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RFP No. 01-03-01 Comp. Insurance
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Last modified
6/13/2012 5:15:29 AM
Creation date
12/27/2010 3:27:19 PM
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CityClerk-Bids_RFP_RFQ
Project Name
Comp. Insurance
Bid No. (xx-xx-xx)
01-03-01
Project Type (Bid, RFP, RFQ)
RFP
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COMPREHENSIVE GENERAL LIABILITY <br />COVERAGE SPECIFICATIONS <br />NOTICE AND KNOWLEDGE OF OCCURRENCE <br />It is agreed that where the insured reports an occurrence to the Workers Compensation carriers, <br />which later develops into a liability claim, failure to report such occurrence to the company <br />providing the policy to which this endorsement is attached at the time of conditions, with the <br />distinct understanding and agreement that, as soon as the insured is made aware of the fact that the <br />particular occurrence is a liability claim is a liability rather than a compensation claim the insured <br />shall give notification of the occurrence to the company. <br />It is further agreed that knowledge of an occurrence by the agent, servant, or employee of the <br />insured shall not in itself constitute knowledge by the insured unless an executive officer of the <br />insured corporation shall have received such notice from its agent, servant and employee. <br />ERRORS AND OMISSIONS CLAUSE <br />It is agreed that the failure of the named insured to disclose all hazards existing at the effective date <br />of the policy shall not prejudice the insured with respect to the coverage afforded by the policy <br />provided such failure is not intentional. <br />DISCLOSURE OF PREMIUM HAZARD <br />It is agreed that the inadvertent failure to disclose all premises and hazards at the inception of the <br />policy shall not void coverage. Premiums for this undisclosed hazards shall be determined at audit. <br />12 <br />
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