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STRAUB DISTRIBUTING CO. (2) - 2017
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STRAUB DISTRIBUTING CO. (2) - 2017
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Last modified
6/15/2022 3:23:50 PM
Creation date
5/12/2017 1:12:36 PM
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Contracts
Company Name
STRAUB DISTRIBUTING CO.
Contract #
N-2017-056
Agency
Parks, Recreation, & Community Services
Expiration Date
5/8/2017
Destruction Year
2022
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CG 71 98 02 15 <br />(4) We will pay for "loss of your profit" caused by a covered "product recall expense". <br />The amount we will pay is limited as described below in SECTION III - LIMITS OF INSURANCE <br />b. Exclusions <br />This insurance does not apply to "product recall expense" arising out of: <br />(1) Any fact, circumstance or situation which existed at the inception date of the policy and which you were <br />aware of, or could reasonably have foreseen that would have resulted in a "product recall". <br />(2) Deterioration, decomposition or transformation of a chemical nature, except if caused by an error in the <br />manufacture, design, processing, storage, or transportation of "your product". <br />(3) The withdrawal of similar products or batches that are not defective, when a defect in another product or <br />batch has been found. <br />(4) Acts, errors or omissions of any of your employees, done with prior knowledge of any of your officers or <br />directors. <br />(5) Inherent vice, meaning a natural condition of property that causes it to deteriorate or become damaged. <br />(6) "Bodily Injury" or "Property Damage". <br />(7) Failure of "your product" to accomplish its intended purpose, including any breach of warranty of fitness, <br />quality, efficacy or efficiency, whether written or implied. <br />(8) Loss of reputation, customer faith or approval, or any costs incurred to regain customer market, or any <br />other consequential damages. <br />(9) Legal fees or expenses. <br />(10) Damages claimed for any loss, cost or expense incurred by you or others for the loss of use of "your <br />product". <br />(11) "Product recall expense" arising from the "product recall" of any of "your products" for which coverage is <br />excluded by endorsement. <br />(12) Any "product recall" initiated due to the expiration of the designated shelf life of "your product". <br />(13) Caprice or whim of the insured. <br />5. COVERAGE H -WATER DAMAGE LEGAL LIABILITY <br />The Insurance provided under Coverage H (Section 1) applies to "property damage" arising out of water damage <br />to premises that are both rented to and occupied by you. <br />The Limit under this coverage shall not be in addition to the Damage To Premises Rented To You Limit. <br />The amount we will pay is limited as described below in SECTION III - LIMITS OF INSURANCE <br />C. SUPPLEMENTARY PAYMENTS - COVERAGES A AND B is amended: <br />1. To read SUPPLEMENTARY PAYMENTS <br />2. Bail Bonds <br />Item 1.b. is amended as follows: <br />b. Up to $1,000 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 h ve to furnish these <br />bonds. � <br />3. Loss of Earnings <br />Item 1.d. is amended as follows: ����j�r� <br />d. All reasonable expenses incurred by the insured at our request to assist us?in the inve �� fense of <br />the claim or "suit", including actual loss of earnings up to $500 a day because of tim rry rk. <br />4. The following language is added to Item 1. <br />However, we shall have none of the duties set forth above when this insu ce as only for Voluntary <br />Property Damage Coverage and/or Care, Custody or Control Property Damage Co erage and we have paid <br />the Limit of Liability or the Aggregate Limit for these coverages. <br />CG 71 98 02 15 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 4 of 12 <br />
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