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PROOF OF INSURANCE (2025)
Page 1 of 2 CERTIFICATE OF LIABILITY INSURANCE Do4io �2o2s 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 Pol(cy(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 endorsements . Willis Towers Watson Northeast, Inc. PnONE ' ".•AX """—"'"'" ""' PRODUCER WTW Certificate Center CO A NAME: c/o 26 Century Blvd NE j w1-877 mm945 7378 �C Nod 1-888... 2378 P.O. Box 305191 @ certificates@wtwco,com Nashville, TN 372305191 USA rwuerro'rsrtu,ncr'rwr>rxrwe'�m^r'..vrrceercR neara^.n INSURED Fifth Asset, Inc., d/b/a DebtBook 1431 W Morehead St. Suite 200 Charlotte, NC 28208 Chubb National Insurance Company 10052 ... ........ ...._..�.....-. � ....... .......� Federal Insurance Company 20281 ..... ..... .. ...,.._�..,...—..... _..�........ Arch Specialty Insurance Company 21199 Evanston Insurance Company an ...... ......, .. " 35378 Beazley Insurance mCompany Incmmm._.".. 37540 COVERAGE$ CERTIFICATE NUMBER: W38629101 REVISION NUMBER". 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. iR. ...•....-...,...-.._..�TYPEOFINSURANCE..�....--... .... 'BFt ..... POLIC'YNUMB.E'..R....• ...... ...CYEf.... .�.,..YEXP�.. POLICY Ef F POLICY E%P' 2Q YYi JDD/YYYY ..�_--....�._---",....—..LIMITS,.—..._.......-- ...............—...�-... X COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $ 1,000,000 CLAIMS -MADE XOCCUR ""PN+El�I6SE$ Ee oc,�uraen;L..."'- $ 1,000,000 A '... .. MEDE�X An oneperseni $ 15,000 ....w __ Y Y D02044584 11/01/2024 11/01/2025 PERSONAL _&ADV INJURY .. ..w_ . $ 1, 000, 000 GEN'L AGGREGATE LIMIT APPLIES PER: GENERA, AGGREGATE $ 2,000,000 X POLICY ❑FROµ ❑ LOC JECT PROCNUCPS COMi'IK NAGG $.... 2,W000,000' OTHER; I• $ AUTOMOBILE LIABILITY COMBINED SINGLE [710—fT $ 11000,000 y ANY AUTO BODILY INJURY (Per person) $ B �... _..... ' OWNED SCHEDULED (24) 7363-73-01 11/01/2024 11/01/2025 BODILY INJURY (Per accident) -- �..__. AUTOS ONLY ',m,_ AUTOS X HIRED X NON -OWNED PROP DAMAGE $ AUTOS ONLY AUTOS ONLY lmJ„„,....—,,.....,„,..._.—,,._.....,_w.�.,.._."".w .�.•..."..""-,..—,.�-" X UMBRELLALIAB.... X...00CUR mmEACH a"CC3.S4`i9Fh E.. S:.. m,.,. 5,000,000,., EXCESS LU1B CL,ANN!rNS-MADE '. Y 5671-92-36 11/01/2024 11/01/2025 ' AGGREGATE $. 5,000,000 LNQN$ 10,000 WORKERS COMPENSATION PER' O'T !- AND EMPLOYERS' LIABILITY Y f N ••••„•- STN')'IUTNm •- Lie• „.$.�..-.....� ANYPROPRIETONPARTNEIVEXEC0.JTNVE E.L. EACH t- ENT ICE FX.CLUDED? Li NIA F�4 .� �.�,.._, IMEry M BER (O�d F.l... DISEASE EMIf�N.,OYEL Nf s. describe undeie - ' ..... ...... O - CRI�'TION OF OPERATIONS (below —Tech '', E.L. DISEASE . POL,ICY LNMN'T' S C Cyber E60 C-4bDc3-026167-CYBER-2025 02/01/2025 11/01/2025 $5,000,000 DESCRIPTION OF OPERATIONS I LOCATIONS i VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached If more space Is required) SEE ATTACHED SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THf- EOF, NOTICE WILL BE DELIVERED IN ACCORDANCE, WITH THE POLICY PROVISIONS. City of El Segundo AUTHORIZED REPRESENTATIVE 350 Main Street 6L 3 El Segundo, CA 90245 !� ©1988-2016 ACORD CORPORATION. All rights reserved. ACORD 25 (2016/03) The ACORD name and logo are registered marks of ACORD SR ID: 27590763 BATCH: 3915022 rITIMP AGENCY CUSTOMER ID: LOC #: ADDITIONAL REMARKS SCHEDULE AGENCY NAMED INSURED Fifth Asset, Inc., d/b/a DebtBook Willis Towers Watson Northeast, Inc,, _. 1431 W Morehead St. Suite 200 POLICY NUMBER llCharlotte, NC 28208 See Page 1 CARRIER See Page 1 NAIC CODE See Page 1 EFFECTIVE DATE: See Pace 1 THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM, FORM NUMBER' 25 FORM TITLE: Certificate of Liability Insurance City of El Segundo is included as an Additional Insured as respects to General Liability„ Waiver of Subrogation applies in favor of City of E1 Segundo with respects to General Liability. Page 2 of 2 General Liability policy shall be Primary and Non-contributory with any other insurance in force for or which may be purchased by Additional Insured„ The Umbrella/Excess policy is Follows Form,. INSURER AFFORDING COVERAGE: Evanston Insurance Company NAIC#: 35378 POLICY NUMBER: MKLVIWMA001255 EFF DATE: 02/01/2025 EXP DATE: 11/01/2025 TYPE OF INSURANCE: LIMIT DESCRIPTION: LIMIT AMOUNT„ Indemnifiable D&O Liability Each Claim/Aggregate $3,000,000 INSURER AFFORDING COVERAGE: Beazley Insurance Company Inc NAIC#: 37540 POLICY NUMBER: V369A3250201 EFF DATE: 02/01/2025 EXP DATE: 11/01/2025 TYPE OF INSURANCE: LIMIT DESCRIPTION: LIMIT AMOUNT: CRIME Limit Each Loss $1,000,000 Employee Theft Insured Property Deductible each loss $25,000 101 (2008/01) © 2008 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD SR ID: 27590763 BATCR:3915022 CERT: W38629101 CHUBB" COMMERCIAL GENERAL LIABILITY ENHANCEMENT ENDORSEMENT Named Insured FIFTH