Laserfiche WebLink
Includes copyrighted material of Insurance <br />GA 210 09 20 Services Office, Inc., with its permission.Page 4 of 14 <br />As respects Employee Benefit Liabil- <br />ity Coverage,Section II -Who Is An <br />Insured is replaced by the following: <br />(1)If you are designated in the Dec- <br />larations as: <br />(a)An individual, you and your <br />spouse are insureds, but on- <br />ly with respect to the con- <br />duct of a business of which <br />you are the sole owner. <br />(b)A partnership or joint ven- <br />ture, you are an insured. <br />Your members, your part- <br />ners,and their spouses are <br />also insureds but only with <br />respect to the conduct of <br />your business. <br />(c)A limited liability company, <br />you are an insured. Your <br />members are also insureds, <br />but only with respect to the <br />conduct of your business. <br />Your managers are in- <br />sureds, but only with respect <br />to their duties as your man- <br />agers. <br />(d)An organization other than a <br />partnership, joint venture or <br />limited liability company,you <br />are an insured. Your "execu- <br />tive officers"and directors <br />are insureds,but only with <br />respect to their duties as <br />your officers or directors. <br />Your stockholders are also <br />insureds, but only with re- <br />spect to their liability as <br />stockholders. <br />(e)A trust, you are an insured. <br />Your trustees are also in- <br />sureds, but only with respect <br />to their duties as trustees. <br />(2)Each of the following is also an <br />insured: <br />(a)Each of your "employees" <br />who is or was authorized to <br />administer your "employee <br />benefit program"; <br />(b)Any persons,organizations <br />or "employees"having prop- <br />er temporary authorization <br />to administer your "employ- <br />ee benefit program"if you <br />die, but only until your legal <br />representative is appointed; <br />or <br />(c)Your legal representative if <br />you die,but only with re- <br />spect to duties as such. That <br />representative will have all <br />your rights and duties under <br />this Coverage Part. <br />(3)Any organization you newly ac- <br />quire or form, other than a part- <br />nership,joint venture or limited <br />liability company,and over which <br />you maintain ownership or major- <br />ity interest,will qualify as a <br />Named Insured if no other similar <br />insurance applies to that organi- <br />zation. However,coverage under <br />this provision: <br />(a)Is afforded only until the <br />180th day after you acquire <br />or form the organization or <br />the end of the policy period, <br />whichever is earlier; and <br />(b)Does not apply to any act, <br />error or omission that was <br />committed before you ac- <br />quired or formed the organi- <br />zation. <br />c.Limits Of Insurance <br />As respects Employee Benefit Liabil- <br />ity Coverage,Section III -Limits Of <br />Insurance is replaced by the follow- <br />ing: <br />(1)The Limits of Insurance shown in <br />Section B. Limits Of Insurance, <br />1.Employee Benefit Liability <br />Coverage of this endorsement <br />and the rules below fix the most <br />we will pay regardless of the <br />number of: <br />(a)Insureds; <br />(b)Claims made or "suits" <br />brought; <br />(c)Persons or organizations <br />making claims or bringing <br />"suits"; <br />(d)Acts, errors or omissions; or <br />(e)Benefits included in your <br />"employee benefit program". <br />(2)The Aggregate Limit shown in <br />Section B.Limits Of Insurance, <br />1.Employee Benefit Liability <br />Coverage of this endorsement is <br />the most we will pay for all dam- <br />ages because of acts, errors or <br />omissions negligently committed <br />Docusign Envelope ID: B63767C6-D0E5-432E-8D24-65B6372E87EC