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Z ZURICH CAP ON LOSSES FROM CERTIFIED ACTS OF TERRORISM Insureds Name Policy Number Effective Endorsement Date Number THIS ENDORSEMENT CHANGES YOUR POLICY. PLEASE READ IT CAREFULLY. umber This endorsement modifies your insurance A. This endorsement applies to all Coverage Parts included in this policy. Cap on Losses From Certified Terrorism Losses Certified act of terrorism means an act that is certified by the Secretary of the Treasury in concurrence with the Secretary of State and the Attorney General of the United States to be an act of terrorism pursuant to the federal Terrorism Risk Insurance Act TRIA. The Terrorism Risk Insurance Act provides that the Secretary of Treasury shall certify an act of terrorism L. to be an act of terrorism 2. to be a violent act or an act that is dangerous to human life property or infrastructure 3. to have resulted in damage within the United States or outside of the United States in the case of an air carrier as defined in section 40102 of Title 49 United States Code or a United States flag vessel or a vessel based principally in the United States on which United States income tax is paid and whose insurance coverage is subject to regulation in the United States or the premises of a United States mission and 4. to have been committed by an individual or individuals as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion. No act may be certified as an act of terrorism if the act is committed as part of the course of a war declared by Congress except for workers compensation or if losses resulting from the act in the aggregate for insurance subject to TRIA do not exceed 5000.000. If aggregate insured losses attributable to one or more certified acts of terrorism exceed 100 billion in a Program Year January 1 through December 31 and we have met our insurer deductible under the Terrorism Risk Insurance Act we shall not be liable for the payment of any portion of the amount of such losses that exceeds 100 billion and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures blished by the Secretary of Treasury. Application of Other Exclusions The terms and limitations of a terrorism exclusion or any other exclusion or the inapplicability or omission of a terrorism exclusion or any other exclusion do not serve to create coverage which would otherwise be excluded limited or restricted under this policy. Copyright 2008 Zurich American Insurance Company Includes copyrighted material of Insurance Services Office Inc.. with its perm U GU T67 A CW 0108 Pagel of 1 | 2 |
Z ZURICH Disclosure Statement Itis our pleasure to present the enclosed policy to you for presentation to your customer. INSTRUCTION TO AGENT OR BROKER WE REQUIRE THAT YOU TRANSMIT THE ATTACHED ENCLOSED DISCLOSURE STATEMENT TO THE CUSTOMER WITH THE POLICY. Once again thank you for your interest and we look forward to meeting your needs and those of your customers. U GU873 A CW 0611 Page 10f 1 | 2 |
Z ZURICH Disclosure Statement NOTICE OF DISCLOSURE FOR AGENT BROKER COMPENSATION If you want to learn more about the compensation Zurich pays agents and brokers visit httpwww.zurichnaproducercompensation.com or call the following toll free number 866 903 1192. This Notice is provided on behalf of Zurich American Insurance Company and its underwriting subsidiaries. U GU874 ACW 0611 Page 1 of 1 | 2 |
COMMERCIAL INSURANCE Policy Number CPO 5833412 02 Named Insured and Mailing Address HEALTH TECH LLC SEE NAMED INSURED ENDT 5110 MARYLAND WAY SUITE 200 BRENTWOOD TN 37027 Z ZURICH COMMON POLICY DECLARATIONS Renewal of Number CPO 5833412 01 Producer and Mailing Address LOCKTON COMPANIES LLC 444 W 47TH ST STE 900 KANSAS CITY MO 64112 1906 Producer Code 37385 000 Policy Period Coverage begins 09 30 2014 at1201 AM. Coverageends 09 30 2015 at 1201 AM. The name insured is Individual Partnership Corporation X Other LIMITED LIABILITY COMPANY This insurance is provided by one or more of the stock insurance companies which are members of the Zurich American Insurance Group. The company that provides coverage is designated on each Coverage Part Common Declarations. The company o companies providing this insurance may be referred to in this policy as The Company we us or our. The address of the companies of the Zurich American Insurance Group are provided on the next page. THIS POLICY CONSISTS OF THE FOLLOWING COVERAGES PROPERTY PORTFOLIO PROTECTION PREMIUM issued by ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS GENERAL LIABILITY COVERAGE PREMIUM issued by ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS BUSINESS AUTOMOBILE PREMIUM issued by ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS TX VOLUNTEER FIRE DEPT ASSISTANCE FUND WA REGULATORY SURCHARGE CA Seismic Safety Fee THIS PREMIUM MAY BE SUBJECT TO AUDIT. TOTAL 27947.00 This premium does not include Taxes and Surcharges. SEE INSTALLMENT SCHEDULE Taxes and Surcharges TOTAL 23.01 SEE INSTALLMENT SCHEDULE The Forms and Endorsements made a part of this policy at the time of issue are listed on the SCHEDULE of FORMS and ENDORSEMENTS. Countersigned this day of Authorized Representative THESE DECLARATIONS TOGETHER WITH THE COMMON POLICY CONDITIONS COVERAGE PART DECLARATIONS COVERAGE PART FORMS FORMS AND ENDORSEMENTS IF ANY ISSUED TO FORM A PART THEREOF COMPLETE THE ABOVE NUMBERED POLICY. UGU D310 A 0193 Page 1 of 1 PROPERTY PORTFOLIO PROTECTION PREMIUM issued by ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS GENERAL LIABILITY COVERAGE PREMIUM issued by ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS BUSINESS AUTOMOBILE PREMIUM issued by ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS TX VOLUNTEER FIRE DEPT ASSISTANCE FUND WA REGULATORY SURCHARGE CA Seismic Safety Fee WA 19930. 5832. 2185. 22. | 2 |
Policy Number CPO 5833412 02 SCHEDULE OF FORMS AND ENDORSEMENTS Zurich American Insurance Company Of Illinois Named Insured HEALTH TECH LLC Effective Date 09 30 14 1201 A.M Standard Time AgentName LOCKTON COMPANIES LLC AgentNo. 37385 000 COMMON POLICY FORMS AND ENDORSEMENTS U GU692 C CW 06 13 DISCL OF PREM. RELATING TO DISP. OF TRIA U GU767 A CW 01 08 CAP ON LOSSES FROM CERTIFIED ACTS OF TER U GU D310 A 01 93 COMMON POLICY DECLARATIONS cw 10 02 SCHEDULE OF FORMS AND ENDORSEMENTS 01 09 IMPORTANT NOTICE IN WITNESS CLAUSE cw 10 02 SCHEDULE OF NAMED INSURED S 07 94 INSTALLMENT PREMIUM SCHEDULE cw 10 02 SCHEDULE OF LOCATIONS 11 98 COMMON POLICY CONDITIONS 09 08 NUCLEAR ENERGY LIABILITY EXCLUSION ENDT 09 08 TENNESSEE CHANGES CANC NONRENL IL 00 03 09 08 CALCULATION OF PREMIUM PROPERTY PORTFOLIO PROTECTION FORMS AND ENDORSEMENTS PPP0001 06 06 COMMERCIAL PROP CVG PART DECLARATIONS PPP0220 06 06 ORDINARY PAYROLL LIMITATION PPP0302 03 14 DEP PREM BI CVG UNSCHEDULED LOCS PPP0308 06 06 ENABLING ENDORSEMENT PPP0338 05 10 UNINTENTIONAL ERRORS OR OMISSIONS COVRG. PPP0101 03 14 COMMERCIAL PROP CVG PART GEN PROVISIONS PPP0102 03 14 COMMERCIAL PROPERTY CONDITIONS PPP0103 03 14 COMMERCIAL PROPERTY DEFINITIONS PPP0110 03 14 REAL AND PERSONAL PROPERTY COVERAGE FORM PPP0111 03 14 ADDITIONAL COVERAGES FORM PPP0112 03 14 ACCOUNTS RECEIVABLE CVG REVENUE LOSS PPP0114 03 14 FINE ARTS COVERAGE FORM PPP0115 03 14 INSTALLATION SERVICE PROPERTY CVG FORM PPP0116 03 14 ORIGINAL INFORMATION PROPERTY CVG FORM PPP0117 03 14 TRANSIT COVERAGE FORM PPP0130 03 14 BUS INC COVG FORM EXCL EXTRA EXPENSE PPP0132 03 14 EXTRA EXPENSE COVERAGE FORM PPP0310 03 14 FLOOD COVERAGE PPP0320 03 14 OFF PREM SERVICE INTERRUPTION DD PPP0321 03 14 OFF PREM SERVICE INTERRUPTION TE PPP0502 03 14 LOSS PAYABLE PROVISIONS PPP9901 03 14 PROP PORTFOLIO PROTEC ADVISORY NOTICE GENERAL LIABILITY FORMS AND ENDORSEMENTS U GL1517 B CW 04 13 RECORD OR DISTRB OF MATRL OR INFO EXCL U GL851 B CW 06 04 EMPLOYEE BENEFITS LIAB OCCURRENCE COV U GL923 B CW 06 04 SILICA OR SILICA MIXED DUST EXCLUSION U GL D851 B CW 09 04 EMPLOYEE BENEFITS LIAB OCCURRENCE COV U GL D1115 B CW 09 04 COMMERCIAL GL COVERAGE PART DECLARATIONS U GL1113 A CW 10 02 COMM GENERAL LIABILITY COVERAGE SCHEDULE CG 00 01 04 13 COMMERCIAL GENERAL LIABILITY COV FORM UGL1171ACW 07 03 FUNGI OR BACTERIA EXCLUSION U GL1342 A CW 10 07 LEAD LIABILITY EXCLUSION U GL1178ACW 07 03 ASBESTOS EXCLUSION ENDORSEMENT U GL852 A CW 07 96 EMPL BENEFITS LIAB OCCURRENCE DED ENDT CG 21 47 12 07 EMPLOYMENT RELATED PRACTICES EXCLUSION U GU619 A CW 1002 SCHEDULE OF FORMS AND ENDOR Zurich American Insurance E TV e s CPO 5833412 02 DULE OF FORMS AND ENDORSEMENTS American Insurance Company Of Illinois Effective Date 09 30 1 1201 A.M. Standard Tin OF PREM. RELATING TO DISP. OF TRIA LOSSES FROM CERTIFIED ACTS OF TER POLICY DECLARATIONS LE OF FORMS AND ENDORSEMENTS NT NOTICE IN WITNESS CLAUSE LE OF NAMED INSURED S MENT PREMIUM SCHEDULE LE OF LOCATIONS POLICY CONDITIONS 2 ENERGY LIABILITY EXCLUSION ENDT SEE CHANGES CANC NONRENL TION OF PREMIUM D ENDORSEMENTS IAL PROP CVG PART DECLARATIONS Y PAYROLL LIMITATION M BI CVG UNSCHEDULED LOCS NG ENDORSEMENT ITIONAL ERRORS OR OMISSIONS COVRG. IAL PROP CVG PART GEN PROVISIONS AL PROPERTY CONDITIONS IAL PROPERTY DEFINITIONS D PERSONAL PROPERTY COVERAGE FORM ONAL COVERAGES FORM S RECEIVABLE CVG REVENUE LOSS RTS COVERAGE FORM LATION SERVICE PROPERTY CVG FORM LL INFORMATION PROPERTY CVG FORM COVERAGE FORM COVG FORM EXCL EXTRA EXPENSE PENSE COVERAGE FORM VERAGE SERVICE INTERRUPTION DD M SERVICE INTERRUPTION TE YABLE PROVISIONS DRTFOLIO PROTEC ADVISORY NOTICE NTS OR DISTRB OF MATRL OR INFO EXCL E BENEFITS LIAB OCCURRENCE COV OR SILICA MIXED DUST EXCLUSION BENEFITS LIAB OCCURRENCE COV AL GL COVERAGE PART DECLARATIONS ERAL LIABILITY COVERAGE SCHEDULE IAL GENERAL LIABILITY COV FORM R BACTERIA EXCLUSION ABILITY EXCLUSION DS EXCLUSION ENDORSEMENT NEFITS LIAB OCCURRENCE DED ENDT IENT RELATED PRACTICES EXCLUSION | 2 |
Policy Number CPO 5833412 02 SCHEDULE OF FORMS AND ENDORSEMENTS Zurich American Insurance Company Named Insured HEALTH TECH LLC Of Illinois Effective Date 09 30 14 1201 A.M Standard Time Agent Name LOCKTON COMPANIES LLC Agent No. 37385 000 AUTOMOBILE FORMS AND ENDORSEMENTS U CA531 B 02 08 U CA D600 C 04 14 10 13 01 14 10 13 10 13 10 13 01 14 11 13 U CA424 F CW 04 14 CA 99 33 02 99 U CA339 C TX 11 13 U GU619 A CW 1002 NOTICE REGARDING TERRORISM PREMIUM BUSINESS AUTO DECLARATIONS BUSINESS AUTO COVERAGE FORM NY CHANGES IN BUSINESS AUTO AND TRUCKERS WASHINGTON CHANGES OREGON CHANGES TEXAS CHANGES NEW YORK CHANGES CANCELLATION TX CHANGES CANCELLATION AND NONRENEWAL COVERAGE EXTENSION ENDORSEMENT EMPLOYEES AS INSUREDS TEXAS AUTOMOBILE BURGLARY AND THEFT PREV SCHEDULE OF FORMS AND ENDOR Zurich American Insurance E TV e s CPO 5833412 02 DULE OF FORMS AND ENDORSEMENTS American Insurance Company Of Illinois Effective Date 09 30 1 1201 A.M. Standard Tin ULOUMUBDLLE rURMS AND ENDOUROLEMENLS CA531 B CA D600 C 00 01 R o pird w o 02 43 CA424 F CW A 99 33 CA339 C TX 02 08 04 14 10 13 01 14 10 13 10 13 10 13 01 14 11 13 04 14 02 99 11 13 NOTICE REGARDING TERRORISM PREMIUM BUSINESS AUTO DECLARATIONS BUSINESS AUTO COVERAGE FORM NY CHANGES IN BUSINESS AUTO AND TRUCKERS WASHINGTON CHANGES OREGON CHANGES TEXAS CHANGES NEW YORK CHANGES CANCELLATION TX CHANGES CANCELLATION AND NONRENEWAL COVERAGE EXTENSION ENDORSEMENT EMPLOYEES AS INSUREDS TEXAS AUTOMOBILE BURGLARY AND THEFT PREV | 2 |
Z ZURICH Important Notice In Witness Clause In return for the payment of premium and subject to the terms of this policy coverage is provided as stated in this policy. IN WITNESS WHEREOF this Company has executed and attested these presents and where required by law has caused this policy to be countersigned by its duly Authorized Representatives. Januy DV ulles D ok President Corporate Secretary QUESTIONS ABOUT YOUR INSURANCE Your agent or broker is best equipped to provide information about your insurance. Should you require additional information or assistance in resolving a complaint call or write to the following please have your policy or claim number ready Zurich in North America Customer Inquiry Center 1400 American Lane Schaumburg lllinois 60196 1056 1 800 382 2150 Business Hours 8 am 4 pm CT Email info.sourcezurichna.com 56 4 pm CT U GU319 F 0109 Page Lof | 2 |
Policy Number CPO 5833412 02 SCHEDULE OF NAMED INSUREDS ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS Named Insured HEALTH TECH LLC Effective Date 09 30 14 1201 A.M. Standard Time Agent Name LOCKTON COMPANIES LLC Agent No. 37385 000 NAMED INSURED HEALTH TECH LLC HEALTHTECH MANAGEMENT SERVICES INC. HEALTHTECH SOLUTIONS GROUP LLC HTSG HOLDINGS LLC GAFFEY ASSOCIATES INC. HT GAF HOLDINGS LLC U GU621 A CW 1002 SCHEDULE OF NAMED INSUREDS ZURICH AMERICAN INSURANCE COMPAL OE 111 INOIC PO 5833412 02 tfantive Nata ne. 2AA 17 H LLC EALTH TECH LLC EALTHTECH MANAGEMENT SERVICES INC. EALTHTECH SOLUTIONS GROUP LLC TSG HOLDINGS LLC AFFEY ASSOCIATES INC. T GAF HOLDINGS LLC | 2 |
INSTALLMENT PREMIUM SCHEDULE The total premium shown in the Declarations of this policy is made payable in installments on the dates and in the amount shown below. PAYMENT TOTAL DUE P PREMIUM 06301 TOTAL Failure to pay the Installment Premium by the Date Due shown shall constitute non payment of premium for which we may cancel this policy. U GU406 A 0794 PAGE 1 OF 1 YMENT E 3014 23014 33015 53015 DTAL STANDARD PREMIUM.00.00.00.00.00 TAXES PREPAID 23.01 23.01 P TOTAL PREMIUM 01.00.00.00 01 6989. 6986. 6986. 6986. 27947 00 00 00 00 00 nan nan nan nan 23.01 oo ow ow 7012. 6986. 6986. 6986. 27970 01 00 00 00 01 nan nan nan nan 23.01 | 2 |
Policy Number CPO 5833412 02 SCHEDULE OF LOCATIONS Zurich American Insurance Company Of Illinois Named Insured HEALTH TECH LLC Effective Date 09 30 14 1201 A.M Standard Time AgentName LOCKTON COMPANIES LLC AgentNo. 37385 000 Designated Locations Occupancy INTERNATIONAL LN ISUITE 200 ADISON WI 53704 2745 N DALLAS TOLLWAY ISTE 100 AND 150 IPLANO TX 75093 3000 IRVING BLVD COLO4 DALLAS TX 75247 5110 MARYLAND WAY ISTE 200 BRENTWOOD TN 37027 6150 STONEBRIDGE MALL STE 250 IPLEASANTON CA 94588 615 N 48TH ST IPHOENIX AZ 85008 U GU618 A CW 1002 CPO 5833412 02 SCHEDULE OF LOCATIONS Zurich American Insurance Company Of Illinois 11l ZUU DISON WI 53704 45 N DALLAS TOLLWAY E 100 AND 150 ANO TX 75093 00 IRVING BLVD COLO4 LLAS TX 75247 10 MARYLAND WAY E 200 RENTWOOD TN 37027 50 STONEBRIDGE MALL E 250 EASANTON CA 94588 5 N 48TH ST IOENIX AZ 85008 | 2 |
IL 00 17 11 98 COMMON POLICY CONDITIONS All Coverage Parts included in this policy are subject to the following conditions. A. D. Cancellation 1. The first Named Insured shown in the Declara tions may cancel this policy by mailing or de livering to us advance written notice of cancel lation. 2. We may cancel this policy by mailing or deliv ering to the first Named Insured written notice of cancellation at least a. 10 days before the effective date of cancel lation if we cancel for nonpayment of pre mium or b. 30 days before the effective date of cancel lation if we cancel for any other reason. 3. We will mail or deliver our notice to the first Named Insured s last mailing address known to us. 4. Notice of cancellation will state the effective date of cancellation. The policy period will end on that date. 5. If this policy is cancelled we will send the first Named Insured any premium refund due. If we cancel the refund will be pro rata. If the firs Named Insured cancels the refund may be les than pro rata. The cancellation will be effective even if we have not made or offered a refund. 6. If notice is mailed proof of mailing will be suf ficient proof of notice. Changes This policy contains all the agreements between you and us concerning the insurance afforded. The first Named Insured shown in the Declarations is authorized to make changes in the terms of this policy with our consent. This policy s terms can be amended or waived only by endorsement issued by us and made a part of this policy. Examination Of Your Books And Records We may examine and audit your books and records as they relate to this policy at any time during the policy period and up to three years afterward. Inspections And Surveys 1. We have the right to a. Make inspections and surveys at any time E. b. Give you reports on the conditions we find and Recommend changes. 2. We are not obligated to make any inspections surveys reports or recommendations and any such actions we do undertake relate only to in surability and the premiums to be charged. We do not make safety inspections. We do not un dertake to perform the duty of any person or organization to provide for the health or safety of workers or the public. And we do not war rant that conditions a. Are safe or healthful or b. Comply with laws regulations codes or standards. 3. Paragraphs 1. and 2. of this condition apply not only to us but a to any rating advisory rate service or similar organization which makes in surance inspections surveys reports or recom mendations. 4. Paragraph 2. of this condition does not apply to any inspections surveys reports or recommen dations we may make relative to certification under state or municipal statutes ordinances or regulations of boilers pressure vessels or ele vators. Premiums The first Named Insured shown in the Declarations 1. Is responsible for the payment of all premiums and 2. Will be the payee for any return premiums we pay. Transfer Of Your Rights And Duties Under This Policy Your rights and duties under this policy may not be transferred without our written consent except in the case of death of an individual named insured. If you die your rights and duties will be transferred to your legal representative but only while acting within the scope of duties as your legal representa tive. Until your legal representative is appointed anyone having proper temporary custody of your property will have your rights and duties but only with respect to that property. Pagelof1 O IL 00 17 11 98 Copyright Insurance Services Office Inc. 1998 | 2 |
IL 00 21 09 08 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. NUCLEAR ENERGY LIABILITY EXCLUSION ENDORSEMENT Broad Form This endorsement modifies insurance provided under the following COMMERCIAL AUTOMOBILE COVERAGE PART COMMERCIAL GENERAL LIABILITY COVERAGE PART FARM COVERAGE PART LIQUOR LIABILITY COVERAGE PART MEDICAL PROFESSIONAL LIABILITY COVERAGE PART OWNERS AND CONTRACTORS PROTECTIVE LIABILITY COVERAGE PART POLLUTION LIABILITY COVERAGE PART PRODUCTS COMPLETED OPERATIONS LIABILITY COVERAGE PART RAILROAD PROTECTIVE LIABILITY COVERAGE PART UNDERGROUND STORAGE TANK POLICY. The insurance does not apply A. Under any Liability Coverage to bodily injury C. Under any Liability Coverage to bodily injury or property damage resulting from hazardous or property damage 1 With respect to which an insured under the policy is also an insured under a nu clear energy liability policy issued by Nu clear Energy Liability Insurance Association properties of nuclear material if 1 The nuclear material a is at any nuclear facility owned by or operated by or on be half of an insured or b has been dis charged or dispersed therefrom Mutual Atomic Energy Liability Underwrit 2 The nuclear material is contained in spent ers Nuclear Insurance Association of Can fuel or waste at any time possessed han ada or any of their successors or would be dled used processed stored transported an insured under any such policy but for its or disposed of by or on behalf of an in termination upon exhaustion of its limit of li sured or ability or 3 The bodily injury or property damage 2 Resulting from the hazardous properties arises out of the furnishing by an insured of nuclear material and with respect to which a any person or organization is re quired to maintain financial protection pur suant to the Atomic Energy Act of 1954 or any law amendatory thereof or b the in sured is or had this policy not been issued would be entitled to indemnity from the United States of America or any agency thereof under any agreement entered into of services materials parts or equipment in connection with the planning construction maintenance operation or use of any nu clear facility but if such facility is located within the United States of America its terri tories or possessions or Canada this ex clusion 3 applies only to property dam age to such nuclear facility and any property thereat. by the United States of America or any 2 agency thereof with any person or organi zation. B. Under any Medical Payments coverage to expenses incurred with respect to bodily in jury resulting from the hazardous properties of nuclear material and arising out of the op eration of a nuclear facility by any person or organization.. As used in this endorsement Hazardous properties includes radioactive toxic or explosive properties. Nuclear material means source material special nuclear material or by product material. C. Under any Liability Coverage to bodily injury or property damage resulting from hazardous properties of nuclear material if 1 The nuclear material a is at any nuclear facility owned by or operated by or on be half of an insured or b has been dis charged or dispersed therefrom 2 The nuclear material is contained in spent fuel or waste at any time possessed han dled used processed stored transported or disposed of by or on behalf of an in sured or The bodily injury or property damage arises out of the furnishing by an insured of services materials parts or equipment in connection with the planning construction maintenance operation or use of any nu clear facility but if such facility is located within the United States of America its terri tories or possessions or Canada this ex clusion 3 applies only to property dam age to such nuclear facility and any property thereat. 2. As used in this endorsement Hazardous properties includes radioactive toxic or explosive properties. Nuclear material means source material special nuclear material or by product material. 3 IL 00 21 09 08 ISO Properties Inc. 2007 Page 10f 2 m | 2 |