ASSET, INC. DBA DEBTBOOK Policy Number Policy Period Effective Date of Endorsement D02044584 11-01-2024 to 11-01-2025 11-01-2024 ............................................... _. _. Name of Company CHUBB NATIONAL INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE FORM If any other endorsement attached to this policy amends any provision also amended by this enhancement endorsement, then that other endorsement controls with respect to such provision, and the changes made by this enhancement endorsement with respect to such provision do not apply. .............. ....._._. TABLE OF CONTENTS A. Expected Or Intended Injury — Exception For Property Damage Caused By Reasonable Use Of Force B. Non -Owned Watercraft Under 55 Feet _ ...... ....... _. ....... C. Non -Owned Aircraft Exception D. Damage To Property — Exception For Equipment Loaned Or Rented To The Insured E. Electronic Data — Exception For Physical Injury To Tangible Property F. Pollution — Exception For Damage To Rented Premises Caused By Hostile Fire G. Personal And Advertising Injury Coverage — Contractual Liability Exception For Insured Contracts H. Medical Expenses Coverage — Three Years To Report Expenses L Supplementary Payments —Increased Limits J. Who Is An Insured — Subsidiaries Or Newly Acquired Or Formed Organizations — Including New And Existing Subsidiaries, Partnerships, Joint Ventures, Limited Liability Companies K. Who Is An Insured — Employees Including Incidental Healthcare Professional Services L. Additional Insureds ............. w. .............. .... _ Controlling Interest Lessors Of Leased Equipment Managers Or Lessors Of Premises Mortgagee, Assignee Or Receiver Other Persons Or Organizations Pursuant To A Contract Or Agreement Trade Show Event Lessor Vendors M. Medical Expense Limit — $15,000 N. Knowledge/Notice Of Occurrence _ O. Primary And Non -Contributory P. Unintentional Failure To Disclose Hazards Q. Waiver Of Subrogation Required By Contract R. In Rem S. Coverage Territory — Limited Worldwide ..... ............... T. Insured Contract Amended — Railroad Limitations Removed A. Expected Or Intended Injury — Exception For Property Damage Caused By Reasonable Use Of Force Exclusion a. under Paragraph 2. Exclusions of Section I — Coverage A — Bodily Injury And Property Damage Liability is deleted and replaced by the following: CB CG 04 0001 0320 Includes copyrighted material of Insurance Services Office, with its permission. Page 1 of 9 a. Expected Or Intended Injury "Bodily injury" or "property damage" expected or intended from the standpoint of the insured, even if the actual "bodily injury" or "property damage" is of a different degree or type than intended or expected. This exclusion does not apply to "bodily injury" or "property damage" resulting from the use of reasonable force to protect persons or property. B. Non -Owned Watercraft Under 55 Feet Paragraph (2) of Exclusion g. under Paragraph 2. Exclusions of Section I — Coverage A — Bodily Injury And Property Damage Liability is deleted and replaced by the following: This exclusion does not apply to: (2) A watercraft you do not own that is: (a) Less than 55 feet long; and (b) Not being used to carry persons or property for a charge; C. Non -Owned Aircraft Exception Exclusion g. under Paragraph 2. Exclusions of Section I — Coverage A — Bodily Injury And Property Damage Liability is amended to include the following exception: This exclusion does not apply to: (6) An aircraft you do not own provided: (a) The pilot in command holds a currently effective certificate, issued by the duly constituted authority of the United States of America or Canada, designating that person as a commercial or airline transport pilot; (b) It is rented with a trained, paid crew; and (c) It does not transport persons or cargo for a charge. D. Damage To Property —Exception For Equipment Loaned Or Rented To The Insured Exclusion j. under Paragraph 2. Exclusions of Section I — Coverage A — Bodily Injury And Property Damage Liability is amended to include the following exception: Paragraphs (3) and (4) of this exclusion do not apply to "property damage" to equipment rented or loaned to the insured, provided such equipment is not being used to perform any operations at a construction job site. E. Electronic Data — Exception For Physical Injury To Tangible Property Exclusion p. under Paragraph 2. Exclusions of Section I — Coverage A — Bodily Injury And Property Damage Liability is deleted and replaced by the following: p. Electronic Data Damages arising out of the loss of, loss of use of, damage to, corruption of, inability to access, or inability to manipulate electronic data. However, this exclusion does not apply to: (1) 'Bodily injury"; or (2) Physical injury to tangible