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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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(3) For remuneration paid to your regular "employees" for necessary overtime; <br />(4) For hiring additional persons, other than your regular "employees"; <br />(5) Incurred by "employees", including transportation and accommodations; <br />(6) To rent additional warehouse or storage space; or <br />(7) For disposal of"your products", but only to the 'extent that specific methods of destruction <br />other than those employed for trash discarding or disposal are required to avoid "bodily <br />injury" or "property damage" as a result of such disposal, but <br />"product recall expenses".does not include costs of regaining your market share, goodwill, revenue or <br />profit, <br />(b) "Product Recall Expense" does not Include any expenses resulting from: <br />(1) Failure of any product to accomplish its intended purpose; <br />(2) Breach of warranties of fitness, quality, durability or performance; <br />(3) loss of customer approval, or any cost Incurred to regain customer approval; <br />(4) Redistribution or replacement of "your product" which has been recalled by like products or <br />substitutes; <br />(5) Caprice or whim of the Insured; <br />(6) A condition likely to cause loss of which any insured knew or had reason to know at the <br />inception of this insurance; and <br />(7) Recall of "your products" that have no known or suspocted defect solely because a known or <br />suspected defect in another of "your products" has been found <br />1% SUPPLEMENTARY PAYMENTS - INCREASED LIMITS <br />Under Section I — Coverages, Supplementary Payments —Coverages A and 13, paragraphs 1.b. and 1.d. are <br />replaced by the following: <br />b. Up to $2,500 for cost of bail bonds required because of accidents or traffic law violations arising out of the <br />use of any vehicle to which the Bodily Injury Liability Coverage applies. We do not have to furnish these <br />bonds. <br />d. All reasonable expenses incurred by the insured at our request to assist us in the Investigation or <br />defense of the claim or "suit', Including actual loss of earnings up to $500 a day because of time off from <br />work. ' <br />VCG 207,11 19 Includes copyrighted material of Insurance Services Offloe, Ino. Page B of 6 <br />"Copyright. OneBeaoon Insurance, Group LLC <br />
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