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Docusign Envelope ID: B576D624-E16E-4D9F-BC67-5703DE54A6F8 <br /> UMBRELLA <br /> maintain an ownership interest of more than the date, if any, during the policy period, that <br /> 50%, on the first day of the policy period is an you no longer maintain an ownership interest <br /> insured and will qualify as a Named Insured. No of more than 50% in such organization. <br /> such organization is an insured or will qualify as 3. Any organization you newly acquire or form, <br /> a Named Insured for "bodily injury" or "property other than a partnership, joint venture or <br /> damage" that occurred, or "personal injury" or limited liability company, and of which you are <br /> "advertising injury" caused by an offense the sole owner, or in which you maintain an <br /> committed after the date, if any, during the ownership interest of more than 50%, if there <br /> policy period, that you no longer maintain an is no other similar insurance available to that <br /> ownership interest of more than 50% in such organization. However: <br /> organization. <br /> a. Coverage under this provision is afforded <br /> S. Any organization you newly acquire or form, only until the 180th day after you acquire <br /> other than a partnership, joint venture or limited or form the organization or the end of the <br /> liability company, and of which you are the sole policy period, whichever is earlier; and <br /> owner, or in which you maintain an ownership <br /> interest of more than 50%, is an insured and b. Coverage for such organization does not <br /> will qualify as a Named Insured if there is no apply to "crisis management service <br /> other similar insurance available to that expenses" arising out of a "crisis <br /> organization. However: management event" that occurred before <br /> you acquired or formed the organization, <br /> a. Coverage under this provision is afforded even if an "executive officer" only first <br /> only until the 180th day after you acquire or becomes aware of an "event" or <br /> form the organization or the end of the "occurrence" that leads to such "crisis <br /> policy period, whichever is earlier; and management event" after the date you <br /> b. Coverage for such organization does not acquired or formed the organization. <br /> apply to: No person or organization is an insured or will <br /> (1) "Bodily injury" or "property damage" qualify as a Named Insured with respect to the <br /> that occurred; or conduct of any current or past partnership, joint <br /> venture or limited liability company that is not <br /> (2) Personal injury or advertising injury shown as a Named Insured in the Declarations. <br /> arising out of an offense committed; <br /> SECTION III —LIMITS OF INSURANCE <br /> before you acquired or formed the <br /> organization. A. The Limits of Insurance shown in the Declarations <br /> No person or organization is an insured or will and the rules below fix the most we will pay for the <br /> qualify as a Named Insured with respect to the amounts described below to which this insurance <br /> conduct of any current or past partnership, joint applies regardless of the number of: <br /> venture or limited liability company that is not shown 1. Insureds; <br /> as a Named Insured in the Declarations. This 2. Claims made or"suits" brought; <br /> paragraph does not apply to any such partnership, <br /> joint venture or limited liability company that 3. Number of vehicles involved; <br /> otherwise qualifies as an insured under Paragraph 4. Persons or organizations making claims or <br /> B. of SECTION II —WHO IS AN INSURED. bringing "suits"; or <br /> C. COVERAGE C — CRISIS MANAGEMENT S. Coverages provided under this insurance. <br /> SERVICE EXPENSES <br /> As indicated in Paragraph D.1. of SECTION I — <br /> With respect to Coverage C, the following persons COVERAGES, for any "suit" for which we have <br /> and organizations are insureds and will qualify as the right and duty to defend the insured under <br /> Named Insureds: <br /> Coverage A, defense expenses will be within the <br /> 1. The Named Insured shown in the Declarations. limits of insurance of this policy when such <br /> 2. Any organization, other than a partnership, joint expenses are within the limits of insurance of the <br /> venture or limited liability company, of which applicable "underlying insurance". <br /> you are the sole owner, or in which you B. The General Aggregate Limit is the most we will <br /> maintain an ownership interest of more than pay for the sum of all: <br /> 50%, on the first day of the policy period. No <br /> such organization is an insured or will qualify as 1. Damages; and <br /> a Named Insured for "crisis management 2. Defense expenses if such expenses are <br /> service expenses" arising out of a "crisis within the limits of insurance of this policy; <br /> management event" that first commences after except: <br /> Page 6 of 22 ©2016 The Travelers Indemnity Company.All rights reserved. EU 00 01 07 16 <br />