property. As used in this exclusion, electronic data means information, facts or programs stored as or on, created or used on, or transmitted to or from computer software, including systems and applications software, hard or floppy disks, CD-ROMs, tapes, drives, cells, data processing devices or any other media which are used with electronically controlled equipment. F. Pollution — Exception For Damage To Rented Premises Caused By Hostile Fire Exclusion f. under Paragraph 2. Exclusions of Section I — Coverage A — Bodily Injury And Property Damage Liability is amended to include the following exception: CB CG 04 0001 0320 Includes copyrighted material of Insurance Services Office, with its permission. Page 2 of 9 This exclusion does not apply to "property damage" to premises while rented to you or temporarily occupied by you with the permission of the owner and caused by a "hostile fire", explosion, smoke or leakage from fire protection equipment. G. Personal And Advertising Injury Coverage — Contractual Liability Exception For Insured Contracts Exclusion e. under Paragraph 2. Exclusions of Section I — Coverage B — Personal And Advertising Injury Liability is deleted and replaced by the following: e. Contractual Liability "Personal and advertising injury" for which the insured has assumed liability in a contract or agreement. This exclusion does not apply to liability for damages: (1) That the insured would have in the absence of the contract or agreement; or (2) Assumed in a written contract or agreement that is an "insured contract" provided the "personal and advertising injury" is caused by an offense first committed after the execution of the contract or agreement. H. Medical Expenses Coverage — Three Years To Report Expenses Subparagraph l.a.(b) under Section I — Coverage C — Medical Payments is deleted and replaced by the following: (b) The expenses are incurred and reported to us within three years of the date of the accident; and I. Supplementary Payments — Increased Limits Paragraph 1. under Section I — Supplementary Payments —Coverages A And B is deleted and replaced by the following: 1. We will pay, with respect to any claim we investigate or settle, or any "suit" against an insured we defend: a. All expenses we incur. b. The cost of: (1) Bail bonds; or (2) Bonds required to: (a) Appeal judgments; or (b) Release attachments; but only for bond amounts within the available limit of insurance. We do not have to furnish these bonds. c. All reasonable expenses incurred by the insured at our request to assist us in the investigation or defense of the claim or "suit", including actual loss of earnings up to $1,000 a day because of time off from work. d. All court costs taxed against the insured in the "suit". e. Prejudgment interest awarded against the insured on that part of the judgment we pay. If we make an offer to pay the applicable limit of insurance, we will not pay any prejudgment interest based on that period of time after the offer. E All interest on the full amount of any judgment that accrues after entry of the judgment and before we have paid, offered to pay, or deposited in court the part of the judgment that is within the applicable limit of insurance. J. Who Is An Insured — Subsidiaries Or Newly Acquired Or Formed Organizations — Including New And Existing Subsidiaries, Partnerships, Joint Ventures, Limited Liability Companies Paragraph 2. under Section II — Who Is An Insured is deleted and replaced by the following: 2. If there is no other insurance available, each of the following is also a Named Insured: a. A subsidiary organization of the first Named Insured shown in the Declarations of which, at the beginning of the policy period and at the time of loss, the first Named Insured controls, either directly or indirectly, more than 50 percent of the interests entitled to vote generally in the election of the governing body of such CB CG 04 0001 0320 Includes copyrighted material of Insurance Services Office, with its permission. Page 3 of 9 organization; or b. A subsidiary organization of the first Named Insured shown in the Declarations that the first Named Insured acquires or forms during the policy period, if at the time of loss the first Named Insured controls, either directly or indirectly, more than 50 percent of the interests entitled to vote generally in the election of the governing body of such organization. K. Who Is An Insured— Employees Including Incidental Healthcare Professional Services Paragraph 3.a. under Section II — Who Is An Insured is deleted and replaced by the following: 3. Each of the following is also an insured: a. Your "employees" but only for acts within the scope of their employment by you or while performing duties related to the