Source material special nuclear material and by product material have the meanings given them in the Atomic Energy Act of 1954 or in any law amendatory thereof. Spent fuel means any fuel element or fuel com ponent solid or liquid which has been used or exposed to radiation in a nuclear reactor. Waste means any waste material a containing by product material other than the tailings or wastes produced by the extraction or concentra tion of uranium or thorium from any ore processed primarily for its source material content and b resulting from the operation by any person or or ganization of any nuclear facility included under the first two paragraphs of the definition of nu clear facility. Nuclear facility means a Any nuclear reactor b Any equipment or device designed or used for 1 separating the isotopes of uranium or plutonium 2 processing or utilizing spent fuel or 3 handling processing or packaging waste c d Any equipment or device used for the proc essing fabricating or alloying of special nuclear material if at any time the total amount of such material in the custody of the insured at the premises where such equipment or device is located consists of or contains more than 25 grams of pluto nium or uranium 233 or any combination thereof or more than 250 grams of uranium 235 Any structure basin excavation premises or place prepared or used for the storage or disposal of waste and includes the site on which any of the forego ing is located all operations conducted on such site and all premises used for such operations. Nuclear reactor means any apparatus designed or used to sustain nuclear fission in a self supporting chain reaction or to contain a critical mass of fissionable material. Property damage includes all forms of radioactive contamination of property. Page 2 of 2 ISO Properties Inc. 2007 IL 00 21 09 08 o | 2 |
IL 02 50 09 08 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. TENNESSEE CHANGES CANCELLATION AND NONRENEWAL This endorsement modifies insurance provided under the following CAPITAL ASSETS PROGRAM OUTPUT POLICY COVERAGE PART COMMERCIAL AUTOMOBILE COVERAGE PART COMMERCIAL GENERAL LIABILITY COVERAGE PART COMMERCIAL INLAND MARINE COVERAGE PART COMMERCIAL LIABILITY UMBRELLA COVERAGE PART COMMERCIAL PROPERTY COVERAGE PART CRIME AND FIDELITY COVERAGE PART EMPLOYMENT RELATED PRACTICES LIABILITY COVERAGE PART EQUIPMENT BREAKDOWN COVERAGE PART LIQUOR LIABILITY COVERAGE PART MEDICAL PROFESSIONAL LIABILITY COVERAGE PART POLLUTION LIABILITY COVERAGE PART PRODUCTS COMPLETED OPERATIONS LIABILITY COVERAGE PART. Paragraph 5. of the Cancellation Common Policy Condition is replaced by the following 5. If this policy is cancelled we will send the first Named Insured any premium refund due. The refund will be pro rata if a. We cancel or b. The policy is cancelled at the request of a premium finance company that has financed this policy under a premium finance agree ment. The refund may be less than pro rataif the first Named Insured cancels the policy. The cancellation will be effective even if we have not made or offered a refund. B. The following is added to the Cancellation Com mon Policy Condition CANCELLATION OF POLICIES IN EFFECT FOR 60 DAYS OR MORE If this policy has been in effect for 60 days or more or if this policy is a renewal of a policy we issued we may cancel this policy only for one or more of the following reasons 1. Nonpayment of premium including any addi tional premium calculated in accordance with our current rating manual justified by a physi cal change in the insured property or a change in its occupancy or use 2. Your conviction of a crime increasing any haz ard insured against 3. Discovery of fraud or material misrepresenta tion on the part of either of the following a. You or your representative in obtaining this insurance or b. You in pursuing a claim under this policy 4. Failure to comply with written loss control recommendations 5. Material change in the risk which increases the risk of loss after we issued or renewed insur ance coverage 6. Determination by the insurance commissioner that the continuation of the policy would jeop ardize our solvency or would place us in viola tion of the insurance laws of Tennessee or any other state 7. Your violation or breach of any policy terms or conditions or 8. Other reasons that are approved by the insur ance commissioner. Notice of cancellation will state the reason for can cellation. IL 02 50 09 08 ISO Properties Inc. 2007 Page 10f 2 m | 2 |
C. The following is added and supersedes any provi sions to the contrary NONRENEWAL 1. If we decide not to renew this policy we will mail or deliver written notice of nonrenewal to the first Named Insured and agent at least 60 days before the expiration date unless a. We have offered to issue a renewal policy or b. You have obtained replacement coverage or have agreed in writing to obtain replace ment coverage. 2. Any notice of nonrenewal will be mailed or delivered to the first Named Insured s and agent s addresses shown in the policy. If notice is mailed proof of mailing will be sufficient proof of notice. D. The following is added to the Premiums Common Policy Condition Whenever an insurance policy which is financed with a premium finance company is cancelled the insurer shall return within 30 days after the effec tive date of the cancellation whatever gross un earned premiums are due under the insurance pol icy directly to the premium finance company for the account of the first Named Insured. Page 2 of 2 ISO Properties Inc. 2007 IL 02 50 09 08 o | 2 |
IL 00 03 09 08 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. CALCULATION OF PREMIUM This endorsement modifies insurance provided under the following CAPITAL ASSETS PROGRAM OUTPUT POLICY COVERAGE PART COMMERCIAL AUTOMOBILE COVERAGE PART COMMERCIAL GENERAL LIABILITY COVERAGE PART COMMERCIAL INLAND MARINE COVERAGE PART COMMERCIAL PROPERTY COVERAGE PART CRIME AND FIDELITY COVERAGE PART EMPLOYMENT RELATED PRACTICES LIABILITY COVERAGE PART EQUIPMENT BREAKDOWN COVERAGE PART FARM COVERAGE PART LIQUOR LIABILITY COVERAGE PART MEDICAL PROFESSIONAL LIABILITY COVERAGE PART OWNERS AND CONTRACTORS PROTECTIVE LIABILITY COVERAGE PART POLLUTION LIABILITY COVERAGE PART PRODUCTS COMPLETED OPERATIONS LIABILITY COVERAGE PART RAILROAD PROTECTIVE LIABILITY COVERAGE PART The following is added The premium shown in the Declarations was com puted based on rates in effect at the time the policy was issued. On each renewal continuation or anni versary of the effective date of this policy we will compute the premium in accordance with our rates and rules then in effect. IL 00 03 09 08 ISO Properties Inc. 2007 Page 10f 1 m | 2 |
Z ZURICH Important Notice to Policyholders In the event you need to contact someone about this policy for any reason please contact your agent. If you have additional ques tions you may contact Zurich North America Commercial at the following address and telephone number Customer Inquiry Center Zurich North America Commercial 1400 American Lane Schaumburg IL 60196 1 800 382 2150 Written correspondence is preferable so that a record of your inquiry may be maintained. When contacting your agent or this company please have your policy number available. U GU830A 0709 Page 1 of 1 | 2 |
Z ZURICH Important Notice Texas Safety Consultation Services Zurich in North America has loss control services available at no additional charge. If you would like additional information regarding these services please contact us or visit our website. If you would like to request services please complete the information on this form and mail it to the address listed below. Zurich Services Corporation Risk Engineering 1400 American Lane Schaumburg lllinois 60196 1056 1 800 982 5964 httpwww.zurichna.com riskengineering request additional safety and health services Company name Contact name Address City State Zip code Telephone number Policy number LC373.C TX 0112 Page 1 of 1 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 SUMMARY OF PREMISES PREMISES 1 PREMISES ADDRESS 2701 INTERNATIONAL LN SUITE 200 MADISON W1 53704 COVERAGE PERSONAL PROPERTY BUSINESS INCOME AND EXTRA EXPENSE LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE LENDER S LOSS PAYABLE REGIONS BANK AS ADMINISTRATIVE AGENT ISAOA ATIMA HEALTHCARE BANKING GROUP ONE NASHVILLE PLACE 150 4TH AVE. N 10TH FLOOR NASHVILLE TN 32719 ROPERTY JOME AND EXTRA EXPENSE PPP0001 06 06 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 SUMMARY OF PREMISES PREMISES 13 PREMISES ADDRESS 2745 N DALLAS TOLLWAY STE 100 AND 150 PLANO TX 75093 COVERAGE PERSONAL PROPERTY BUSINESS INCOME AND EXTRA EXPENSE LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE FLOOD 5000000 OFF PREMISES SERVICE NOT COVERED INTERRUPTION DIRECT DAMAGE DEDUCTIBLE AMOUNT FLOOD 25000 LENDER S LOSS PAYABLE REGIONS BANK AS ADMINISTRATIVE AGENT ISAOA ATIMA HEALTHCARE BANKING GROUP ONE NASHVILLE PLACE 150 4TH AVE. N 10TH FLOOR NASHVILLE TN 32719 oLL PPP0001 06 06 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 SUMMARY OF PREMISES PREMISES 16 PREMISES ADDRESS 3000 IRVING BLVD COLO4 DALLAS TX 75247 COVERAGE PERSONAL PROPERTY BUSINESS INCOME AND EXTRA EXPENSE OFF PREMISES SERVICE INTERRUPTION DIRECT DAMAGE LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE NOT COVERED LENDER S LOSS PAYABLE REGIONS BANK AS ADMINISTRATIVE AGENT ISAOA ATIMA HEALTHCARE BANKING GROUP ONE NASHVILLE PLACE 150 4TH AVE. N 10TH FLOOR NASHVILLE TN 32719 PPP0001 06 06 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 SUMMARY OF PREMISES PREMISES 18 PREMISES ADDRESS 5110 MARYLAND WAY STE 200 BRENTWOOD TN 37027 COVERAGE PERSONAL PROPERTY BUSINESS INCOME AND EXTRA EXPENSE OFF PREMISES SERVICE INTERRUPTION DIRECT DAMAGE LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE NOT COVERED LOSS PAYABLE PITNEY BOWES GLOBAL FINANCIAL SERVICES LLC 2225 AMERICAN DR NEENAH W1 54956 LENDER S LOSS PAYABLE REGIONS BANK AS ADMINISTRATIVE AGENT ISAOA ATIMA HEALTHCARE BANKING GROUP ONE NASHVILLE PLACE 150 4TH AVE. N 10TH FLOOR NASHVILLE TN 32719 PPP0001 06 06 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 SUMMARY OF PREMISES PREMISES 19 PREMISES ADDRESS 6150 STONEBRIDGE MALL STE 250 PLEASANTON CA 94588 COVERAGE PERSONAL PROPERTY BUSINESS INCOME AND EXTRA EXPENSE OFF PREMISES SERVICE INTERRUPTION DIRECT DAMAGE LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE NOT COVERED LENDER S LOSS PAYABLE REGIONS BANK AS ADMINISTRATIVE AGENT ISAOA ATIMA HEALTHCARE BANKING GROUP ONE NASHVILLE PLACE 150 4TH AVE. N 10TH FLOOR NASHVILLE TN 32719 PPP0001 06 06 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 SUMMARY OF PREMISES PREMISES 20 PREMISES ADDRESS 615N 48TH ST PHOENIX AZ 85008 COVERAGE PERSONAL PROPERTY BUSINESS INCOME AND EXTRA EXPENSE OFF PREMISES SERVICE INTERRUPTION DIRECT DAMAGE LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE INCLUDED IN BLANKET LIMIT OF INSURANCE NOT COVERED LENDER S LOSS PAYABLE REGIONS BANK AS ADMINISTRATIVE AGENT ISAOA ATIMA HEALTHCARE BANKING GROUP ONE NASHVILLE PLACE 150 4TH AVE. N 10TH FLOOR NASHVILLE TN 32719 PPP0001 06 06 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 BLANKET LIMITS OF INSURANCE PERSONAL PROPERTY BLANKET LIMIT OF INSURANCE 2044980 The above Limit of Insurance is the most we will pay for direct physical loss or damage in any one occurrence for all personal property at premises for which the Limit of Insurance is shown as Included in Blanket Limit of Insurance. If personal property coverage does not apply at any specific premises the Limit of Insurance will show as Not Covered for those premises. If a more specific Limit of Insurance is shown for personal property at a premises that Limit of Insurance replaces and is not in addition to the Blanket Limit of Insurance. BUSINESS INCOME AND EXTRA EXPENSE BLANKET LIMIT OF INSURANCE 17832051 The above Limit of Insurance is the most we will pay for in any one occurrence for all loss of business income and extra expense at premises for which the Limit of Insurance is shown as Included in Blanket Limit of Insurance. If business income or extra expense coverage does not apply at any specific premises the Limit of Insurance will show as Not Covered for those premises. If a more specific Limit of Insurance is shown for business income or extra expense at a premises that Limit of Insurance replaces and is not in addition to the Blanket Limit of Insurance. PPP0001 06 06 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 ADDITIONAL COVERAGES LIMITS OF INSURANCE Limits of Insurance applicable at a premises that differ from those indicated below will be shown under the Summary of Premises section of this Declarations for that premises. Those Limits of Insurance replace and are not in addition to the Limits of Insurance shown below for those specified coverages and premises. If any Additional Coverages do not apply at any specific premises the Limit of Insurance will show as Not Covered for those premises. If a specific coverage is shown at a premises as Included in Blanket Limit of Insurance then that Blanket Limit of Insurance replaces and is not in addition to the Limits of Insurance shown below for that coverage. COVERAGE LIMIT OF INSURANCE CIVIL AUTHORITY BUSINESS INCOME 30 DAYS EXTRA EXPENSE 30 DAYS CONSEQUENTIAL LOSS NET LEASEHOLD 25000 PER PREMISES INTEREST CONSEQUENTIAL LOSS TENANT S 250000 PER PREMISES IMPROVEMENTS AND BETTERMENTS CONSEQUENTIAL LOSS UNDAMAGED STOCK 250000 PER PREMISES CONTAMINATION BY A REFRIGERANT 25000 PER PREMISES CONTRACTUAL PENALTIES BUSINESS INCOME 25000 PER OCCURRENCE DEBRIS REMOVAL COVERED PROPERTY COVERED DEBRIS REMOVAL SUPPLEMENTAL LIMIT 250000 PER OCCURRENCE DEBRIS REMOVAL UNCOVERED PROPERTY 2500 PER OCCURRENCE DEFERRED PAYMENTS 50000 PER OCCURRENCE DEPENDENT BUSINESS INCOME UNSCHEDULED. 250000 PER OCCURRENCE LOCATIONS ELECTRONIC VANDALISM BUSINESS INCOME 25000 ANNUAL AGGREGATE DIRECT DAMAGE 25000 ANNUAL AGGREGATE LIMIT OF INSURANCE 30 DAYS 30 DAYS 25000 PER PREMISES 250000 PER PREMISES 250000 25000 25000 250000 2500 50000 250000 PER PREMISES PER PREMISES PER OCCURRENCE COVERED PER OCCURRENCE PER OCCURRENCE PER OCCURRENCE PER OCCURRENCE 25000 ANNUAL AGGREGATE 25000 ANNUAL AGGREGATE PPP0001 06 06 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 ADDITIONAL COVERAGES LIMITS OF INSURANCE Limits of Insurance applicable at a premises that differ from those indicated below will be shown under the Summary of Premises section of this Declarations for that premises. Those Limits of Insurance replace and are not in addition to the Limits of Insurance shown below for those specified coverages and premises. If any Additional Coverages do not apply at any specific premises the Limit of Insurance will show as Not Covered for those premises. If a specific coverage is shown at a premises as Included in Blanket Limit of Insurance then that Blanket Limit of Insurance replaces and is not in addition to the Limits of Insurance shown below for that coverage. COVERAGE LIMIT OF INSURANCE EXPEDITING EXPENSE 25000 PER PREMISES EXPENSE TO REDUCE LOSS BUSINESS INCOME COVERED EXTENDED PERIOD OF INDEMNITY BUSINESS 90 DAYS INCOME EXTRA EXPENSE 25000 PER PREMISES FAIRS OR EXHIBITIONS BUSINESS INCOME 10000 PER OCCURRENCE PERSONAL PROPERTY 50000 PER OCCURRENCE FIRE DEPARTMENT SERVICE CHARGE 250000 PER PREMISES FIRE PROTECTIVE EQUIPMENT REFILLS COVERED INFLATION GUARD PERSONAL PROPERTY 4 ANNUAL INGRESS EGRESS BUSINESS INCOME 30 DAYS EXTRA EXPENSE 30 DAYS LOCK AND KEY REPLACEMENT 25000 PER PREMISES MICROORGANISMS 25000 ANNUAL AGGREGATE MICROORGANISMS BUSINESS INCOME 25000 ANNUAL AGGREGATE 25000 PER PREMISES 10000 PER OCCURRENCE 50000 PER OCCURRENCE 250000 PER PREMISES COVERED 4 ANNUAL 30 30 25000 25000 25000 DAYS DAYS PER PREMISES ANNUAL AGGREGATE ANNUAL AGGREGATE PPP0001 06 06 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 ADDITIONAL COVERAGES LIMITS OF INSURANCE Limits of Insurance applicable at a premises that differ from those indicated below will be shown under the Summary of Premises section of this Declarations for that premises. Those Limits of Insurance replace and are not in addition to the Limits of Insurance shown below for those specified coverages and premises. If any Additional Coverages do not apply at any specific premises the Limit of Insurance will show as Not Covered for those premises. If a specific coverage is shown at a premises as Included in Blanket Limit of Insurance then that Blanket Limit of Insurance replaces and is not in addition to the Limits of Insurance shown below for that coverage. COVERAGE LIMIT OF INSURANCE NEWLY ACQUIRED PREMISES REAL PROPERTY 2000000 FOR 180 DAYS PERSONAL PROPERTY 1000000 FOR 180 DAYS BUSINESS INCOME 250000 FOR 180 DAYS EXTRA EXPENSE 25000 FOR 180 DAYS THE ABOVE LIMITS APPLY SEPARATELY TO EACH LIMIT OF INSURANCE 2000000 FOR 180 DAYS 1000000 FOR 180 DAYS 250000 FOR 180 DAYS 25000 FOR 180 DAYS THE ABOVE LIMITS APPLY SEPARATELY TO EACH NEWLY ACQUIRED PREMISES NEWLY ACQUIRED PROPERTY REAL PROPERTY PERSONAL PROPERTY OFF PREMISES SERVICE INTERRUPTION DIRECT DAMAGE OFF PREMISES SERVICE INTERRUPTION BUSINESS INCOME AND EXTRA EXPENSE ORDINARY PAYROLL LIMITATION OUTDOOR TREES SHRUBS PLANTS OR LAWNS 2000000 1000000 100000 100000 90 250000 5000 PER PREMISES FOR 180 DAYS PER PREMISES FOR 180 DAYS PER PREMISES PER PREMISES DAYS PER PREMISES PER TREE SHRUB PLANT OR LAWN 100000 PER PREMISES 90 DAYS 250000 PER PREMISES 5000 PERTREE SHRUB PLANT OR LAWN POLLUTANT CLEAN UP AND REMOVAL LAND AND WATER PRESERVATION OF PROPERTY 100000 ANNUAL AGGREGATE PER PREMISES 180 DAYS PPP0001 06 06 nan nan nan nan 10.0 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 ADDITIONAL COVERAGES LIMITS OF INSURANCE Limits of Insurance applicable at a premises that differ from those indicated below will be shown under the Summary of Premises section of this Declarations for that premises. Those Limits of Insurance replace and are not in addition to the Limits of Insurance shown below for those specified coverages and premises. If any Additional Coverages do not apply at any specific premises the Limit of Insurance will show as Not Covered for those premises. If a specific coverage is shown at a premises as Included in Blanket Limit of Insurance then that Blanket Limit of Insurance replaces and is not in addition to the Limits of Insurance shown below for that coverage. COVERAGE LIMIT OF INSURANCE PROFESSIONAL FEES 25000 PER OCCURRENCE REPORTED UNSCHEDULED PREMISES REAL PROPERTY NOT COVERED PERSONAL PROPERTY NOT COVERED BUSINESS INCOME NOT COVERED EXTRA EXPENSE NOT COVERED REWARD PAYMENTS 25000 PER OCCURRENCE SALESPERSONS SAMPLES 25000 PER OCCURRENCE SPOILAGE EQUIPMENT BREAKDOWN 100000 PER PREMISES THEFT DAMAGE TO BUILDINGS COVERED UNINTENTIONAL ERRORS AND OMISSIONS 50000 PER OCCURRENCE COVERAGE UNREPORTED PREMISES REAL PROPERTY 100000 PER UNREPORTED PREMISES PERSONAL PROPERTY 100000 PER UNREPORTED PREMISES EXTRA EXPENSE 10000 PER UNREPORTED PREMISES BUSINESS INCOME 10000 PER UNREPORTED PREMISES LIMIT OF INSURANCE 25000 PER OCCURRENCE 25000 25000 100000 50000 NOT COVERED NOT COVERED NOT COVERED NOT COVERED PER OCCURRENCE PER OCCURRENCE PER PREMISES COVERED PER OCCURRENCE Laae 100000 100000 10000 10000 PER UNREPORTED PREMISES PER UNREPORTED PREMISES PER UNREPORTED PREMISES PER UNREPORTED PREMISES PPP0001 06 06 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 MARINE COVERAGE LIMITS OF INSURANCE Limits of Insurance applicable at a premises that differ from those indicated below will be shown under the Summary of Premises section of this Declarations for that premises. Those Limits of Insurance replace and are not in addition to the Limits of Insurance shown below for those specified coverages and premises. If any Marine Coverages do not apply at any specific premises the Limit of Insurance will show as Not Covered for those premises. COVERAGE LIMIT OF INSURANCE ACCOUNTS RECEIVABLE REVENUE LOSS 250000 PER PREMISES ACCOUNTS RECEIVABLE REVENUE 250000 PER OCCURRENCE LOSSAWAY FROM PREMISES FINE ARTS 25000 PER PREMISES FINE ARTS AWAY FROM PREMISES 25000 PER OCCURRENCE INSTALLATION AND SERVICE PROPERTY STOCK TO BE INSTALLED 25000 PER OCCURRENCE INSTALLATION PREMISES LIMIT OF INSURANCE 250000 PER PREMISES 250000 PER OCCURRENCE 25000 PER PREMISES 25000 PER OCCURRENCE INSIALLATIUN AND osERVILE FRUFERTY STOCK TO BE INSTALLED TOOLS AND EQUIPMENT SCHEDULED EQUIPMENT UNSCHEDULED TOOLS EQUIPMENT 25000 PER OCCURRENCE INSTALLATION PREMISES PER OCCURRENCE TEMPORARY STORAGE LOCATION PER OCCURRENCE TRANSIT 25000 25000 NOT COVERED 1000 PER ANY ONE ITEM 10000 PER OCCURRENCE Unscheduled tools and equipment coverage is intended for items valued at or less than the limit per any one item shown above. An item valued at no coverage applies to that item. ORIGINAL INFORMATION PROPERTY ORIGINAL INFORMATION PROPERTY AWAY FROM PREMISES TRANSIT PERSONAL PROPERTY BUSINESS INCOME more than this limit must be specifically scheduled or 250000 250000 PER PREMISES PER OCCURRENCE 25000 PER OCCURRENCE 10000 PER OCCURRENCE 250000 PER PREMISES 250000 PER OCCURRENCE 25000 PER OCCURRENCE 10000 PER OCCURRENCE PPP0001 06 06 nan nan nan nan 12.0 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 DEDUCTIBLES GENERAL DEDUCTIBLES PROPERTY DEDUCTIBLE 5000 PER OCCURRENCE The above deductible applies to all loss damage cost or expense covered by this Commercial Property Coverage Part unless a specific coverage deductible is shown elsewhere on this Declarations or an endorsement. BUSINESS INCOME AND EXTRA EXPENSE 24 HOURS WAITING PERIOD The above waiting period applies to all loss or expense covered by Business Income and Extra Expense coverages contained in this Commercial Property Coverage Part unless a specific coverage deductible is shown elsewhere on this Declarations or an endorsement. OFF PREMISES SERVICE 24 HOURS INTERRUPTION TIME ELEMENT WAITING PERIOD The above waiting period applies to all loss or expense covered by Off Premises Service Interruption Time Element coverage contained in this Commercial Property Coverage Part. CATASTROPHE PERIL DEDUCTIBLES FLOOD DEDUCTIBLES Loss or damage to Covered Property caused by flood is subject to separate deductible amounts. The deductibles applicable to flood are stated in the Summary of Premises section of this Declarations for that specific premises. If the Flood coverage applies to loss or damage at reported unscheduled premises the deductible amounts for reported unscheduled premises are stated on the Catastrophe Coverage Limits of Insurance and Deductibles section of this Declarations. The Flood Deductibles only apply to loss or damage that but for the application of the Deductibles would be paid by us under this Commercial Property Coverage Part. 24 HOURS 24 HOURS PPP0001 06 06 nan nan nan nan 13.0 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 DEDUCTIBLES APPLICATION OF MULTIPLE DEDUCTIBLES Unless otherwise stated in a Coverage Form or endorsement if more than one deductible applies we will apply each deductible separately but the total of all deductible amounts applied will not exceed the highest applicable deductible for loss or damage to Covered Property and the highest applicable deductible for loss under time element coverage. This provision does not apply to Covered Property and time element coverage for covered loss or damage due to earth movement flood named storm or to wind or hail when a separate Wind and Hail Deductible is applicable. PPP0001 06 06 nan nan nan nan 14.0 | 2 |
