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NBS - Insurance CertificateNBSGOVE -01 SADPATRATHREE CERTIFICATE OF LIABILITY INSURANCE DAT D/YYYY) 9//19/219 /2017 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER NFP Property &Casualty Services, Inc. 6165 Greenwich Dr Suite 200 CONTACT PHONE FAX (ac, No, Ext) (858) 869 -8300 A/c, No) (858) 869 -8301 San Diego, CA 92122 ADDRESS INSURER (S) AFFORDING COVERAGE NAIC # X INSURER Hanover Insurance Company 122292 INSURED INSURER B Allmerica Fin'I Benefit Ins Co 141840 INSURER C Gemini Insurance 110833 NBS Government Finance Group INSURER D 32605 Temecula Parkway, Suite 100 & 101 Temecula, CA 92592 INSURER E INSURER F PERSONAL & ADV INJURY COVERAGES CERTIFICATE Nl1MRFR• oCt/1cin4l du 111A01=0 THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS INSR TYPE OF INSURANCE ANSD ISUB POLICY NUMBER POLICY EFF POLICY EXP LIMITS A X 1 COMMERCIAL GENERAL LIABILITY CLAIMS -MADE OCCUR X X OH3A431963 0912412017 09/24/2018 EACH OCCURRENCE I S 2'000'600 DAMAGE SESAEa occurrence) 1 S 21666'600 $ 10,000 MED EXP (Any one erson PERSONAL & ADV INJURY S 2,000,000 AGGREGATE LIMIT APPLIES PER POLICY ❑ JECOT- n LOC I GENERAL AGGREGATE $ 4,0001000 GEN'L X PRODUCTS - COMP /OP AGG $ 4,0001000 S OTHER B I AUTOMOBILE X LIABILITY ANY AUTO OWNED SCHEDULED AUTOS ONLY AUTOS X X AW3A427458 09/24/2017 09124/2018 I Ea aBINED SINGLE LIMIT $ 1,000,000 BODILY INJURY Per person) $ BODILY INJURY (Per accident $ HIRED NON -OWNED AUTOS ONLY AUTOS ONLY PROPERTY DAMAGE Per accident $ I I$ A X UMBRELLA LIAB EXCESS LIAB OCCUR CLAIMS -MADE OH3A431963 09/24/2017 09/24/2018 EACH OCCURRENCE $ 1,000,000 AGGREGATE 1 $ 1,000,000 DED RETENTION $ S A AND EMPLO COMPENSATION ERS' LIABILIITY Y/N ANY PROPRIETOR/ EXCLUDED? FFICEtory in ER EXCLUDED? Mandatory m Nnd If es describe under DESCRIPTION OF OPERATIONS below N / A X WH3A42745704 09/24/2017 09/24/2018 ,STATUTE ERH E L EACH ACCIDENT 11000,600 $ E L DISEASE - EA EMPLOYEEI $ 1,000,066 E L DISEASE - POLICY LIMIT $ 1,000,000 C E Lia IVCPLO65285 09/2412017 09/24/2018 Annual Aggregate 2,000,000 C E&O /Professional Lia VCPLO65285 09/24/2017 09/24/2018 Each Wrongful Act 2,000,000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached If more space is required) Proof of Insurance Blanket forms apply when required by written contract: GENERAL LIABILITY: Additional Insured - Special Broadening Endt: 391 -1006 08 16 Additional Insured - Completed Operations: 391 -1602 08 16 Primary & Non - Contributory: 391 -1003 08 16 Waiver of Subrogation: 391 -1003 08 16 SEE ATTACHED ACORD 101 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE City of Gilroy THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN Attn: Mr. Raymond Chin ACCORDANCE WITH THE POLICY PROVISIONS. 7351 Rosanna Street Gilroy, CA 95020 AUTHORIZED REPRESENTATIVE 2016 /03) n 19RR-2n15 ArnRn rnaanaeTIr%N All The ACORD name and logo are registered marks of ACORD AC ®R®` AGENCY CUSTOMER ID: NBSGOVE -01 LOC #: 1 ADDITIONAL REMARKS SCHEDULE SADPATRATHREE Page 1 of 1 AGENCY NFP Property & Casualty Services, Inc. NAMED INSURED NBS Government Finance Group 32605 Temecula Parkway, Suite 100 & 101 Temecula, CA 92592 POLICY NUMBER EE PAGE 1 CARRIER NAIC CODE EE PAGE 1 SEE P 1 EFFECTIVE DATE SEE PAGE 1 The ACORD name and logo are registered marks of ACORD 1OH3A431963 THIS ENDORSEMENT CHANGES THE POLICY PLEASE READ IT CAREFULLY BUSINESSOWNERS LIABILITY SPECIAL BROADENING ENDORSEMENT This endorsement modifies Insurance provided under the following. BUSINESSOWNERS COVERAGE FORM SUMMARY OF COVERAGES Limits i Page I 1. Additional Insured by Contract, Agreement or Permit Included 1 2. Additional Insured - Broad Form Vendors Included 2 3. Alienated Premises Included �- Included 3 4. Broad Form Property Damage - Borrowed Equipment, Customers Goods and Use of Elevators 3 5. Incidental Malpractice,(Employed Nurses, EMT's and Paramedics) Included 3 6. Personal an_d Advertising Injury - Broad Form Included 4 -7• Included $25,000 Occurrence 4 5 Product Recall Expense Each Occurrence Limit Product Recall Expense Aggregate Limit $50,000 Aggregate 5 -- Product Recall Deductible $500 5 8. Unintentional Failure to Disclose Hazards Included 6 9. Unintentional Failure to Notify Included 6 This endorsement amends coverages provided under the Businessowners Coverage Form through new coverages and broader coverage grants. This coverage is subject to the provisions applicable to the Businessowners Coverage Form, except as provided below The following changes are made to SECTION II - LIABILITY: 1. Additional Insured by Contract, Agreement or Permit The following is added to SECTION II - UABILITY, C. Who Is An Insured: Additional Insured by Contract, Agreement or Permit a. Any person or organization with whom you agreed in a written contract, written agreement or permit to add such person or organization as an additional insured on your policy is an additional insured only with respect to liability for "bodily injury", "property damage ", or "personal and advertising injury" caused, in whole or in part, by your acts or omissions, or the acts or omissions of those acting on your behalf, but only with respect to (1) "Your work" for the additional insured(s) designated in the contract, agreement or perm it; (2) Premises you own, rent, lease or occupy; or (3) Your maintenance, operation or use of equipment leased to you. b. The insurance afforded to such additional insured described above. (1) Only applies to the extent permitted by law; and (2) Will not be broader than the insurance which you are required by the contract, agreement or permit to provide for such additional insured. (3) Applies on a primary basis if that is required by the written contract, written agreement or permit. (4) Will not be broader than coverage provided to any other insured (5) Does not apply If the "bodily injury", "property damage" or "personal and advertising injury"is otherwise excluded from coverage under this Coverage Part, including any endorsements thereto. 