an actual or expected <br /> attack, by any government, sovereign or other authority using military personnel or other agents; or <br /> Form XL 00 03 09 16 Page 3 of 14 <br />