Z ZURICH Commercial Property Coverage Part Declarations ZURICH AMERICAN INSURANCE COMPANY OF ILLINOIS NAMED INSURED POLICY PERIOD HEALTHTECH LLC From 9302014 To 9302015 1201 A.M. STANDARD TIME AT YOUR MAILING ADDRESS POLICY NUMBER CPO 5833412 02 CATASTROPHE COVERAGE LIMITS OF INSURANCE AND DEDUCTIBLES Catastrophe Coverages shown below apply only at those premises that show an applicable Limit of Insurance for that Catastrophe Coverage in the Summary of Premises section of this Declarations. If coverage applies at reported unscheduled premises those Limits of Insurance and Deductibles are shown below. CATASTROPHE COVERAGE LIMIT OF INSURANCE AND DEDUCTIBLES FLOOD PREMISES OCCURRENCE ANNUAL AGGREGATE DEDUCTIBLE SEE SUMMARY OF PREMISES SECTION 5000000 5000000 SEE SUMMARY OF PREMISES SECTION PPP0001 06 06 nan nan nan nan 15.0 | 2 |
Z ZURICH Ordinary Payroll Limitation THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies the following COMMERCIAL PROPERTY DEFINITIONS A. The definition of continuing expensesis replaced by the following Continuing expenses means a. Your continuing normal operating expenses including 1 Payroll other than ordinary payroll 2 Ordinary payroll but only for the number of days shown on the Declarations as the Limit of Insurance for Ordinary Payroll. If the Limit of Insurance for Ordinary Payroll is 0 Zero Number of Days then there will be no inclusion of any ordinary payroll 3 Rental payments as tenants and 4 Factory overhead and b. Charges which are the legal obligations of your tenants and have not been satisfied and which are now your obligation. Continuing expenses does not mean a. Extraexpense b. Expediting expense or c. Research and development continuing expenses B. The following definitions are added 1. Ordinary payroll means payroll expenses for all your employees including leased or temporary employees except a. Officers b. Executives c. Partners d. Managers and Includes copyrighted material of ISO Commercial Risk Services Inc. with its permission Copyright ISO Commercial Risk Services Inc PPP0220 06 06 Page 1 of 2 | 2 |
e. Department managers. Payroll expenses mean the following expenses a. Payroll b. Employee benefits directly related to payroll c. FICA contributions that you pay d. Union dues that you pay e. Workers compensation premiums and f. State and Federal unemployment compensation premiums. Includes copyrighted material of ISO Commercial Risk Services Inc. with its permission Copyright ISO Commercial Risk Services Inc PPP0220 06 06 Page 2 of 2 | 2 |
Z ZURICH.. LUKILAO Dependent Premises Business Income Coverage Unscheduled Locations THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies the following BUSINESS INCOME COVERAGE FORM EXCLUDING EXTRA EXPENSE BUSINESS INCOME COVERAGE FORM INCLUDING RESEARCH AND DEVELOPMENT CONTINUING EXPENSES EXCLUDING EXTRA EXPENSETECHNOLOGY COMMERCIAL PROPERTY DEFINITIONS EXTRA EXPENSE COVERAGE FORM A. COVERAGE The following is added to Section A. Coverage in the BUSINESS INCOME COVERAGE FORM EXCLUDING EXTRA EXPENSE and Section A. Coverages in the BUSINESS INCOME COVERAGE FORM INCLUDING RESEARCH AND DEVELOPMENT CONTINUING EXPENSES EXCLUDING EXTRA EXPENSETECHNOLOGY We will also pay for the actual loss of business income you sustain due to the necessary suspension of your operations during the period of restoration. The suspension must be caused by direct physical loss of or damage to property including property in the open or in a vehicle at a dependent premises. The loss or damage must be directly caused by a covered cause of loss. The most we will pay in any one occurrence is the Limit of Insurance shown on the Declarations for Dependent Premises Business Income Unscheduled Locations. B. ADDITIONAL COVERAGES With respect to a suspension of your operations caused by direct physical loss of or damage to property including property in the open or in a vehicle at a dependent premises the Civil Authority and Contractual Penalties Additional Coverages in the BUSINESS INCOME COVERAGE FORM EXCLUDING EXTRA EXPENSE and the BUSINESS INCOME COVERAGE FORM INCLUDING RESEARCH AND DEVELOPMENT CONTINUING EXPENSES EXCLUDING EXTRA EXPENSETECHNOLOGY are replaced by the following Civil Authority We will pay for the actual loss of business income you sustain for up to 30 days resulting from the necessary suspension or delay in the start of your operations if the suspension or delay is caused by order of civil authority that prohibits access to a dependent premises. That order must result from a civil authority s response to direct physical loss of or damage to property located within one mile from the dependent premises. The loss or damage must be directly caused by a covered cause of loss. The most we will pay under this Additional Coverage is the Limit of Insurance shown on the Declarations for Dependent Premises Business Income Unscheduled Locations. The Limit for this Additional Coverage is included in and not in addition to that Limit of Insurance. Contractual Penalties We will pay contractual penalties you are legally liable to pay under the provisions of a written contract due to late or non completion of orders. Those penalties must be the result of direct physical loss of or damage to property at a dependent premises. The loss or damage must be directly caused by a covered cause of loss. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0302 03 14 Page 10f 3 | 2 |
The most we will pay under this Additional Coverage in any one occurrence is the Limit of Insurance shown on the Declarations for Contractual Penalties.. OPTIONAL COVERAGE If a Blanket Business Income and Extra Expense Limit of Insurance is shown on the Declarations the following Optional Coverage is added to Section A. Coverage in the EXTRA EXPENSE COVERAGE FORM We will pay for the actual and necessary extra expense you incur due to direct physical loss of or damage to property including property in the open or in a vehicle at a dependent premises. The loss or damage must be directly caused by a covered cause of loss. The most we will pay in any one occurrence is the Limit of Insurance shown on the Declarations for Dependent Premises Business Income Unscheduled Locations. This Limit is included in and not in addition to any other applicable Limit of Insurance. If a Blanket Business Income and Extra Expense Limit of Insurance applies the Civil Authority Additional Coverage in the EXTRA EXPENSE COVERAGE FORM applies to the actual and necessary extra expense you incur for up to 30 days after an order of civil authority prohibits access to that dependent premises. That order must result from a civil authority s response to direct physical loss of or damage to property located within one mile from the dependent premises. The loss or damage must be directly caused by a covered cause of loss. The most we will pay under this Additional Coverage is the Limit of Insurance shown on the Declarations for Dependent Premises Business Income Unscheduled Locations. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limit of Insurance.. LOSS DETERMINATION With respect to a suspension of operations caused by direct physical loss of or damage to a dependent premises the Resumption of Operations Loss Determination in the BUSINESS INCOME COVERAGE FORM EXCLUDING EXTRA EXPENSE and the BUSINESS INCOME COVERAGE FORM INCLUDING RESEARCH AND DEVELOPMENT CONTINUING EXPENSES EXCLUDING EXTRA EXPENSETECHNOLOGY is replaced by the following Resumption of Operations We will reduce the amount of business income loss payment to the extent you could resume your operations in whole or in part by using a. Sources of materials or services or b. Outlets for your products or services available to you.. DEFINITIONS With respect to a suspension of operations caused by direct physical loss of or damage to property at a dependent premises the period of restoration definition in the COMMERCIAL PROPERTY DEFINITIONS is replaced by the following Period of restoration means the period of time that a. Begins when the direct physical loss of or damage to property at a dependent premises occurs and b. Ends on the date when the property at that dependent premises should be repaired rebuilt or replaced with reasonable speed and similar quality. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0302 03 14 Page 2 of 3 | 2 |
Period of restoration does not include any increased period required due to the enforcement of any ordinance or law that requires any insured or others to test for monitor clean up remove contain treat detoxify or neutralize or in any way respond to or assess the effects of pollutants or microorganisms. The expiration of this policy will not cut short the period of restoration. Coverage provided by this endorsement does not apply at any location at which business income coverage is provided by any other Coverage Form included in this Commercial Property Coverage Part. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0302 03 14 Page 3 of 3 | 2 |
Z ZURICH Enabling Endorsement THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies the following COMMERCIAL PROPERTY CONDITIONS REAL AND PERSONAL PROPERTY COVERAGE FORM The provisions of any forms or endorsements that make reference to the BUILDING AND PERSONAL PROPERTY COVERAGE FORM or the CAUSES OF LOSS SPECIAL FORM are applicable to the COMMERCIAL PROPERTY CONDITIONS and the REAL AND PERSONAL PROPERTY COVERAGE FORM. Includes copyrighted material of ISO Properties Inc. with its permission Copyright ISO Properties Inc. PPP0308 06 06 Page 10f 1 | 2 |
Z ZURICH Unintentional Errors or Omissions Coverage THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following ADDITIONAL COVERAGES FORM BUSINESS INCOME COVERAGE FORM EXCLUDING EXTRA EXPENSE The following is added to Section A. Additional Coverages in the ADDITIONAL COVERAGES FORM and Section B. Additional Coverages in the BUSINESS INCOME COVERAGE FORM EXCLUDING EXTRA EXPENSE Unintentional Errors or Omissions 1. We will pay for direct physical loss of or damage to Covered Property and the actual loss of business income you sustain which is not payable under this policy as a result of a. Your unintentional error or omission in the description or location of such Covered Property or b. Failure to include a premises you own lease rent or control as of the effective date shown on the Declarations due to your unintentional error or omission. We will pay such loss or damage only to the extent such loss or damage would have been covered under the terms and conditions of this Commercial Property Coverage Part if the unintentional error or omission had not been made. This Additional Coverage applies only if a. You report and correct such unintentional error or omission when discovered and b. You pay any additional premium that may be due. This Additional Coverage does not apply if a. You collect or are entitled to collect any portion of the loss or damage under this or any other policy or b. The loss or damage is caused directly or indirectly by earth movement or flood. The most we will pay under this Additional Coverage for direct physical loss of or damage to Covered Property and the actual loss of business incomeyou sustain in any one occurrence is the Limit of Insurance shown on the Declarations for Unintentional Errors or Omissions. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0338 05 10 Page 10f 1 | 2 |
Z ZURICH Commercial Property Coverage Part General Provisions IMPORTANT INFORMATION ABOUT THIS COMMERCIAL PROPERTY COVERAGE PART. PLEASE READ IT CAREFULLY. Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights duties and what is and what is not covered. DEFINITIONS AND MEANINGS Throughout this Commercial Property Coverage Part the words you and your refer to the Named Insured shown on the Commercial Property Coverage Part Declarations. The words we us and our refer to the Company providing this insurance coverage. The word occurrence includes all losses or damages that are attributable directly or indirectly to one cause or a series of similar causes. All such losses or damages will be treated as one occurrence. However if occurrence is specifically defined in a Coverage Form that definition applies to the insurance provided by that Coverage Form and any endorsements to that Coverage Form. For purposes of this Commercial Property Coverage Part a. Covered Property is the property that is insured for loss or damage under the applicable Coverage Forms or endorsements. b. Covered Income is the income that is insured for loss under the applicable Coverage Forms or endorsements. Other words and phrases that appear in bold and in quotation marks or in quotation marks only have special meaning. You will find these definitions in the Commercial Property Definitions Coverage Forms and in endorsements to the Coverage Forms. Words or phrases that are not defined are intended to have their ordinary or common meaning. Disputes concerning the meaning of words or phrases will be resolved using the most recently published version of Webster s Unabridged Dictionary. Unless otherwise stated words that are used in the plural tense include the singular tense and vice versa. FORMS In addition to these General Provisions the Commercial Property Coverage Part contains the Common Policy Conditions Commercial Property Conditions Commercial Property Definitions and various Coverage Forms and endorsements as shown on the Property Forms and Endorsements Section of the Schedule of Forms and Endorsements. Some forms and endorsements may refer to other Coverage Forms but you only have coverage under a particular Coverage Form if it is shown on the Property Forms and Endorsements Section of the Schedule of Forms and Endorsements. Similarly even if the Property Forms and Endorsements Section of the Schedule of Forms and Endorsements shows that you have a Coverage Form you will not have coverage for each coverage and optional coverage mentioned in that Coverage Form unless they are shown on the Commercial Property Coverage Part Declarations. PPP0101 03 14 Page 1 of 2 | 2 |
DEDUCTIBLES If a deductible applies it is described in the applicable Coverage Form or endorsement. The amount of the deductible to be applied is shown on the Summary of Premises Deductibles or Catastrophe Coverage Limits of Insurance and Deductibles sections of the Commercial Property Coverage Part Declarations. Unless otherwise stated in a Coverage Form or endorsement if more than one deductible applies we will apply each deductible separately but the total of all deductible amounts applied will not exceed the highest applicable deductible for loss or damage to Covered Property and the highest applicable deductible for loss under time element coverage. However this provision does not apply to Covered Property and time element coverage for covered loss or damage due to earth movement flood or named storm or to wind or hail when a separate Wind Deductible or Wind and Hail Deductible is applicable. Loss or damage to Covered Property caused by earth movement flood named storm water damage theft and wind or hail may be subject to separate deductible amounts. The Summary of Premises section of the Commercial Property Coverage Part Declarations identify the premises subject to the separate deductibles and the deductible amounts. If the Earth Movement Deductibles Flood Deductibles Named Storm Deductibles or Wind and Hail Deductibles apply to loss or damage at reported unscheduled premises to contractor s equipment away from premises or to installation property away from premises the deductible amounts are stated on the Catastrophe Coverage Limits of Insurance and Deductibles section of the Commercial Property Coverage Part Declarations. The Earth Movement Deductibles Flood Deductibles Named Storm Deductibles Wind Deductibles and Wind and Hail Deductibles only apply to loss or damage that but for the application of the Deductibles would be paid by us under this Commercial Property Coverage Part. PPP0101 03 14 Page 2 of 2 | 2 |
Z ZURICH Commercial Property Conditions Table of Contents Conditions Abandonment... Appraisal Concealment Misrepresentation or Fraud... Conformity to Statute Control of Property Duties in the Event of Loss or Damage Insurance Under Two or More Coverages...... Legal Action Against Us........... Liberalization Loss Payment..... Mortgageholders No Benefit to Bailee.. Other Insurance Policy Period Coverage Territory.......... Recovered Property. Suspended Equipment... Transfer of Rights of Recovery Against Others to Us.... | 2 |
2 ZURICH AN s B Commercial Property Conditions This Commercial Property Coverage Part is subject to the following conditions as well as the Common Policy Conditions. A. ABANDONMENT There can be no abandonment of any property to us. B. APPRAISAL If we and you disagree on the value of the property or the amount of the loss either may make written demand for an appraisal of the loss. In this event each party will select a competent disinterested and impartial appraiser who has no direct or indirect financial interest in the claim. The two appraisers will select an umpire. If they can not agree either may request that selection of an umpire be made by a judge of a court having jurisdiction. The appraisers will state separately the value of each item of lost or damaged property as of the date of loss and amount of loss in accordance with the Valuation provisions of the applicable Coverage Form or if not stated the actual cash value and replacement cost. If they fail to agree they will submit their differences to the umpire. A decision agreed to by any two will be binding. Each party will 1. Pay its chosen appraiser and 2. Bear the other expenses of the appraisal and umpire equally. If there is an appraisal we will still retain our right to deny the claim in whole or in part based on the terms and conditions of the policy. C. CONCEALMENT MISREPRESENTATION OR FRAUD This policy is void in any case of fraud by you or any other insured as it relates to this Commercial Property Coverage Part at any time before or after a loss. It is also void as to you or any other insured and we will not pay you or any other insured if you or any other insured at any time before or after a loss intentionally conceal or misrepresent a material fact concerning 1. The insurance provided by this policy 2. The Covered Property 3. Your interest in the Covered Property or 4. A claim under the policy. D. CONFORMITY TO STATUTE Terms of this Commercial Property Coverage Part that are in conflict with the statutes of the state in which this policy is issued are hereby amended to conform to such statutes. E. CONTROL OF PROPERTY Breach of any provision contained in the Commercial Property Conditions or Common Policy Conditions by any person other than you beyond your direction or control will not affect this insurance. The breach of any provision contained in the Commercial Property Conditions or Common Policy Conditions at any one or more locations will not affect coverage at any location where at the time of loss or damage there was no breach. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0102 03 14 Page 1 of 7 | 2 |
F. DUTIES IN THE EVENT OF LOSS OR DAMAGE 1. You must see that the following are done in the event of loss or damage to Covered Property a. b. h. Notify the police if a law may have been broken. Give us prompt notice of the loss or damage including a description of the property involved. As soon as possible give us a description of how when and where the loss or damage occurred. Take all reasonable steps to protect the Covered Property from further damage and keep a record of your expenses necessary to protect the Covered Property for consideration in the settlement of the claim. This will not increase the Limit of Insurance. However we will not pay for any subsequent loss or damage resulting from a cause of loss that is not a covered cause of loss. Also if feasible set the damaged property aside and in the best possible order for examination. At our request give us complete inventories of the damaged and undamaged property. Include quantities costs values and amount of loss claimed. As often as may be reasonably required permit us to inspect the property proving the loss or damage and examine your books and records. Also permit us to take samples of damaged and undamaged property for inspection testing and analysis and permit us to make copies from your books and records. Send us a signed sworn proof of loss containing the information we request to investigate the claim. You must do this within 60 days after our request. We will supply you with the necessary forms. Cooperate with us in the investigation or settlement of the claim. 2. We may examine any insured under oath while not in the presence of any other insured and at such times as may be reasonably required about any matter relating to this insurance or the claim including an insured s books and records. In the event of an examination an insured s answers must be signed. 3. Failure of an agent or one of your employees other than an officer partner manager member director trustee proprietor or risk management employee to notify us of any loss or damage that they know about will not affect the insurance afforded you by this Commercial Property Coverage Part. INSURANCE UNDER TWO OR MORE COVERAGES If two or more of this policy s coverages apply to the same loss or damage we will not pay more than the actual amount of the loss or damage. LEGAL ACTION AGAINST US No one may bring a legal action against us under this Commercial Property Coverage Part unless 1. Al of its terms have been fully complied with and 2. The action is brought within 2 years after the date on which the loss or damage commenced. LIBERALIZATION If we adopt any revision that would broaden the coverage under this Commercial Property Coverage Part without additional premium and within 45 days prior to or during the policy period the broadened coverage will immediately apply to this Commercial Property Coverage Part. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0102 03 14 Page 20f 7 | 2 |
