06/01/1987 Park Board Packet - Laserfiche WebLink

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(A Lloyds Plan Insurer. herein caiied the Comoany) In consideration of the payment of the premium, in reliance upon the statements in the declarations made a part hereof and subject to all of the terms of'this pohc- agrees with the named insured as follows: SUPPLEMENTARY PAYMENT4 The company will pay, in addition to the applicable limit of liability: insured because of accident or traffic law violation arising oua of the use of an, vehicle to which this policy applies, not to exceed $250 per bail bond, but the (a) all expenses incurred by the company, all costs taxed against the insured in company shall have no obligation to apply for or furnish any such bonds; any suit defended by the company and all interest on the entire amount of any judgment therein which accrues after entry of the judgment and before the company has paid or tendered or deposited in court that part of the judgment (c) expenses incurred by the insured for first aid to others at the time of an acc- which does not exceed the limit of the company's liability thereon; dent, for bodily injury to which this policy applies; (b) premiums on appeal bonds required in any such suit, premiums on bonds to (d) reasonable expenses incurred by the insured at the company's request in release attachments in any such suit for an amount not in excess of the appy- assisting the company in the investigation or defense of any claim or suit, cable limit of liability of this policy, and the cost of bail bonds required of the including actual loss of earnings not to exceed $25 per day. DEFINITIONS When used in this policy (including endorsements forming a part hereof): power transmitting equipment, or (2) arising out of operations performed for the named insured by independent contractors, or (3) included within the completed "automobile" means a land motor vehicle, trailer or semi-trailer designed for operations hazard or the underground property damage hazard, or (4) for which travel on public roads (including any machinery or apparatus attached thereto), but liability is assumed by the insured under an incidental contract; does not include mobile equipment; "incidental contract" means any written (1) lease of premises, (2) easement r "bodily injury" means bodily injury, sickness or disease sustained by any person license agreement in connection with vehicle or pedestrian private railroad crossings which occurs during the policy period, including death at any time resulting there- at grade, (3) undertaking to indemnify a municipality required by municipal ord+- from; nance, except in connection with work for the municipality, (4) sidetrack agreement, or (5) elevator maintenance agreement; "collapse hazard" includes "structural property damage" as defined herein and "insured" means any person or organization qualifying as an insured in the "Per- property damage to any other property at any time resulting therefrom. 'Structural sons Insured" provision of the applicable insurance coverage. The insurance afforded property damage"means the collapse of or structural injury to any building or struc- applies separately to each insured against whom claim is made or suit is brought, ture due to(1) grading of land, excavating, borrowing, filling, back-filling, tunnelling, except with respect to the limits of the company's liability; pile driving, cofferdam work or caisson work or (2) moving, shoring, underpinning, raising or demolition of any building or structure or removal or rebuilding of any "mobile equipment" means a land vehicle (including any machinery or apparatus structural support thereof. The collapse hazard does not include property damage attached thereto), whethar or not self-propelled, (1) not subject to motor vehicle (1) arising out of operations performed,for the named insured by independent con- registration, or (2) maintained for use exclusively on premises owned by or rented tractors, or (2) included within the completed operations hazard or the underground to the named insured, including the ways immediately adjoining, or (3) designed for property damage hazard, or (3) for which liability is assumed by the insured under use principally off public roads, or (4) designed or maintained for the sole purpose an incidental contract; of affording mobility to equipment of the following types forming an integral part of or permanently attached to such vehicle: power cranes, shovels, loaders, diggers "completed operations hazard"includes bodily injury and property damage arising and drills; concrete mixers (other than the mix-in-transit type); graders, scrapers. out o operations a reliance upon a representation injury warranty made at any time rollers and other road construction or repair equipment; air compressors, pumps and with respect thereto, but reliance f the reps generators, including spraying, welding and building cleaning equipment; and geo- y i y injury or property damage occurs after physical exploration and well servicing equipment; such operations have been completed or abandoned and occurs away from premises owned by or rented to the named insured. "Operations" include materials, parts or "named insured" means the person or organization named in Item 1, of the equipment furnished in connection therewith. Operations shall be deemed completed declarations of this policy; at the earliest of the following times: "named insured's products" means goods or products manufactured, sold. han- (1) when all operations to be performed by or on behalf of the named insured under dled or distributed by the named insured or by others trading under his ir•- the contract have been completed, cluding any container thereof(other than a vehicle), but "named insured's N_,octs" shall not include a vending machine or any property other than such container, rented (2) when all operations to be performed by or on behalf of the named insured at to or located for use of others but not sold; the site of the operations have been completed, or "occurrence" means an accident, including continuous or repeated exposure to (3) when the portion of the work out of which the injury or damage arises has been conditions, which results in bodily injury or property damage neither expected nor put to its intended use by any person or organization other than another con- intended from the standpoint of the insured; tractor or subcontractor engaged in performing operations for a principal as a 'policy territory" means: part of the same project (1) the United States of America, its territories or possessions, or Canada, or Operations which may require further service or maintenance work, or correction, (2) international waters or air space, provided the bodily injury or property damage repair or replacement because of any defect or deficiency, but which are otherwise does not occur in the course of travel or transportation to or from any other complete, shall be deemed completed. country, state or nation, or The completed operations hazard does not include bodily injury or property (3) anywhere in the world with respect to damages because of bodily injury or prop- damage arising out of erty damage arising out of a product which was sold for use or consumption within the territory described in paragraph (1) above, provided the original suit (a) operations in connection with the transportation of property, unless the bodily for such damages is brought within such territory; injury or property damage arises out of a condition in or on a vehicle created "products hazard" includes bodily injury and property damage arising out of the by the loading or unloading thereof,. named insured's products or reliance upon a representation or warranty made at any (b) the existence of tools,uninstalled equipment or abandoned or unused materials, time with respect thereto, but only if the bodily injury or property damage occurs or away from premises owned by or rented to the named insured and after physical possession of such products has been relinquished to others; (c) operations for which the classification stated in the policy or in the company's manual specifies "including completed operations"; "property damage" means (1) physical injury to or destruction of tangible prop- erty which occurs during the policy period, including the loss of use thereof at any time resulting therefrom, or (2) loss of use of tangible property which has not "elevator" means any hoisting or lowering device to connect floors or landings, been physically injured or destroyed provided such loss of use is caused by an whether or not in service, and all appliances thereof including any car, platform, occurrence during the policy period; shaft, hoistway, stairway, runway, power equipment and machinery; but does not "underground property damage hazard" includes underground property damage as include an automobile servicing hoist,or a hoist without a platform outside a build- defined herein and property damage to any other property at any time resulting ing if without mechanical power or if not attached to building walls, or a hod or therefrom. "Underground property damage" means property damage to wires, con- material hoist used in alteration, construction or demolition operations, or an in- duits, pipes, mains, sewers, tanks, tunnels, any similar property, and any apparatus clined conveyor used exclusively for carrying property or a dumbwaiter used exclu- in connection therewith, beneath the surface of the ground or water, causer' ' and sively for carrying property and having a compartment height not exceeding four occurring during the use of mechanical equipment for the purpose of gra and, feet; paving, excavating, drilling, borrowing, filling, back-filling or pile driving. Ttle.66der- ground property damage hazard does not include property damage (1) arising out of "explosion hazard" includes property damage arising out of blasting or explosion. --operations performed for the named insured by independent contractors, or (2) in- The explosion hazard does not include property damage (1) arising out of the explo-- cluded within the completed operations hazard, or (3) for which liability is assumed sion of air or steam vessels, piping under pressure.. prime movers, machinery or by the insured under an incidental contract.