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Resolution No. 2010-045RESOLUTION NO. 2010-45 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE PROCUREMENT OF POLLUTION LEGAL LIABILITY INSURANCE FROM GREAT AMERICAN INSURANCE GROUP THROUGH ARTHUR J. GALLAGHER & CO. WHEREAS, the City Council of the City of Vernon adopted Ordinance No. 1067 on December 8, 1998, which added Article VI to Chapter 12 of the Vernon City Code, establishing a non-exclusive franchise system for solid waste collection in the City; and WHEREAS, the City of Vernon developed a Standard Non - Exclusive Franchise Agreement for Solid Waste Management Services ("Franchise Agreement") for solid waste collection businesses operating in the City of Vernon; and WHEREAS, the City's current Pollution Legal Liability Insurance Policy with Great American Insurance Group ("Great American") for insurance in excess of insurance coverage required in the Franchise Agreement has come up for renewal; and WHEREAS, the City desires to procure the necessary insurance to protect the City; and WHEREAS, the City employed the services of Arthur J. Gallagher & Co. Insurance Brokers of California, Inc., Risk Management ("Arthur J. Gallagher") to act as the City's broker to structure and obtain the appropriate insurance coverage; and WHEREAS, Arthur J. Gallagher obtained quotes for pollution legal liability insurance coverage from three insurance companies, and has recommended that the City enter into an arrangement with Great American for the necessary environmental insurance; and WHEREAS, the Risk Manager has recommended the procurement of pollution legal liability insurance coverage with Great American; and WHEREAS, the City Council of the City of Vernon has determined that, pursuant to the provisions of subsection (b)(1) of Section 2.27 of the Vernon City Code, it is in the public interest and necessity to procure the necessary environmental insurance with Great American through Arthur J. Gallagher. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: The City Council of the City of Vernon hereby finds and determines that the recitals contained hereinabove are true and correct. SECTION 2: The City Council of the City of Vernon hereby approves and authorizes the City Administrator, or his designee, to execute any and all documents necessary for the purpose of securing a pollution legal liability insurance policy on behalf of the City of Vernon from Great American pursuant to the insurance proposal ("Insurance Proposalff), a copy of which is attached hereto as Exhibit A. SECTION 3: The City Council of the City of Vernon hereby approves and authorizes the payment of the annual premium of approximately $18,662.00 plus any applicable excess and surplus line taxes to Great American for a pollution legal liability insurance policyin accordance with the terms of the Insurance Proposal. SECTION 4: The City Council of the City of Vernon hereby authorizes the City Administrator, or his designee, to take whatever action is deemed necessary or desirable for the purpose of implementing and carrying out the purposes of this Resolution and the transactions herein approved or authorized. 2 SECTION 5: The City Council of the City of Vernon hereby directs the City Clerk, or his designee; to send a copy of this Resolution to: Arthur J. Gallagher.& Co. Insurance Brokers of California, Inc. Attn, Nasreen Kopecky, Account Manager 15 Enterprise, Suite 200 Aliso Viejo, CA 92656 SECTION 6: The City Clerk of the City of Vernon shall certify to the passage, approval and adoption of this resolution, and the City Clerk of the City of Vernon shall cause this resolution and the City Clerk's certification to be entered in the File of Resolutions of the Council of this City. APPROVED AND ADOPTED this 29th day of March, 2010. AT T ST: Willard G.-7apchu,City Clerk Name: Hilario Gonzales Title: Mayor / -3 STATE OF CALIFORNIA ) Ss COUNTY OF LOS ANGELES ) I, Willard G. Yamaguchi, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 2010-45, was duly passed, approved and adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Monday, March 29, 2010, and thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of Vernon. Executed this -)6 day of March, 2010, at Vernon, California. (SEAL) 4 CITY OF VERNON March 9, 2010 Mr. Willard G. Yamaguchi City of Vernon 4305 Santa Fe Avenue Vernon, CA, 90058 Re: Renewal Policy: Pollution Legal Liability Insurance Renewal Effective: March 23, 2610 to March 23, 2011 Dear Willard: Your Pollution Legal Liability policy will be renewing shortly. Attached is out -quotation for coverage. We would like to outline the following notable points for your consideration: • The insurance carrier is Great American E & S Insurance Company • The renewal premium is $18,662 and is subject to a 25% minimum earned premium • In order to bind coverage we need the following: ➢ Signed forms: Authorization to Bind, D-1 Form, • The A.M. Best is A IV. Our A.M. Best's Rating Summary is attached for your review. "If the above coverage is placed with a Non -Admitted carrier, the carrier is doing business in the state as a surplus lines or non -admitted carrier. As such, this carrier is not subject to the same regulations which apply to an admitted carrier nor do they participate in any insurance guarantee fund applicable in that state." • Any entity not named in this proposal may not be an insured entity. This may not include partnerships and joint ventures. + The policy will not be auditable. The premium is based upon number of tanks. • Defense costs are limited and included within the policy limits. • See Policy form Section "Exclusions" which are coverages NOT included in your program • Policy provides coverage for non -owned property Landfill/Transportations ONLY We are not aware of any changes in your exposures to loss, nor are we aware of any changes in your business operations that would necessitate additional coverage options. Please notify us immediately if you are planning any new business operations. IMPORTANT: The quotation (s) attached constitute certain of the terms and conditions of the insurance proposed by the insurer(s), based on the information provided by your company. It does not include all the terms, coverages, exclusions, limitations, conditions of the actual policy contract language. The insurance policy(ies) themselves must be read for those details. Policy forms for your reference will be made available upon request. We appreciate your business and look forward to working with you in the coming year. Please contact me if you have any questions. Sincerely Nasreen Kopecky Phrblic Ewity and Scludstic Division CITY OF VERNON PROPOSED CARRIER RATINGS AND ADMITTED STATUS ADMITTED PROPOSED CARRIERS A. M. BEST'S RATING NON -ADMITTED CITY OF VERNON IMPORTANT DISCLOSURES The proposal is an outline of certain of the terms and conditions insurers, based on the information provided by your company. coverages, exclusions, limitations, conditions of the actual policy policies themselves must be read for those details. Policy form; available upon request, of the insurance proposed by the It does not include all the terms, contract language. The insurance for your reference will be made We will not be operating in a fiduciary capacity, but only as your broker, obtaining a variety of coverage terms and conditions to protect the risks of your enterprise. We will seek to bind those coverages based upon your authorization; however, we can make no warranties in respect to policy limits or coverage considerations of the carrier. Actual coverage is determined by policy language, so read all policies carefully. Contact us with questions on these or any other issues of concern. Terrorism Act Disclaimer: The current TRIA/TRIPRA program may not cover all terrorism losses. While the most recent legislation eliminated the distinction between foreign and domestic acts of terrorism, a number of lines of coverage excluded under the TRIEA legislation passed in 2005 remain excluded, including commercial automobile, burglary and theft insurance, surety insurance, farm owners multiple perils and professional liability (although directors and officers liability is specifically included). If such excluded coverages are required, we recommend that you consider purchasing a separate terrorism policy. Please note that a separate terrorism policy for these excluded coverages may be necessary to satisfy loan covenants or other contractual obligations. The information contained in this proposal is based on the historical loss experience and exposures provided to Arthur J. Gallagher & Co. Insurance Brokers of California, Inc. This proposal is not an actuarial study. Should you wish to have this proposal reviewed by an independent actuary, we will be pleased to provide you with a listing of actuaries for your use. Public Endfy rrnd Scholastic Division CITY OF VERNON COMPENSATION DISCLOSURE One of the core values highlighted in The Gallagher Way states, "We are an Open Society," and our open society extends to the compensation Gallagher receives. For more information on Gallagher's compensation arrangements, please visit http://www.ajg.com/compdisclosure. In general, Gallagher may be compensated as follows: Gallagher Companies are primarily compensated from the usual and customary commissions or fees received from the brokerage and servicing of insurance policies, annuity contracts, guarantee contracts and surety bonds (collectively "insurance coverages") handled for a client's account, which such commissions and fees may vary from company to company and insurance coverage to insurance coverage. As permitted by law, Gallagher companies occasionally receive both commissions and - fees. In placing, renewing, consulting on or servicing your insurance coverages, Gallagher Companies may participate in contingent commission arrangements with insurance companies that provide for additional contingent compensation if underwriting, profitability, volume or retention goals are achieved. Such goals are typically based on the total amount of certain insurance coverages placed by Gallagher with the insurance company, not on an individual policy basis. As a result, Gallagher may be considered to have an incentive to place your insurance coverages with a particular insurance company. Gallagher Companies may also receive investment income on fiduciary funds temporarily held by them, such as premiums or return premiums. 3. Gallagher Companies may access other facilities, including wholesalers, reinsurance intermediaries, captive managers, underwriting managers and others that act as intermediaries for both Gallagher and other brokers in the insurance marketplace. Gallagher Companies may own some of these facilities, in whole or in part. If such a facility was utilized in the placement of a client's account, the facility may have earned and retained customary brokerage commission or fees for its work. 4. Gallagher assists its customers in procuring premium finance quotes and unless prohibited by law may earn compensation for this value added service. If you have specific questions about the compensation received by Gallagher and its affiliates in relation to your insurance placements, please contact your Gallagher representative for more details. In the event you wish to register a formal complaint regarding compensation Gallagher receives from insurers or third parties, please send an e-mail to Compensation_Complaints@ajg.com or send a letter to: AVC Compliance Officer Arthur J. Gallagher & Co. Two Pierce Place, 20`" Floor Itasca, IL 60143 Public EndV and Scholastic Division 8 CITY OF VERNON CONTINGENT AND SUPPLEMENTAL COMMISSION DISCLOSURE Effective October 1, 2009, Arthur J. Gallagher & Co., and its subsidiaries operating as insurance brokers under the corporate holding company known as Arthur J. Gallagher Brokerage & Risk Management Services, LLC, resumed participating in "Contingent Income Agreements" which are routinely offered by insurance companies to brokers, after voluntarily foregoing the benefit of this type of compensation since January 1, 2005. In placing, renewing, consulting on or servicing your insurance coverages, Gallagher companies may participate in contingent commission arrangements with insurance companies that provide for additional contingent compensation if certain underwriting, profitability, volume or retention goals are achieved: Such goals are typically based on the total amount of certain insurance coverages placed by Gallagher with the insurance company, not on an individual policy basis. As a result, Gallagher may be considered to have an incentive to place your insurance coverages with a particular insurance company. During the time Gallagher's retail operations did not accept contingent commissions, some insurance markets, including Gallagher owned intermediaries, modified their commission schedule with Gallagher, resulting in an increase in some commission rates. The additional commissions, commonly referred to as "supplemental commissions", are known at the effective date of the policy, but some insurance companies are paying the commission increase apart and later from when the commission is normally paid at policy issuance. Unlike contingent commissions, supplemental conunission payments are determined without regard to any performance factors which are contingent on future growth, retention, profitability, etc. The following markets including Gallagher owned entities, and their affiliated companies may pay Gallagher supplemental commission: • Chubb Companies • CNA Companies • CRC Insurance Services • Crum & Forster Companies • Fireman's Fund Companies • Hartford Companies • Hartford Steam Boiler • Liberty Mutual Companies • Munich Re America • Navigators Group • Travelers Companies • Westfield Companies • Zenith Companies • Zurich North America Companies • Arthur J. Gallagher (UK)/Risk Placement Services (RPS) The contingent and supplemental commission ranges from less than 1% up to 10% of written or earned premium on eligible lines of business, not all lines of business qualify, and supplemental commission is not paid on policies written net of commission (zero commission). NOTE: Upon request, your Gallagher representative can provide more specific information as it relates to this proposal. PWKic Endfy and Sclwlwdc Division CITY OF VERNON IMPORTANT NOTICE REGARDING CLAIMS SERVICE Each and every policy that we have placed for you contains specific instructions on how, when, and where to report claims to the insurer. If you would like our western region claims service team to assist you with reporting claims, however, please note the following important contact information: Email contact: WR-Claims@ajg.com Toll free numbers for assistance: Phone: 866-971-9462 Fax: 866-971-9464 Address for mailing: Arthur J. Gallagher & Co. Insurance Brokers of California, Inc. 45 E. River Park Place West, Suite 408 Fresno, CA 93720 Please note that nothing in this notice amends any notice provisions contained in any of your insurance policies. In the event you do need assistance with reporting a claim, please feel free to contact the service team at the telephone numbers above. Arbli!,c Entity and Scholastic Division Cel CITY OF VERNON CLIENT AUTHORIZATION TO BIND COVERAGE After careful consideration of your proposal dated March 9, 2010, we accept your insurance program subject to the following exceptions/changes: POLICY OPTIONS: • T®JIN Select Coverage Options To Bind: Pollution Legal Liability (Landfills/Transportations) Select Optional Terrorism (TRIA) Coverage to Bind I Reject All Recommended Coverage Considerations, Except I Would Like a Quote For: It is understood this proposal provides only a summary of the details; the policies will contain the actual coverages. We confirm the values, schedules, and other data contained in the proposal are from our records and acknowledge it is our responsibility to see that they are maintained accurately. Client Signature Dated Pkfflc Entity and Sdu3lastic Division 7 W 3� 5 i U O v c s O s.t Cd O cd 40 Re NN 00 D5 O bD O �. Cd u O U v p U O U Ol 4-4 ° co) ��T---III .S: +•' ! p4-4 4-4 1 is (A v a Q z v O s- bA M. h u rn r`Fsx h�b��n "O Q N U •� ~ -O O ° O 'a'"!. gg C) y vi 'N , :,� 1-4 U x 'h x s cd sa ! 