BENDER ROSENTHAL, INC-2016 - Laserfiche WebLink

Home Browse Search

Y-630-9K104459•TIW9 (2) The total of all deductible and self -insured amounts under that "other Insurance", We will share the remaining loss, if any, with any "other insurance" that is not described in this Excess insur- ance provision. c. Method Of Sharing If all of the "other Insurance" permits contribution by equal shares, we will follow this method also. Under this approach each provider of insurance contributes equal amounts until It has paid its applicable limit of Insurance or none of the loss remains, which- ever comes first. If any of the "other insurance" does not permit contribution by equal shares, we will contribute by limits. Under this method, the share of each provider of insurance is based on the ratio of Its applicable limit of insur- ance to the total applicable limits of Insurance of all providers of insur- ance. 2. The following definition is added to SECTION V — DEFINITIONS: "Other insurance": a. Means Insurance, or the funding of losses, that is provided by, through or on behalf of: (1) Another insurance company; (2) Us or any of our affiliated Insurance companies, except when the Non cumulation of Each Occurrence Limit section of Paragraph 5. of LIMITS OF INSURANCE (Section III) or the Non cumulation of Personal and Advertis- ing Injury limit sections of Paragraph 4. of LIMITS OF INSURANCE (Sec- tion 111) applies; COMMERCIAL GENERAL LIABILITY Insurance shown on the Declarations of this Coverage Part. R. UNINTENTIONAL OMISSION 1. The following is added to Paragraph 6. Rep- resentations of SECTION iV — COMMER- CIAL GENERAL LIABILITY CONDITIONS: The unintentional omisslon of, or uninten- tional error in, any information provided by you which we relied upon In issuing this policy shall not prejudice your rights under this in- surance, 2. This Provision R. does not affect our right to collect additional premium or to exercise our right of cancellation or nonrenewal in accor- dance with applicable insurance laws or regu- lations, S. WAIVER OF TRANSFER OF RIGHTS OF RE- COVERY AGAINST OTHERS TO US WHEN REQUIRED BY CONTRACT The following Is added to Paragraph 8. Transfer of Rights of Recovery Against Others to Us of SECTION 1V -- COMMERCIAL GENERAL LI- ABILITY CONDITIONS: We waive any rights of recovery we may have against any person or organization because of payments we make for "bodily injury", "property damage", "personal Injury" or "advertising injury" arising out of: 1. Premises owned by you, temporarily occu- pied by you with permission of the owner, or leased or rented to you; 2. Ongoing operations performed by you, or on your behalf, under a contract or agreement with that person or organization; 3. "Your work"; or (3) Any risk retention group; (4) Any self -Insurance method or pro- gram, other than any funded by you and over which this Coverage Part T. applies; or (5) Any similar risk transfer or risk man- agement'method. b. Does not include umbrella insurance, or excess Insurance, that you bought spe- cifically to apply in excess of the Limits of 4. "Your products". We waive these rights only where you have agreed to do so as part of a "written contract re- quiring insurance" entered Into by you before, and in effect when, the "bodily injury" or "property damage" occurs, or the "personal injury" offense or "advertising Injury" offense is committed. AMENDED BODILY INJURY DEFINITION The following replaces the definition of "bodily Injury" in the DEFINITIONS Section: "Bodily Injury" means bodily injury, mental an- guish, mental Injury, shock, fright, disability, hu- miliation, sickness or disease sustained by a per- CG D4 15 05 OS (Rev. 10-00) 0 2008 The Travelers Companies, Inc. IJ-1 Page 7 of 8