391 -1006 08 16 Includes copyrighted materials of Insurance Services Offices, Inc., with its permission Page 1 of 6 c. This provision does not apply: (1) Unless the written contract or written agreement was executed or permit was issued prior to the "bodily Injury ", "property damage ", or "personal Injury and advertising injury" (2) To any person or organization Included as an Insured by another endorsement issued by us and made part of this Coverage Part. (3) To any lessor of equipment: (a) After the equipment lease expires, or (b) If the "bodily injury", "property damage ", "personal and advertising injury" arises out of sole negligence of the lessor. (4) To any. (a) Owners or other interests from whom land has been leased If the "occurrence" takes place or the offense is committed after the lease for the land expires; or (b) Managers or lessors of premises if: (i) The "occurrence" takes place or the offense is committed after you cease to be a tenant in that premises; or (ii) The "bodily injury ", "property damage ", "personal - injury" or "advertising injury" arises out of structural alterations, new construction or demolition operations performed by or on behalf of the manager or lessor (5) To "bodily Injury ", "property damage" or "personal and advertising injury" arising out of the rendering of or the failure to render any professional services. This exclusion applies even if the claims against any insured allege negligence or other wrongdoing in the supervision, hiring, employment, training or monitoring of others by that insured, if the "occurrence" which caused the "bodily injury" or "property damage" or the offense which caused the "personal and advertising injury" involved the rendering of or failure to render any professional services by or for you d. With respect to the insurance afforded to these additional insureds, the following is added to SECTION II - LIABILITY, D. Liability and Medical Expense Limits of Insurance: aI ?y® Rr �` • Insurance GmuI-) b H 3 A431963 1001554 The most we will pay on behalf of the additional Insured for a covered claim is the lesser of the amount of Insurance. 1. Required by the contract, agreement or permit described In Paragraph a.; or 2. Available under the applicable Limits of Insurance shown In the Declarations. This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations e. All other insuring agreements, exclusions, and conditions of the policy apply 2. Additional Insured - Broad Form Vendors The following is added to SECTION II - LIABILITY, C. Who Is An Insured: Additional Insured - Broad Form Vendors a. Any person or organization that is a vendor with whom you agreed in a written contract additional Insured under this Coverage Part is an Insured, but only with respect to liability for "bodily injury" or "property damage" arising out of "your products" which are distributed or sold in the regular course of the vendor's business b. The insurance afforded to such vendor described above: (1) Only applies to the extent permitted by law; (2) Will not be broader than the insurance which you are required by the contract or agreement to provide for such vendor; (3) WIII not be broader than coverage provided to any other insured; and (4) Does not apply if the "bodily injury ", "property damage" or "personal and advertising injury" is otherwise excluded from coverage under this Coverage Part, including any endorsements thereto c. With respect to insurance afforded to such vendors, the following additional exclusions apply- The Insurance afforded to the vendor does not apply to: (1) "Bodily Injury" or "property damage" for which the vendor is obligated to pay damages by reasons of the assumption of liability in a contract or agreement. This exclusion does not apply to liability for damages that the Insured would have in the absence of the contract or agreement, (2) Any express warranty unauthorized by you; E~;y 391 -1006 08 16 Includes copyrighted materlals of Insurance Services Offices, Inc., with Its permission. Page 2 of 6 70186 (3) Any physical or chemical change in the product made intentionally by the vendor; (4) Repackaging, unless unpacked solely for the purpose of inspection, demonstration, testing, or the substitution of parts under Instruction from the manufacturer, and then repackaged in the original container; (5) Any failure to make such inspection, adjustments, tests or servicing as the vendor has agreed to make or normally undertakes to