conduct of your business. However, no "employee" is an insured for: (1) 'Bodily injury" or "personal and advertising injury": (a) To you, to any of your directors, managers, members, "executive officers" or partners (whether or not an "employee") or to any co -"employee" while such injured person is either in the course of his or her employment or while performing duties related to the conduct of your business; (b) To the brother, child, parent, sister or spouse of such injured person as a consequence of any injury described in Paragraph (1)(a) above; or (c) For which there is any obligation to share damages with or repay someone else who must pay damages because of any injury described in Paragraph (1)(a) or (b) above. CB CG 04 0001 0320 Includes copyrighted material of Insurance Services Office, with its permission. Page 4 of 9 With respect to "bodily injury" only, the limitations described in Paragraph 3.a.(1) above do not apply to: (i) You or to your directors, managers, members, "executive officers", partners or supervisors as insureds; (ii) Your "employees" as insureds, with respect to such damages caused by cardiopulmonary resuscitation or first aid services administered by such an "employee"; or (iii) Your "employees" who are nurses, emergency medical technicians, or paramedics as insureds, with respect to such damages that are caused by providing or failing to provide professional healthcare services, but only if you are not engaged in the business or occupation of providing medical, paramedical, surgical, dental, x-ray or nursing services. (2) "Property damage" to any property owned, occupied or used by you or by any of your directors, managers, members, "executive officers" or partners (whether or not an "employee") or by any of your "employees". This limitation does not apply to "property damage" to premises while rented to you or temporarily occupied by you with the permission of the owner. L. Additional Insureds Paragraph 3. under Section II — Who Is An Insured is amended by including the following: Controlling Interest Any person or organization that has financial control of you or owns, maintains or controls premises while you lease or occupy such premises, but only with respect to their liability arising out of: (1) Their financial control of you; or (2) Premises they own, maintain or control while you lease or occupy these premises. However, no such person or organization is an insured with respect to structural alterations, new construction or demolition operations performed by or for that person or organization. Lessors Of Leased Equipment Any person or organization from whom you lease equipment, but only with respect to the maintenance or use by you of such equipment, and only if you are obligated pursuant to a contract or agreement to provide them with such insurance as is afforded by this Coverage Part. However, no such person or organization is an insured with respect to an "occurrence" that takes place, or an offense that is committed, after the equipment lease ends. Managers Or Lessors Of Premises Any person or organization from whom you lease premises, but only with respect to the ownership, maintenance or use of that particular part of such premises leased to you and only if you are obligated pursuant to a contract or agreement to provide them with such insurance as is afforded by this Coverage Part. However, no such person or organization is an insured with respect to: (1) An "occurrence" that takes place, or an offense that is committed, after you cease to be a tenant in such premises; or (2) Any structural alteration, new construction or demolition operations performed by or on behalf of them. Mortgagee, Assignee Or Receiver A mortgagee, assignee or receiver of premises, but only with respect to such mortgagee, assignee or receiver's liability for "bodily injury", "property damage" or "personal and advertising injury" arising out of your ownership, maintenance or use of a premises by you. However, no such person or organization is an insured with respect to structural alterations, new construction or demolition operations performed by, on behalf of, or for such additional insured. Other Persons Or Organizations Pursuant To A Contract Or Agreement Any person or organization that you are obligated pursuant to a contract or agreement to provide with such insurance as is afforded by this policy are insureds. CB CG 04 0001 0320 Includes copyrighted material of Insurance Services Office, with its permission. Page 5 of 9 However, the person or organization is an insured only: (1) To the extent such contract or agreement requires the person or organization to be afforded status as an insured; (2) For activities that did not occur, in whole or in part, before the