J. LOSS PAYMENT The following apply unless otherwise provided in a Coverage Form in this Commercial Property Coverage Part 1. In the event of loss or damage covered by this Commercial Property Coverage Part at our option we will either a. Pay the amount of the loss or damage b. Pay the cost of repairing or replacing the lost or damaged property c. Take all or any part of the property at an agreed or appraised value or d. Repair rebuild or replace the property with other property of like kind and quality. We will give notice of our intentions within 30 days after we receive the sworn proof of loss. If we elect to exercise option 1.c. with respect to any branded or labeled merchandise or finished stock you may a. Stamp salvage on the merchandise or finished stock or its containers if the stamp will not physically damage the merchandise or finished stock or b. Remove the brands or labels if doing so will not physically damage the merchandise or finished stock. You must relabel the merchandise or finished stock or its containers to comply with the law. We will assume the cost of stamping or removal and charge it to salvage expense. We will not pay you more than your financial interest in the Covered Property. This Commercial Property Coverage Part provides no rights or benefits to any other person or organization unless otherwise provided. Any claim for loss that is covered under this Commercial Property Coverage Part must be presented by you. At our option we may adjust the loss with the owners of lost or damaged property if other than you. If we pay the owners such payment will satisfy your claims against us for the owners property. We will not pay the owners more than their financial interest in the Covered Property. We may elect to defend you against suits arising from claims of owners of Covered Property. We will do this at our expense. We will pay for covered loss or damage within 30 days after we receive the sworn proof of loss if you have complied with all of the terms of this Commercial Property Coverage Part and a. We have reached agreement with you on the amount of the loss or b. Anappraisal award has been made. The first Named Insured shown on the Declarations will be the payee for any payment of claims that we may make with respect to this Commercial Property Coverage Part subject to the Mortgageholders Condition below and any endorsements. However our payment for loss or damage to personal property of others may be to the account of the owner of the property. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0102 03 14 Page 30f 7 | 2 |
MORTGAGEHOLDERS 1. 2. Mortgageholder includes trustee. We will pay for covered loss of or damage to buildings or structures to each mortgageholder shown on the Declarations in their order of precedence as interests may appear. The mortgageholder has the right to receive loss payment even if the mortgageholder has started foreclosure or similar action on the building or structure. If we deny your claim because of your acts or because you have failed to comply with the terms of this Commercial Property Coverage Part the mortgageholder will still have the right to receive loss payment if the mortgageholder a. Pays the premium due under this Commercial Property Coverage Part at our request if you have failed to do so b. Submits a signed sworn proof of loss within 60 days after receiving notice from us of your failure to do so and c. Has notified us of any change in ownership occupancy or substantial change in risk known to the mortgageholder. All of the terms of this Commercial Property Coverage Part will then apply directly to the mortgageholder. If we pay the mortgageholder for any loss or damage and deny payment to you because of your acts or because you have failed to comply with the terms of this Commercial Property Coverage Part a. The mortgageholder s rights under the mortgage will be transferred to us to the extent of the amount we pay and b. The mortgageholder s right to recover the full amount of the mortgageholder s claim will not be impaired. At our option we may pay to the mortgageholder the whole principal on the mortgage plus any accrued interest. In this event your mortgage and note will be transferred to us and you will pay your remaining mortgage debt to us. If we cancel the policy we will give written notice to the mortgageholder at least a. 10 days before the effective date of cancellation if we cancel for your nonpayment of premium or b. 30 days before the effective date of cancellation if we cancel for any other reason. If we elect not to renew the policy we will give written notice to the mortgageholder at least 10 days before the expiration date of this policy. NO BENEFIT TO BAILEE No person or organization other than you having custody of Covered Property will benefit from this insurance. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0102 03 14 Pagedof 7 | 2 |
OTHER INSURANCE 1. You may have other insurance subject to the same plan terms conditions and provisions as the insurance under this Commercial Property Coverage Part. If you do we will pay our share of the covered loss or damage. Our share is the proportion that the applicable Limit of Insurance under this Commercial Property Coverage Part bears to the sum of all the Limits of Insurance covering on the same basis. If there is other insurance covering the same loss or damage other than that described in 1. above we will pay only the least of the following amounts a. Any Limit of Insurance applicable to the Covered Property that has sustained such loss or damage b. The amount of covered loss or damage in excess of the amount due from that other insurance whether you can collect on it or not without application of any deductible amounts contained elsewhere in this Commercial Property Coverage Part or c. The amount we would have paid had such other insurance not existed. Paragraphs 1. and 2. above do not apply to other insurance that is purchased as insurance in excess of the Limit of Insurance under this Commercial Property Coverage Part. POLICY PERIOD COVERAGE TERRITORY Under this Commercial Property Coverage Part 1. We cover loss or damage which happens a. During the policy period shown on the Declarations and b. Within the coverage territory. The coverage territory is a. The United States of America including its territories and possessions and b. Puerto Rico. When this Commercial Property Coverage Part provides coverage for property in transit a. The coverage territory is extended to Canada for property in transit as long as the origin or destination is included in 2. above except when property is being transported by a vessel. b. The coverage territory is extended to everywhere else in the world for property while being transported by an aircraft as long as either the origin or destination is included in 2. above and neither the origin nor the destination is in any country upon which the United States government has imposed sanctions embargoes or similar prohibitions. If the property is in transit by a vessel that originated outside the coverage territory included in 2. above then coverage commences when the property has been fully discharged from the vessel onto a point within the coverage territory. If the property is in transit by a vessel with a destination outside the coverage territory included in 2. above then coverage ends when the property has been loaded on board the vessel. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0102 03 14 Page50f 7 | 2 |
0. RECOVERED PROPERTY 1. If either you or we recover any property after loss settlement that party must give the other prompt notice. At your option you may do one of the following a. Keep the loss payment and transfer the recovered property to us or b. Keep the recovered property and return the loss payment to us. If you do this we will pay for the recovery expenses and the expense to repair the recovered property up to the applicable Limit of Insurance. 2. The amount of loss can be reduced by any salvage recovery through the sale of the damaged Covered Property. a. If following a loss a recovery is made from the sale of damaged Covered Property and your claim has not yet been paid we will be entitled to this salvage recovery until we have recovered our salvaging fees and expenses. The balance of the salvage recovery will be paid to you and the amount of your loss settlement will be reduced by this balance. b. If your claim has already been paid when a salvage recovery is made we will be entitled to the salvage proceeds until we have recovered the difference between the amount we paid you for your claim and the amount we would have paid you had the salvage recovery been handled in accordance with a. above. Any balance of the salvage recovery will then be promptly refunded to you. SUSPENDED EQUIPMENT We or any of our representatives have the right to declare property to be suspended equipment when the property is found to be in or exposed to a dangerous condition provided we have 1. Told you of the dangerous condition immediately upon discovering it and informed you of its designation as suspended equipment and 2. Mailed or delivered a written notice of such condition and designation within 24 hours of the discovery which notice is mailed or delivered to a. Your last known address or b. The address where said object is located. Any designation of suspended equipment can only be rescinded in writing by endorsement to this Commercial Property Coverage Part. Any designation of suspended equipment will result in your receiving a pro rata refund of premium you paid for the coverage of that property under this Commercial Property Coverage Part. However any designation of suspended equipment will be in effect if we have not yet made or offered the refund. TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US If any person or organization to or for whom we make payment under this Commercial Property Coverage Part has rights to recover damages from another those rights are transferred to us to the extent of our payment. That person or organization must do everything necessary to secure our rights and cooperate with our efforts to recover our payment and must do nothing after loss to impair our rights. But you may without restricting your coverage waive your rights against another party in writing 1. Prior to a loss to your Covered Property or Covered Income. 2. After a loss to your Covered Property or Covered Income only if at the time of loss that party is one of the following a. Someone insured under this Commercial Property Coverage Part Includes copyrighted material of Insurance Services Office Inc. with ts permission PPP0102 03 14 Page 6 of 7 PPP0102 03 14 Page 6.0f 7 | 2 |
b. Abusiness firm owned or controlled by you c. A business firm or an individual that owns or controls you or d. Your tenant. Any recovery as a result of subrogation proceedings arising out of a covered loss net of fees including legal fees and expenses we incur in such subrogation proceedings will be shared with you in the following manner 1. We will add the amount of any deductible you incurred to the amount of any other provable uninsured loss you incurred. This is your interest. We will determine the proportion your interest bears to the entire provable loss both insured and uninsured. This is your pro rata share. We will reimburse to you your pro rata share of the recovery after deduction from the total recovery of recovery expenses paid by us and after deduction of any legal fees paid by us. We will retain the balance. We will not owe you any amount for any legal fees or any expenses incurred by you in furtherance of any recovery unless those fees or expenses are approved by us in writing and in advance of your incurring those fees or expenses. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0102 03 14 Page 7 0f 7 | 2 |
Z ZURICH Commercial Property Definitions Accounts receivable records means accounting records you use to document the billing and collection of money due from your customers regardless of what material it is inscribed printed written or recorded upon. Actual cash value means replacement cost reduced by each of the following e. f. Physical deterioration Depreciation Obsolescence Depletion Non conformity to codes regulations or statutes and The cost to reconstruct or remodel undamaged portions of real property. But in no event will actual cash value be higher than the market value. Amount you actually spend means a. The total payments you make to an entity you do not own or operate at the time of loss or damage to repair the damaged real property or personal property and For goods and services provided by entities you own or operate at the time of loss or damage to repair the damaged real property or personal property 1 Direct payroll cost excluding fixed payroll for labor directly chargeable to the repair rebuilding or replacement of the damaged property 2 Replacement cost for your merchandise used in the repair rebuilding or replacement of the damaged property 3 Regular cash selling price less any discounts and expenses you otherwise would have had for your finished stock used in the repair rebuilding or replacement of the damaged property and 4 Replacement cost for your property other than merchandise or finished stock used in the repair rebuilding or replacement of the damaged property if replaced within 24 months otherwise your original cost. Banking premises means the interior of that portion of any building occupied by a banking institution or similar safe depository. Business income means a. b. Net income plus Continuing expenses.. Cessation of work means any period of time when your business activities have ceased. Cessation of work does not mean Includes copyrighted material of insurance Services Office Inc. with its permission PPP0103 03 14 Contains copyrighted material of the American Association of Insurance Services Page 1 0of 17 PPP0103 03 14 Page 1 0of 17 | 2 |
a. Any period of time during which your business activities would not normally have been conducted such as weekends or holidays b. Seasonal activity planned in advance c. Schedule delays due to weather or d. Labor actions beyond your control. 7. Cloud facility means a data centers owned and operated by others whom you depend on to provide information technology services. 8. Computer systems means a. Computer hardware software and electronic data b. Input and output devices c. Data storage devices d. Networking equipment and components e. Firmware and f. Electronic backup facilities including systems accessible through the internet intranets or virtual private networks. 9. Contaminant means any substance that creates an impurity when it mixes with or comes into contact with another substance. 10.Continuing expenses means a. Your continuing normal operating expenses including but not limited to 1 Payroll 2 Rental payments as tenants and 3 Factory overhead and b. Charges which are the legal obligations of your tenants and have not been satisfied and which are now your obligation. Continuing expenses does not mean a. Extra expense b. Expediting expense c. Research and development continuing expenses d. Any charges or expenses that do not necessarily continue during the period of restoration or extended period of indemnity or e. Bad debts. 11. Contractor s employees property means tools and clothing owned by your officers directors partners managers members or employees including leased or temporary employees. Includes copyrighted material of Insurance Services Office Inc.. with its permission Contains copyrighted material of the American Association of Insurance Services PPP0103 03 14 Page 2 0f 17 | 2 |
12. 13. 14 15. 16. 17. Contractor s equipment means a. Equipment tools machinery and other mechanical and electrical devices of a mobile nature used for contracting installation erection repair or moving operations or projects b. Self propelled vehicles designed and used primarily to carry mounted equipment c. Vehicles designed for highway use that are unlicensed and not operated on public roads and d. Watercraft marine floats or barges less than 26 feet long owned by you or owned by others in your care custody or control. Contractor s equipment does not mean a. Contraband or property in the course of illegal transportation or trade b. Aircraft c. Railroad cars d. Temporary or permanent forms shoring scaffolding or falsework e. Contractor s employees property or Recreational watercraft. Contributing locations means locations owned and operated by others who a. You depend on to deliver materials or services directly to you or to others under your contract of sale or b. Pay you royalties licensing fees or commissions under written agreements. Contributing locations does not mean a. Locations owned and operated by others who you depend upon to provide only power communications or other utility services to you or b. Manufacturing locations. Covered cause of loss means a fortuitous cause or event not otherwise excluded which actually occurs during this policy period. Covered cause of loss does not mean a. A fortuitous cause or event whether or not excluded which actually occurred prior to this policy period regardless of the date on which it first becomes manifest or is first discovered or b. Damage. Defective materials means materials which are broken inadequate improper faulty flawed improperly specified contaminated unfit for the purpose intended or which contain a latent defect. Denial of service means the direction of a high volume of inquiries to web site or e mail destinations effectively denying or limiting legitimate access whether or not known to you. Dependent premises means the following types of locations a. Contributing locations b. Recipient locations Includes copyrighted material of Insurance Services Office Inc.. with its permission PPP0103 03 14 Contains copyrighted material of the American Association of Insurance Services Page 3of 17 PPP0103 03 14 Page 3of 17 | 2 |
c. Manufacturing locations and d. Leader locations. If the location is described by an address only it includes the area associated with that address in which you or the occupant are legally entitled to conduct operations and includes that area extending 1000 feet beyond that address. If the location is described by an address and further described by geographic boundaries only the area within such boundaries and within 1000 feet thereof is included. Dependent premises does not mean any of the above locations within any country in which the United States government or Canadian government have imposed sanctions embargoes or similar prohibitions. 18. Duplicate information property means recorded information in any format which can either be copied from an existing original or duplicate or replaced by purchasing an existing duplicate that is available for sale including any material it is recorded upon. Duplicate information property does not mean a. Stock b. Fine arts c. Mone d. Secur e. Electronic data processing hardware. 19. Earth movement means earthquake or other seismic activity rising or shifting of earth including frost heaves or subsidence other than sinkhole collapse. Earth movement does not mean landslide avalanche or volcanic eruption explosion or effusion or tsunami. 20. Electronic data processing hardware means a. A network of electronic components capable of accepting information and processing it according to a plan and which exists primarily to generate information in tangible form or on electronic media as well as air conditioning equipment and fire protection equipment used exclusively for data processing operations b. Telephone equipment and c. Facsimile equipment. Electronic data processing hardware does not mean computers devices or components which a. Exist primarily to control or operate machinery or equipment or to produce stock in process or stock or b. Are stock. 21. Electronic vandalism means a. Willful or malicious electronic alteration manipulation tampering or destruction of accounts receivable records duplicate information property electronic data processing hardware original information property or research and development property b. Introduction of a virus code or similar instruction that disrupts the normal operation of electronic data processing hardware and may destroy alter contaminate or compromise the integrity quality or Includes copyrighted material of Insurance Services Office Inc.. with its permission PPP0103 03 14 Contains copyrighted material of the American Association of Insurance Services Page 4 of 17 | 2 |
d. performance of accounts receivable records duplicate information property electronic data processing hardware original information property or research and development property Unauthorized viewing copying or use of any electronic accounts receivable records duplicate information property original information property or research and development property and Denial of service. 22. Equipment breakdown cause of loss means any of the following 23. 24. a. Artificially generated electrical current including electrical arcing that injures or disturbs electrical devices wiring or equipment Explosion rupture or bursting of steam boilers steam pipes steam engines steam turbines gas turbines or apparatus attached to and forming a part thereof when owned operated or controlled by you except for explosion of accumulated gases or fuel within the furnace of any fired vessel other than gas turbines or within the flues or passages through which the products of combustion pass Any condition or event inside steam boilers steam pipes steam engines steam turbines gas turbines or apparatus attached to and forming a part thereof when owned operated or controlled by you except for explosion of accumulated gases or fuel within the furnace of any fired vessel other than gas turbines or within the flues or passages through which the gases of combustion pass Any condition or event other than an explosion inside hot water boilers other water heating equipment engines other than steam engines or pressure vessels when owned operated or controlled by you and Mechanical or machinery breakdown including rupture or bursting caused by centrifugal force of property owned operated or controlled by you. Extended period of indemnity means the period of time that begins on the date the period of restoration ends and ends on the earlier of a. The date your gross sales including rental income are restored to the amount that would have existed if no direct physical loss or damage occurred or The date calculated by adding the number of days shown on the Declarations for Extended Period of Indemnity Business Income to the date the period of restoration ended. Extended period of indemnity does not mean research and development extended period of indemnity. Extra expense means operating expenses you incur during the period of restoration that would not have been necessary to incur if there had been no direct physical loss or damage to the property provided such expenses are incurred a. b. In an attempt to avoid a suspension of or to continue those operations which have been affected by the direct physical loss or damage to the property or In an attempt to minimize the period of restoration. Extra expense does not mean Costs incurred to purchase merchandise as a replacement for your finished stock Continuing expenses or research and development continuing expenses Costs to repair rebuild or replace any property or research or restore original information property or Amounts incurred on financing or investment activity conducted for your own account. Includes copyrighted material of Insurance Services Office Inc.. with its permission Contains copyrighted material of the American Association of Insurance Services PPP0103 03 14 Page 5 0f 17 | 2 |