0 AM oa v U` rQ�o Atzlwl. -a O C >ri bA bA U O U qq is - RN U cy bA C ,J O 1-4 O m CO ' t J° p y +4- w z aCd U i"i x ra v� v `O U. by 'd ' y y V Ta N o o N o0 O O 1 +'1 N 17 ss �.?{v _ w a e--I �-+ M >ri f •,y O" '.+"' G' 1-4 cr, r1 'n' E""I 0 (U 4-4 O { U v >a C1 O cq � �•� � � � cd U i ! C �' '�. rn v L �r1s r s'-f'try" c7„ i O pI 34 O -� v\ O Z—V~ s '-�', ', r� cn U o O 0 y .•Q cd b�A r7. �, 4W, 41 ..r N v OU .•Q cl u O I/�14 vI cy i r 4.111 O � y ',I-' C o R RRR{{{ V W r 4Uhh L ti U cd O QS OV r� A U 'n CI' U E"" o v o v o v o;° a. r,r Z a as �a �w N M CITY OF VERNON NOTICE: 1. THE INSURANCE POLICY THAT YOU ARE APPLYING TO PURCHASE IS BEING ISSUED BY AN INSURER THAT IS NOT LICENSED BY THE STATE OF CALIFORNIA. THESE COMPANIES ARE CALLED "NONADMITTED" OR "SURPLUS LINE" INSURERS. 2. THE INSURER IS NOT SUBJECT TO THE FINANCIAL SOLVENCY REGULATION AND ENFORCEMENT THAT APPLY TO CALIFORNIA LICENSED INSURERS. 3. THE INSURER DOES NOT PARTICIPATE IN ANY OF THE INSURANCE GUARANTEE FUNDS CREATED BY CALIFORNIA LAW. THEREFORE, THESE FUNDS WILL NOT PAY YOUR CLAIMS OR PROTECT YOUR ASSETS IF THE INSURER BECOMES INSOLVENT AND IS UNABLE TO MAKE PAYMENTS AS PROMISED. 4. CALIFORNIA MAINTAINS A LIST OF ELIGIBLE SURPLUS LINE INSURERS APPROVED BY THE INSURANCE COMMISSIONER. ASK YOUR AGENT OR BROKER IF THE INSURER IS ON THAT LIST, OR VIEW THAT LIST AT THE INTERNET WEB SITE OF THE CALIFORNIA DEPARTMENT OF INSURANCE: www.insurance.ca.gov. 5. FOR ADDITIONAL INFORMATION ABOUT THE INSURER YOU SHOULD ASK QUESTIONS OF YOUR INSURANCE AGENT, BROKER, OR "SURPLUS LINE" BROKER OR CONTACT THE CALIFORNIA DEPARTMENT OF INSURANCE, AT THE . FOLLOWING TOLL -FREE TELEPHONE NUMBER:1-800-927-4357. 6. IF YOU, AS THE APPLICANT, REQUIRED THAT THE INSURANCE POLICY YOU HAVE PURCHASED BE BOUND IMMEDIATELY, EITHER BECAUSE EXISTING COVERAGE WAS GOING TO LAPSE WITHIN TWO BUSINESS DAYS OR BECAUSE YOU WERE REQUIRED TO HAVE COVERAGE WITHIN TWO BUSINESS DAYS, AND YOU DID NOT RECEIVE THIS DISCLOSURE FORM AND A REQUEST FOR YOUR SIGNATURE UNTIL AFTER COVERAGE BECAME EFFECTIVE, YOU HAVE THE RIGHT TO CANCEL THIS POLICY WITHIN FIVE DAYS OF RECEIVING THIS DISCLOSURE. IF YOU CANCEL COVERAGE, THE PREMIUM WILL BE PRORATED AND ANY BROKER'S FEE CHARGED FOR THIS INSURANCE WILL BE RETURNED TO YOU." Date• _ Insured: Fsblic Endzy and 5ciu It E Division 0 CITY OF VERNON POLLUTION LEGAL LIABILITY — OPTION 1 March 23, 2010 to March 23, 2011 Great American E&S Insurance Co Pollution Legal Liability $1,000,000/Aggregate On -Site and Off -Site $1,000,000/Aggregate Clean Up Costs Contracting Services $0 Pollution Liability Non -Owned Disposal $5,000,000/Aggregate Sites In -Bound and Out- $5,000,000/Aggregate Bound Contingent Transportation $5,000,000 $25,000 4305 Santa Fe Avenue, Vernon, CA 90058 Claims -Made & Reported Form None Claim means a demand, notice or assertion of a legal right alleging liability or responsibility on the part of the Insured, arising out of a Pollution Condition, and shall include but not be limited to lawsuits, orders, petitions or governmental or regulatory actions, filed against the Insured Public iEndfy and SdKAasdc Division • Pollution Legal Liability • On -Site and Off -Site Clean Up Costs • Contracting Services Pollution Liability • Non -Owned Disposal Site • In -Bound and Out -Bound Contingent Transportation Coverage 10 CITY OF VERNON POLLUTION LEGAL LIABILITY — OPTION 1 • Asbestos • Contractual Liability • Criminal Fines, Penalties and Assessments • Prior Incidents Exclusion • Terrorism (unless purchased) Excluded 25% Minimum Earned • 5 years currently valued Pollution loss runs. • Completed Surplus Lines Tax letter (broker responsibility). • Copies of your last two (2) years of financial statements and/or 10K reports. • Signed/dated Terrorism Disclosure Notice. • Written confirmation of no additional notices, violations or potential claims which would be related to environmental insurance coverage. $19,268 (includes all Surplus Liens Taxes and Fees) $187 200% of the Full Policy Premium Yes �f �3�_ �J u�-s �a x z a ME Covered Location Underground Storage Tank d Underground Storage Tank Capacity Contents 4305 Santa Fe Avenue, Vernon, CA 90058 10,000 Diesel 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline Po is Emiiy and Scholastic Division 11 CITY OF VERNON POLLUTION LEGAL LIABILITY - OPTION 1 As a condition precedent to the coverage hereunder, in the event a CLAIM is made against the INSURED for LOSS or CLEAN-UP COSTS, or a POLLUTION CONDITION is first discovered that results in a LOSS or CLEAN-UP COSTS, written or oral notice containing particulars sufficient to identify the INSURED and also. reasonably obtainable information with respect to the time, place and circumstances thereof, and the names and addresses of the injured and of available witnesses, shall be given by or for the INSURED to the Company or any of its authorized agents as soon as practicable. In the event of oral notice, the INSURED agrees to furnish a written report as soon as practicable. The INSURED shall also forward to the Company every demand, notice, summons, order or other process received by the INSURED or the INSURED's representative as soon as practicable. In the event of the termination of this insurance before the expiration date shown in the Declarations, the INSURED shall be entitled to a ninety (90) day Automatic Extended Reporting Period for no additional premium. The Automatic Extended Reporting Period shall apply as follows: (1) A CLAIM first made against the INSURED during the POLICY PERIOD and reported to the Company, in writing, during the ninety (90) days immediately following the effective date of such termination will be deemed to have been made on the last day of the POLICY PERIOD, provided such CLAIM is otherwise covered by this Policy. (2) A CLAIM first made against the INSURED and reported to the Company, in writing,, during the ninety (90) days immediately following the effective date of such termination will be deemed to have been made on the last day of the POLICY PERIOD, provided such CLAIM arises from a POLLUTION CONDITION first discovered and reported to the Company, in writing, prior to such termination, and is otherwise covered by this Policy. The Automatic Extended Reporting Period does not apply where: (1) the Policy is terminated for fraud or non-payment of premium; or (2) the INSURED has purchased other insurance to replace the insurance provided under this Policy. For the purposes of Section V.A. — Automatic Extended Reporting Period, under this Policy: (a) either cancellation or non -renewal shall be deemed to be a termination of this insurance; and (b) in the event of non -renewal, the expiration date shown in the Declarations shall ,be deemed the effective date of the termination. P'ablic amity and kWastic Division 12 CITY OF VERNON POLLUTION LEGAL LIABILITY— OPTION 1 The Optional Extended Reporting Period shall be effective for three (3) consecutive three -hundred and sixty-five (365) day periods commencing immediately following the effective date of cancellation or non -renewal. The FIRST NAMED INSURED must elect to purchase this Optional Extended Reporting Period in writing within thirty (30) days from the cancellation or non -renewal of the Policy. The Automatic Extended Reporting Period of ninety (90) days will be merged into this period and is not in addition to this period. The Optional Extended Reporting Period shall only apply to CLAIMS first made against the INSURED during the Optional Extended Reporting Period, but only by reason of a POLLUTION CONDITION first discovered and reported to the Company, in writing, during the POLICY PERIOD, and is otherwise covered by this Policy. The Optional Extended Reporting Period does not apply where: (1) the Policy is terminated for fraud or non-payment of premium; or (2) the INSURED has purchased other insurance to replace the insurance provided under this Policy. For the purposes of Section V.B. — Optional Extended Reporting Period under this Policy: (a) either cancellation or non -renewal shall be deemed to be a termination of this insurance; and (b) in the event of non -renewal, the expiration date shown in the Declarations shall be deemed the effective date of the termination. It is a condition precedent to the operation of the rights granted under Section V.B. that payment of the appropriate premium shall be made not later than thirty (30) days after expiration in the case of non -renewal or prior to cancellation in the case of cancellation. Public En ity and Schotasti[ Division 13 CITY OF VERNON POLLUTION LEGAL LIABILITY — OPTION 2 March 23, 2010 to March 23, 2011 Chubb Custom Insurance Co Bodily Injury, Property $5,000,000/Aggregate Damage, Rem' ediation Costs, New Pollution Incident Bodily Injury, Property Not Included Damage, Remediation Costs, Pre -Existing Pollution Incident Bodily Injury, Property $5,000,000/Aggregate Damage, Remediation Costs, Non Owned Locations Business Interruption Not Included $5,000,000 $25,000 4305 Santa Fe Avenue, Vernon, CA 90058 Claims -Made & Reported Form None Claim means a written demand or notice received by the Insured asserting liability or responsibility on the part of the Insured for loss. Claim does not include a potential claim that was reported under a prior policy as described in Section II, Paragraph 2 of the policy form, but which has become a claim during the policy period Public I ndfy and Scholwdc Division • Pollution Legal Liability including Bodily Injury, Property Damage and Remediation Costs • Pollution Legal Liability including Bodily Injury, Property Damage and Remediation Costs — Non Owned Locations 14 CITY OF VERNON POLLUTION LEGAL LIABILITY - OPTION 2 • Business Interruption • Material Change in Use • Mold • Identified Pollution Incidents Exclusion • Terrorism (unless purchased) Excluded 100% Minimum Earned • Receipt and satisfactory review of an original, signed Chubb ESL application and TRIA agreement (should the insured decline terrorism coverage) • Receipt and satisfactory review of environmental loss runs for the past three years • Receipt and satisfactory review of UST monitoring data • An engineering survey must be performed • Receipt of the insured's response to the recommendations of the engineering survey requested by CES within sixty (60) days of receipt of such recommendations. $17,371 (includes all Surplus Liens Taxes and Fees) $181 200% of the Full Policy Premium Yes Covered Location Underground Storage Tank Underground Storage Tank Capacity Contents 4305 Santa Fe Avenue, Vernon, CA 90058 10,000 Diesel 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline Pobllc DWfy and Scholastic Division 15 CITY OF VERNON POLLUTION LEGAL LIABILITY — OPTION 2 A. You must report a claim or discovery of a pollution incident to us as soon as possible and in any event during the policy period, or extended reporting period, if applicable. To the extent possible such notice should include: (1) how, when, and where the pollution incident took place; (2) the names and addresses of any injured persons and witnesses; (3) the nature and location of any injury or damage arising out of the pollution incident; and (4) the date you received the claim. B. You and any other involved insured must: (1) immediately send us copies of any demands, notices, summonses or any other process or legal papers received in connection with a claim; and (2) authorize us to obtain records and other information The named insured shall be entitled to a basic extended reporting period, and may purchase a supplemental extended reporting period, following Termination of Coverage as described below. A claim first made and reported to us within the basic extended reporting period or supplemental .extended reporting period, whichever is applicable, will be deemed to have been made on the last day of the policy period. Neither the basic nor the supplemental extended reporting period shall -reinstate or increase any of the Limits Of Insurance of this policy. Provided the named insured has not purchased any other insurance to replace this insurance, the named insured shall have a sixty (60) day basic extended reporting period. The named insured shall be entitled to purchase a supplemental extended reporting period of up to forty-eight (48) months for not more than 200% of the full policy premium stated in Item 9 of the Declarations. Such supplemental extended reporting period starts when the basic extended reporting period ends. We will issue an endorsement providing a supplemental extended reporting period provided that the named insured: A. makes a written request for such endorsement which we receive within thirty (30) days after Termination of Coverage; and B. pays the additional premium when due. If that additional premium is paid when due, the supplemental extended reporting period may not be cancelled, provided that all other terms and conditions of the policy are met. Firbtic Eniry and Scix wUE Division .CASN-D2 (Ed. 01 08) XS GnT^ 7 RFA'1EaThAN �#l./ll l Administrative Offices 580 Walnut Street IH6URANCE•GROUP Cincinnati, Oh 45202 Tel: 1-513-369-5000 SURPLUS LINES NOTIFICATION 1. THE INSURANCE POLICY THAT YOU HAVE PURCHASED IS BEING ISSUED BY AN .INSURER THAT IS NOT LICENSED BY THE STATE OF CALIFORNIA. THESE COMPANIES ARE CALLED "NONADMITTED" OR "SURPLUS LINE" INSURERS. 