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SELECTRON TECHNOLOGIES, INC. - 2017
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SELECTRON TECHNOLOGIES, INC. - 2017
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Last modified
5/19/2015 2:53:56 PM
Creation date
3/11/2015 4:05:46 PM
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Contracts
Company Name
SELECTRON TECHNOLOGIES, INC.
Contract #
A-2014-274
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
10/21/2014
Expiration Date
11/17/2017
Insurance Exp Date
1/31/2016
Destruction Year
2022
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c. Limits of Insurance applicable to the additional Insured are those specified In the contract, agreement or <br />permit or In the Declarations of this policy, whichever is less, and fix the most we will pay regardless of the <br />numberof: <br />1. Insureds; <br />2. Claims made or "suits" brought; or <br />3. Persons or organizations making claims or bringing "suits ". <br />These Limits of Insurance are Inclusive of and not in addition to the Limits of Insurance shown In the <br />Declarations. <br />3. AGGREGATE LIMIT PER LOCATION <br />a. Under Section III — Limits of Insurance, the General Aggregate Limit applies separately to each of your <br />'locations" owned by or rented or leased to you, <br />b. Under Section V— Definitions, the following definition is added: <br />"Location" means premises involving the same or connecting lots, or premises whose connection is <br />interrupted only by a street, roadway, waterway or right - of-way of a railroad. <br />4, BLANKET WAIVER OF SUBROGATION <br />Section IV — Transfer of Rights of Recovery Against Others to Us Condition is amended to add the <br />following: <br />We will waive any right of recovery we may have against any person or organization because of payments we <br />make for Injury or damage arising out of yourongoing operations done under a written contract oragreement with <br />that person or organization and included In 'your work" or the "products-completed operations hazard ". This <br />waiver applies only to persons or organizations with whom you have a written contract, executed prior to the <br />'bodily injury" or "property damage ", that requires you to waive your rights of recovery, <br />5. BODILY INJURY REDEFINED — MENTAL ANGUISH <br />Under Section V, the definition of "bodily Injury" is replaced by the following: <br />"Bodily Injury" means bodily injury, sickness, or disease sustained by a person, including mental anguish <br />or death resulting from any of these at any time. <br />6. BROADENED NAMED INSURED <br />Section If — Who Is An Insured Is amended to Include as an Insured the following: <br />Any organization which is a legally incorporated entity in which you own a financial Interest of more than 50 <br />percent of the voting stock on the effective date of this endorsement will be a Named Insured until the 180th <br />day or the end of the policy period, whichever comes first, provided there is no other similar insurance <br />available to that organization.' <br />The insurance afforded herein does not apply to any entity which is also an insured under another policy or <br />would be an Insured under such policy but for Its termination or the exhaustion of its limits of Insurance. <br />7. BROADENED PROPERTY DAMAGE —BORROWED EQUIPMENT, CUSTOMERS' GOODS AND USE OF <br />ELEVATORS <br />The Insurance for "property damage" liability is subject to the following: <br />a. The Damage To Property exclusion under Section I Coverage A is amended as follows: <br />1. The exclusion for personal property in the care, custody or control of the insured does not apply to <br />'property damage" to equipment you borrow while at a job site and provided it is not being used by <br />anyone to perform operations at the time of loss. <br />2. The exclusions for <br />(a) Property loaned to you; <br />(b) Personal property In the rare, custody or control of the insured; and <br />(c) That particular part of any property that must be restored, repaired or replaced because 'your <br />work" was incorrectly performed on It <br />do not apply to "property damage" to "customers' goods" while on your premises nor do they apply to <br />"property damage" arising from the use of elevators at premises you own, rent, lease or occupy. <br />Subject to the Each Occurrence Limit, the most we will pay for "property damage" to "Customers' <br />Goods" is $35,000 per "occurrence ". <br />VCG 207 07 09 Includes mpyrighted material of insurance Services oaroa, Inc. Paee 3 of 7 <br />Copyright 2000, OnaBoacon Insurance Group LLC <br />
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