25. 26. 27. 28. 29. 30. 31. 32. Fine arts means paintings etchings pictures tapestries and other bona fide works of art rarity historical value or artistic merit such as rugs statuary marbles bronzes antiques furniture rare books antique silver manuscripts porcelains rare glass and bric a brac. Finished stock means goods you have manufactured which are completed and ready for packing shipment installation or sale. Finished stock does not mean goods you have manufactured which are completed and ready for packing shipment installation or sale on a premises or reported unscheduled premises of any retail outlet at which you are insured by Business Income Insurance. Fire protection sprinkler system piping means valves fittings and piping located above the lowest floor and limited to risers check valves control valves gauges feed mains cross mains branch lines arm overs sprigs and automatic sprinkler heads located inside the building as part of the fire protection sprinkler system. Flood means a general and temporary condition of partial or complete inundation of land areas from a. The overflow or the expansion beyond normal boundaries of inland or tidal waters including natural or man made lakes reservoirs ponds brooks rivers streams harbors oceans or any other body of water or watercourse b. Waves or tides including tsunami or their spray whether driven by wind or not. Fungus means any type or form of fungus mold or mildew and any mycotoxins spores scents or by products produced or released by fungi. Goods you have manufactured means a. Goods manufactured at a location you own or operate and b. Goods manufactured at a location that you do not own or operate provided 1 You contracted for the goods to be manufactured exclusively for you and 2 You are the owner or licensee of the design patent trademark or copyright for the goods. Green roofing systems means environmentally friendly roof coverings as defined by the LEED Green Building Rating System of the U.S. Green Building Council or any other trees shrubs plants grass or lawns and other landscaping materials which are part of a vegetated roof. Gross leasehold interest means a. The monthly rental value of the premises or reported unscheduled premises you rent or lease on the date the direct physical loss or damage occurs minus b. The actual monthly rent you pay including taxes insurance janitorial or other services you pay as part of the rent. Example Monthly rental value of your leased premises 1000 Monthly rent including taxes insurance janitorial or other services that you pay for as part of the rent 700 Gross leasehold interest 300 1000 700 300 Includes copyrighted material of Insurance Services Office Inc.. with its permission Contains copyrighted material of the American Association of Insurance Services PPP0103 03 14 Page 6 of 17 | 2 |
33. 34. 35. 36. 37. 38. 39. 40. a. 42. 43. 44. Improvements and betterments means fixtures alterations installations or additions a. Comprising a part of the building you occupy as a tenant but do not own b. Made or acquired at your expense exclusive of rent paid by you or for which you are legally required by written contract to insure and c. Which you can not remove legally. Information technology services means technology services provided under a written contract consisting of a. Maintaining managing or controlling computer systems b. Hosting or facilitating your internet website or web applications and c. Other related technology services. Information technology services does not mean video voice or data communication services. Installation property means materials supplies equipment and machinery and any other similar property owned by you or owned by others which are in your care custody or control that you are contractually responsible for which are intended to become a permanent part of an installation or service premises. Installation property does not mean landscaping materials or land. Installation or service premises means a location that is not owned leased or operated by you at which you are installing constructing or servicing property. Installation or service premises does not mean a rigging premises. Landscaping materials means trees shrubs plants grass lawns and other landscaping materials including green roofing systems owned by you or owned by others which are in your care custody or control that you are contractually responsible for and intended to become a permanent part of an installation or service premises. Landscaping materials does not mean trees shrubs plants grass lawns or other landscaping materials or green roofing systems that exist as a permanent part of an installation or service premises prior to the start of the project. Leader locations means locations owned and operated by others who you depend on to attract customers to your business. Malfunction means any abnormal or imperfect function including the failure to function of machinery systems apparatus or equipment. Manager means a person elected by the members to direct the limited liability company s business affairs. Manufacturing locations means locations owned and operated by others who you depend on to manufacture products for delivery to your customers under contract of sale. Market value means the price which the property might be expected to realize if offered for sale in a fair market on the date of loss or damage. Member means an owner of a limited liability company represented by its membership interest who also may serve as a manager. Merchandise means a. Goods held for sale or installation by you which are not goods you have manufactured and Includes copyrighted material of Insurance Services Office Inc.. with its permission PPP0103 03 14 Contains copyrighted material of the American Association of Insurance Services Page 7 of 17 | 2 |
45. 46. 47. 48. 49. 50. b. Goods you have manufactured which are completed and ready for packing shipment installation or sale on a premises or reported unscheduled premises of any retail outlet at which you are insured by Business Income Insurance. Microorganism means any type or form of organism of microscopic or ultramicroscopic size including but not limited to fungus wet or dry rot virus algae or bacteria or any by product. Mistake means any act or decision whether intentional or negligent including the failure to act or decide of any person group organization or governmental body which creates or allows a result which is unexpected inadequate defective faulty or otherwise unsuitable for the intended purpose. Money means a. Currency coins bullion or bank notes whether or not in current use and b. Travelers checks register checks food stamps and money orders held for sale to the public. Monthly leasehold interest means the original costs you paid for a. Bonus Payments Money you originally paid to acquire your lease but not including rent prepaid rent or security and b. Prepaid Rent Advance rent you paid that will not be refunded to you other than periodic rental payments divided by the number of months left in your lease at the time of the expenditure. Example Original cost of Bonus Payment 4000 With 20 months left in the lease at the time of Bonus Payment 20 Monthly leasehold interest 200 Net income means the net profit or loss including rental income from tenants that would have been earned or incurred before taxes. Net leasehold interest means the sum of a. The net present value of your gross leasehold interest for each remaining month of your lease discounted at the Prime Rate prevailing on the date the direct physical loss or damage occurs rounded to the nearest whole number plus b. Your monthly leasehold interest times the number of months left in your lease on the date direct physical loss or damage occurs rounded to the nearest whole number. Example With 20 months left in lease and 10 Prime Rate Gross leasehold interest 300 Net Present Value Factor x 18.419 for 20 months X 18.419 Subtotal a. 5526 Monthly leasehold interest 200 With 20 months left in lease x20 Subtotal b. 4000 I interest 300 Factor x 18.419 for 20 months X 18.419 5526 old interest 200 ftin lease x 20 4000 Includes copyrighted material of Insurance Services Office Inc.. with its permission Contains copyrighted material of the American Association of Insurance Services PPP0103 03 14 Page 8 of 17 | 2 |
51. 52. 53. 54. Net leasehold interest Subtotal a. Subtotal b. 9526 Newly acquired premises means a permanently fixed location you own lease rent or control. The location becomes a newly acquired premises on the later of a. The date you obtain possession or control of the location or b. The date real property or personal property in which you have an insurable interest is first placed at the location. Newly acquired premises does not mean a. Apremises b. An unreported premises c. Areported unscheduled premises d. A fair or exhibition e. An installation or service premises f. Arigging premises or g. A temporary storage location. Off premises service interruption means the interruption of power or other utility services supplied to a covered location however caused if the interruption takes place away from the covered location. Operations means a. Your business activities occurring at the covered location prior to the physical loss or damage and b. The covered location is tenantable prior to the physical loss or damage. Operations does not mean a. The activities of those with whom you do business b. Investing or financing activities conducted for your own account or c. Research and development operations. Original information property means recorded information in any format which can not be copied from an existing original or duplicate or replaced by purchasing an existing duplicate that is available for sale including any material it is recorded upon. Original information property does not mean a. Stock b. Fine arts c. Mone d. Secur e. Electronic data processing hardware or f. Research and development property. Includes copyrighted material of Insurance Services Office Inc.. with its permission PPP0103 03 14 Contains copyrighted material of the American Association of Insurance Services Page 9 of 17 PPP0103 03 14 Page 9 of 17 | 2 |
55. Outdoor trees shrubs plants or lawns means outdoor trees shrubs plants grass or lawns you own. Outdoor trees shrubs plants or lawns does not mean a. Growing crops b. Standing timber c. Landscaping materials d. Stock or e. Green roofing systems. 56. Period of restoration means the period of time that begins when a. The direct physical loss or damage that causes suspension of your operations occurs or b. The date operations would have begun if the start of operations is delayed because of loss of or damage to any of the following 1 Real property whether complete or under construction 2 Alterations or additions to real property or 3 Personal property a Used in such construction alterations or additions b Incidental to the occupancy of the area intended for construction alteration or addition or Incidental to the alteration of the occupancy of an existing building or structure. If you resume operations with reasonable speed the period of restoration ends on the earlier of a. The date when the location where the loss or damage occurred could have been physically capable of resuming the level of operations which existed prior to the loss or damage if the location had been restored to the physical size construction configuration location and material specifications which would satisfy the minimum requirements necessary to obtain all required building permits occupancy permits operating licenses or similar documents or b. The date when a new permanent location is physically capable of resuming the level of operations which existed prior to the loss or damage if you resume operations at a new permanent location. If you do not resume operations or do not resume operations with reasonable speed whether at your premises or reported unscheduled premises or elsewhere the period of restoration will end on the date when the location where the loss or damage occurred could have been restored to the physical size construction configuration location and material specifications which existed at the time of loss or damage with no consideration for any time a. Which would have been required to make changes in order to satisfy the minimum requirements necessary to obtain all required building permits occupancy permits operating licenses or similar documents and b. Which would have been necessary to make the location physically capable of resuming the level of operations which existed prior to the loss or damage after the completion of repairs replacement or rebuilding. Period of restoration does not include any increased period required due to the enforcement of any ordinance or law that requires any insured or others to test for monitor clean up remove contain treat detoxify or neutralize or in any way respond to or assess the effects of pollutants or microorganisms. The expiration date of this policy will not cut short the period of restoration. Includes copyrighted material of Insurance Services Office Inc.. with its permission PPP0103 03 14 Contains copyrighted material of the American Association of Insurance Services Page 10 of 17 PPP0103 03 14 Page 10 of 17 | 2 |
57. 58. 59. Personal property means a. Your personal property b. Your employees personal property c. Personal property of others in your care custody or control d. The value of labor materials or services furnished or arranged by you on personal property of others e. Your interest in improvements and betterments to buildings or structures and f. Glass which as a tenant you are required to insure. Personal property does not mean a. Naturally occurring water b. Growing crops or standing timber c. Outdoor trees shrubs plants or lawns d. Green roofing systems e. Money bills notes or securities f. Contraband or property in the course of illegal transportation or trade g. Animals unless 1 Owned by others and boarded by you or 2 Owned by you as stock while inside of buildings h. Fine arts i. Original information property j Vehicles or self propelled machines including aircraft or watercraft that 1 Are licensed for use on public roads or 2 Are operated principally away from a premises or reported unscheduled premises But not 1 Vehicles or self propelled machines you manufacture process warehouse or hold for sale other than vehicles licensed for use on public roads 2 Vehicles licensed for use on public roads that you manufacture process warehouse or hold for sale while on a premises or reported unscheduled premises or 3 Unpowered watercraft while out of water on a premises or reported unscheduled premises k. Property contained in underground mines mine shafts caverns open pits or quarries or I. Research and development property. Personal property of others means personal property not owned by you your officers directors partners managers members or employees including leased or temporary employees. Pollutants means any solid liquid gaseous or thermal irritant or contaminant including smoke vapor soot fumes acids alkalis chemicals and waste. Waste includes materials to be recycled reconditioned or reclaimed. Includes copyrighted material of Insurance Services Office Inc.. with its permission Contains copyrighted material of the American Association of Insurance Services PPP0103 03 14 Page 11 of 17 | 2 |
60. Premises means A location scheduled on the Declarations for this Commercial Property Coverage Part. a. 61. Raw stock means material in the state in which you acquired it for conversion into fi If the location is described by an address only it includes the area associated with that address in which you are legally entitled to conduct your business activities and includes that area extending 1000 feet beyond the address. If the location is described by an address and further described by geographic boundaries it includes only the area within such geographic boundaries in which you are legally entitled to conduct your business activities and includes that area extending 1000 feet beyond that area. If you are a tenant for purposes of time element coverage premises includes those portions of the location not rented or intended to be rented to others. ished stock. 62. Real property means a. b. Buildings including their green roofing systems Permanent structures Equipment and apparatus used to maintain or service the buildings structures or their premises or reported unscheduled premises and Materials equipment supplies and temporary structures used for making additions alterations or repairs to the buildings or permanent structures. Real property does not mean Fine arts Land Water Underground mines mine shafts caverns open pits or quarries Growing crops or standing timber Outdoor trees shrubs plants or lawns Research and development property Contractor s equipment Contractor s employees property Installation property Landscaping materials or Property of others in your care custody or control for rigging. 63. Recipient locations means locations owned or operated by others who you depend on to accept your products or services. 64. Replacement cost means the lesser of a. Repair Cost The cost to repair the real property or personal property at the time of direct physical loss or damage with new materials of like kind and quality of similar size for the same use or occupancy and in compliance Includes copyrighted material of Insurance Services Office Inc.. with its permission PPP0103 03 14 Contains copyrighted material of the American Association of Insurance Services Page 12 of 17 | 2 |
65. with all applicable zoning land use or construction codes in force at the time of loss or damage. This includes the cost to reconstruct or remodel undamaged portions of the real property when those costs are a consequence of enforcement of such codes. Rebuild Cost The cost to rebuild the real property or personal property at the time of direct physical loss or damage with new materials of like kind and quality of similar size for the same use or occupancy and in compliance with all applicable zoning land use or construction codes in force at the time of loss or damage. Unless otherwise required at the time of loss by the applicable codes this cost will be based on rebuilding at the same location where the loss occurred. Replace Cost The cost to replace the real property or personal property at the time of direct physical loss or damage with new materials of like kind and quality of similar size for the same use or occupancy and in compliance with all applicable zoning land use or construction codes in force at the time of loss. Unless otherwise required at the time of loss by the applicable codes this cost will be based on replacing at the same location where the loss or damage occurred. If property of the same kind and quality is no longer available we will pay to replace it with other property of similar quality and function including property of greater processing capacity. Real property and personal property valuation includes the cost you paid for non refundable or non transferable extended warranties maintenance contracts or service contracts which were still in force at the time of loss or damage and are no longer valid as a result of loss of or damage to real property or personal property. If there is an ordinance or law in force at the time of loss or damage that regulates zoning land use or construction of real property or personal property at the premises or reported unscheduled premises and if loss or damage covered by this Commercial Property Coverage Part causes a demolition order to be issued pursuant to any such ordinance or law replacement cost includes the costs to demolish and clear the site of the undamaged portion of the real property or personal property. Replacement cost does not mean a. c. Costs associated with the enforcement of any ordinance or law which requires any insured or others to test for monitor clean up remove contain treat detoxify or neutralize or in any way respond to or assess the effects of pollutants or microorganisms Enforcement of any ordinance or law which requires the demolition repair replacement reconstruction remodeling or remediation of property due to contamination by pollutants or due to the presence growth proliferation spread or any activity of microorganisms or Costs to comply with any ordinance or law that you were required to comply with before the loss or damage. Reported unscheduled premises means permanently fixed locations for which you have submitted a schedule on file with us containing a. b. c. The address of the location and includes that area extending 1000 feet beyond the address An identification of the property business income or extra expense to be covered and The value of such identified property business income or extra expense. If you are a tenant for purposes of time element coverage reported unscheduled premises includes those portions of the location not rented or intended to be rented to others. Reported unscheduled premises does not mean a. A premises Includes copyrighted material of Insurance Services Office Inc.. with its permission PPP0103 03 14 Contains copyrighted material of the American Association of Insurance Services Page 13 of 17 PPP0103 03 14 Page 13 of 17 | 2 |