2. THE INSURER IS NOT SUBJECT TO THE FINANCIAL SOLVENCY REGULATION AND ENFORCEMENT WHICH APPLIES TO CALIFORNIA LICENSED INSURERS. 3. THE INSURER DOES NOT PARTICIPATE IN ANY OF THE INSURANCE GUARANTEE FUNDS CREATED BY CALIFORNIA LAW. THEREFORE, THESE FUNDS WILL NOT PAY YOUR CLAIMS OR PROTECT YOUR ASSETS IF THE INSURER BECOMES INSOLVENT AND IS UNABLE TO MAKE PAYMENTS AS PROMISED. 4. CALIFORNIA MAINTAINS A LIST OF ELIGIBLE SURPLUS LINE INSURERS APPROVED BY THE INSURANCE COMMISSIONER. ASK YOUR AGENT OR BROKER IF THE INSURER IS ON THAT LIST, OR VIEW THAT LIST AT THE WEB SITE OF THE -CALIFORNIA DEPARTMENT OF INSURANCE: WWW.INSURANCE.CA.GOV. 5. FOR ADDITIONAL INFORMATION ABOUT THE INSURER YOU SHOULD ASK QUESTIONS OF YOUR INSURANCE AGENT, BROKER, OR "SURPLUS LINE" BROKER OR CONTACT THE CALIFORNIA DEPARTMENT OF INSURANCE, AT THE FOLLOWING TOLL -FREE TELEPHONE NUMBER: 1-800-927-4357. 6. IF YOU, AS THE APPLICANT, REQUIRED THAT THE INSURANCE POLICY YOU HAVE PURCHASED BE BOUND IMMEDIATELY, EITHER BECAUSE EXISTING COVERAGE WAS GOING TO LAPSE WITHIN TWO BUSINESS DAYS OR BECAUSE YOU WERE REQUIRED TO HAVE COVERAGE WITHIN TWO BUSINESS DAYS, AND YOU DID NOT RECEIVE THIS DISCLOSURE FORM AND A REQUEST FOR YOUR SIGNATURE UNTIL AFTER COVERAGE BECAME EFFECTIVE, YOU HAVE THE RIGHT TO CANCEL THIS POLICY WITHIN FIVE DAYS OF RECEIVING THIS DISCLOSURE. IF YOU CANCEL COVERAGE, THE PREMIUM WILL BE PRORATED AND ANY BROKER FEE- CHARGED FOR THIS INSURANCE WILL BE RETURNED TO YOU. (Page 1 of 1) GREAT �, D iC 1►i AES 30 12 (Ed. 01 09) XS Administrative Offices f11 tlf 7 580 Walnut Street INSURANCE GROUP Cincinnati, Oh 45202 Tel: 1-513-369-5000 GENERAL SERVICE OF SUIT ENDORSEMENT (Not Applicable in Delaware or Pennsylvania) Pursuant to any statute of any state or district of the United States of America that makes provision therefor, the Insurer hereby designates the commissioner, superintendent or director of insurance or other officer specified for that purpose in the statute and his or her successors in office and duly authorized deputies in the state where this policy is issued, as the Insurer's true and lawful attorney for service of legal process in any action, suit or proceeding brought in the state where this policy is issued by or on behalf of an insured or beneficiary against the Insurer arising out of the insurance issued under this policy. Any legal process received by such attorney for service of legal process shall be forwarded, except as provided below, to the attention of: Eve Cutler Rosen, General Counsel, Great American Insurance Company, 580 Walnut Street, Cincinnati, Ohio 45202. In California, any legal process received by the Insurer's statutory attorney for service of process shall be forwarded to the attention of: Jere Keprios, The CT Corporation System, 818 West Seventh Street, Los Angeles, California 90017; In the District of Columbia, any legal process received by the Insurer's statutory attorney for service of process shall be forwarded to CT Corporation System, 1015 15th Street, NW, Suite 1000, Washington, DC 20005; In Maine, the Insurer hereby designates CT Corporation System as its attorney for service of legal process in any action relating to this policy, and directs that all such legal process be mailed to: CT Corporation System, One Portland Square, Portland, Maine 04101. In Oregon, the Insurer and the insured policyholder hereby agree to waive the provisions of Oregon Insurance Code Section 735.490 requiring that service of legal process in any action relating to this policy shall be served on the insurance agent who registered or delivered this policy, and instead agree that such service of legal process be mailed directly to Eve Cutler Rosen, General Counsel, Great American insurance Company 580 Walnut Street, Cincinnati, Ohio 45202. In Rhode Island, the Insurer hereby designates CT Corporation System as its attorney for service of legal process in any action relating to this policy, and directs that all such legal process be mailed to: CT Corporation System, 10 Weybosset Street, Providence, Rhode Island 02903. The foregoing designations of attorney for service of legal process upon the Insurer shall not constitute a waiver of the Insurer's rights to remove, remand, dismiss or transfer any suit or proceeding from any court, or to commence any suit or other proceeding in any court of competent jurisdiction. (Page 1 of 1) GREAAdministrative T ERICAN Offices 580 Walnut Street INSURANCE GROUP Cincinnati, Oh 45202 Tel: 1.513-369-5000 SDM-526 (Ed. 09 06) XS GREAT AMERICAN INSURANCE GROUP PRIVACY NOTICE AND NOTICE OF INSURANCE INFORMATION PRACTICES Great American Insurance Company Great American Alliance Insurance Company Great American Assurance Company Great American Contemporary Insurance Company Great American E & S Insurance Company Great American Fidelity Insurance Company Great American Insurance Company of New York Great American Lloyd's Insurance Company Great American Protection Insurance Company Great American Security Insurance Company Great American Spirit Insurance Company Worldwide Casualty Insurance Company American Empire Surplus Lines Insurance Company American Empire Insurance Company American Empire Underwriters, Inc. Crop Managers Insurance Agency, Inc. Dempsey & Siders Agency, Inc. Great American Custom Insurance Services, Inc. Great American Insurance Agency, Inc. (Page 1 of 3) SDM-526 (Ed. 09 06) XS The members of Great American Insurance Group ("Great American," including those companies listed in this Notice) respect your right to privacy. We want you to know about our procedures for protecting your privacy and your rights and responsibilities regarding nonpublic personal information (referred to as "data" in this notice) we receive about you. We want you to understand how we gather data about you and how we protect it. The terms of this Notice apply to those individuals who inquire about or obtain insurance from Great American primarily for personal, family or household purposes. We will provide our customers with a copy of the most recent notice of our privacy policy at least annually and more often if we make any changes affecting their rights under our privacy policy. This Notice applies to current and- former customers of Great American. Great American does not share your data except as allowed by law. As a result, you do not need to take any action under this Notice. If we change our practices in the future, we will advise you. If applicable, we will allow you to 'opt -out" of certain sharing. 1. What kind of data is collected about you? We get most of our data about you directly from you, such as your name, address, social security number, income level and certain other financial data. We collect data that you provide during the insurance application process and by other contact with you by mail and over the phone. In some cases we may need additional data or may need to verify data you have given us. In those cases, we may obtain data from outside sources at our own expense. For instance, we may collect data from consumer reporting agencies such as credit worthiness and history or employment history. If you send a written request to the address below, we will inform you of the name and address of any agency we have used to prepare a report on you so that you can contact the agency. Once you become our customer, we may collect data related to our experiences and transaction with you. This could include data such as insurance policy coverage, premiums and payment history, and any claims you make under your insurance policy. For example, we will retain data collected by a claims representative and police or fire reports. We may also collect data about you from our affiliates regarding their transactions and experiences with you (such as your payment or claims history). We do not currently share other credit -related data, except as allowed or required by law. Finally, we may collect data when you visit our website or when you email us. We do not sell this or any other data about you to anyone. 2. What do we do with data about you? Data about you will be kept in our records.- We may disclose data to issue and service policies and settle claims. Generally, we will not disclose data about you to any outside group without your prior authorization. However, we may, as allowed by law, share data that we collect as set forth below. We may disclose data to your insurance agent. We may disclose data to persons who represent you, including your attorney or trustee. We may disclose data to adjusters, appraisers, auditors, investigators and attorneys. We may disclose data to those who need the data to perform a business, professional or insurance function for us. We may disclose data to other insurance companies, agents or consumer reporting agencies, in connection with any insurance application, policy or claim involving you. (Page 2 of 3) SDM-526 (Ed. 09 06) XS We may disclose data to medical providers to inform you of a medical condition of which you may not be aware and for claims payment purposes. We may disclose data to others that conduct research, provided that no individual data may be identified in any research study report. We may disclose data, other than health data, to others that perform marketing services on our behalf. We may disclose data to our affiliated companies to market products to you and for other purposes. The law does not allow you to restrict this sharing. We may disclose data to a court, state insurance department or other government agency pursuant to a summons, court order, search warrant, subpoena, or as otherwise required by law or regulation. We will only disclose your health data in the following ways: as allowed or required by law; with your written consent; to underwrite or administer your policy, claim or account; or in a manner as previously disclosed to you by us when we collect your health data. When we disclose your data to third parties for certain purposes described above, we will require them to use your data only for its intended purpose. 3. Who has access to your data? The only people who have access to your data are those who need it to provide or support the provision of products or services to you. We use a system of passwords and other appropriate physical, electronic and procedural safeguards to protect against unauthorized access to your data. We have educated our employees about this Notice and the importance of customer privacy. 4. How can you review recorded data about you? You have the right to access and inspect most of the data that we collect about you. To access your data please send a written request to the address below stating that you would like to access your data. Either you or your personal representative must sign this request and provide a copy of your driver's license or other valid photo identification. You also have the right to request that we correct any data that you believe is incorrect. To amend your data, please send us a written request, at the address below, stating what data you believe needs correcting. Once again, either you or your personal representative must sign this request. If you submit a request to amend your data, we will investigate. If we agree, we will correct our records. Even if we do not correct the data, you have the right to file with us a written statement of dispute, which we will include, in any future disclosure of the data. 5. How can you contact us? If you have any questions about our privacy policy, please write to us at: GREAT AMERICAN INSURANCE COMPANY 580 Walnut Street Cincinnati, Ohio 45202 Attn: Compliance Office — Privacy (Page 3, of 3) Administrative Offices PEL 30 00 (Ed. 04 08) CTRE-ATAMERICAN, 580 CincWalnut Ohio Ie45202 INSURANCE GROUP Tel: 1-513-369-5000 GREAT AMERICAN E & S INSURANCE COMPANY PREMISES ENVIRONMENTAL LIABILITY INSURANCE DECLARATIONS THIS IS A CLAIMS MADE AND REPORTED POLICY. READ IT CAREFULLY. THIS POLICY REQUIRES THAT A CLAIM BE MADE AGAINST THE INSURED DURING THE POLICY PERIOD AND REPORTED TO THE COMPANY DURING THE POLICY PERIOD OR, IF APPLICABLE, THE EXTENDED REPORTING PERIOD. SOME OF THE PROVISIONS CONTAINED IN THIS POLICY RESTRICT COVERAGE, SPECIFY WHAT IS AND IS NOT COVERED AND DESIGNATE RIGHTS AND DUTIES. LEGAL EXPENSE IS SUBJECT TO AND WILL ERODE THE LIMIT OF LIABILITY AND ANY APPLICABLE SELF -INSURED RETENTION. Policy Number: PEL 8629840 00 Renewal Of: NEW BUSINESS Customer Number: 0004317344 1. Named Insured: CITY OF VERNON Street Address: 4305 SANTA FE AVENUE City/State/Zip: VERNON, CA 90058 2: Policy Period: From: 3/23/2009 To: 3/23/2010 (12:01 A.M. standard time at the mailing address shown in Item 1. above) 3. Coverages and Coverage Section Limits of Liability and Self -Insured Retention: If no Limit of Liability or Self -Insured Retention amount appears for a Coverage section shown below, this Policy does not apply for that Coverage section. Coverage Each POLLUTION CONDITION Limit Coverage Aggregate Limit Self -Insured Retention A. $ 1,000,000 $ 1,000,000 $ 25,000 B. $ 1,000,000 $ 1,000,000 $ 25,000 C. $0 $0 $0 D. $ 5,000,000 $ 5,000,000 $ 25,000 E. $ 5,000,000 $ 5,000,000 $ 25,000 4. Policy Aggregate Limit of Liability: $ 5,000,000 (Page 1 of 2) 5. COVERED 4305 SANTA FE AVENUE, VERNON, CA 90058 LOCATION(s): 6. CONTRACTING All Contracting Services SERVICES: 7. Retroactive Date: Not Applicable 8. Reverse Retroactive Date: Not Applicable 9. Premium: -Premium for Certified Acts of Terrorism (coverage rejected): -Premium for Taxes and Surcharges (included in above): 10. Minimum Earned Premium: 25% 11. Broker: ARTHUR J GALLAGHER & CO. Street Address: 505 N BRAND BLVD STE 600 City/State/Zip: GLENDALE, CA 91203 $ 18,508.00 $ 0.00 $ 0.00 PEL 30 00 (Ed. 04 08) 12. Forms and Endorsements applicable to all Coverage parts and made part of this Policy at the time of issue are listed on the attached Forms and Endorsements Schedule. (Page 2 of 2) y GuEAR yEiitcAly. INSURANCE GNUP ENVIRONMENTAL DIVISION ENDORSEMENT # PEL (Manus 03110) This endorsement, effective 12:01 a.m., , forms a part of Policy No. issued to City of Vernon By Great American E & S Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. CONTRACTING SERVICES DEFINITION AMENDATORY ENDORSEMENT This endorsement modifies insurance provided under the following: PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY The INSURED and the Company agree to the following Policy change(s): Section 11. DEFINITIONS, Item G. CONTRACTING SERVICES is deleted in its entirety and replaced with the following: G. CONTRACTING SERVICES means any contracting services listed in the Declarations and performed by or on behalf of the INSURED at a JOB SITE. All other terms and conditions remain the same. GAF AT �—�' AMERICAN. INSURANCE6ROUP ENVIRONMENTAL DIVISION ENDORSEMENT # PEL (Manus 03/10) This endorsement, effective 12:01 a.m., , forms a part of Policy No. issued to City of Vernon By Great American E & S Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. NON -OWNED DISPOSAL SITE(S) ("NODS") AMENDATORY ENDORSEMENT This endorsement modifies insurance provided under the following: PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY The INSURED and the Company agree to the following Policy change(s): 1. Section II. DEFINITIONS, Item Q. NON -OWNED DISPOSAL SITE(S) ("NODS") is deleted in its entirety and replaced with the following: Q. NON -OWNED DISPOSAL SITE($) ("NODS") means: 1. each location endorsed onto this Policy in the NODS Schedule; or 2. a location(s) used for the treatment, storage or disposal of an INSURED's waste material, but only if: a. the waste material is generated by CONTRACTING SERVICES or at a COVERED LOCATION(S); and b. the NODS is not managed, operated, owned or leased by the INSURED or any subsidiary or affiliate of the INSURED; and c. the NODS is permitted and/or licensed by any Federal, State, Local or Provincial authorities to accept such material as of the date of the treatment, storage or disposal; and d. the NODS is not listed on a ' proposed or final Federal National Priorities List ("NPL") and any State or Provincial equivalent NPL, Superfund or Hazardous Waste list prior to the treatment, storage or disposal. GrsEATAncvv INSURANCE GNUP ENVIRONMENTAL DIVISION 2. Section I. INSURING AGREEMENTS, D. Coverage D — NON -OWNED DISPOSAL SITE applies to the following locations: Schedule of NODS: • Puente Hills Landfill, 2800 South Workman Mill Road, Whittier, CA 90601 • Sunshine Canyon Landfill, 14747 San Fernando Road, Sylmar, CA 91342 • Olinda Alpha Sanitary Landfill, 1942 N. Valencia Avenue, Brea, CA 92823 • Antelope Valley Public Landfill, 1200 West City Ranch Road, Palmdale, CA 93551 • Azusa Land Reclamation, 1211 West Gladstone Street, Azusa, CA 91702 • Chiquita Canyon Landfill, 29201 Henry Mayo Drive, Valencia, CA 91355 • Commerce Refuse -to -Energy, 5926 Sheila Street, Commerce, CA 90040 • El Sobrante Landfill, 10910 Dawson Canyon Road, Corona, CA 92883 • Landcaster Landfill and Recycling, 600 E. Avenue #F, Landcaster, CA 93535 • Simi Valley Landfill and Recycling, 2801 Madera Road, Simi Valley, CA 93065 • Frank R. Bowerman Sanitary Landfill, 11002 Bee Canyon Access Road, Irvine, CA 92618 All other terms and conditions remain the same. t(•-- AdministreUveOf(ces PEL 30 01 (Ed. 04 08) GREA "TyyA JemERICAN 580 Waetu Ohi' 0 45202 INSURANCE CROUP Tel: 1-513-369-5000 GREAT AMERICAN E & S INSURANCE COMPANY PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY THIS IS A CLAIMS MADE AND REPORTED POLICY. READ IT CAREFULLY. THIS POLICY REQUIRES THAT A CLAIM BE MADE AGAINST THE INSURED DURING THE POLICY PERIOD AND REPORTED TO THE COMPANY DURING THE POLICY PERIOD OR, IF APPLICABLE, THE EXTENDED REPORTING PERIOD. SOME OF THE PROVISIONS CONTAINED IN THIS POLICY RESTRICT COVERAGE, SPECIFY WHAT IS AND IS NOT COVERED AND DESIGNATE RIGHTS AND DUTIES. LEGAL EXPENSE IS SUBJECT TO AND WILL ERODE THE LIMIT OF LIABILITY AND ANY APPLICABLE SELF -INSURED RETENTION. In this Policy, "the Company" refers to the company providing this insurance. Some other words and phrases that appear in capital letters have special meaning. Refer to SECTION 11 — DEFINITIONS. In consideration of the payment of the Policy Premium and in reliance upon the statements contained in the Application and any other supplemental materials and information submitted in connection with the Application, and subject to all the terms, conditions, exclusions and limitations of this Policy, the Company agrees to provide insurance coverage to the INSURED as described herein: SECTION I. INSURING AGREEMENTS EACH OF THE FOLLOWING COVERAGES IS IN EFFECT ONLY IF IT IS SCHEDULED IN THE DECLARATIONS. EACH COVERAGE THAT IS IN EFFECT IS SUBJECT TO SECTION VI. LIMIT OF LIABILITY AND SELF -INSURED RETENTION. A. COVERAGE A - POLLUTION LEGAL LIABILITY The Company will pay on behalf of the INSURED for LOSS and related LEGAL EXPENSE because -of a POLLUTION CONDITION on, at, under or migrating from the COVERED LOCATION(S), which the INSURED becomes legally obligated to pay as a result of a CLAIM first made against the INSURED during the POLICY PERIOD, but only if the INSURED reports the CLAIM to the Company, in writing, during the POLICY PERIOD or, if applicable, the EXTENDED REPORTING PERIOD. B. COVERAGE B — ON -SITE AND OFF -SITE CLEAN-UP COSTS The Company will pay on behalf of the INSURED for CLEAN-UP COSTS and related LEGAL EXPENSE because of a POLLUTION CONDITION on, at, under or migrating from the COVERED LOCATION(S): 1. which the INSURED becomes legally obligated to pay as a result of a CLAIM first made against the INSURED during the POLICY PERIOD; or 2. if the POLLUTION CONDITION is first discovered by the INSURED during the POLICY PERIOD; but only if the INSURED notifies the Company of the CLAIM or POLLUTION CONDITION, in writing, during the POLICY PERIOD or, if applicable, the EXTENDED REPORTING PERIOD. C. COVERAGE C — CONTRACTING SERVICES POLLUTION LIABILITY The Company will pay on behalf of the INSURED for LOSS, CLEAN-UP COSTS, and related LEGAL EXPENSE (Page 1 of 12) PEL 30 01 (Ed. 04 08) which the INSURED becomes legally obligated to pay because of a POLLUTION CONDITION arising from CONTRACTING SERVICES where, during the POLICY PERIOD: 1. a CLAIM for such LOSS and/or CLEAN-UP COSTS is first made against the INSURED; or 2, the POLLUTION CONDITION first begins and is first discovered by the INSURED; but only if the INSURED notifies the Company of the CLAIM or POLLUTION CONDITION, in writing, during the POLICY PERIOD, or, if applicable, the EXTENDED REPORTING PERIOD. D. COVERAGE D - NON -OWNED DISPOSAL SITE The Company will pay on behalf of the INSURED for LOSS, CLEAN-UP COSTS, and related LEGAL EXPENSE because of a POLLUTION CONDITION on, at, under or migrating from a NON -OWNED DISPOSAL SITE, which the INSURED becomes legally obligated to pay as a result of a CLAIM first made against the INSURED during the POLICY PERIOD, but only if the INSURED reports the CLAIM to the Company, in writing, during the POLICY PERIOD or, if applicable, the EXTENDED REPORTING PERIOD. E. COVERAGE E — IN -BOUND AND OUT -BOUND CONTINGENT TRANSPORTATION COVERAGE The Company will pay on behalf of the INSURED for LOSS, CLEAN-UP COSTS, and related LEGAL EXPENSE because of a POLLUTION CONDITION arising from the INSURED's goods, products or waste during the course of transportation by a CARRIER to or from: 1. a JOB SITE where CONTRACTING SERVICES are being performed; or 2. a COVERED LOCATION(S);. including any loading or unloading of such goods, products or waste, which the INSURED becomes legally obligated to pay as a result of a CLAIM first made against the INSURED during the POLICY PERIOD, but only if the INSURED reports the CLAIM to the Company, in writing, during the POLICY PERIOD or, if applicable,. the EXTENDED REPORTING PERIOD. SECTION II. DEFINITIONS A. ADDITIONAL NAMED INSURED means any person, organization, or entity identified as an ADDITIONAL NAMED INSURED in an .endorsement issued by the Company, but solely for their liability as a result of their ownership, maintenance, use, operation, development or financial interest in a COVERED LOCATION(S). B. AUTOMOBILE means a land motor vehicle, trailer, semi -trailer, mobile equipment, or off -road motor vehicle, including any machinery or apparatus attached thereto. C. BODILY INJURY means: 1. physical injury, sickness; disease, or building related illness sustained by any person, including death resulting therefrom, and, solely with regard to this Item CA., any accompanying medical or environmental monitoring; and/or 2. mental anguish, emotional distress, or shock; caused by a POLLUTION CONDITION. D. CARRIER means a person or entity, other than the INSURED or any subsidiary or affiliate company of the INSURED, engaged by or on behalf of the INSURED to transport material by AUTOMOBILE, aircraft, watercraft or rolling stock, but only if such person or entity is properly licensed to transport such material and in the business of transporting such material. (Page 2 of 12) PEL 30 01 (Ed. 04 08) E. CLAIM means a demand, notice or assertion of a legal right alleging liability or responsibility on the part of the INSURED, arising out of a POLLUTION CONDITION, and shall include but not be limited to lawsuits, orders, petitions or governmental or regulatory actions, filed against the INSURED. F. CLEAN-UP COSTS means reasonable and necessary expenses incurred to investigate, remove, dispose of, abate, contain, treat or neutralize a POLLUTION CONDITION, including any monitoring and testing costs: 1. to the extent required by Federal, State, Local or Provincial Laws, including but not limited to statutes, rules, ordinances, guidance documents, regulations and all amendments thereto, including state voluntary cleanup or risk based corrective action guidance, governing the liability or responsibilities of the INSURED; or 2. in the absence of items in 1. above, to the extent recommended by a ENVIRONMENTAL PROFESSIONAL; with respect to a POLLUTION CONDITION. CLEAN-UP COSTS includes REPLACEMENT COSTS and also includes any associated punitive, exemplary or multiplied damages, where insurable by law. G. CONTRACTING SERVICES means any contracting services listed in the Declarations and performed by the INSURED at a JOB SITE. H. COVERED LOCATION(S) means any location(s) stated in the Declarations or any location(s) scheduled as such onto this Policy by an endorsement issued by the Company. COVERED LOCATION(S) does not include a JOB SITE.. I. ENVIRONMENTAL PROFESSIONAL means an individual designated by the Company who is duly certified or licensed in a recognized field of environmental science as required by a state board, a professional association, or both. The Company shall consult with the INSURED in conjunction with the selection of the ENVIRONMENTAL PROFESSIONAL. The Company may require that such professional meet certain minimum qualifications and maintain errors and omissions insurance. J. EXTENDED REPORTING PERIOD means the Automatic Extended Reporting Period or, if applicable, the Optional Extended Reporting Period described in Section V. of this Policy. K. FIRST NAMED INSURED means the person or entity stated in the Declarations. L. INSURED means the FIRST NAMED INSURED, any ADDITIONAL NAMED INSURED added to this Policy by an endorsement issued by the Company, and any present or former director, officer, partner, member, employee, leased or temporary worker thereof, while acting within the scope of his/her duties as such. M. LEGAL EXPENSE means attorneys' fees and other charges and expenses incurred in the investigation, adjustment, defense, or settlement of any CLAIM for LOSS or CLEAN-UP COSTS, or in connection with the payment of any CLEAN-UP COSTS. LEGAL EXPENSE includes the fees and expenses of consultants, expert witnesses, accountants, court reporters, and other vendors, for goods or services in connection with such investigation, adjustment, defense, or settlement, whether incurred by the INSURED, defense counsel, or the Company. LEGAL EXPENSE does not include salary charges of regular employees or officials of the Company, fees and expenses of supervisory counsel retained by the Company, or the time and expense incurred by, the INSURED in assisting in the investigation or resolution of a CLAIM or in connection with CLEAN-UP COSTS, including but not limited to the costs of the INSURED's in-house counsel. N. LOSS means a monetary judgment, award or settlement of: 1. compensatory damages, or 2. punitive, exemplary or multiplied damages, civil fines, penalties and assessments, where insurable by law, because of BODILY INJURY and/or PROPERTY DAMAGE. (Page 3 of 12) PEL 30 01 (Ed. 04 08) O. JOB SITE means a location at which CONTRACTING SERVICES are performed. However, JOB SITE does not include any of the following: 1. a COVERED LOCATION(S); or 2. any location managed, operated, owned or leased by an INSURED or any subsidiary or affiliate of an INSURED. P. MOLD MATTER means mold, mildew or any type or form of fungus; including any mycotoxins, spores, or byproducts produced or released by fungi. 