execution of the contract or agreement; and (3) With respect to damages, loss, cost or expense for injury or damage to which this insurance applies. No person or organization is an insured: (1) That is more specifically identified under any other provision of Section II — Who Is an Insured (regardless of any limitation applicable thereto). (2) With respect to any assumption of liability (of another person or organization) by them in a contract or agreement. This limitation does not apply to the liability for damages, loss, cost or expense for injury or damage, to which this insurance applies, that the person or organization would have in the absence of such contract or agreement. Trade Show Event Lessor With respect to your participation in a trade show event as an exhibitor, presenter or displayer, any person or organization whom you are required to include as an additional insured, but only with respect to such person or organization's liability for "bodily injury", "property damage" or "personal and advertising injury" caused by: (1) Your acts or omissions; or (2) The acts or omissions of those acting on your behalf, in the performance of your ongoing operations at the trade show event premises during the trade show event. However, no such person or organization is an insured with respect to "bodily injury" or "property damage" included within the "products -completed operations hazard". Vendors Any person or organization who is a vendor of "your products", but only with respect to liability for "bodily injury" or "property damage" resulting from the distribution or sale of "your product" in the regular course of their business. However, no such person or organization is an insured with respect to any: (1) Assumption of liability (of another person or organization) by them in a contract or agreement. This limitation does not apply to the liability for damages for "bodily injury" or "property damage" that such person or organization would have in the absence of such contract or agreement; (2) Representation or warranty unauthorized by you; (3) Physical or chemical change in "your product" made intentionally by the vendor; (4) Repackaging, except when unpacked solely for the purpose of inspection, demonstration, testing or the substitution of parts under instructions from the manufacturer, and then repackaged in the original container; (5) Failure to make such inspections, 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 distribution or sale of "your product"; (6) Demonstration, installation, servicing or repair operations, except such operations performed at the vendor's premises in connection with the sale of "your product"; or (7) Of "your products" which, after distribution or sale by you, have been labeled or relabeled or used as a container, ingredient or part of any other thing or substance by or for the vendor. Further, no person or organization is an insured from whom you have acquired "your product", or any ingredient, part or container entering into, accompanying or containing "your product". Limitations Applicable To Additional Insureds With respect any person or organization that qualifies as an additional insured under paragraph L. above, the following limitations apply to such insured: CB CG 04 0001 0320 Includes copyrighted material of Insurance Services Office, with its pemussion. Page 6 of 9 (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. Limits Of Insurance Applicable to Additional Insureds With respect any person or organization that qualifies as an additional insured under paragraph L. above, the following is added to Section III — 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; whichever is less. However, the above paragraph shall not increase the applicable limits of insurance. M. Medical Expense Limit — $15,000 Paragraph 7. under Section III — Limits Of Insurance is amended by including the following: The Medical Expense Limit is the greater of: a. $15,000; or b. The amount shown in the Declarations for the Medical Expense Limit. N. Knowledge/Notice Of Occurrence Paragraph 2. under Section IV — Commercial General Liability Conditions is amended to include the following: f. Knowledge of an "occurrence" or offense by an agent or "employee" of the insured will not constitute knowledge by the insured, unless an "executive officer" (whether or not an "employee") of any insured or an "executive officer's" designee knows about such "occurrence" or offense. g. Failure of an agent or "employee" of the insured, other than an "executive officer" (whether or not an "employee") of any insured or an "executive officer's" designee, to notify us of an "occurrence" or offense that such person knows about will not affect the insurance afforded to you. h. If