66. 67. 68. 69. 70. 9. h. A newly acquired premises An unreported premises A fair or exhibition An installation or service premises A temporary storage location A rigging premises or With respect to loss or damage covered by any time element coverage a dependent premises. Research and development continuing expenses means your continuing normal operating expenses that are directly attributable to research and development operations including payroll rental payments as tenants and factory overhead. Research and development extended period of indemnity means the period of time that begins on the date the period of restoration ends and ends on the earlier of a. The effective date of new contracts that will utilize that portion of your research and development continuing expenses attributable to a suspension lapse or cancellation for which coverage is provided under paragraph b. of the Extended Period of Indemnity Additional Coverage or The date calculated by adding the number of days shown on the Declarations for Research and Development Extended Period of Indemnity Business Income to the date the period of restoration ended. Research and development operations means your business activities where research and development property is being planned created developed or tested. Research and development property means a. Information which can not be duplicated or purchased from another source including any material it is inscribed printed written or recorded upon including documents manuscripts records data or programs developed or used in conjunction with any research and development project Original or experimental property Prototypes or samples Experiments in progress Biological products processes or cultures and Research animals. Research and development property does not mean d. e. Animals other than research animals Money bills notes or securities Stock Fine arts or Growing plants or crops. Research animal means any multi cellular organism that is used in your research and development operations. Includes copyrighted material of Insurance Services Office Inc.. with its permission Contains copyrighted material of the American Association of Insurance Services PPP0103 03 14 Page 14 of 17 | 2 |
7. 72. 73. 74. 75. 76. Rigging means rigging hoisting moving erecting lowering and millwright work. Rigging premises means a location for the purpose of a. Rigging b. Assembling or dismantling work done in connection with a rigging project or c. Operations incidental to a rigging assembling or dismantling project. Salespersons samples means personal property that is in the custody of one of your salespersons and used only for sample purposes. Securities means negotiable and non negotiable instruments or contracts representing either money or property and includes a. Tokens tickets revenue and other stamps whether or not in current use and b. Evidences of debt issued in connection with credit or charge cards which cards are not issued by you. Securities does not mean a. Mone b. Lottery tickets held for sale. Sinkhole collapse means the sudden sinking or collapse of land into underground empty spaces created by the action of water on limestone or similar rock formations. Sinkhole collapse does not mean the a. Sinking or collapse of land into man made underground cavities b. Sinking or collapse of land caused by or resulting from flood or c. Cost of filling sinkholes. Specified causes of loss means the following a. Fire b. Lightning c. Explosion d. Windstorm or hail e. Smoke f. Aircraft or vehicles g. Riot or civil commotion h. Vandalism i. Leakage from fire extinguishing equipment j Sinkhole collapse k. Volcanic action I. Falling objects excluding loss or damage to Includes copyrighted material of Insurance Services Office Inc.. with its permission Contains copyrighted material of the American Association of Insurance Services PPP0103 03 14 Page 15 0f 17 PPP0103 03 14 Page 15 of 17 | 2 |
77. 78. 79. 80. 81. 82. 1 Personal property in the open or 2 The interior of buildings or property inside buildings unless the roof or an outside wall of the building is first damaged by a falling object m. Weight of snow ice or sleet n. Accidental discharge or leakage of water or steam from any part of a system or appliance containing water or steam and o. Equipment breakdown cause of loss excluding loss of or damage to stock caused by the discharge dispersal release or escape of refrigerants. Stock means the following a. Raw stock b. Stock in process c. Finished stock and d. Merchandise. Stock in process means raw stock which has undergone aging seasoning mechanical or other process of manufacture but which has not become finished stock. Suspended equipment means any boiler fired or unfired vessel refrigerating or air conditioning system piping and its accessory equipment and any mechanical or electrical machine or apparatus used for the generation transmission or utilization of mechanical or electrical power provided we have complied with the requirements described in the Suspended Equipment Condition contained in the COMMERCIAL PROPERTY CONDITIONS. Suspension means a. The slowdown or cessation of your business activities or b. That a part or all of the covered location is rendered untenantable. Temporary storage location means a permanently fixed location that you lease rent or occupy for a period of less than one year where stock or installation property that is to become a permanent part of an installation or service premises is stored while waiting to be delivered to an installation or service premises and there is a written construction or installation contract or agreement to install that stock or installation property at that installation or service premises. Temporary storage location does not mean a. Apremises b. Anewly acquired premises c. Areported unscheduled premises d. Arigging premises e. A fair or exhibition or f. Anunreported premises. Time element coverage means the coverage provided under any of the following a. BUSINESS INCOME COVERAGE FORM EXCLUDING EXTRA EXPENSE Includes copyrighted material of Insurance Services Office Inc.. with its permission Contains copyrighted material of the American Association of Insurance Services PPP0103 03 14 Page 16 of 17 | 2 |
b. c. BUSINESS INCOME COVERAGE FORM INCLUDING RESEARCH AND DEVELOPMENT CONTINUING EXPENSES EXCLUDING EXTRA EXPENSETECHNOLOGY or EXTRA EXPENSE COVERAGE FORM. 83. Unreported premises means a permanently fixed location that contains real property or personal property in which you have an insurable interest but has not been reported to us. Unreported premises does not mean a. b. c. d. e. f. 9. h. A premises A newly acquired premises A reported unscheduled premises A rigging premises A fair or exhibition An installation or service premises A temporary storage location or With respect to loss or damage covered by any time element coverage a dependent premises. 84. Your employees personal property means personal property owned by your officers directors partners managers members or employees including leased or temporary employees. 85. Your personal property means personal property owned by you. Includes copyrighted material of Insurance Services Office Inc.. with its permission Contains copyrighted material of the American Association of Insurance Services PPP0103 03 14 Page 17 of 17 | 2 |
Z ZURICH Real and Personal Property Coverage Form Table of Contents Section Coverage Excluded Causes of Loss Limitations...... Deductible Valuation... Optional Coverage..... | 2 |
Z ZURICH Real and Personal Property Coverage Form A. COVERAGE We will pay for direct physical loss of or damage to real property and personal property at a premises directly caused by a covered cause of loss. We will not pay more in any one occurrence than the applicable Limit of Insurance shown on the Declarations for such loss of or damage to Covered Property at that premises. B. EXCLUDED CAUSES OF LOSS 1. Artificially Maintained Conditions We will not pay for loss of or damage to personal property caused by or resulting from the loss of or change in any artificially maintained or generated temperature humidity or atmosphere. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from an equipment breakdown cause of loss mistake or malfunction. But if a result of one of these excluded causes of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. This exclusion does not apply to electronic data processing hardware or duplicate information property. 2. Cracking and Settling We will not pay for loss or damage caused by or resulting from bulging cracking shrinkage expansion or settling of real property or personal property. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from a mistake or malfunction. But if a result of one of these excluded causes of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. 3. Disappearance or Shortage We will not pay for loss caused by or resulting from disappearance or shortage disclosed on taking inventory or where there is no physical evidence to show what happened to the property. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from a mistake or malfunction. 4. Dishonest Acts We will not pay for loss or damage caused by or resulting from fraudulent dishonest or criminal acts or omissions committed by you your partners members officers managers employees including leased or temporary employees directors trustees authorized representatives or anyone else to whom you have entrusted the property for any purpose Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0110 03 14 Page 10f 7 | 2 |
a. Acting alone or in collusion with others or b. Whether or not occurring during the hours of employment. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from a mistake or malfunction. This exclusion does not apply to a. Acts of vandalism committed by your employees including leased or temporary employees or b. Carriers for hire or anyone claiming to be a carrier for hire at the time the property is entrusted to them. Earth Movement We will not pay for loss or damage caused directly or indirectly by earth movement. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if earth movement results in fire explosion or theft we will pay for that portion of the loss or damage which was solely caused by that fire explosion or theft. If loss of or damage to real property or personal property caused by leakage from fire protection sprinkler system piping results from earth movement and there is no other loss or damage from earth movement to that same property we will pay for the direct physical loss or damage caused solely from the fire protection sprinkler system piping leakage. Electronic Vandalism We will not pay for loss or damage caused by or resulting from electronic vandalism. This exclusion applies even if the electronic vandalism was caused by or resulted from a mistake or malfunction. Expected Preventable or Accumulated Losses We will not pay for loss or damage caused by or resulting from a. Wear and tear b. Smoke vapor or gas from agricultural smudging or industrial operations c. Smog d. Rust or other corrosion decay deterioration fading hidden or latent defect or any quality of the property that causes it to damage or destroy itself e. Nesting or infestation or discharge or release of waste products or secretions by insects birds rodents or other animals or f. Inherent vice. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if a result of one of these excluded causes of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0110 03 14 Page 20f 7 | 2 |
10. 11. 12. Flood We will not pay for loss or damage caused directly or indirectly by flood. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if flood results in fire explosion or theft we will pay for that portion of the loss or damage which was solely caused by that fire explosion or theft. Governmental Action We will not pay for loss or damage caused directly or indirectly by any seizure confiscation expropriation nationalization or destruction of property by order of governmental authority. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. This exclusion does not apply to a. Seizure or destruction of property by order of governmental authority and taken at the time of fire to prevent its spread or b. Demolition orders issued pursuant to any ordinance or law in effect at the time of loss or damage regulating construction use or repair of any property provided such demolition order has become legally enforceable as a result of physical damage to 1 Covered real property or 2 Covered personal property directly caused by a covered cause of loss. However this exception does not apply to demolition orders issued pursuant to any ordinance or law which requires any insured or others to test for monitor clean up remove treat detoxify or neutralize or in any way respond to or assess the effects of pollutants or microorganisms. Impact Damage We will not pay for loss or damage caused by or resulting from water including water pressure ice or impact of watercraft to buildings or structures located on or partially over water including retaining walls bulkheads piers wharves docks or any other property located on those structures. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from a mistake or malfunction. Loss of Market or Delay We will not pay for loss or damage caused by or resulting from loss of market loss of use or delay. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from a mistake or malfunction. Microorganisms We will not pay for loss or damage consisting of directly or indirectly caused by contributed to or aggravated by the presence growth proliferation spread or any activity of microorganisms unless resulting from fire or lightning. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0110 03 14 Page 30f 7 | 2 |
13. 14. 15. 16. But if a result of one of these excluded causes of loss is a specified cause of loss other than fire or lightning we will pay that portion of the loss or damage which was solely caused by that specified cause of loss. We will also not pay for loss cost or expense arising out of any request demand order or statutory or regulatory requirement that requires any insured or others to test for monitor clean up remove treat detoxify or neutralize or in any way respond to or assess the effects of microorganisms. Nuclear Hazard We will not pay for loss or damage caused directly or indirectly by nuclear reaction or radiation or radioactive contamination however caused. Such loss or damage is excluded regardless of any other cause or event including a mistake or malfunction that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if nuclear reaction or radiation or radioactive contamination results in fire we will pay for that portion of the loss or damage which was solely caused by that fire. Off Premises Service Interruption We will not pay for loss or damage caused by or resulting from any off premises service interruption. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if a result of this excluded cause of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. This exclusion does not apply to electronic data processing hardware or duplicate information property. Pollutants We will not pay for loss or damage caused by or resulting from the discharge dispersal seepage migration release or escape of pollutants. But if the discharge dispersal seepage migration release or escape is caused by a specified cause of loss we will pay only for that portion of the loss or damage solely caused by that specified cause of loss. We will also not pay for loss cost or expense arising out of any request demand order or statutory or regulatory requirement that requires any insured or others to test for monitor clean up remove treat detoxify or neutralize or in any way respond to or assess the effects of pollutants. This exclusion does not apply to electronic data processing hardware or duplicate information property. Process Failures Defects or Errors We will not pay for any of the following a. Loss or damage due to spoilage destruction adulteration discard reduction in value or any other loss or damage to stock caused by or resulting from a mistake or malfunction in the alteration calibration development distribution installation manufacturing maintenance processing repair research or testing of such stock. b. Loss or damage including the costs of correcting or making good caused by or resulting from Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0110 03 14 Page 4 of 7 | 2 |
17. 18. 1 A mistake in planning zoning development surveying siting 2 A mistake in design specifications workmanship repair construction renovation remodeling grading compaction 3 A mistake in materials used in repair construction renovation or remodeling or 4 Insufficient or failure of maintenance or servicing of part or all of any property on or off a premises. But if a result of one of these excluded causes of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. c. Loss or damage including the costs of correcting or making good caused by or resulting from incorporating defective materials into part or all of any property on or off a premises. But if a result of this excluded cause of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. d. Loss of or damage to machinery or equipment while undergoing a pressure or electrical test. This exclusion applies even if this excluded cause of loss was caused by or resulted from an equipment breakdown cause of loss mistake or malfunction. But if a result of this excluded cause of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. Suspended Equipment We will not pay for loss or damage caused by or resulting from an equipment breakdown cause of loss to suspended equipment. This exclusion applies even if this excluded cause of loss was caused by or resulted from a mistake or malfunction. But if a result of this excluded cause of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. War and Military Action We will not pay for loss or damage arising directly or indirectly out of a. War including undeclared or civil war b. Warlike action by a military force including action in hindering or defending against an actual or expected attack by any government sovereign or other authority using military personnel or other agents or c. Insurrection rebellion revolution usurped power or action taken by governmental authority by hindering or defending against any of these. Such loss or damage is excluded regardless of any other cause or event including a mistake or malfunction that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0110 03 14 Page 50f 7 | 2 |
C. LIMITATIONS 1. The following types of property are covered only up to the Limits of Insurance shown below in any one occurrence for loss or damage due to theft a. 2500 for furs fur garments and garments trimmed with fur. b. 2500 for jewelry watches watch movements jewels pearls precious and semiprecious stones bullion gold silver platinum and other precious alloys or metals. This limit does not apply to i. Jewelry or watches worth 100 or less per item or ii. Precious or semiprecious stones or metals used for industrial purposes. c. 250 for lottery tickets held for sale. These Limits of Insurance are included in and not in addition to any other applicable Limits of Insurance. We will pay for direct physical loss of or damage to green roofing systems directly caused by a covered cause of loss other than loss or damage caused by or resulting from a. Nesting or infestation or discharge or release of waste products or secretions by insects birds rodents or other animals b. Disease c. Changes in or extremes of temperature d. Dampness or dryness of atmosphere or of soil supporting the vegetation or e. Rain snow halil ice or sleet. D. DEDUCTIBLE We will not pay for loss or damage in any one occurrence until the amount of loss or damage exceeds the applicable Deductibles shown on the Declarations. We will then pay the amount of loss or damage in excess of the Deductibles up to the applicable Limits of Insurance. E. VALUATION We will determine the amount of covered loss or damage as follows 1. Except as provided in 2. 3. 4. 5. 6. and 7. below the lesser of the following amounts a. The replacement cost or b. The amount you actually spend to repair rebuild or replace the real property or personal property at the same or another location. Except as provided in 3. 5. 6. and 7. below real property or personal property other than improvements and betterments which is not repaired rebuilt or replaced will be valued at the actual cash value at the time and place of loss or damage. If you commence the repair rebuilding or replacement of the lost or damaged real property or personal property within 24 months from the date the loss or damage occurred upon completion of the repair rebuilding or replacement we will pay you the difference between the actual cash value previously paid and the replacement cost at the time of loss or damage. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0110 03 14 Page 6 of 7 PPP0110 03 14 Page 6 0f 7 | 2 |
3. Merchandise which has been sold but not delivered and finished stock at the regular cash selling price less any discounts and expenses you otherwise would have had. 4. Stock in process at the value of raw stock your labor expended and your materials incorporated plus the proper proportion of your overhead charges calculated in accordance with principles of Direct Costing. In no event will overhead be calculated in accordance with the principles of Absorption Costing. 5. Improvements and betterments at a. The replacement cost if you make repairs with reasonable speed. b. A proportion of your original cost if you do not make repairs with reasonable speed. We will determine the proportionate value as follows 1 Multiply the original cost by the number of days from the loss or damage to the expiration of the lease and 2 Divide the amount determined in 1 above by the number of days from the installation of improvements and betterments to the expiration of the lease. If your lease contains a renewal option the expiration of the renewal option period will be used as the expiration of the lease. c. That portion which has not been paid if others pay for repairs rebuilding or replacement. 6. Personal property which has been permanently removed from service at actual cash value. 7. Duplicate information property at the lesser of a. The cost to purchase a duplicate copy if a duplicate copy exists and is available for sale or b. The cost of blank materials plus any cost incurred to copy data onto blank materials from a duplicate source on the same type of materials provided such copying does not violate licensing or contract agreements. OPTIONAL COVERAGE Margin Clause If Margin Clause is shown on the Declarations we will not pay more than the lesser of the following 1. The amount of covered loss or damage at the premises or 2. The percentage applied to the applicable Limit of Insurance for such property at the premises. The most we will pay is the applicable percentage shown on the Declarations for Margin Clause. However in no event will we pay more than 5000000 over the applicable Limits of Insurance shown on the Declarations for that premises. This Optional Coverage for real property or personal property does not apply to 1. Any Limit of Insurance applicable to more than one premises or 2. Any other Limit of Insurance applicable for which a specific coverage Limit of Insurance is provided. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0110 03 14 Page 7 0f 7 | 2 |