0. NON -OWNED DISPOSAL SITE(S) ("NODS") means a location(s) used for the treatment, storage or disposal of an INSURED'S waste material, but only if: 1. the waste material is generated by CONTRACTING SERVICES or at a COVERED LOCATION(S); and 2. the NODS is not managed, operated, owned or leased by the INSURED or any subsidiary or affiliate of the INSURED; and the NODS is permitted and/or licensed by any Federal, State, Local or Provincial authorities to accept such material as of the date of the treatment, storage or disposal; and 4. the NODS is not listed on a proposed or final Federal National Priorities List ("NPL") and any State or Provincial equivalent NPL, Superfund or Hazardous Waste list prior to the treatment, storage or disposal. R. POLICY PERIOD means the period stated in the Declarations. However, if this Policy is cancelled, by either the FIRST NAMED INSURED or the Company, the policy period ends at the effective date and time of the cancellation. S. POLLUTANTS mean any solid, liquid, gaseous or thermal pollutant, irritant or contaminant, including but not limited to smoke, vapors, odors, soot, fumes, acids, alkalis, toxic chemicals, hazardous substances, petroleum hydrocarbons, waste materials, including medical, infectious and pathological wastes, legionella, electromagnetic fields, MOLD MATTER and low-level radioactive waste and material. T. POLLUTION CONDITION means any one or more of the following: 1. the discharge, dispersal, release, seepage, migration, or escape of POLLUTANTS into or upon land or structures thereupon, the atmosphere, or any watercourse or body of water including groundwater; 2. the illicit abandonment of POLLUTANTS at a COVERED LOCATION(S) provided that such abandonment was committed by a person(s) or entity(ies) other than an INSURED and without any knowledge by a RESPONSIBLE PERSON; 3. the existence of MOLD MATTER on, at, or within buildings or structures. U. PROPERTY DAMAGE means: 1. physical injury to or destruction of tangible property of any person or organization other than an INSURED, including the resulting loss of use of such property, and including the personal property of such parties; or 2. loss of use of such property that has not been physically injured or destroyed; or 3. diminution in the value of such property; or 4. natural resource damage which means the physical injury to or destruction of, as well as the assessment of such injury or destruction, including the resulting loss of value of land, fish, wildlife, biota, air, water, groundwater, drinking water supplies, and other such resources belonging to, managed by, held in trust by, appertaining to, or otherwise controlled by the United States (including the resources of the fishery conservation zone established by the Magnuson -Stevens Fishery Conservation and Management Act(16 U.S.C. 1801 et. seq.)),.any State, Local or (Page 4 of 12) PEL 30 01 (Ed. 04 08) Provincial government, any foreign government, any Native American tribe, or, if such resources are subject to a trust restriction or alienation, any member of a Native American Tribe. caused by a POLLUTION CONDITION. However, PROPERTY DAMAGE does not include CLEAN-UP COSTS. V. REPLACEMENT COSTS means reasonable and necessary costs incurred by the INSURED with the Company's written consent, to repair, restore or replace damaged real or personal property in order to restore the property to the condition it was in prior to being damaged in the course of incurring CLEAN-UP COSTS. REPLACEMENT COSTS shall not exceed the actual cash value of such real or personal property prior to incurring the CLEAN-UP COSTS. For the purposes of this definition, actual cash value means replacement cost reduced by physical depreciation and obsolescence. W. RESPONSIBLE PERSON means any officer, director or partner of the INSURED; the manager or supervisor of the INSURED responsible for environmental or health and safety affairs, control or compliance; or any manager of a COVERED LOCATION(S). X. UNDERGROUND STORAGE TANK means any container or vessel, including the associated piping connected thereto, which is ten percent (10%) or more beneath the surface of the ground. SECTION Ill. TERRITORY This Policy applies only to CLAIMS first made or brought in the United States, its territories or possessions, Puerto Rico or Canada, but only if the INSURED'S responsibility to pay for LOSS is determined in: A. a proceeding on the merits conducted in the United States, its territories or possessions, Puerto Rico or Canada, or B. a settlement agreed to by the Company. SECTION IV. EXCLUSIONS This Insurance does not apply to any LOSS, CLEAN-UP COSTS, LEGAL EXPENSE or other coverage afforded under this Policy or any endorsement issued by the Company: 1. Asbestos based upon or arising out of any asbestos or asbestos containing material, in, on, or applied to any building or other structure. This exclusion does not apply to asbestos, or asbestos containing materials, in soil or in any watercourse or body of water including groundwater. 2. Communicable Diseases based upon or arising out of any exposure to infected humans or animals, or contact with bodily fluids of infected humans or animals. 3. Contractual Liability based upon or arising from the INSURED's assumption, under any contract or agreement, of the liability of another. This exclusion does not apply to liability the INSURED would have had in the absence of the contract or agreement. 4. Criminal Fines, Penalties and Assessments based upon or arising out of any criminal fine, criminal penalty, or criminal assessment. 5. Employer's LiabilityMorkers' Compensation based upon or arising out of any BODILY INJURY to an INSURED, or an employee of its parent, subsidiary or affiliate arising out of and in the course of employment by the INSURED or its parent or subsidiary or affiliate including BODILY INJURY or pecuniary loss to the spouse, child, parent, brother or sister of such injured employee. This exclusion applies whether the INSURED may be liable as an employer or in any other capacity and to any obligation to share damages with or repay another who must pay damages as a result of the BODILY INJURY. (Page 5 of 12) PEL 30 01 (Ed. 04 08) 6. Faulty Workmanship/Own Work based upon or arising out of the costs to repair or replace faulty workmanship, construction, fabrication, installation, assembly or remediation if such faulty workmanship, construction, fabrication, installation, assembly or remediation was performed in whole or in part by an INSURED. 1. Hostile Acts based upon or arising out of any consequence, whether direct or indirect, of declared or undeclared war, invasion, act of foreign enemy, hostilities, civil war, rebellion, revolution, insurrection, or military or usurped power, or in defending against any one or more of those. 8. Insured vs. Insured based upon or arising out of any CLAIM by one INSURED against any other INSURED. This exclusion does not apply to a CLAIM that arises out of an indemnification given by one INSURED to another INSURED as specified in a contract that was submitted and approved by the Company and added to this Policy by endorsement. 9. Insured's Property/Bailee Liability with respect to property damage to property owned, leased or operated by, or in the care, custody or control of, the INSURED, even if such property damage is incurred to avoid or mitigate LOSS or CLEAN-UP COSTS which may be covered under this Policy. This exclusion does not apply to REPLACEMENT COSTS. 10. Intentional Acts based upon or arising out of a POLLUTION CONDITION that results from any RESPONSIBLE PERSON's intentional disregard of, or deliberate, willful, or dishonest non-compliance with, any statute, regulation, ordinance, administrative complaint, notice letter, or instruction by or on behalf of any governmental agency or representative. 11. Known Condition(s) based on or arising out of any POLLUTION CONDITION that was known by or reported to any RESPONSIBLE PERSON, but was not expressly reported in writing to the Company, before: (a) the beginning of the POLICY PERIOD (as respects a POLLUTION CONDITION at any COVERED LOCATION(S), or arising out of any CONTRACTING SERVICES, shown in the Declarations at the beginning of the POLICY PERIOD), or (b) the Company issues an endorsement to add: I. the COVERED LOCATION(S) at which the POLLUTION CONDITION exists, or ii. the CONTRACTING SERVICES from which the POLLUTION CONDITION arises, to the Policy (as respects a POLLUTION CONDITION at any COVERED LOCATION(S), or arising out of any CONTRACTING SERVICES, that was not shown in the Declarations at the beginning of the POLICY PERIOD). Any such expressly reported POLLUTION CONDITION which is not otherwise excluded under this Policy by endorsement is deemed to be first discovered on the date the COVERED LOCATION(S) or CONTRACTING SERVICES, as applicable, were added to this Policy. 12. Lead -Based Paint based upon or arising out of lead -based paint in, on, or applied to, any building or other structure. This exclusion does not apply to lead -based paint in soil or in any watercourse or body of water including groundwater. 13. Material Change in Use based upon or arising out of a change in the use of, or operations at, a COVERED LOCATION(S) from the use or operations as of the date the COVERED LOCATION(S) became insured by this Policy, if that change materially increases the likelihood or severity of a POLLUTION CONDITION or CLAIM. 14. Natural Occurring Material(s) based upon or arising out of the existence, required removal, or abatement, of naturally occurring material(s). This exclusion does not apply where such substances are present at a JOB SITE due to the performance of (Page 6 of 12) PEL 30 01 (Ed. 04 08) CONTRACTING SERVICES or at a COVERED LOCATION(S) only because of human activities or processes. This exclusion also does not apply to MOLD MATTER. 15. New Pollution Conditions at Divested Property based upon or arising out of a POLLUTION CONDITION on, at, under or migrating from a COVERED LOCATION(S), if the discharge, dispersal, release, seepage, migration or escape of those POLLUTANTS begins after such COVERED LOCATION(S) is sold, given away, or abandoned by the INSURED, or condemned. 16. Products Liability based upon or arising out of goods or products manufactured, sold, handled, distributed, altered or repaired by the INSURED or by others trading under the INSURED's name, including any container thereof, any failure to warn, or any reliance upon a representation or warranty made at any time with respect thereto, but only if the POLLUTION CONDITION occurs away from the COVERED LOCATION(S) and after physical possession of such goods or products has been relinquished to others. 17. Retroactive Date based upon or arising out of a POLLUTION CONDITION that first commenced prior to the retroactive date stated in the Declarations, including any further dispersal, migration or movement of that POLLUTION CONDITION on or after that date. 18. Reverse Retroactive Date based upon or arising out of a POLLUTION CONDITION that first commenced subsequent to the reverse retroactive date stated in the Declarations. 19. Underground Storage Tank(s) based upon or arising out of the existence of any UNDERGROUND STORAGE TANK(s). This exclusion does not apply to UNDERGROUND STORAGE TANK(s): (a) either closed, abandoned in place or removed, in accordance with all applicable federal, state, or provincial regulations, prior to the inception date of this Policy; or (b) endorsed to this Policy in the Underground Storage Tank(s) and Associated Piping Schedule, if any; or (c) the existence of which is unknown by all RESPONSIBLE PERSONS as of the inception date of this Policy. 20. Vehicles based upon or arising out of the ownership, maintenance, use, operation, loading or unloading of any AUTOMOBILE, aircraft, watercraft, rolling stock or any other form of transportation, including any cargo carried thereby, beyond the legal boundaries of a JOB SITE where CONTRACTING SERVICES are being performed or a COVERED LOCATION(S). This exclusion does not apply to Coverage E — In -Bound and Out -Bound Contingent Transportation Coverage. SECTION V. EXTENDED REPORTING PERIOD A. Automatic Extended Reporting Period In the event of the termination of this insurance before the expiration date shown in the Declarations, the INSURED shall be entitled to a ninety (90) day Automatic Extended Reporting Period for no additional premium. The Automatic Extended Reporting Period shall apply as follows: (1) A CLAIM first made against the INSURED during the POLICY PERIOD and reported to the Company, in writing, during the ninety (90) days immediately following the effective date of such termination will be deemed to have been made on the last day of the POLICY PERIOD, provided such CLAIM is otherwise covered by this Policy. (2) A CLAIM first made against the INSURED and reported to the Company, in writing, during the ninety (90) days immediately following the effective date of such termination will be deemed to have been made on the last day of the POLICY PERIOD, provided such CLAIM arises from a POLLUTION CONDITION first discovered and reported to the Company, in writing, prior to such termination, and is otherwise covered by this Policy. (Page 7 of 12) PEL 30 01 (Ed. 04 08) The Automatic Extended Reporting Period does not apply where: (1) the Policy is terminated for fraud or non-payment of premium; or (2) the INSURED has purchased other insurance to replace the insurance provided under this Policy. For the purposes of Section V.A. — Automatic Extended Reporting Period, under this Policy: (a) either cancellation or non -renewal shall be deemed to be a termination of this insurance; and (b) in the event of non -renewal, the expiration date shown in the Declarations shall be deemed the effective date of the termination. B. Optional Extended Reporting Period The FIRST NAMED INSURED shall be entitled to purchase an Optional Extended Reporting Period upon cancellation or non -renewal of the Policy, subject to the following terms and conditions: The FIRST NAMED INSURED shall be entitled to purchase an Optional Extended Reporting Period upon payment of an additional premium of not more than 200% of the full Policy Premium. The Optional Extended Reporting Period shall be effective for three (3) consecutive three -hundred and sixty-five (365) day periods commencing immediately following the effective date of cancellation or non -renewal. The FIRST NAMED INSURED must elect to purchase this Optional Extended Reporting Period in writing within thirty (30) days from the cancellation or non -renewal of the Policy. The Automatic Extended Reporting Period of ninety (90) days will be merged into this period and is not in addition to this period. The Optional Extended Reporting Period shall only apply to CLAIMS first made against the INSURED during the Optional Extended Reporting Period, but only by reason of a POLLUTION CONDITION first discovered and reported to the Company, in writing, during the POLICY PERIOD, and is otherwise covered by this Policy. The Optional Extended Reporting Period does not apply where: (1) the Policy is terminated for fraud or non-payment of premium; or (2) the INSURED has purchased other insurance to replace the insurance provided under this Policy. For the purposes of Section V.B. — Optional Extended Reporting Period under this Policy: (a) either cancellation or non -renewal shall be deemed to be a termination of this insurance; and (b) in the