Agmt24 City Pub (2620 Broadway) - Laserfiche WebLink

Browse Search

IV. Deductibles and limits: Except for workers' compensation, which is governed by your business' state's laws, each coverage has a limit and may have a deductible. Your business is responsible for any deductible. We are responsible for loss above any deductible, up to the limit. The type of loss determines the limit, the deductible amount, and when it is paid. We will never pay more than the limit that applies less any deductible. The Summary lists the deductible (if any) and the limit for (i) any one occurrence to listed buildings, (ii) any one occurrence to Other Property; (iii) net income and business interruption expenses ; (iv) any one liability occurrence and in aggregate for any and all liability occurrences; (v) for the repair (and any related expenses) of listed vehicles; (vi) any one occurrence for liability arising from accidents in which listed vehicles are involved, and (vii) for cyber incident services for any one occurrence involving data breaches or hacking of computer systems. For liability claims, we will pay the deductible portion and bill your business for it later, since we need to appoint counsel right away in order to protect your business. V. What your business needs to do: You expect us to be fair in meeting your business' needs. For us to best meet our responsibilities under this policy, we need your business to meet certain requirements as well. First, we need openness and honesty about all the information provided to us in connection with this policy. We will rely upon that information to give a premium estimate, and we also use it to protect ourselves in the event of fraud or efforts to abuse our policy and the promises we make in it. Second, we need your business to report to us as quickly as possible about anything that could give rise to claims, and cooperate with our requests. We ask that your business take all reasonable steps to protect itself and its property after a loss. Your business must file a police report following a theft. If you have any questions or concerns, the earlier you report to us, the faster we can act to cover your business. We may need to ask additional questions to process claims, and your business must answer those promptly and truthfully. After your business reports a claim to us, we will promptly investigate, and will promptly pay claims when liability has become clear and your business has provided us with proof of loss. Your business cannot give up claims it might have against others for the losses covered by this policy without our permission, except, if required by contract before starting work, your business may make this policy primary and waive our rights of subrogation or contribution. Third, keep us updated. If any of the information given to us changes, such as adding a new property to the business, let us know so that we can keep our records up to date. Some information we may seek to confirm in any event. For example, after this policy expires, we will likely ask for confirmation of payroll so we can confirm workers' compensation data. For this and any other information requests relating to this insurance, we will be relying on your business to provide accurate information. These requests may include audits of books or physical inspection of your business' operations. We will also use the information to adjust the premium (up or down) so it accurately reflects your business' risks. All premium for this policy will be determined by our manuals of rules, rates, rating plans and classifications. We may change our manuals and apply the changes to this policy if authorized by law or a governmental agency regulating this insurance. If your business does not meet its obligations to us, your business may lose some or all coverage under this policy. JTHREE To Report a Claim or For Questions: Call 1-800-507-4495 or Log On www.threeinsurance.com BY BERKSHIRE HATHAWAY 3PG 00 01-11/22 ATTY/AGR.2024.149/City Pub (2620 Broadway) (Page 29 of 36)