2 ZURICH Additional Coverages Form Table of Contents Section Additional Coverages... Consequential Loss Net Leasehold Interest....... Consequential Loss Tenant s Improvements and Betterments... Consequential Loss Undamaged Stock... Contamination by a Refrigerant..... Debris Removal Deferred Payments Electronic Vandalism Direct Damage... Expediting Expense Fairs or Exhibitions.......... Fire Department Service Charge.. Fire Protective Equipment Refills.. Inflation Guard..... Lock and Key Replacement... Microorganisms.... Newly Acquired Premises... Newly Acquired Property Off Premises Service Interruption Direct Damage... Outdoor Trees Shrubs Plants or Lawns Pollutant Clean Up and Removal Land and Wate Preservation of Property Professional Fees... | 2 |
Section Reported Unscheduled Premises Reward Payments. Salespersons Samples... Spoilage Equipment Breakdown Theft Damage to Buildings Unreported Premises........... ccccc.... Deductible | 2 |
Z ZURICH Additional Coverages Form A. ADDITIONAL COVERAGES The following are Additional Coverages to coverages set forth in this Commercial Property Coverage Part. If you have not chosen a coverage elsewhere in this Commercial Property Coverage Part there is no coverage under its corresponding Additional Coverages. For example if you do not have coverage for stock under the REAL AND PERSONAL PROPERTY COVERAGE FORM you will not have coverage related to stock under the Consequential Loss Undamaged Stock Additional Coverage or any other Additional Coverage for stock. Each of the following Additional Coverages apply independently of one another. Unless otherwise stated the excluded causes of loss exclusions terms and conditions in the applicable Coverage Forms apply to these Additional Coverages. The most we will pay for loss damage cost or expense under any of the following Additional Coverages are the Limits of Insurance shown on the Declarations. Limits for these Additional Coverages apply in addition to any other applicable policy limits unless otherwise stated. 1. Consequential Loss Net Leasehold Interest We will pay for the loss of net leasehold interest you sustain when your lease is cancelled a. By the lessor and b. As a result of a valid condition of your lease due to direct physical loss of or damage to real property or personal property directly caused by a covered cause of loss at a premises or reported unscheduled premises. We will not pay more than the net leasehold interest at the time of the cancellation of the lease. However if your lease is cancelled and your landlord lets you continue to use the premises or reported unscheduled premises under a new lease we will not pay more than a. The rent you will pay under the new lease minus b. The rent you were paying at the time of cancellation. We will not pay under this Additional Coverage if the premises or reported unscheduled premises where the lease is cancelled had been vacant for more than 60 consecutive days prior to the loss or damage unless you had entered into an agreement to sublease the premises or reported unscheduled premises. The most we will pay under this Additional Coverage at any one premises or reported unscheduled premises is the Limit of Insurance shown on the Declarations for Consequential Loss Net Leasehold Interest. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0111 03 14 Page 1 of 10 | 2 |
Consequential Loss Tenant s Improvements and Betterments We will pay for the value of undamaged improvements and betterments when your lease is cancelled a. By the lessor and b. As a result of a valid condition of your lease due to direct physical loss of or damage to real property or personal property directly caused by a covered cause of loss at a premises or reported unscheduled premises. If you rent an entire building we will pay only if a. At least 25 of the area of that entire building has been damaged or b. A minimum of 6 months remains in your current lease and at least 6 months is required to repair the building for your occupancy. If you rent a portion of a building we will only pay if a. A minimum of 6 months remains in your lease and b. Atleast 6 months is required to repair the building for your occupancy. The most we will pay under this Additional Coverage at any one premises or reported unscheduled premises is the Limit of Insurance shown on the Declarations for Consequential Loss Tenant s Improvements and Betterments. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Consequential Loss Undamaged Stock We will pay for the consequential loss in value of undamaged stock which has become unmarketable as a complete product because of direct physical loss of or damage to other stock directly caused by a covered cause of loss. The most we will pay under this Additional Coverage at any one premises or reported unscheduled premises is the Limit of Insurance shown on the Declarations for Consequential Loss Undamaged Stock. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Contamination by a Refrigerant We will pay for direct physical loss of or damage to stock caused by the release or escape of refrigerants from any equipment located at a premises or reported unscheduled premises provided the release or escape was not caused by or resulted from flood or earth movement. The most we will pay under this Additional Coverage at any one premises or reported unscheduled premises is the Limit of Insurance shown on the Declarations for Contamination by a Refrigerant. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0111 03 14 Page 2 of 10 | 2 |
5. Debris Removal a. We will pay your expense to remove debris of Covered Property for which a Limit of Insurance is shown on the Declarations remaining after a covered cause of loss. The most we will pay under this Additional Coverage for Debris Removal is the remaining applicable Limit of Insurance for the Covered Property shown on the Declarations after payment of the covered physical loss or damage. If the total of the loss or damage and debris removal expense exceeds the applicable Limit of Insurance we will pay the remaining debris removal expenses. The most we will pay under this Additional Coverage in any one occurrence is the Limit of Insurance shown on the Declarations for Debris Removal Supplemental Limit. b. If wind causes direct physical loss of or damage to Covered Property we will also pay for the expenses you incur to remove debris of uncovered property that is blown on to the premises or reported unscheduled premises by wind and to remove debris of outdoor trees shrubs plants or lawns damaged by wind. The most we will pay under this Additional Coverage in any one occurrence is the Limit of Insurance shown on the Declarations for Debris Removal Uncovered Property. In no event will there be any coverage under this Debris Removal Additional Coverage for any costs to a. Extract pollutants from land or water or b. Remove restore or replace polluted land or water. The expenses will be paid only if they are reported to us in writing within 180 days of the date of loss or damage. Deferred Payments We will pay your financial interest in personal property that suffers direct physical loss or damage directly caused by a covered cause of loss after delivery to buyers and sold by you on a conditional sale or trust agreement or any installment or deferred payment plan. This Additional Coverage does not apply to default of such agreement or plan by the buyer. We will determine the amount of covered loss or damage as follows a. In the event of a total loss and the buyer refuses to continue payment coverage will be valued based on the amount shown on your books as due from the buyer b. In the event of partial loss or damage and the buyer refuses to continue payment forcing you to repossess coverage will be valued as follows If the realized value of the repossessed personal property is 1 Greater than or equal to the amount shown on your books as due from the buyer we will make no payment or 2 Less than the amount shown on your books as due from the buyer we will pay the difference less any amount that was past due at the time of loss by more than 30 days and c. When a loss occurs and the buyer continues to pay you there will be no loss payment. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0111 03 14 Page 3 of 10 | 2 |
10. The most we will pay under this Additional Coverage in any one occurrence is the Limit of Insurance shown on the Declarations for Deferred Payments. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Electronic Vandalism Direct Damage We will pay for loss of or damage to accounts receivable records duplicate information property electronic data processing hardware original information property or research and development property caused by electronic vandalism. The most we will pay under this Additional Coverage in any one policy year is the Annual Aggregate Limit of Insurance shown on the Declarations for Electronic Vandalism Direct Damage. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Expediting Expense In the event of covered loss of or damage to real property or personal property at a premises or reported unscheduled premises directly caused by a covered cause of loss we will pay reasonable and necessary additional expenses you incur for temporary repair of damage to such real property or personal property and the additional expenses you incur for expediting the permanent repair or replacement of such damaged property. This Additional Coverage does not include expenses recoverable elsewhere in this Commercial Property Coverage Part. The most we will pay under this Additional Coverage at any one premises or reported unscheduled premises is the Limit of Insurance shown on the Declarations for Expediting Expense. Fairs or Exhibitions We will pay for direct physical loss of or damage to personal property a. At fairs or exhibitions and b. In transit to or from fairs or exhibitions directly caused by a covered cause of loss. The most we will pay under this Additional Coverage in any one occurrence is the Limit of Insurance shown on the Declarations for Fairs or Exhibitions Personal Property. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Fire Department Service Charge When the fire department is called to save or protect Covered Property from a covered cause of loss at a premises or reported unscheduled premises we will pay for your liability for the fire department service charges a. Assumed by contract or agreement prior to loss or b. Required by local ordinance law or statute. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0111 03 14 Page 4 of 10 | 2 |
11. 12. 13. We will also pay for those costs incurred by your fire brigade to save or protect Covered Property from a fire but not including the costs to refill fire protective equipment. The most we will pay under this Additional Coverage at any one premises or reported unscheduled premises is the Limit of Insurance shown on the Declarations for Fire Department Service Charge. No deductible applies to this Additional Coverage. Fire Protective Equipment Refills We will pay the reasonable and necessary costs you incur to refill fire protective equipment which has been discharged a. Accidentally or b. In the course of saving or protecting Covered Property from a covered cause of loss. No Limit applies to this Additional Coverage. Inflation Guard The Limits of Insurance to which the Inflation Guard applies will automatically increase by the annual percentage shown on the Declarations. The amount of the increase will be a. The Limit of Insurance that applied on the most recent of this Commercial Property Coverage Part s inception date anniversary date or date of any other Commercial Property Coverage Part change amending the Limit of Insurance multiplied by b. The percentage of annual increase shown on the Declarations expressed as a decimal Example 8 is.08 multiplied by c. The number of days since the beginning of the most recent Commercial Property Coverage Part year or the effective date of the most recent Commercial Property Coverage Part change amending the Limit of Insurance divided by 365. Example If The applicable Limit of Insurance is 100000 The annual percentage increase is 8 The number of days since the beginning of the Coverage Part Year or last Coverage Part change is 146 Then The amount of increase is 100000 x.08 x 146365 3200 The available Limit of Insurance is 103200 Lock and Key Replacement We will pay the reasonable cost of a. Entry key replacement if keys to a premises or reported unscheduled premises are stolen or b. Entry lock repair or replacement made necessary by theft or attempted theft at a premises or reported unscheduled premises. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0111 03 14 Page 5 of 10 100000 8 Then | 2 |
14. 15. 16. The most we will pay under this Additional Coverage at any one premises or reported unscheduled premises is the Limit of Insurance shown on the Declarations for Lock and Key Replacement. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Microorganisms We will pay the following when microorganisms are the result of a covered cause of loss other than fire or lightning a. Direct physical loss of or damage to Covered Property caused by microorganisms including the cost of removal of the microorganisms b. The reasonable cost to tear out and replace any part of the covered building or other property needed to gain access to the microorganisms and c. The reasonable cost of testing performed after removal repair replacement or restoration of the damaged property is completed provided there is a reason to believe that the microorganisms are still present. The most we will pay under this Additional Coverage in any one policy year is the Annual Aggregate Limit of Insurance shown on the Declarations for Microorganisms. Regardless of the number of claims this Limit is the most we will pay for the total of all loss damage or cost even if the microorganisms continue to be present active or recur. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Newly Acquired Premises We will pay for direct physical loss of or damage to real property or personal property at a newly acquired premises directly caused by a covered cause of loss. This Additional Coverage will automatically expire on the earliest of the following dates a. The date you report the newly acquired premises to us b. The number of days shown on the Declarations from the date the location becomes a newly acquired premises or c. The date this policy expires or is cancelled. We will charge you additional premium for values reported from the date the location becomes a newly acquired premises. The most we will pay under this Additional Coverage at any one newly acquired premises is the applicable Limit of Insurance shown on the Declarations for Newly Acquired Premises. Newly Acquired Property We will pay for direct physical loss of or damage to Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0111 03 14 Page 6 of 10 | 2 |
17. 18. a. Your newly acquired or constructed real property at a premises if coverage is not currently shown for real property at that premises on the Declarations and b. Your newly acquired personal property at a premises if coverage is not currently shown for personal property at that premises on the Declarations. This Additional Coverage will automatically expire on the earliest of the following dates a. The date you report the newly acquired property to us b. The number of days shown on the Declarations from the date construction of real property begins or completed real property or personal property is acquired or c. The date this policy expires or is cancelled. We will charge you additional premium for values reported from the date construction of real property begins or personal property or completed real property is acquired. The most we will pay under this Additional Coverage at any one premises is the applicable Limit of Insurance shown on the Declarations for Newly Acquired Property. Off Premises Service Interruption Direct Damage We will pay for direct physical loss of or damage to real property and personal property at a premises or reported unscheduled premises directly caused by an off premises service interruption. The interruption must result from direct physical loss or damage directly caused by a covered cause of loss to any property located away from the premises or reported unscheduled premises and used to provide any of the following services to the premises or reported unscheduled premises a. Water b. Power including steam and natural gas or c. Communication. The most we will pay under this Additional Coverage at any one premises or reported unscheduled premises is the Limit of Insurance shown on the Declarations for Off Premises Service Interruption Direct Damage. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Outdoor Trees Shrubs Plants or Lawns We will pay for direct physical loss of or damage to outdoor trees shrubs plants or lawns at a premises or reported unscheduled premises directly caused by a. Fire b. Lightning c. Explosion d. Riot or civil commotion or e. Aircraft. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0111 03 14 Page 7 of 10 PPP0111 03 14 Page 7 of 10 | 2 |
19. 20. 21. 22 The most we will pay under this Additional Coverage at any one premises or reported unscheduled premises and for any one tree shrub plant or lawn are the Limits of Insurance shown on the Declarations for Outdoor Trees Shrubs Plants or Lawns. Pollutant Clean Up and Removal Land and Water We will pay the reasonable expenses you incur to extract pollutants from land or water at a premises or reported unscheduled premises if the discharge dispersal seepage migration release or escape of the pollutants is directly caused by a covered cause of loss. This Additional Coverage does not apply to the costs to test for monitor or assess the existence concentration or effects of pollutants. But we will pay for the reasonable cost of testing performed in the course of extracting the pollutants from the land or water. The most we will pay under this Additional Coverage at any one premises or reported unscheduled premises in any one policy year is the Annual Aggregate Limit of Insurance shown on the Declarations for Pollutant Clean Up and Removal Land and Water. The expenses will be paid only if they are reported to us in writing within 180 days of the date on which the covered cause of loss occurs. Preservation of Property If Covered Property is removed from a premises or reported unscheduled premises to preserve it from actual or imminent physical loss or damage caused by a covered cause of loss We will pay for a. Any direct physical loss of or damage to Covered Property while it is being moved to or while stored at another location for up to the number of days shown on the Declarations for Preservation of Property and b. The reasonable cost to remove Covered Property from the premises or reported unscheduled premises. The Limit for this Additional Coverage is included in and not in addition to the applicable Limit of Insurance shown on the Declarations for that Covered Property. Professional Fees We will reimburse you for the reasonable expenses you incur for professional services for auditors accountants architects or engineers which are necessary to prepare a statement of loss or exhibits required in connection with any loss covered under this Commercial Property Coverage Part. This Additional Coverage does not apply to fees and costs of a. Your employees or b. Attorneys public adjusters loss appraisers or loss consultants. The most we will pay under this Additional Coverage in any one occurrence is the Limit of Insurance shown on the Declarations for Professional Fees. Reported Unscheduled Premises We will pay for direct physical loss of or damage to real property and personal property at a reported unscheduled premises directly caused by a covered cause of loss. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0111 03 14 Page 8 of 10 | 2 |
23. 24. 25. 26. The most we will pay under this Additional Coverage at any one reported unscheduled premises is the applicable Limit of Insurance shown on the Declarations for Reported Unscheduled Premises. Reward Payments We will reimburse you for rewards you pay for information leading to a. The successful return of undamaged stolen Covered Property to you or a law enforcement agency or b. The arrest and conviction of any persons for having damaged or stolen your Covered Property. The reward payments must be documented. The most we will pay under this Additional Coverage in any one occurrence is 25 of the covered loss prior to the application of any applicable deductible and recovery of any Covered Property up to the Limit of Insurance shown on the Declarations for Reward Payments. Salespersons Samples We will pay for direct physical loss of or damage to salespersons samples in transit while in the custody of a salesperson or at any location other than a premises or reported unscheduled premises directly caused by a covered cause of loss. The most we will pay under this Additional Coverage in any one occurrence is the Limit of Insurance shown on the Declarations for Salespersons Samples. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Spoilage Equipment Breakdown We will pay for direct physical loss of or damage to stock at a premises or reported unscheduled premises directly caused by the loss of or changes in any artificially maintained or generated temperature humidity or atmosphere resulting from an equipment breakdown cause of loss to atmosphere control equipment at the premises or reported unscheduled premises. The most we will pay under this Additional Coverage at any one premises or reported unscheduled premises is the Limit of Insurance shown on the Declarations for Spoilage Equipment Breakdown. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Theft Damage to Buildings We will pay for direct physical loss of or damage to real property at a premises or reported unscheduled premises in which you are a tenant directly caused by theft burglary or robbery provided you are legally obligated to pay for such loss or damage. The most we will pay under this Additional Coverage is the Limit of Insurance shown on the Declarations for personal property at that premises or reported unscheduled premises. The Limit for this Additional Coverage is included in and not in addition to any other applicable Limits of Insurance. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0111 03 14 Page 9 of 10 | 2 |