make in the usual course of business in connection with the sale of the product; (6) Demonstration, installation, servicing or repair operations, except such operations performed at the vendor's premises in connection with the sale of the product, (7) Products which, after distribution or sale by you, have been labeled or relabeled or used as a container, part or ingredient of any other thing or substance by or for the vendor; (8) "Bodily injury" or "property damage" arising out of the sole negligence of the vendor for its own acts or omissions or those of its employees or anyone else acting on its behalf. However, this exclusion does not apply to- (a) The exceptions contained within the exclusion In subparagraphs (4) or (6) above; or The most we will pay on behalf of the vendor for a covered claim is the lesser of the amount of insurance. 1. Required by the contract or agreement described in Paragraph a.; or 2. Available under the applicable Limits of Insurance shown in the Declarations; This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations 3. Alienated Premises SECTION II - LIABILITY, B. Exclusions, 1. Applicable To Business Liability Coverage k. Damage to Property, paragraph (2) is replaced by the following: (2) Premises you sell, give away or abandon, if the "property damage" arises out of any part of those premises and occurred from hazards that were known by you, or should have reasonably been known by you, at the time the property was transferred or abandoned 4. Broad Form Property Damage - Borrowed Equipment, Customers Goods, Use of Elevators a. The following is added to SECTION II - LIABILITY, B. Exclusions, 1. Applicable To Business Liability Coverage, k. Damage to Property: Paragraph (4) does not apply to "property damage" to borrowed equipment while at a jobsite and not being used to perform operations. (b) Such inspections, adjustments, tests or servicing as the vendor has agreed to make or normally undertakes to make in the usual b• course of business, in connection with the distribution or sale of the products. (9) "Bodily injury" or "property damage" place before you have signed the contract or agreement with the vendor. (10)To any person or organization' included as an insured by another endorsement issued by us and made part of this Coverage Part. (11)Any insured person or organization, from whom you have acquired such products, or any ingredient, part or container, entering into, accompanying or containing such products. Paragraph (3), (4) and (6) do not apply to "property damage" to "customers goods" while on your premises nor to the use of elevators. For the purposes of this endorsement, the following definition is added to SECTION II - LIABILITY, F. Liability and Medical Expenses Definitions: 1. "Customers goods" means property of your customer on your premises for the purpose of being- a. Worked on, or b. Used in your manufacturing process. c. The insurance afforded under this provision is excess over any other valid and collectible property insurance (including deductible) available to the insured whether primary, excess, contingent or on any other basis. 5. Incidental Malpractice - Employed Nurses, EMT's and Paramedics d. With respect to the insurance afforded to SECTION II - LIABILITY, C. Who Is An Insured, these vendors, the following is added to paragraph 2.a.(1)(d) does not apply to a nurse, SECTION II - LIABILITY, D. Liability and Medical Expense Limits of Insurance. 391 -1006 08 16 Includes copyrighted materials of Insurance Services Offices, Inc., with Its permission Page 3 of 6 fari`� 010187 emergency medical technician or paramedic employed by you If you are not engaged in the business or occupation of providing medical, paramedical, surgical, dental, x -ray or nursing services 6. Personal Injury - Broad Form a. SECTION II - LIABILITY, B. Exclusions, 2. Additional Exclusions Applicable only to "Personal and Advertising Injury", paragraph e. is deleted. b. SECTION II - LIABILITY, F. Liability and Medical Expenses Definitions, 14. "Personal and advertising Injury ", paragraph b. is replaced by the following b. Malicious prosecution or abuse of process c. The following is added to SECTION 11 - LIABILITY, F. Liability and Medical Expenses Definitions, Definition 14. "Personal and advertising injury ": "Discrimination" (unless insurance thereof is prohibited by law) that results in injury to the feelings or reputation of a natural person, but only If such "discrimination" Is (1) Not done intentionally by or at the direction of: (a) The Insured, (b) Any officer of the corporation, director, stockholder, partner or member of the insured; and (2) Not directly or indirectly related to an "employee ", not to the employment, prospective employment or termination of any person or persons by an insured d. For purposes of this endorsement, the following definition is added to SECTION II - LIABILITY, F. Liability and Medical Expenses Definitions: 1. "Discrimination" means the unlawful treatment of Individuals based upon race, color, ethnic origin, gender, religion, age, or sexual preference. "Discrimination" does not Include the unlawful treatment of individuals based upon developmental, physical, cognitive, mental, sensory or emotional impairment or any combination of these. e. This coverage does not apply if liability coverage for "personal and advertising injury" is excluded either by the provisions of the Coverage Form or any endorsement thereto. HAnover Insurance Group. 