a claim or loss does not reasonably appear to involve this insurance, but it later develops into a claim or loss to which this insurance applies, the failure to report it to us will not violate this condition, provided the insured gives us immediate notice as soon as the insured is aware that this insurance may apply to such loss or claim. O. Primary And Non -Contributory Subparagraph 4.a. under Section IV — Commercial General Liability Conditions is amended to include the following: However, if you are obligated to a written contract or agreement to provide a person or organization that is included in Section II — Who Is an Insured with primary insurance such as is afforded by this policy, then this insurance is primary and we will not seek contribution from insurance available to such person or organization. P. Unintentional Failure To Disclose Hazards Paragraph 6. under Section IV — Commercial General Liability Conditions is amended to include the following: Unintentional failure of an "employee" of the insured to disclose a hazard or other material information will not violate this condition, unless an "executive officer" (whether or not an "employee") of any insured knows about such hazard or other material information. Q. Waiver Of Subrogation Required By Contract Paragraph 8. under Section IV — Commercial General Liability Conditions is deleted and replaced by the CB CG 04 0001 0320 Includes copyrighted material of Insurance Services Office, with its permission. Page 7 of 9 following: 8. Waiver Of Subrogation Required By Contract We will waive the rights of recovery we would otherwise have had against another person or organization, for loss to which this insurance applies, provided the insured has waived their rights of recovery against such person or organization in a contract or agreement that is executed before such loss. To the extent that the insured's rights to recover all or part of any payment made under this Coverage Part have not been waived, those rights are transferred to us. The insured must do nothing after loss to impair them. At our request, the insured will bring "suit" or transfer those rights to us and help us enforce them. This paragraph does not apply to Coverage C. R. In Rem The following is added to Section IV — Commercial General Liability Conditions: Any "suit" brought as an action In Rem against any watercraft owned or operated by or for the insured shall in all respects be treated in the same manner as though such "suit" were brought against the insured. CB CG 04 0001 0320 Includes copyrighted material of Insurance Services Office, with its permission. Page 8 of 9 S. Coverage Territory — Limited Worldwide Paragraph 4, under Section V — Definitions is deleted and replaced by the following: 4. "Coverage territory" means all parts of the world. However, "coverage territory" does not include any: a. "Bodily injury" or "property damage" that takes place or any offense committed outside of the United States of America (including its possessions and territories), Canada and Puerto Rico, unless the insured's responsibility to pay damages is determined by a "suit" on the merits that is brought in the United States of America (including its possessions and territories), Canada or Puerto Rico; or b. Injury or damage in connection with any "suit" brought outside the United States of America (including its possessions and territories), Canada and Puerto Rico. T. Insured Contract Amended —Railroad Limitations Removed Paragraph 9. under Section V — Definitions is deleted and replaced by the following: 9. "Insured contract" means: a. A lease of premises; b. A sidetrack agreement; c. An easement or license agreement; d. An obligation, as required by ordinance, to indemnify a municipality, except in connection with work for a municipality; e. An elevator maintenance agreement; or f. Any other contract or agreement pertaining to your business (including an indemnification of a municipality in connection with work performed for such municipality) in which you assume the tort liability of another person or organization to pay damages, to which this insurance applies, sustained by a third person or organization. "Insured contract" does not include that part of any contract or agreement that indemnifies an architect, engineer or surveyor for damages arising out of: (1) Preparing, approving, or failing to prepare or approve, maps, drawings, opinions, reports, surveys, field orders, change orders, designs or specifications; or (2) Giving directions or instructions, or failing to give them. All Other Terms And Conditions Remain Unchanged. f Authorized Representative CB CG 04 0001 0320 Includes copyrighted material of Insurance Services Office, with its permission. Page 9 of 9