event of non -renewal, the expiration date shown in the Declarations shall be deemed the effective date of the termination. It is a condition precedent to the operation of the rights granted under Section V.B. that payment of the appropriate premium shall be made not later than thirty (30) days after expiration in the case of non -renewal or prior to cancellation in the case of cancellation. For purposes of Section V., the quotation of different Limits of Liability, Self -Insured Retentions, terms or conditions by the Company shall not be construed as termination or non -renewal of this Policy. SECTION VI. LIMIT OF LIABILITY AND SELF -INSURED RETENTION A. The.Limits of Liability and Self -Insured Retention shown in the Declarations and the rules below fix the most the Company will pay regardless of the number of INSUREDS, COVERED LOCATION(S), CONTRACTING SERVICES, POLLUTION CONDITIONS, CLAIMS made, or persons or organizations making CLAIMS. B. For purposes of this Policy, the same or related POLLUTION CONDITIONS at any one JOB SITE where CONTRACTING SERVICES are performed, or at any one COVERED LOCATION, shall be deemed a single POLLUTION CONDITION. C. This Policy will pay covered LOSS, CLEAN-UP COSTS, LEGAL EXPENSE or any other coverages afforded under this Policy or any endorsements attached hereto only (1) in excess of the applicable Self -Insured Retention Amount stated (Page 8 of 12) PEL 30 01 (Ed. D4 08) in the Declarations and (2) subject to the applicable Limit of Liability stated in the Declarations and the other terms and conditions of this Policy. D. The Self -Insured Retention Amount is to be borne by the INSURED and is not to be insured unless the Company has expressed its prior consent in writing to the FIRST NAMED INSURED. If the same or related POLLUTION CONDITION results in coverage under more than one coverage section for which a limit is stated in the Declarations or under any other coverage afforded under this Policy or any endorsements attached hereto, only the single highest Self -Insured Retention amongst such applicable coverages shall apply. E. Each POLLUTION CONDITION Limit — Subject to Items F. and G. below, the most the Company will pay for the sum of all LOSS, CLEAN-UP COSTS, and LEGAL EXPENSE under each coverage section stated in the Declarations, or under any other coverages afforded under this Policy or any endorsements attached thereto, arising out of the same or related POLLUTION CONDITION is the Each POLLUTION CONDITION Limit applicable to that particular coverage. F. Coverage Section Aggregate Limit — Subject to Item G. below, the Company's total liability for the sum of all LOSS, CLEAN-UP COSTS, and LEGAL EXPENSE under each coverage section stated in the Declarations, or under any other coverages afforded under this Policy or any endorsements attached thereto, during the POLICY PERIOD or, if applicable, the EXTENDED REPORTING PERIOD, shall not exceed the Coverage Aggregate Limit of Liability applicable to that particular coverage. G. Policy Aggregate Limit - The Company's total liability for the sum of all LOSS, CLEAN-UP COSTS, LEGAL EXPENSE and any other coverages afforded under this Policy or any endorsements attached thereto, shall not exceed the Policy Aggregate Limit of Liability as stated in the Declarations. H. Any LOSS, CLEAN-UP COSTS, LEGAL EXPENSE or any other coverages afforded under this Policy or any endorsements attached hereto, incurred and reported to the Company, in writing, over more than one POLICY PERIOD, and resulting from the same or related POLLUTION CONDITION, shall be considered a single POLLUTION CONDITION. The LOSS, CLEAN-UP COSTS, LEGAL EXPENSE or any other coverages afforded under this Policy or any endorsements attached thereto will be subject to the same Limit of Liability and Self -Insured Retention Amount(s) in effect at the time the POLLUTION CONDITION was first reported to the Company, in writing, during the POLICY PERIOD or, if applicable, the EXTENDED REPORTING PERIOD. SECTION VII. REPORTING, DEFENSE, SETTLEMENT AND COOPERATION A. As a condition precedent to the coverage hereunder, in the event a CLAIM is made against the INSURED for LOSS or CLEAN-UP COSTS, or a POLLUTION CONDITION is first discovered that results in a LOSS or CLEAN-UP COSTS, written or oral notice containing particulars sufficient to identify the INSURED and also reasonably obtainable information with respect to the time, place and circumstances thereof, and the names and addresses of the injured and of available witnesses, shall be given by or for the INSURED to the Company or any of its authorized agents as soon as practicable. In the event of oral notice, the INSURED agrees to furnish a written report as soon as practicable. The INSURED shall also forward to the Company every demand, notice, summons, order or other process received by the INSURED or the INSURED's representative as soon as practicable. B. No costs, charges or expenses shall be incurred, nor payments made, obligations assumed or remediation commenced, without the Company's consent which shall not be unreasonably withheld. This provision does not apply to costs incurred by the INSURED on an emergency basis, where delay on the part of the INSURED would cause injury to persons or damage to property or increase significantly the cost of responding to a POLLUTION CONDITION. The INSURED shall notify the Company of all such expenses immediately after the emergency ends. C. The Company shall have the right to designate legal counsel for the investigation, adjustment and defense of CLAIMS. The Company shall consult with the INSURED in conjunction with the selection of counsel. The Company shall have the right and duty to defend an INSURED against any CLAIM for LOSS or for CLEAN-UP COSTS, however, the Company will have no duty to defend the INSURED for LOSS or for CLEAN-UP COSTS to which this Policy does not apply. D. Once the applicable Limit of Liability has been exhausted, the Company shall not be obligated to defend or continue to defend any CLAIM or pay for any LOSS, CLEAN-UP COSTS or other coverage afforded under this Policy. (Page 9 of 12) PEL 30 01 (Ed. 04 08) E. The Company may, where allowable by law, appoint one counsel to defend all of the INSUREDs under this Policy on a joint defense basis. F. In the event that the INSURED is entitled by law to select independent counsel (Cumis Counsel) to defend the INSURED at the Company's expense, the attorney's fees and all other litigation expenses incurred by the Company shall be limited to the same rates that the Company would pay to counsel selected by the Company to defend a similar CLAIM in the location where the CLAIM arose or is being defended. The Company may require that such counsel meet certain minimum qualifications and maintain errors and omissions insurance. The INSURED agrees that such counsel will timely respond to the Company's request for information. G. The INSURED shall not admit liability or settle any CLAIM without the Company's consent. If the Company recommends a monetary settlement of a CLAIM acceptable to a claimant: 1. for an amount within the Self -Insured Retention Amount and the INSURED refuses such settlement, the Company shall not be liable for any LOSS, CLEAN-UP COSTS, LEGAL EXPENSE, or any other coverages afforded under this Policy or any endorsements attached thereto in excess of the Self -Insured Retention Amount; or 2. for a total amount in excess of the Self -Insured Retention and within the applicable Limits of Liability and the INSURED refuses such settlement, the Company's liability for LOSS, CLEAN-UP COSTS, LEGAL EXPENSE, or any other coverages afforded under this Policy or any endorsements attached hereto, shall be limited to that portion of the sum of (a) the recommended settlement and (b) the costs, charges and expenses already incurred as of the date of the INSURED's refusal, which exceeds the Self -Insured Retention Amount and is within the Limit of Liability. H. All INSUREDs shall cooperate with the Company and upon the Company's request shall submit to examination by a representative of the Company, under oath if required, and shall attend hearings, depositions and trials and assist in effecting settlement, securing and giving evidence, obtaining the attendance of witnesses and in the conduct of suits, as well as in the investigation and/or defense, all without charge to the Company. The INSURED shall further cooperate with the Company and do whatever is necessary to secure and enforce any rights of indemnity, contribution or apportionment which the INSURED may have. SECTION VIII. 'TRANSFER OF LEGAL DEFENSE DUTIES A. If the Company believes that any of the applicable Limits of Liability stated in the Declarations has been or soon will be exhausted in defending a CLAIM, or that the Company has paid out or will soon pay out the Policy Aggregate Limit of Liability stated in the Declarations, the Company will so notify the FIRST NAMED INSURED in writing as soon as possible. The Company will advise. that its duty to defend CLAIMS seeking damages subject to those limits has terminated, subject to payment of the limits; and that it will no longer handle the defense of any CLAIM for which notice is given after the date it sends out such notice. The Company will take prompt and appropriate steps to transfer control of any existing defense prior to exhaustion of the limits to the FIRST NAMED INSURED. The FIRST NAMED INSURED agrees to reimburse the Company for any costs which the Company bears in connection with the transfer of the defense. B. The Company will take appropriate steps necessary to defend the CLAIM during the transfer of the defense and avoid any unfavorable legal action provided that the INSURED cooperates in the transfer of the duties of the defense. C. The Company's failure to comply with any of the provisions of Section VIII. shall in no way obligate the Company to defend or continue to defend any CLAIM, or to pay any LOSS, CLEAN-UP COSTS or other sum covered under this Policy, after exhaustion of an applicable Limit of Liability. SECTION IX. CONDITIONS A. ACTION AGAINST COMPANY - No action brought by an organization or entity, other than an INSURED, shall lie against the Company unless, as a condition precedent thereto, the INSURED has fully complied with all of the terms of this Policy and, the amount of the INSURED's obligation to pay shall have been finally determined either by judgment against the INSURED after actual trial or by written agreement of the INSURED, the claimant and the Company. (Page 10 of 12) PEL 30 01 (Ed. 04 08) Any person or organization or the legal representative thereof who has secured such judgment or written agreement shall thereafter be entitled to recover under this Policy to the extent of the insurance afforded by this Policy. No person or organization shall have any right under this Policy to join the Company as a party to any action against the INSURED to determine the INSURED's liability, nor shall the Company be impleaded by the INSURED or his legal representative. B. ASSIGNMENT - This Policy shall be void as to the assignee or transferee, if assigned or transferred without written consent of the Company. This Policy can be assigned automatically without the consent of the Company to any first mortgagee of a COVERED LOCATION(S). The FIRST NAMED INSURED shall notify the Company of such assignment as soon as possible. C. BANKRUPTCY - Bankruptcy or insolvency of the INSURED or of the INSURED's estate shall not relieve the Company of any of its obligations hereunder. D. CANCELLATION This Policy may be cancelled by the FIRST NAMED INSURED by surrender thereof to the Company or any of its authorized agents or by mailing to the Company written notice stating when thereafter the cancellation shall be effective. In the event of cancellation by the FIRST NAMED INSURED, the return premium shall be computed in accordance with the customary short rate table and procedure after applying the minimum earned premium percentage stated in the Declarations. If a CLAIM is made, a POLLUTION CONDITION is discovered or coverage is otherwise afforded under this Policy, then the premium shall be considered fully earned by the Company and the INSURED is not entitled to a return premium upon cancellation. This Policy may be cancelled by the Company by mailing to the FIRST NAMED INSURED at the address shown in the Declarations, written notice stating when not less than ninety (90) days [ten (10) days for non-payment of premium] thereafter such cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice. The time of surrender or the effective date and hour of cancellation stated in the notice shall become the end of the POLICY PERIOD. If the Company cancels, earned premium shall be computed pro rata. Premium adjustment may be made either at the time cancellation is affected or as soon as practicable after cancellation becomes effective, but payment or tender of unearned premium is not a condition of cancellation. This Policy may be cancelled by the Company for the following reasons: (1) Non-payment of premium, or (2) Fraud or material misrepresentation on the part of the INSURED, such as can be proven in a court of law. E. CHANGES - Notice to any agent or knowledge possessed by any agent or by any other person shall not effect a waiver or a change in any part of this Policy or estop the Company from asserting any right under the terms of this Policy; nor can the terms of this Policy be waived or changed, except by an endorsement issued by the Company to form a part of this Policy. F. CHOICE OF LAW - All matters arising hereunder, including questions related to the validity, interpretation, performance and enforcement of this Policy, shall be determined in accordance with the law and practice of the State of New York (not including New York's choice of law rules). G. CONSENT - Where the consent of the Company or the INSURED is required under this Policy, such consent shall not be unreasonably withheld, delayed, conditioned or denied. H. DECLARATIONS AND REPRESENTATIONS - By acceptance of this Policy, the INSURED agrees that the statements contained in the Declarations, the application and any other supplemental materials and information submitted in connection with the application or any amendments to the Policy during the POLICY PERIOD are the INSURED's declarations and representations, that they shall be deemed material, that this Policy is issued in reliance upon the truth of such declarations and representations and that this Policy embodies all agreements existing between the INSURED and the Company or any of its agents relating to this insurance. 