01­13A431963 1001554 o. Recall of Products, Work or Impaired Property Is replaced by the following - o. Recall of Products, Work or Impaired Property Damages claimed for any loss, cost or expense incurred by you or others for the loss of use, withdrawal, recall, Inspection, repair, replacement, adjustment, removal or disposal of. (1) "Your product "; (2) "Your work "; or (3) "Impaired property "; If such product, work or property Is withdrawn or recalled from the market or from use by any person or organization because of a known or suspected defect, deficiency, Inadequacy or dangerous condition in it, but this exclusion does not apply to "product recall expenses" that you incur for the "covered recall" of "your product". However, the exception to the exclusion does not apply to "product recall expenses" resulting from: (4) Failure of any products to accomplish their intended purpose; (5) Breach of warranties of fitness, quality, durability or performance, (6) Loss of customer approval, or any cost incurred to regain customer approval; (7) Redistribution or replacement of "your product" which has been recalled by like products or substitutes; (8) Caprice or whim of the insured; (9) A condition likely to cause loss of which any insured knew or had reason to know at the Inception of this insurance; (10)Asbestos, Including loss, damage or clean up resulting from asbestos or asbestos containing materials; or (11) Recall of "your products" that have no known or suspected defect solely because a known or suspected defect in another of "your products" has been found. b. The following Is added to SECTION II - LIABILITY, C. Who Is An Insured, paragraph 3.b.: 7. Product Recall Expense "Product recall expense" arising out of any a. SECTION II - LIABILITY, B. Exclusions, 1. withdrawal or recall that occurred before you Applicable To Business Liability Coverage, acquired or formed the organization. 391 -1006 08 16 Includes copyrighted matenals of Insurance Services Offices, Inc, with its permission Page 4 of 6 c. The following is added to SECTION II - LIABILITY, D. Liability and Medical Expenses Limits of Insurance: Product Recall Expense Limits of Insurance a. The Limits of Insurance shown in the SUMMARY OF COVERAGES of this endorsement and the rules stated below fix the most that we will pay under this Product Recall Expense Coverage regardless of the number of: (1) Insureds; (2) "Covered Recalls" initiated, or (3) Number of "your products" withdrawn. b. The Product Recall Expense Aggregate d. Limit is the most that we will reimburse you for the sum of all "product recall expenses" incurred for all "covered recalls" initiated during the policy period. c. The Product Recall Each Occurrence Limit is the most we will pay in connection with any one defect or deficiency. d. All "product recall expenses" in connection with substantially the same general harmful condition will be deemed to arise out of the same defect or deficiency and considered one "occurrence ". e. Any amount reimbursed for "product recall expenses" in connection with any one "occurrence" will reduce the amount of the Product Recall Expense Aggregate Limit available for reimbursement of "product recall expenses" in connection e. with any other defect or deficiency. f. If the Product Recall Expense Aggregate Limit has been reduced by reimbursement of "product recall expenses" to an amount that is less than the Product Recall Expense Each Occurrence Limit, the remaining Aggregate Limit is the most that will be available for reimbursement of "product recall expenses" in connection with any other defect or deficiency. g. Product Recall Deductible We will only pay for the amount of "product recall expenses" which are in excess of the $500 Product Recall Deductible. The Product Recall Deductible applies separately to each "covered recall ". The limits of insurance will not be reduced by the amount of this deductible. We may, or will if required by law, pay all or any part of any deductible amount, if applicable. Upon notice of our payment of a deductible amount, you shall promptly reimburse us for the part of the deductible amount we paid. The Product Recall Expense Limits of Insurance apply separately to each consecutive annual period and to any remaining period 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 the purposes of determining the Limits of Insurance. The following is added to SECTION II - LIABILITY, E. Liability and Medical Expense General Conditions, 2. Duties in the Event of Occurrence, Offense, Claim or Suit. You must see to it that the following are done in the event of an actual or anticipated "covered recall" that may result in "product recall expense ": (1) Give us prompt notice of any discovery or notification that "your product" must be withdrawn or recalled Include a description of "your product" and the reason for the withdrawal or recall; (2) Cease any further release, shipment, consignment or any other method of distribution of like or similar products until it has been determined that all such products are free from defects that could be a cause of loss under this insurance. For the purposs of this endorsement, the following definitions are added to SECTION II - LIABILITY, F. Liability and Medical Expenses Definitions: 1. "Covered recall" means a recall made necessary because you or a government body has determined that a known or suspected defect, deficiency, inadequacy, or dangerous condition in "your product" has resulted or will result in "bodily injury" or "property damage ". 