Agenda - 01-21-2025 ; 8-i - Contract Amendment with Vaco, LLC for Payroll Audit Services

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31 COMMERCIAL GENERAL LIABILITY are in excess of the applicable limit of S. Premium Audit insurance. An agreed settlement means a a. We will compute all premiums for this settlement and release of liability signed by Coverage Part in accordance with our rules us, the insured and the claimant or the and rates. claimant's legal representative. 4. Other Insurance b. Premium shown in this Coverage Part as advance premium is a deposit premium only. If valid and collectible other insurance is At the close of each audit period we will available to the insured for a loss we cover compute the earned premium for that period under this Coverage Part, our obligations are and send notice to the first Named Insured. limited as described in Paragraphs a. and b. The due date for audit and retrospective below. premiums is the date shown as the due date As used anywhere in this Coverage Part, on the bill. If the sum of the advance and other insurance means insurance, or the audit premiums paid for the policy period is funding of losses, that is provided by, through greater than the earned premium, we will or on behalf of: return the excess to the first Named Insured. (i) Another insurance company; c. The first Named Insured must keep records of (ii) Us or any of our affiliated insurance the information we need for premium companies; computation, and send us copies at such (iii) Any risk retention group; or times as we may request. (iv) Any self-insurance method or program, in 6. Representations which case the insured will be deemed to By accepting this policy,you agree: be the provider of other insurance. a. The statements in the Declarations are Other insurance does not include umbrella insurance, or excess insurance, that was accurate and complete; bought specifically to apply in excess of the b. Those statements are based upon Limits of Insurance shown in the representations you made to us; and Declarations. c. We have issued this policy in reliance upon As used anywhere in this Coverage Part, your representations. other insurer means a provider of other The unintentional omission of, or unintentional insurance. As used in Paragraph b. below, error in, any information provided by you which insurer means a provider of insurance. we relied upon in issuing this policy will not a. Primary Insurance prejudice your rights under this insurance. This insurance is primary. If any of the However, this provision does not affect our right other insurance is also primary, we will to collect additional premium or to exercise our share with all that other insurance by the rights of cancellation or renewal in accordance method described in Paragraph b. below. with applicable insurance laws or regulations. b. Method Of Sharing 7. Separation Of Insureds If all of the other insurance permits Except with respect to the Limits of Insurance, contribution by equal shares, we will and any rights or duties specifically assigned in follow this method also. Under this this Coverage Part to the first Named Insured, approach each insurer contributes equal amounts until it has paid its applicable this insurance applies: limit of insurance or none of the loss a. As if each Named Insured were the only remains, whichever comes first. Named Insured; and If any of the other insurance does not b. Separately to each insured against whom permit contribution by equal shares, we claim is made or"suit" is brought. will contribute by limits. Under this g. Transfer Of Rights Of Recovery Against method, each insurer's share is based on Others To Us the ratio of its applicable limit of insurance to the total applicable limits of insurance If the insured has rights to recover all or part of of all insurers. any payment we have made under this Coverage Page 6 of 9 ©2016 The Travelers Indemnity Company.All rights reserved. CG T1 01 01 16 Includes copyrighted material of Insurance Services Office, Inc.with its permission.