1. HEADINGS - The descriptions in the headings of this Policy are solely for convenience and form no part of the Policy terms and conditions. J. INSPECTION AND AUDIT - The Company shall be permitted but not obligated to inspect and monitor on a continuing basis the INSURED's property or operations and any JOB SITE and COVERED LOCATION(S), at any time. Neither the Company's right to make inspections and monitor, nor the actual undertaking thereof, nor any report thereon, shall (Page 11 of 12) PEL 30 01 (Ed. 04 08) constitute an undertaking, on behalf, of the INSURED or others, to determine or warrant that property or operations are safe, healthful or conform to acceptable engineering practice or are in compliance with any law, rule or regulation. Access for the inspection and audit will be coordinated through the broker or agent of the FIRST NAMED INSURED. K. JURISDICTION AND VENUE - It is agreed that in the event of the failure of the Company to pay any amount claimed to be due hereunder, the Company and the INSURED will submit to the jurisdiction of the State of New York and will comply with all the requirements necessary to give such court jurisdiction. Nothing in this clause constitutes or should be understood to constitute a waiver of the Company's right to remove an action to a United States District Court. L. OTHER INSURANCE Subject to Section VI., Limit of Liability and Self -Insured Retention, this insurance shall apply only in excess of the sum of the Self -Insured Retention amount stated in the Declarations and the applicable limits of any other valid and collectible insurance available to the INSURED, whether such other insurance is stated to be primary, pro rata, contributory, excess, contingent or otherwise, unless such other insurance is written only as specific excess insurance over the applicable Limits of Liability of this Policy. M. SEVERABILITY Except with respect to the Limits of Liability, Self -Insured Retention, Exclusion 8. ("Insured vs. Insured") and any rights and duties assigned in this Policy to the FIRST NAMED INSURED, this insurance applies as if each INSURED were the only INSURED and separately to each INSURED against whom a CLAIM is made. Any misrepresentation, act or omission that is in violation of a term, duty or condition under this Policy by one INSURED shall not by itself affect coverage for another INSURED under this Policy. This Condition M. shall not apply to an INSURED who is a parent, subsidiary or affiliate of the INSURED which committed the misrepresentation, act or omission referenced above. N. SOLE AGENT -The FIRST NAMED INSURED stated in the Declarations shall act on behalf of all INSUREDS for the payment or return of premium, receipt and acceptance of any endorsement issued to form a part of this Policy, giving and receiving notice of cancellation or non -renewal, and the exercise of the rights provided under Section V. — EXTENDED REPORTING PERIOD. O. SUBROGATION — If the INSURED has rights to recover, from another person or organization, all or any part of a payment the Company makes under this Policy, those rights are transferred to the Company. The INSURED shall execute and deliver instruments and papers and do whatever else is necessary to secure such rights. The INSURED shall do nothing to prejudice such rights. Any monies recovered as a result of subrogation proceedings shall accrue first to the INSURED to the extent of any payments it made in excess of the limits of liability, then to the Company to the extent of its payment under the Policy, and then to the INSURED to the extent of its payment of the self -insured retention. Expenses incurred in such subrogation proceedings shall be apportioned amongst the INSURED and Company in the proportion that each interested party's share in the recovery bears to the total recovery. (Page 12 of 12) GREATAAIEJICA,r�r Administrative Offices 580 Walnut Street INSURANCE GROUP Cincinnati, Ohio 45202 Tel: 1-513-369-5000 WIT 00 02 (Ed. 04 08) IN WITNESS WHEREOF, we have caused this policy to be executed and attested, and, if required by state law, this policy shall not be valid unless countersigned by our authorized representative. Secretary (Page 1 of 1) President Administrative Offices GREAT A pp��//�� �, SLN 90 00 (Ed. 04 08) R {. A �. 560 Walnut Street Cincinnati, Oh 45202 INSURANCE GROUP Tel: 1-513-369-5000 Policy No: PEL 8629840 00 FORMS AND ENDORSEMENTS SCHEDULE It is hereby understood and agreed the following forms and endorsements are attached to and are a part of this policy: Form and Edition Form Description PEL 30 00 04/08 PREMISES ENVIRONMENTAL LIABILITY INSURANCE DECLARATIONS PEL 30 01 04/08 PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY PEL 34 18 04/08 EXCLUSION OF TERRORISM COVERAGE PEL MANUS 03/09 UNDERGROUND STORAGE TANK SELF -INSURED RETENTION ENDORSEMENT PEL 31 30 04/08 UNDERGROUND STORAGE TANK SCHEDULE (Page 1 of 1) i��ATq��.,p�/��7�� GREAT Administrative Offices 580 Walnut Street INSURANCE GROUP Cincinnati, Oh 45202 Tel: 1-513-368-5000 ENDORSEMENT #1 This endorsement, effective 12.01 a.m., 3/23/2009, forms a part of Policy No. PEL 8629840 00 issued to CITY OF VERNON By GREAT AMERICAN E & S INSURANCE COMPANY PEL 34 18 (Ed. 04 08) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. TERRORISM COVERAGE ENDORSEMENT Pursuant to the requirements of the federal Terrorism Risk Insurance Act the INSURED has been provided notice that the INSURED may elect to purchase coverage for loss covered under this Policy arising directly or indirectly as a result of CERTIFIED ACT(s) OF TERRORISM and the premium charge for such coverage. After receiving such notice, the INSURED has elected to purchase this Policy with coverage for such CERTIFIED ACT(s) OF TERRORISM. Therefore, in consideration of the premium paid, the INSURED and the Company agree to the following Policy changes; SECTION IV. EXCLUSIONS, Hostile Acts is deleted and replaced with the following: Hostile Acts based upon or arising out of any consequence, whether direct or indirect, of declared or undeclared war, invasion, act of foreign enemy, hostilities, and whether war be declared or not, civil war, rebellion, revolution, insurrection, or military or usurped power, or in defending against any one or more of those. This exclusion does not apply to CERTIFIED ACT(s) OF TERRORISM subject to the CAP ON CERTIFIED TERRORISM LOSSES. SECTION II. DEFINITIONS is amended by the addition of the following: CERTIFIED ACT(s) OF TERRORISM means an act that is certified by the Secretary of the Treasury, in concurrence with the Secretary of State and the Attorney General of the United States, to be an act of terrorism as defined in Section 102(1) of the Terrorism Risk Insurance Act. CAP ON CERTIFIED TERRORISM LOSSES, as established in the Terrorism Risk Insurance Act, means if the aggregate insured losses attributable to CERTIFIED ACT(s) OF TERRORISM exceed $100 billion in a Program Year (defined as January 1 through December 31) and we have met our insurer deductible under the federal Terrorism Risk Insurance Act, the Company shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. All other terms and conditions remain the same. (Page 1 of 1) �] ��.,nT/�� G �Tl]lY1C[�.l{.,A Administrative Offices �T 560Walnut Street INSURANCE GROUP . Cincinnati, Oh 45202 Tel: 1-513-369-5000 ENDORSEMENT #2 This endorsement, effective 12.01 a.m., 3/23/2009, forms apart of Policy No. PEL 8629840 00 issued to CITY OF VERNON By GREAT AMERICAN E & S INSURANCE COMPANY PEL MANUS (Ed. 03 09) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. UNDERGROUND STORAGE TANK SELF -INSURED RETENTION ENDORSEMENT This endorsement modifies insurance provided under the following: PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY The INSURED and the Company agree to the following Policy change(s): Item 3. of the Declarations, Coverages and Coverage Section Limits of Liability and Self -Insured Retention is amended by the addition of the following: Notwithstanding the forgoing, a Self -Insured Retention of $50,000 will apply to LOSS, CLEAN-UP COSTS, and LEGAL EXPENSE because of a POLLUTION CONDITION arising from or related to any UNDERGROUND STORAGE TANK scheduled onto this Policy. All other terms and conditions remain the same. (Page 1 of 1) /f '��nn�� MAT PEL 31 30 (Ed. 04 08) GMAT Ad Waltrat SlrO Offices �- "- "` Cincinnati, Oh 45202 INSURANCE GROUP Tel: 1-513-369-5000 ENDORSEMENT #3 This endorsement, effective 12:01 a.m., 3/23/2009, forms a part of Policy No. PEL 8629840 00 issued to CITY OF VERNON By GREAT AMERICAN E & S INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. UNDERGROUND STORAGE TANK SCHEDULE This endorsement modifies insurance provided under the following: PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY The INSURED and the Company agree to the following Policy change(s): Section I., INSURING AGREEMENTS, A. Coverage A — POLLUTION LEGAL LIABILITY and B. Coverage B — ON -SITE AND OFF -SITE CLEAN-UP COSTS apply to the UNDERGROUND STORAGE TANK(s) listed below: COVERED LOCATION UNDERGROUND STORAGE TANK CAPACITY UNDERGROUND STORAGE TANK CONTENTS 4305 Santa Fe Avenue, Vernon, CA 90058 10,000 Diesel 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline All other terms and conditions remain the same. (Page 1 of 1) March 30, 2010 Arthur J. Gallagher & Co. Insurance Brokers of California, Inc. ATTN: Nasreen Kopecky, Account Manager 15 Enterprise, Suite 200 Aliso Viejo, CA 92656 Re: Pollution Legal Liability Insurance Policy with Great American Insurance Group Dear Ms. Kopecky: Transmitted herewith is a copy of Resolution No. 2010-45 that was approved by City Council on March 29, 2010. If you have any questions regarding this matter, please call Mr. Willard Yamaguchi at (323) 583- 8811 ext. 175. Very t ly yours, WILLARD G. Y U City Clerk WY:dj c: Willard Yamaguchi Ana Barcia Resolution No. 2010-45 clusly Industrial STAFF REPORT Risk Management DATE: March 24, 2010 ���o RECEIVE® TO: Honorable Mayor and City Council MAR 2 5 2010 FROM: Willard G. Yamaguchi, Risk Manager C� CITY CLERK'S OFFICE RE Pollution Legal Liability Renewal for 2010-11 For the non-exclusive franchise trash haulers, the City has a pollution liability policy for coverage of disposal sites in the event that a condition arises at a site or during transit. For 2009- 10, the underwriter is Great American Insurance. The cost of the premium is $18,508.. The policy would have expired on March 23, 2010, but after discussions with Great American over some issues of concern, the Risk Manager obtained a binder from Great American. For 2010-11, Risk Management obtained quotes from Great American Insurance, Chubb Custom Insurance Company, and Markel Insurance Company.. The premium for the policy renewal with Great American increased to $18,662, exclusive of surplus lines taxes and fees. This is approximately 1.0% more than last year. Markel Insurance Company provided a non-competitive bid at $36,000. Chubb provided a bid at $16,824. However, Great American has agreed to provide coverage to known and unknown sites where waste is transported. We believe that feature alone makes Great American the most attractive of the choices presented. Fiscal Impact The fiscal impact is $18,662, exclusive of surplus lines taxes and fees. Recommendation Risk Management recommends that the City Council approve the proposal from Great American Insurance Company for pollution liability for landfill and transit cleanup in the amount of $18,662, exclusive of surplus lines taxes and fees. WGY/ab cc: Donal O'Callaghan I V �1 MAR 2 5 2010 Inter Office Memorandum Risk Management DATE: March 24, 2010 � �\Z TO: Donal O'Callaghan, City Administrator FROM: Willard G. Yamaguchi, Risk Manager V14D RE: Pollution Legal Liability Renewal for 2010-11 For the non-exclusive franchise trash haulers, the City has a pollution liability policy for coverage of disposal sites in the event that a condition arises at a site or during transit. For 2009- 10, the underwriter is Great American Insurance. The cost of the premium is $18,508. The policy would have expired on March 23, 2010, but after discussions with Great American over some issues of concern, the Risk Manager obtained a binder from Great American. For 2010-11, Risk Management obtained quotes from Great American Insurance, Chubb Custom Insurance Company, and Markel Insurance Company. The premium for the policy renewal with Great American increased to $18,662, exclusive of surplus lines taxes and fees. This is approximately 1.0% more than last year. Markel Insurance Company provided a non-competitive bid at $36,000. Chubb provided a bid at $16,824. However, Great American has agreed to provide coverage to known and unknown sites where waste is transported. We believe that feature alone makes Great American the most attractive of the choices presented. Fiscal Impact The fiscal impact is $18,662, exclusive of surplus lines taxes and fees. Recommendation Risk Management recommends that the City Council approve the proposal from Great American Insurance Company for pollution liability for landfill and transit cleanup in the amount of $18,662, exclusive of surplus lines taxes and fees. WGY/ab PEAR 2 5 2010 CITY OF VERNON March 9, 2010 Mr. Willard G. Yamaguchi City of Vernon 4305 Santa Fe Avenue Vernon, CA, 90058 Re: Renewal Policy: Pollution Legal Liability Insurance Renewal Effective: March 23, 2610 to March 23, 2011 Dear Willard: Your Pollution Legal Liability policy will be renewing shortly. Attached is our quotation for coverage. We would like to outline the following notable points for your consideration: • The insurance carrier is Great American E & S Insurance Company • The renewal premium is $18,662 and is subject to a 25% minimum earned premium • In order to bind coverage we need the following: ➢ Signed forms: Authorization to Bind, D-1 Form, • The A.M. Best is A IV. Our A.M. Best's Rating Summary is attached for your review. "If the above coverage is placed with a Non -Admitted carrier, the carrier is doing business in the state as a surplus lines or non -admitted carrier. As such, this carrier is not subject to the same regulations which apply to an admitted carrier nor do they participate