2. "Product recall expense(s)" means. a. Necessary and reasonable expenses for. (1) Communications, including radio or television announcements or printed advertisements including stationary, envelopes and postage, 391 -1006 08 16 Includes copyrighted materials of Insurance Services Offices, Inc , with its permission. Page 5 of 6 (2) Shipping the recalled products from any purchaser, distributor or user to the place or places designated by you, (3) Remuneration paid to your regular "employees" for necessary overtime; (4) Hiring additional persons, other than your regular "employees ", (5) Expenses incurred by "employees" 8. Including transportation and accommodations, (6) Expenses to rent additional warehouse or storage space, (7) Disposal of 'your product ", but only to the extent that specific methods of destruction other than those employed for trash discarding or disposal are 9, required to avoid "bodily injury" or "property damage" as a result of such disposal, you incur exclusively for the purpose of recalling 'your product'; and b. Your lost profit resulting from such "covered recall ". f. This Product Recall Expense Coverage does not apply- r ��Ha`nover Incunncc Croup. 01-13A431963 1001554 (1) If the "products - completed operations hazard" is excluded from coverage under this Coverage Part including any endorsement thereto, or (2) To "product recall expense" arising out of any of "your products" that are otherwise excluded from coverage under this Coverage Part including endorsements thereto_ Unintentional Failure to Disclose Hazards The following is added to SECTION II - LIABILITY, E. Liability and Medical Expenses General Conditions: Representations We will not disclaim coverage under this Coverage Part if you fall to disclose all hazards existing as of the Inception date of the policy provided such failure is not intentional. Unintentional Failure to Notify The following is added to SECTION II - LIABILITY, E. Liability and Medical Expenses General Conditions, 2. Duties in the Event of Occurrence, Offense, Claim or Suit: Your rights afforded under this Coverage Part shall not be prejudiced if you fail to give us notice of an "occurrence ", offense, claim or "suit', solely due to your reasonable and documented belief that the "bodily injury", "property damage" or "personal and advertising injury" is not covered under this Policy. ALL OTHER TERMS, CONDITIONS, AND EXCLUSIONS REMAIN UNCHANGED � I V 391 -1006 08 16 Includes copyrighted materials of Insurance Services Offices, Inc , with Its permission Page 6 of 6 na1aa #01113A431963 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - OWNERS, LESSEES OR CONTRACTORS - COMPLETED OPERATIONS This endorsement modifies Insurance provided under the following- BUSINESSOWNERS COVERAGE FORM cr -ui`ni u F Of Person Or Organization ANY PERSON OR ORGANIZATION WHEN REQUIR Location And Description Of Completed Operations AS REQUIRED BY CONTRACT (If no entry appears above, information required to complete this endorsement will be shown in the Declarations as applicable to this endorsement.) For the purpose of coverage provided by this endorsement, the following changes are made to SECTION 11 - LIABILITY: A. The following Is added to SECTION II - LIABILITY, C. Who Is An Insured: Any person or organization shown in the Schedule above is also an additional insured, but only with respect to liability for "bodily injury" or "property damage" caused, in whole or in part, by "your work" at the location designated and described in the Schedule above, performed for that additional insured and included In the "products- completed operations hazard ". However- 1. The insurance afforded to such additional insured only applies to the extent permitted by law; and 2. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional Insured. B. The following Is added to SECTION II - LIABILITY, D. Liability And Medical Expenses Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance: 1. Required by the contract or agreement; or 2. Available under the applicable Limits of Insurance shown in the Declarations, whichever is less. This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations. ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED 391 -1602 08 16 Includes copyrighted material of Insurance Services Office, Inc, with its permission Page 1 of 1 The Hanover Insurance Croup. 