27. Unreported Premises We will pay for direct physical loss of or damage to real property and personal property other than salespersons samples or property in transit at an unreported premises directly caused by a covered cause of loss. The most we will pay under this Additional Coverage at any one unreported premises is the Limit of Insurance shown on the Declarations for Unreported Premises. DEDUCTIBLE We will not pay for loss damage cost or expense in any one occurrence until the amount of loss damage cost or expense exceeds the applicable Deductibles shown on the Declarations. We will then pay the amount of loss damage cost or expense in excess of the Deductibles up to the applicable Limits of Insurance. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0111 03 14 Page 10 of 10 | 2 |
Z ZURICH Accounts Receivable Coverage Form Revenue Loss Table of Contents Section Coverages Excluded Causes of Loss Deductible Valuation... | 2 |
Z ZURICH Accounts Receivable Coverage Form Revenue Loss A. COVERAGES 1. Accounts Receivable Revenue Loss We will pay for a. The money due you from customers that you are unable to collect b. Interest charges on any loan required to offset amounts you are unable to collect pending our payment of these amounts and c. Collection expenses in excess of your normal collection expenses that are made necessary by the loss or damage that result from direct physical loss of or damage to your accounts receivable records at a premises or reported unscheduled premises directly caused by a covered cause of loss. The most we will pay under this Marine Coverage at any one premises or reported unscheduled premises is the Limit of Insurance shown on the Declarations for Accounts Receivable Revenue Loss. 2. Accounts Receivable Revenue LossAway From Premises We will also pay for 1. The money due you from customers that you are unable to collect 2. Interest charges on any loan required to offset amounts you are unable to collect pending our payment of these amounts and 3. Collection expenses in excess of your normal collection expenses that are made necessary by the loss or damage that result from direct physical loss of or damage to your accounts receivable records away from a premises or reported unscheduled premises directly caused by a covered cause of loss. The most we will pay under this Marine Coverage in any one occurrence is the Limit of Insurance shown on the Declarations for Accounts Receivable Revenue LossAway From Premises. B. EXCLUDED CAUSES OF LOSS 1. Alteration Falsification Concealment or Destruction We will not pay for loss or damage caused by or resulting from alteration falsification concealment or destruction of accounts receivable records done to conceal the wrongful giving taking or withholding of money securities or other property. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0112 03 14 Page 10f 5 | 2 |
2. Bookkeeping Accounting or Billing Mistakes We will not pay for loss or damage caused by or resulting from a mistake or malfunction in bookkeeping accounting or billing. 3. Defects or Errors We will not pay for any of the following a. Loss or damage caused by or resulting from a mistake in 1 Programming 2 Instructions to a machine or 3 Installation or maintenance of electronic data processing hardware or component parts. But if a result of one of these excluded causes of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. b. Loss or damage including the costs of correcting or making good caused by or resulting 1 A mistake in planning zoning development surveying siting 2 A mistake in design specifications workmanship repair construction renovation remodeling grading compaction 3 A mistake in materials used in repair construction renovation or remodeling or 4 Insufficient or failure of maintenance or servicing of part or all of any property on or off a premises or reported unscheduled premises. But if a result of one of these excluded causes of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. c. Loss or damage including the costs of correcting or making good caused by or resulting from incorporating defective materials into part or all of any property on or off a premises or reported unscheduled premises. But if a result of one of these excluded causes of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. 4. Disappearance or Shortage We will not pay for loss caused by or resulting from disappearance or shortage disclosed on taking inventory or where there is no physical evidence to show what happened to the accounts receivable records. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from a mistake or malfunction. 5. Dishonest Acts We will not pay for loss or damage caused by or resulting from fraudulent dishonest or criminal acts or omissions committed by you your partners members officers managers employees including leased or temporary employees directors trustees authorized representatives or anyone else to whom you have entrusted the accounts receivable records for any purpose Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0112 03 14 Page 20f 5 | 2 |
a. Acting alone or in collusion with others or b. Whether or not occurring during the hours of employment. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from a mistake or malfunction. This exclusion does not apply to a. Acts of vandalism committed by your employees including leased or temporary employees or b. Carriers for hire or anyone claiming to be a carrier for hire at the time the property is entrusted to them. Earth Movement We will not pay for loss or damage caused directly or indirectly by earth movement. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if earth movement results in fire explosion or theft we will pay for that portion of the loss or damage which was solely caused by that fire explosion or theft. If loss of or damage to accounts receivable records caused by leakage from fire protection sprinkler system piping results from earth movement and there is no other loss or damage from earth movement to that same property we will pay for the direct physical loss or damage caused solely from the fire protection sprinkler system piping leakage. Electronic Vandalism We will not pay for loss or damage caused by or resulting from electronic vandalism. This exclusion applies even if the electronic vandalism was caused by or resulted from a mistake or malfunction. Expected Preventable or Accumulated Losses We will not pay for loss or damage caused by or resulting from a. Wear and tear b. Smoke vapor or gas from agricultural smudging or industrial operations c. Smog d. Rust or other corrosion decay deterioration fading hidden or latent defect or any quality of the property that causes it to damage or destroy itself e. Nesting or infestation or discharge or release of waste products or secretions by insects birds rodents or other animals or f. Inherent vice. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if a result of one of these excluded causes of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0112 03 14 Page 3 of 5 PPP0112 03 14 Page 30f 5 | 2 |
10. 11. 12. 13. 14. Flood We will not pay for loss or damage caused directly or indirectly by flood. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if flood results in fire explosion or theft we will pay for that portion of the loss or damage which was solely caused by that fire explosion or theft. Governmental Action We will not pay for loss or damage caused directly or indirectly by any seizure confiscation expropriation nationalization or destruction of property by order of governmental authority. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. This exclusion does not apply to acts of destruction of accounts receivable records ordered by governmental authority and taken at the time of fire to prevent its spread. Loss of Market or Delay We will not pay for loss or damage caused by or resulting from loss of market loss of use or delay. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from a mistake or malfunction. Microorganisms We will not pay for loss or damage consisting of directly or indirectly caused by contributed to or aggravated by the presence growth proliferation spread or any activity of microorganisms unless resulting from fire or lightning. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if a result of one of these excluded causes of loss is a specified cause of loss other than fire or lightning we will pay that portion of the loss or damage which was solely caused by that specified cause of loss. We will also not pay for loss cost or expense arising out of any request demand order or statutory or regulatory requirement that requires any insured or others to test for monitor clean up remove treat detoxify or neutralize or in any way respond to or assess the effects of microorganisms. Nuclear Hazard We will not pay for loss or damage caused directly or indirectly by nuclear reaction or radiation or radioactive contamination however caused. Such loss or damage is excluded regardless of any other cause or event including a mistake or malfunction that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if nuclear reaction or radiation or radioactive contamination results in fire we will pay for that portion of the loss or damage which was solely caused by that fire. War and Military Action We will not pay for loss or damage arising directly or indirectly out of a. War including undeclared or civil war Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0112 03 14 Page 4 of 5 | 2 |
b. Warlike action by a military force including action in hindering or defending against an actual or expected attack by any government sovereign or other authority using military personnel or other agents or c. Insurrection rebellion revolution usurped power or action taken by governmental authority by hindering or defending against any of these. Such loss or damage is excluded regardless of any other cause or event including a mistake or malfunction that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. C. DEDUCTIBLE We will not pay for loss damage or expense in any one occurrence until the amount of loss damage or expense exceeds the applicable Deductibles shown on the Declarations. We will then pay the amount of loss damage or expense in excess of the Deductibles up to the applicable Limits of Insurance. D. VALUATION If you can not accurately establish the amount of accounts receivable outstanding at the time of loss or damage to accounts receivable records the following method will be used to determine the amount of covered loss damage or expense 1. Determine the total of the average monthly amounts of accounts receivable for the 12 months immediately preceding the month in which the loss or damage occurred and 2. Adjust that total for normal fluctuations in the amount of accounts receivable for the month in which the loss or damage occurred or for any demonstrated variance from the average for that month. The following will be deducted from the total amount of accounts receivable however that amount is established 1. The amount of the accounts receivable for which there is no loss or damage 2. The amount of the accounts receivable that you are able to re establish or collect 3. An amount to allow for probable bad debts that you are normally unable to collect and 4. Allunearned interest and service charges. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0112 03 14 Page 50f 5 | 2 |
Z ZURICH Fine Arts Coverage Form Table of Contents Section Coverages Excluded Causes of Loss Deductible Valuation... | 2 |
Z ZURICH Fine Arts Coverage Form A. COVERAGES 1. Fine Arts We will pay for direct physical loss of or damage to fine arts at a premises or reported unscheduled premises directly caused by a covered cause of loss. The most we will pay under this Marine Coverage at any one premises or reported unscheduled premises is the Limit of Insurance shown on the Declarations for Fine Arts. Fine Arts Away From Premises We will also pay for direct physical loss of or damage to fine arts away from a premises or reported unscheduled premises directly caused by a covered cause of loss. The most we will pay under this Marine Coverage in any one occurrence is the Limit of Insurance shown on the Declarations for Fine Arts Away From Premises. B. EXCLUDED CAUSES OF LOSS 1. Defects or Errors We will not pay for any of the following a. Loss or damage including the costs of correcting or making good caused by or resulting from 1 A mistake in planning zoning development surveying siting 2 A mistake in design specifications workmanship repair construction renovation remodeling grading compaction 3 A mistake in materials used in repair construction renovation or remodeling or 4 Insufficient or failure of maintenance or servicing of part or all of any property on or off a premises or reported unscheduled premises. But if a result of one of these excluded causes of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. b. Loss or damage including the costs of correcting or making good caused by or resulting from incorporating defective materials into part or all of any property on or off a premises or reported unscheduled premises. But if a result of one of these excluded causes of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0114 03 14 Page 10f 5 | 2 |
Disappearance or Shortage We will not pay for loss caused by or resulting from disappearance or shortage disclosed on taking inventory or where there is no physical evidence to show what happened to the fine arts. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from a mistake or malfunction. Dishonest Acts We will not pay for loss or damage caused by or resulting from fraudulent dishonest or criminal acts or omissions committed by you your partners members officers managers employees including leased or temporary employees directors trustees authorized representatives or anyone else to whom you have entrusted the fine arts for any purpose a. Acting alone or in collusion with others or b. Whether or not occurring during the hours of employment. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from a mistake or malfunction. This exclusion does not apply to a. Acts of vandalism committed by your employees including leased or temporary employees or b. Carriers for hire or anyone claiming to be a carrier for hire at the time the property is entrusted to them. Earth Movement We will not pay for loss or damage caused directly or indirectly by earth movement. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if earth movement results in fire explosion or theft we will pay for that portion of the loss or damage which was solely caused by that fire explosion or theft. If loss of or damage to fine arts caused by leakage from fire protection sprinkler system piping results from earth movement and there is no other loss or damage from earth movement to that same property we will pay for the direct physical loss or damage caused solely from the fire protection sprinkler system piping leakage. Expected Preventable or Accumulated Losses We will not pay for loss or damage caused by or resulting from a. Wear and tear b. Smoke vapor or gas from agricultural smudging or industrial operations c. Smog d. Rust or other corrosion decay deterioration fading hidden or latent defect or any quality of the property that causes it to damage or destroy itself e. Nesting or infestation or discharge or release of waste products or secretions by insects birds rodents or other animals or f. Inherent vice. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0114 03 14 Page 20f 5 | 2 |
Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if a result of one of these excluded causes of loss is a covered cause of loss we will pay for that portion of the loss or damage which was solely caused by that covered cause of loss. Flood We will not pay for loss or damage caused directly or indirectly by flood. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if flood results in fire explosion or theft we will pay for that portion of the loss or damage which was solely caused by that fire explosion or theft. Governmental Action We will not pay for loss or damage caused directly or indirectly by any seizure confiscation expropriation nationalization or destruction of property by order of governmental authority. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. This exclusion does not apply to a. Seizure or destruction of fine arts by order of governmental authority and taken at the time of fire to prevent its spread or b. Demolition orders issued pursuant to any ordinance or law in effect at the time of loss or damage regulating construction use or repair of any property provided such demolition order has become legally enforceable as a result of physical damage to 1 Covered real property or 2 Covered personal property directly caused by a covered cause of loss. However this exception does not apply to demolition orders issued pursuant to any ordinance or law which requires any insured or others to test for monitor clean up remove treat detoxify or neutralize or in any way respond to or assess the effects of pollutants or microorganisms. Loss of Market or Delay We will not pay for loss or damage caused by or resulting from loss of market loss of use or delay. This exclusion applies even if one of these excluded causes of loss was caused by or resulted from a mistake or malfunction. Microorganisms We will not pay for loss or damage consisting of directly or indirectly caused by contributed to or aggravated by the presence growth proliferation spread or any activity of microorganisms unless resulting from fire or lightning. Such loss or damage is excluded regardless of any other cause or event including a mistake malfunction or weather condition that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0114 03 14 Page 305 | 2 |
10. 11. 12. 13. But if a result of one of these excluded causes of loss is a specified cause of loss other than fire or lightning we will pay that portion of the loss or damage which was solely caused by that specified cause of loss. We will also not pay for loss cost or expense arising out of any request demand order or statutory or regulatory requirement that requires any insured or others to test for monitor clean up remove treat detoxify or neutralize or in any way respond to or assess the effects of microorganisms. Nuclear Hazard We will not pay for loss or damage caused directly or indirectly by nuclear reaction or radiation or radioactive contamination however caused. Such loss or damage is excluded regardless of any other cause or event including a mistake or malfunction that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. But if nuclear reaction or radiation or radioactive contamination results in fire we will pay for that portion of the loss or damage which was solely caused by that fire. Pollutants We will not pay for loss or damage caused by or resulting from the discharge dispersal seepage migration release or escape of pollutants. But if the discharge dispersal seepage migration release or escape is caused by a specified cause of loss we will pay only for that portion of the loss or damage which was solely caused by that specified cause of loss. We will also not pay for loss cost or expense arising out of any request demand order or statutory or regulatory requirement that requires any insured or others to test for monitor clean up remove treat detoxify or neutralize or in any way respond to or assess the effects of pollutants. Repair Restoration or Retouching We will not pay for loss of or damage to fine arts caused by or resulting from repair restoration or retouching. War and Military Action We will not pay for loss or damage arising directly or indirectly out of a. War including undeclared or civil war b. Warlike action by a military force including action in hindering or defending against an actual or expected attack by any government sovereign or other authority using military personnel or other agents or c. Insurrection rebellion revolution usurped power or action taken by governmental authority by hindering or defending against any of these. Such loss or damage is excluded regardless of any other cause or event including a mistake or malfunction that contributes concurrently or in any sequence to the loss even if such other cause or event would otherwise be covered. DEDUCTIBLE We will not pay for loss or damage in any one occurrence until the amount of loss or damage exceeds the applicable Deductibles shown on the Declarations. We will then pay the amount of loss or damage in excess of the Deductibles up to the applicable Limits of Insurance. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0114 03 14 Page 4 of 5 | 2 |
D. VALUATION 1. Fine arts are valued based on the lesser of a. Market value at the time of loss or damage or b. The value of fine arts that are individually listed and described on the schedule on file with us. 2. Pairs or Sets In case of loss to any part of a pair or set we may a. Repair or replace any part to restore the pair or set to its value before the loss or b. Pay the difference between the value of the pair or set before and after the loss. Includes copyrighted material of Insurance Services Office Inc. with its permission PPP0114 03 14 Page 50f 5 | 2 |
Z ZURICH Installation and Service Property Coverage Form Table of Contents Section Coverages Excluded Causes of Loss Valuation... | 2 |
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