ST. FRANCIS ELECTRIC (#2025586) - Laserfiche WebLink

Policy #GL 534-2048 primary, our obligations are not affected un- self-insured amounts under all that less any of the other insurance is also other insurance. primary. Then, we will share with all that (4)We will share the remaining loss, if any, other insurance by the method described in with any other insurance that is not Paragraph c. below, described in this Excess Insurance pro- b. Excess Insurance vision and was not bought specifically to apply in excess of the Limits of Insurance (1)This insurance is excess over: shown in the Declarations of this (a) Any of the other insurance, whether Coverage Part. primary, excess, contingent or on any c. Method Of Sharing other basis: If all of the other insurance permits contri- (i) That is Fire, Extended Coverage, bution by equal shares, we will follow this Builder's Risk, Installation Risk or method also. Under this approach each similar coverage for "your work"; insurer contributes equal amounts until it (ii) That is Fire insurance for premises has paid its applicable limit of insurance or rented to you or temporarily occu- none of the loss remains, whichever comes pied by you with permission of the first. owner; If any of the other insurance does not permit (iii)That is insurance purchased by contribution by equal shares, we will contri- you to cover your liability as a bute by limits. Under this method, each tenant for "property damage" to insurer's share is based on the ratio of its premises rented to you or tempo- applicable limit of insurance to the total rarily occupied by you with per- applicable limits of insurance of all insurers. mission of the owner; or 5. Premium Audit (iv)If the loss arises out of the main- a. We will compute all premiums for this tenance or use of aircraft, "autos" Coverage Part in accordance with our rules or watercraft to the extent not and rates. subject to Exclusion g. of Section ! Coverage A Bodily Injury And b. Premium shown in this Coverage Part as Property Damage Liability. advance premium is a deposit premium only. At the close of each audit period we will (b)Any other primary insurance available compute the earned premium for that period to you covering liability for damages and send notice to the first Named Insured. arising out of the premises or opera- The due date for audit and retrospective tions, or the products and completed premiums is the date shown as the due date operations, for which you have been on the bill. If the sum of the advance and added as an additional insured. audit premiums paid for the policy period is (2)When this insurance is excess, we will greater than the earned premium, we will have no duty under Coverages A or B to return the excess to the first Named Insured. defend the insured against any "suit" if c. The first Named Insured must keep records any other insurer has a duty to defend of the information we need for premium the insured against that "suit". If no computation, and send us copies at such other insurer defends, we will undertake times as we may request. to do so, but we will be entitled to the insured's rights against all those other 6. Representations insurers. By accepting this policy, you agree: (3)When this insurance is excess over other a. The statements in the Declarations are accu- insurance, we will pay only our share of rate and complete; the amount of the loss, if any, that b. Those statements are based upon re- exceeds the sum of: presentations you made to us; and (a) The total amount that all such other c. We have issued this policy in reliance upon insurance would pay for the loss in the absence of this insurance; and your representations. 7. Separation Of Insureds (b)The total of all deductible and Except with respect to the Limits of Insurance, and any rights or duties specifically assigned in Page 12 of 16 * Insurance Services Office, Inc., 2012 CG 00 01 04 13 648: 13 of 221