01­13A431963 1001554 1. SECTION I - PROPERTY, if two or more of However, if you agree in a written this coverage part's coverages apply to contract, written agreement, or the same loss or damage, we will not pay written permit that the insurance more than the actual amount of the loss or provided to any person or damage. organization Included as an 2. SECTION II - LIABILITY, it is our stated Additional Insured under this Intent that the various Coverage Parts, Coverage Part is primary and forms, endorsements or policies issued to non - contributory, we will not seek the named insured by us, or any company contribution from any other affiliated with us, do not provide any insurance available to that Additional duplication or overlap of coverage for the Insured which covers the Additional same claim, "suit ", "occurrence ", offense, Insured as a Named Insured except. accident, "wrongful act' or loss. We will (1) For the sole negligence of the not pay more than the actual amount of Additional Insured; or the loss or damage (2) When the Additional Insured is If this Coverage Part and any other an Additional Insured under Coverage Part, form, endorsement or another liability policy. policy issued to the named insured by us, b. Excess Insurance or any company affiliated with us, apply to the same claim, "suit", occurrence, This insurance is excess over offense, accident, "wrongful act" or loss, (1) Any of the other insurance, the maximum Limit of Insurance under all whether primary, excess, such Coverage Parts, forms, contingent or on any other basis: endorsements or policies combined shall not exceed the highest applicable Limit of (a) That is Fire, Extended Insurance under any one Coverage Part, Coverage, Builder's Risk, form, endorsement or policy Installation Risk or similar This condition does not apply to any coverage for "your work "; Excess or Umbrella Policy issued by us (b) That is Property Insurance for specifically to apply as excess insurance premises rented to you or over this policy. temporarily occupied by you G. Liberalization with permission of the owner, If we adopt any revision that would broaden (c) That is insurance purchased by you to cover your liability the coverage under this policy without as a tenant for "property additional premium within 45 days prior to or damage" to premises rented during the policy period, the broadened to you or temporarily coverage will immediately apply to this policy. occupied by you with H. Other Insurance permission of the owner; or 1. SECTION I - PROPERTY (d) If the loss arises out of the If there is other insurance covering the maintenance or use of same loss or damage, we will pay only for aircraft, "autos" or watercraft the amount of covered loss or damage in to the extent not subject to excess of the amount due from that other SECTION II - LIABILITY, insurance, whether you can collect on it or Exclusion g. Aircraft, Auto or not. But, we will not pay more than the Watercraft; and applicable Limit of Insurance of SECTION 1 (2) Any other primary insurance - PROPERTY. available to you covering liability 2. SECTION II - LIABILITY for damages arising out of the premises or operations, or the If other valid and collectible insurance is products and completed available to the insured for a loss we operations, for which you have cover under SECTION 11 - LIABILITY, our been added as an additional obligations are limited as follows. insured by attachment of an a. Primary Insurance endorsement. This insurance Is primary except when When this insurance is excess, we b. below applies. If this will have no duty under SECTION 11 - i nsura insurance ce is primary, our obligations LIABILITY to defend the insured are not affected unless any of the against any "suit" if any other other insurance is also primary Then, insurer has a duty to defend the we will share with all that other insured against that "suit ". If no other insurance by the method described in insurer defends, we will undertake to paragraph c. below. do so, but we will be entitled to the 391 -1003 08 16 includes co Page 79 of 81 ,�� copyrighted material of Insurance Services Office, Inc., with its permission 9 )10161 insured's rights against all those other Insurers c. When this insurance is excess over other insurance, we will pay only our share of the amount of the loss, if any, that exceeds the sum of (1) The total amount that all such other insurance would pay for the loss In the absence of this insurance, and (2) The total of all deductible and self- insured amounts under all that other insurance_ d. We will share the remaining loss, if any, with any other insurance that is not described in this provision and was not bought specifically to apply In excess of the Limits of Insurance shown in the Declarations for this Coverage e. Method of Sharing If all of the other insurance permits contribution by equal shares, we will follow this method also. Under this approach each insurer contributes equal amounts until it has paid its applicable Limit of Insurance or none of the loss remains, whichever comes first. If any of the other insurance does not permit contribution by equal shares, we will contribute by limits. Under this method, each insurer's share Is based on the ratio 'of Its applicable Limit of Insurance to the total applicable limits of insurance of all insurers. If. When this insurance is excess, we will have no duty under Business Liability Coverage to defend any claim or "suit' that any other insurer has a duty to defend. If no other insurer