WILSON GENERAL CONTRACTING, INC. 2024457

NE 00 31 01 19 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 6 of 10 o. Workers' Compensation And Similar Laws Any obligation of the insured under a workers' compensation, disability benefits or unemployment compensation law or any similar law. SECTION II – LIMITS OF INSURANCE 1. The Limits Of Insurance shown in the Declarations, and the rules below fix the most we will p ay regardless of the number of: a. Insureds; b. Claims made or suits brought, or number of vehicles involved; c. Persons or organizations making claims or bringing suits ; or d. Limits available under any "underlying insurance". 2. The Limits Of Insurance of this policy will apply as follows: a. This insurance only applies in excess of the limits shown in the Schedule of “underlying insurance”. b. The Aggregate Limit is the most we will pay for the sum of al l "ultimate net loss", for all "injury or damage" covered under this policy. However, this Aggregate Limit only applies to "injury or damage" that is subject to an aggregate limit of insurance under the "underlying insurance". c. Subject to Paragraph 2.b. above, the Each Occurrence Limit is the most we will pay for the sum of all "ultimate net loss" under this insurance because of all "injury or damage" arising out of any one "event". d. If the Limits Of Insurance of the "underlying insurance" are reduced by defense expenses by the terms of that policy, any payments for defense expenses we make will reduce our applicable Limits Of Insurance in the same manner. 3. If any "underlying insurance" has a policy period that is different from the policy period of this policy then, for the purposes of this insurance, the limits shown in the Schedule of ”underlying insurance” will only be reduced or exhausted by payments made for "injury or damage" covered under this insurance. The Aggregate Limit of this policy applies separately to each consecutive annual period of this policy and to any remaining period of this policy of less than 12 months, starting with the beginning of the policy period shown in the Declarations, unless the policy period is extended after issuance for an additional period of less than 12 months. In that case, the additional period will be deemed part of the last preceding period for purp oses of determining the Limits Of Insurance. SECTION III – CONDITIONS The following conditions apply. In addition, the conditions applicable to any "underlying insurance" are also applicable to the coverage provided under this insurance unless superseded by the following conditions. 1. Appeals If the “underlying insurance” carrier(s) or insured elects not to appeal a judgment in excess of the amount of the limits shown in the Schedule of “underlying insurance”, we may do so at our own expense. If we elect to appeal we may also pay for: a. Taxable court costs; b. Pre- and post-judgment interest; and c. Disbursements associated with such appeal. In no event will this provision increase our liability beyond the applicable Limits Of Insurance described in Section II – Limits Of Insurance. 2. Bankruptcy a. Bankruptcy Of Insured Bankruptcy or insolvency of the insured or of the insured's estate will not relieve us of our obligations under this policy. DocuSign Envelope ID: A181A6E1-38C6-4FC4-9DB3-55096154243F