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SELECTRON TECHNOLOGIES, INC. 1
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Last modified
2/6/2017 10:33:54 AM
Creation date
2/1/2017 11:05:15 AM
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Contracts
Company Name
SELECTRON TECHNOLOGIES, INC.
Contract #
A-2014-274-1
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
10/21/2014
Expiration Date
11/17/2017
Insurance Exp Date
1/31/2017
Destruction Year
0
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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 care, custody or control of the insured; and <br />(c) That particular part of any property that must be restored, repalred 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 $36,000 per °occurrence". <br />b. Under Section V — Definitions, the following definition is added: <br />"Customers' Goods" means goods of your customer on your premises for the purpose of being: <br />1. Repaired; or <br />2. Used in your manufacturing process. <br />c. The insurance afforded by this provision Is excess over any other valid and collectible property insurance <br />(including any deductible) available to the insured whether such Insurance is primary, excess, contingent <br />or on any other basis. Any payments by us will follow the Other Insurance — Excess provisions in the <br />COMMERCIAL GENERAL LIABILITY CONDITIONS. <br />8. COVERAGE TERRITORY - WORLDWIDE <br />The definition of "coverage territory" Is replaced by the following: <br />"Coverage territory" means anywhere provided the insured's responslbllityto pay damages must be <br />determined In a settlement we agree to or in a "suit" on the merits brought within the United States of <br />America (including Its territories and possessions), Puerto Rico or Canada. <br />9. DUTIES IN THE EVENT OF OCCURRENCE, OFFENSE, CLAIM OR SUIT <br />Section IV . Duties In The Event Of Occurrence, Claim or Suit is amended by adding the following <br />paragraphs: <br />a. The requirements that you must <br />1, notify us of an "occurrence" offense, Balm or "suit" and <br />2. send us documents concerning a claim or "suit" <br />apply only when such 'accident" claim, "suit" or "loss" Is known to: <br />1. You, if you are an individual; <br />2. A partner, if you are a partnership; <br />3. An executive officer of the corporation or insurance manager, if you .are a corporation; or <br />4, A manager, if you are a limited liability company. <br />b. The requirement that you must notify us as soon as practicable of an "occurrence" or an offense that may <br />result in a claim does not apply if you report an "occurrence" to your workers compensation Insurer which <br />later develops Into a liability claim for which coverage Is provided by this policy. However, as soon as you <br />have definite knowledge that the particular "occurrence" is a liability claim rather than a workers <br />compensation claim, you must comply with the Duties In The Event Of Occurrence, Offense, Claim Or <br />Suit Condition. <br />VCG 2071113 Inoludes copynghted material of Insurance Services Office, Inc. Page 4 ofs <br />. Copyright, One6eaeon Insurance Group LLC <br />
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