defends, we will undertake to do so; but we will be entitled to the insured's rights against all those other insurers. I. Premiums 1. The first Named Insured shown in the Declarations: a. Is responsible for the payment of all premiums; and b. Will be the payee for any return premiums we pay. 2. The premium shown in the Declarations was computed based on rates in effect at the time the policy was issued On each renewal, continuation or anniversary of the effective date of this policy, we will compute the premium in accordance with our rates and rules then In effect 3. With our consent, you may continue this policy in force by paying a continuation premium for each successive one -year period The premium must be. a. Paid to us prior to the anniversary date, and b. Determined in accordance with paragraph 2. above. Our forms then In effect will apply. If you do not pay the continuation premium, this policy will expire on the first anniversary date that we have not received the premium 4. Undeclared exposures or change In your business operation, acquisition or use of locations may occur during the policy period that is not shown in the Declarations If so, we may require an additional premium. That premium will be determined In accordance with our rates and rules then In effect J. Premium Audit 1. This policy is subject to audit if a premium designated as an advance premium is shown in the Declarations. We will compute the final premium due when we determine your actual exposures. 2. Premium shown In this policy as advance premium is a deposit premium only At the close of each audit period, we will compute the earned premium for that period and send notice to the first Named Insured. The due date for audit premiums is the date shown as the due date on the bill. If the sum of the advance and audit premiums paid for the policy period is greater than the earned premium, we will return the excess to the first Named Insured. 3. The first Named Insured must keep records of the information we need for premium computation and send us copies at such times as we may request. K. Transfer of Rights of Recovery Against Others to Us 1. Applicable to SECTION I - PROPERTY Coverage If any person or organization to or for whom we make payment under this policy 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 must do nothing after loss to Impair them But you may waive your rights against another party In writing: 391 -1003 08 16 Includes copyrighted material of Insurance Services Office, Inc., with its permission Page 80 of 81 a. Prior to a loss to your Covered Property b. After a loss to your Covered Property only if, at time of loss, that party is one of the following: (1) Someone insured by this insurance; (2) A business firm: (a) Owned or controlled by you, or (b) That owns or controls you; or (3) Your tenant You may also accept the usual bills of lading or shipping receipts limiting the liability of carriers. This will not restrict your Insurance Applicable to SECTION II - LIABILITY Coverage If the Insured has rights to recover all or part of any payment we have made under this Coverage Part, those rights are transferred to us. The insured must do nothing after loss to impair such rights. At our request, the Insured will bring "suit" or transfer those rights to us and help us enforce them. Hanover Jncurance Group. 01-13A4311963 1001554 We waive any right of recovery we may have against any person or organization with whom you have a written contract, permit or agreement to waive any rights of recovery against such person or organization because of payments we make for injury or damage arising out of your ongoing operations or "your work" done under a contract with that person or organization and included in the "products- completed operations hazard" This condition does not apply to Medical Expenses Coverage. L. 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 that legal representative is acting within the scope of their duties as your legal representative. Until your legal representative is appointed, anyone with proper temporary custody of your property will have your rights and duties but only with respect to that property. t 391 -1003 08 16 Includes copyrighted material of Insurance Services Office, Inc., with Its permission. Page 81 of 81 D10162 Hanover Insurance Group-_ AW3A427458 1001554 THIS ENDORSEMENT CHANGES THE POLICY PLEASE READ IT CAREFULLY BLANKET ADDITIONAL INSURED - PRIMARY AND NON - CONTRIBUTORY This endorsement modifies Insurance provided under the following: BUSINESS AUTO COVERAGE PART A. The following is added to SECTION If - LIABILITY COVERAGE, Paragraph A.1. Who Is An Insured: Additional Insured if Required by Contract If you agree in a written contract, written agreement or written permit that a person or organization be added as an additional "Insured" under this Coverage Part, such person or organization is an "insured "; but only to the extent that such person or organization qualifies as an "Insured" under paragraph A.1.c. of this Section. If you agree in a written contract, written agreement or written permit that a person or organization be added as an additional "Insured" under this Coverage Part, the most we will pay on behalf of such additional "Insured" is the lesser of. (1) The Limits of Insurance for liability coverage specified in the written contract, written agreement or written permit, or (2) The Limits of Insurance for Liability Coverage shown in the Declarations applicable to this Coverage Part Such amount shall be part of and not in addition to the Limits of Insurance shown in the Declarations applicable to this Coverage Part. Regardless of the number of covered "autos ", "insureds ", premiums paid, claims made or vehicles involved In the "accident ", the most we will pay for the total of all damages and "covered pollution cost or expense" combined resulting from any one "accident' is the Limit of Insurance for Liability Coverage shown in the Declarations. B. The following is added to SECTION IV - BUSINESS AUTO CONDITIONS, Paragraph B. General Conditions, subparagraph 5. Other Insurance: Primary and Non - Contributory If you agree in a written contract, written agreement or written permit that the Insurance provided to a person or organization who qualifies as an additional "insured" under SECTION If - LIABILITY COVERAGE, Paragraph A.1. Who Is An Insured, subparagraph Additional Insured if Required by Contract is primary and non - contributory, the following applies: The liability coverage provided by this Coverage Part is primary to any other insurance available to the additional "Insured" as a Named Insured. We will not seek contribution from any other Insurance available to the additional "Insured" except- (1) For the sole negligence of the additional "insured "; or (2) For negligence arising out of the ownership, maintenance or use of any "auto" not owned by the additional "insured" or by you, unless that "auto" is a "trailer" connected to an "auto" owned by the additional "insured" or by you; or (3) When the additional "Insured" is also an additional "insured" under another liability policy. C. This endorsement will apply only if the "accident' occurs: 1. During the policy period; 2. Subsequent to the execution of the written contract or written agreement or the issuance of the written permit; and 3. Prior to the expiration of the period of time that the written contract, written agreement or written permit requires such insurance to be provided to the additional "insured ". D. Coverage provided to an additional "insured" will not be broader than coverage provided to any other "insured" under this Coverage Part. ALL OTHER TERMS, CONDITIONS, AND EXCLUSIONS REMAIN UNCHANGED. r? 461 -0478 12 12 Includes copyrighted material of ISO Insurance Services Office, Inc., with its permission Page 1 of 1 10271 Ha"nover Insurance Group. AW3A427458 1001554 THIS ENDORSEMENT CHANGES THE POLICY PLEASE READ IT CAREFULLY WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US (WAIVER OF SUBROGATION) This endorsement modifies insurance provided under the following. BUSINESS AUTO COVERAGE FORM BUSINESS AUTO PHYSICAL DAMAGE COVERAGE FORM GARAGE COVERAGE FORM MOTOR CARRIER COVERAGE FORM TRUCKERS COVERAGE FORM With respect to coverage provided by this endorsement, the provisions of the Coverage Form apply unless modified by the endorsement. This endorsement changes the policy effective on the inception date of the policy unless another date is Indicated below. Named Insured: NBS GOVERNKM FINANCE GROUP Endorsement Effective Date: 9/24/17 I cr_NFnal u � Name(s) Of Person(s) Or Organization (s): ANY PERSON OR ORGANIZATION WHEN REQUIRED BY A WRIT Information required to complete this Schedule, if not shown above, will be shown in the Declarations The Transfer Of Rights Of Recovery Against Others To Us Condition does not apply to the person(s) or organization(s) shown in the Schedule, but only to the extent that subrogation is waived prior to the "accident" or the "loss" under a contract with that person or organization. 461 -0500 11 13 Includes copyrighted material of Insurance Services Office, Inc., with its permission Page 1 of 1 )10254 The anoVer Insuiance Group. WH3A427457 1001554 WAIVER OF OUR RIGHT TO RECOVER FROM OTHERS ENDORSEMENT - CALIFORNIA We have the right to recover our payments from anyone liable for an injury covered by this policy We will not enforce our right against the person or organization named in the Schedule (This agreement applies only to the extent that you perform work under a written contract that requires you to obtain this agreement from us.) You must maintain payroll records accurately segregating the remuneration of your employees while engaged in the work described in the Schedule. The additional premium for this endorsement shall be 2 % of the California workers' compensation premium otherwise due on such remuneration Schedule Person or Organization Job Description ONLY WHERE REQUIRED BY CONTRACT This endorsement changes the policy to which it is attached and is effective on the date issued unless otherwise stated (The information below is required only when this endorsement is issued subsequent to preparation of the policy ) Endorsement Effective 9/24/17 Policy No WH3- A427457 -04 Endorsement No. Insured NSS GOVEREN[ENT FINANCE GROUP Premium $ Insurance CompanyTHE. HANOVE.R INSURANCE COMPAN7 Countersigned By '• i' r I { v `�� b G r WC 04 03 06 (Ed. 04 -84)