in any insurance guarantee fund applicable in that state." • Any entity not named in this proposal may not be an insured entity. This may not include partnerships and joint ventures. • The policy will not be auditable. The premium is based upon number of tanks. • Defense costs are limited and included within the policy limits. • See Policy form Section "Exclusions" which are coverages NOT included in your program • Policy provides coverage for non -owned property Landfill/Transportations ONLY We are not aware of any changes in your exposures to loss, nor are we aware of any changes in your business operations that would necessitate additional coverage options. Please notify us immediately if you are planning any new business operations: IMPORTANT: The quotation (s) attached constitute certain of the terms and conditions of the insurance proposed by the insurer(s), based on the information provided by your company. It does not include all the terms, coverages, exclusions, limitations, conditions of the actual policy contract language. The insurance policy(ies) themselves must be read for those details. Policy forms for your reference will be made available upon request. We appreciate your business and look forward to working with you in the coming year. Please contact me if you have any questions. Sincerely Nasreen Kopecky Pvblic Entity and Scholastic 13ivision 1 CITY OF VERNON PROPOSED CARRIER RATINGS AND ADMITTED STATUS ADMITTED j PROPOSED CARRIERS A. M. BEST'S RATING -NON-ADMITTED Great American E&S A IV Non -Admitted Insurance Company Chubb Custom Insurance A++ XV Non -Admitted If the above indicates coverage is placed with a Non Admitted Carrier, the carrier is doing business in the state as a surplus Imes or non -admitted carrier. As such, this carrier is not subject to the same regulations which apply to an admitted carrier nor do they participate in any insurance guarantee fund applicable in that state. Guide to Best Ratings Rating Levels and Categories Level Category Level Category Level Category A++, A+ Superior B, B- ...................... Fair D...................................... Poor A, A- .......Excellent C++, C+...... Marginal EUnder Regulatory Supervision B++, B+Very Good C, C- ................... Weak F...................... In Liquidation S ............... Rating Suspended Financial Size Categories (In $000 of Reported Policyholders' Surplus Plus Conditional Reserve Funds) FSC I Up to 1,000 FSC IX 250,000 to 500,000 FSC II 1,000 to 2,000 FSC X 500,000 to 750,000 FSC III 2,000 to 5,000 FSC XI 750,000 to 1,000,000 FSC IV 5,000 to 10,000 FSC XII 1,000,000 to 1,250,000 FSC V 10,000 to 25,000 FSC XIII 1,250,000 to 1,500,000 FSC VI 25,000 to 50,000 FSC XIV 1,500,000 to 2,000,000 FSC VII 50,000 to 100,000 FSC XV 2,000,000 or more FSC VIII 100,000 to 250,000 Best's Insurance Reports, published annually by A.M. Best Company, Inc., presents comprehensive reports on the financial position, history, and transactions of insurance companies operating in the United States and Canada. Companies licensed to do business in the United States are assigned a Best's Rating which attempts to measure the comparative position of the company or association against industry averages. Copies of the Best's Insurance Reports on the insurance companies are available upon your request. Gallagher companies use A.M. Best & Co.'s rating services to evaluate the financial condition of insurers whose policies we propose to deliver. The rating of the carrier and the year of publication of that rating are indicated. Gallagher companies make no representations and warranties concerning the solvency of any carrier, not does it make any representation or warranty concerning the rating of the carrier which may change. Nblic i redly and Sctuokwdr- Division 2 CITY OF VERNON IMPORTANT DISCLOSURES The proposal is an outline of certain of the terms and conditions of the insurance proposed by the insurers, based on the information provided by your company. It does not include all the terms, coverages, exclusions, limitations, conditions of the actual policy contract language. The insurance policies themselves must be read for those details. Policy forms for your reference will be made available upon request. We will not be operating in a fiduciary capacity, but only as your broker, obtaining a variety of coverage terms and conditions to protect the risks of your enterprise. We will seek to bind those coverages based upon your authorization; however, we can make no warranties in respect to policy limits or coverage considerations of the carrier. Actual coverage is determined by policy language, so read all policies carefully. Contact us with questions on these or any other issues of concern. Terrorism Act Disclaimer: The current TRIA/TRIPRA program may not cover all terrorism losses.. While the most recent legislation eliminated the distinction between foreign and domestic acts of terrorism, a number of lines of coverage excluded under the TRIER legislation passed in 2005 remain excluded, including commercial automobile, burglary and theft insurance, surety insurance, farm owners multiple perils and professional liability (although directors and officers liability is specifically included). If such excluded coverages are required, we recommend that you consider purchasing a separate terrorism policy. Please note that a separate terrorism policy for these excluded coverages may be necessary to satisfy loan covenants or other contractual obligations. The information contained in this proposal is based on the historical loss experience and exposures provided to Arthur J. Gallagher & Co. Insurance Brokers of California, Inc. This proposal is not an actuarial study. Should you wish to have this proposal reviewed by an independent actuary, we will be pleased to provide you with a listing of actuaries for your use. ftblic En ity,Md Sclura mdr. t]ivisicu� �:_s�-� CITY OF VERNON COMPENSATION DISCLOSURE One of the core values highlighted in The Gallagher Way states, "We are an Open Society," and our open society extends to the compensation Gallagher receives. For more information on Gallagher's compensation arrangements, please visit http://www.ajg.com/compdisclosure. In general, Gallagher may be compensated as follows: Gallagher Companies are primarily compensated from the usual and customary commissions or fees received from the brokerage and servicing of insurance policies, annuity contracts, guarantee contracts and surety bonds (collectively "insurance coverages") handled for a client's account, which such commissions and fees may vary from company to company and insurance coverage to insurance coverage. As permitted by law, Gallagher companies occasionally receive both commissions and -- fees. In placing, renewing, consulting on or servicing your insurance coverages, Gallagher Companies may participate in contingent commission arrangements with insurance companies that provide for additional contingent compensation if underwriting, profitability, volume or retention goals are achieved. Such goals are typically based on the total amount of certain insurance coverages placed by Gallagher with the insurance company, not on an individual policy basis. As a result, Gallagher may be considered to have an incentive to place your insurance coverages with a particular insurance company. 2. Gallagher Companies may also receive investment income on fiduciary funds temporarily held by them, such as premiums or return premiums. Gallagher Companies may access other facilities, including wholesalers, reinsurance intermediaries, captive managers, underwriting managers and others that act as intermediaries for both Gallagher and other brokers in the insurance marketplace. Gallagher Companies may own some of these facilities, in whole or in part. If such a facility was utilized in the placement of a client's account, the facility may have earned and retained customary brokerage commission or fees for its work. 4. Gallagher assists its customers in procuring premium finance quotes and unless prohibited by law may earn compensation for this value added service. If you have specific questions about the compensation received by Gallagher and its affiliates in relation to your insurance placements, please contact your Gallagher representative for more details. In the event you wish to register a formal complaint regarding compensation Gallagher receives from insurers or third parties, please send an e-mail to Compensation_Complaints@ajg.com or send a letter to: AVC Compliance Officer Arthur J. Gallagher & Co. Two Pierce Place, 20`h Floor Itasca, IL 60143 PFkblyc End fy and Scholastic Division 4 CITY OF VERNON CONTINGENT AND SUPPLEMENTAL COMMISSION DISCLOSURE Effective October 1, 2009, Arthur J. Gallagher & Co., and its subsidiaries operating as insurance brokers under the corporate holding company known as Arthur J. Gallagher Brokerage & Risk Management Services, LLC, resumed participating in "Contingent Income Agreements" which are routinely offered by insurance companies to brokers, after voluntarily foregoing the benefit of this type of compensation since January 1, 2005. In placing, renewing, consulting on or servicing your insurance coverages, Gallagher companies may participate in contingent commission arrangements with insurance companies that provide for additional contingent compensation if certain underwriting, profitability, volume or retention goals are achieved: Such goals are typically based on the total amount of certain insurance coverages placed by Gallagher with the insurance company, not on an individual policy basis. As a result, Gallagher may be considered to have an incentive to place your insurance coverages with a particular insurance company. During the time Gallagher's retail operations did not accept contingent commissions, some insurance markets, including Gallagher owned intermediaries, modified their commission schedule with Gallagher, resulting in an increase in some commission rates. The additional commissions, commonly referred to as "supplemental commissions", are known at the effective date of the policy, but some insurance companies are paying the commission increase apart and later from when the commission is normally paid at policy issuance. Unlike contingent commissions, supplemental commission payments are determined without regard to any performance factors which are contingent on future growth, retention, profitability, etc. The following markets including Gallagher owned entities, and their affiliated companies may pay Gallagher supplemental commission: • Chubb Companies • CNA Companies • CRC Insurance Services • Crum & Forster Companies • Fireman's Fund Companies • Hartford Companies • Hartford Steam Boiler • Liberty Mutual Companies • Munich Re America • Navigators Group • Travelers Companies • Westfield Companies • Zenith Companies • Zurich North America Companies • Arthur J. Gallagher (UK)/Risk Placement Services (RPS) The contingent and supplemental commission ranges from less than 1% up to 10% of written or earned premium on eligible lines of business, not all lines of business qualify, and supplemental coniinission is not paid on policies written net of commission (zero commission). NOTE: Upon request, your Gallagher representative can provide more specific information as it relates to this proposal. Public En ity and Scholastic Division CITY OF VERNON IMPORTANT NOTICE REGARDING CLAIMS SERVICE Each and every policy that we have placed for you contains specific instructions on how, when, and where to report claims to the insurer. If you would like our western region claims service team to assist you with reporting claims, however, please note the following important contact information: Email contact: WR-Claims@ajg.com Toll free numbers for assistance: Phone: 866-971-9462 Fax: 866-971-9464 Address for mailing: Arthur J. Gallagher & Co. Insurance Brokers of California, Inc. 45 E. River Park Place West, Suite 408 Fresno, CA 93720 Please note that nothing in this notice amends any notice provisions contained in any of your insurance policies. In the event you do need assistance with reporting a claim, please feel free to contact the service team at the telephone numbers above. Public Enaty and Sct oWdc Division 0 CITY OF VERNON CLIENT AUTHORIZATION TO BIND COVERAGE After careful consideration of Your proposal dated March 9, 2010, we accept your insurance program subject to the following exceptions/changes: POLICY OPTIONS: }D- TIC JY2Y d sS Select Coverage Options To Bind: Pollution Legal Liability (Landfills/Transportations) Select Optional Terrorism (TRIA) Coverage to Bind I Reject All Recommended Coverage Considerations, Except I Would Like a Quote For: It is understood this proposal provides only a summary of the details; the policies will contain the actual coverages. We confirm the values, schedules, and other data contained in the proposal are from our records and acknowledge it is our responsibility to see that they are maintained accurately. Client Signature Dated P'arbllc Ewity and Schaludc Division 7 cu 4-4 Cd C m ! .s' err --`� `��� _____..__.. �--�-- i .� •� N � O C � ( I olu O 1 I u O C O aJ z`+i4'ia h-1 U O o cd G t—f4 b 7 O u N O a t O r C 4-4 W7x o C u0J 4-4 r u bA C C N aO 04 Cd }+ ( Cd 4-4N ! C +3 0 �+ a�J 7 cd En t o . a 4, 7 f�jjll � •'� [j � ii•-il Ol p 0 U p C O .a `ii�''I .ra' /-fir•.. t ,� Ot Y ! O U O j •�y Q N �^�J N N �1 V .- z C u .0 +� y w bA V. cd � x Ors t- _ .; Q" m 1-4 U" p •s�- V 00 d O w C 'd A y N O u O c�d y u G\ 1 O r�'i� N +N•i".i U .L �TJ'' U 'H H �3 p C run b C (d A, ¢, C � 4-4 w W` F r O i O , jOy" + v cd '�c C ^y j I O a) O a- U O cu m O - t r ' ' , ••r �` G { U i sa y A. w 0 +.j w 'ran �❑❑ cd p N O 144 4 y C p o. w o y CII 7b cld N b O �' 2 . a �a V v WJ ,.0 O CO Cp a • y .SU'a' P'y cd cd U O '� O C A.+ s u by ai ��4I-�4 it Ccd +CJ•� .rn•� '�chhd . ,C',- Fr I U V 1] -0 { °� U TJ y C V OV r C C ti i o .�i k s�•� �N+ rn a�-i N w� CIS U = w 1 V O a.) O N- O a� p y 0 A. as j cna Q.) N M CITY OF VERNON NOTICE: 1. THE INSURANCE POLICY THAT YOU ARE APPLYING TO PURCHASE IS BEING ISSUED BY AN INSURER THAT IS NOT LICENSED BY THE STATE OF CALIFORNIA. THESE COMPANIES ARE CALLED "NONADMITTED" OR "SURPLUS LINE" INSURERS. 2. THE INSURER IS NOT SUBJECT TO THE FINANCIAL SOLVENCY REGULATION AND ENFORCEMENT THAT APPLY TO CALIFORNIA LICENSED INSURERS. 3. THE INSURER DOES NOT PARTICIPATE IN ANY OF THE INSURANCE GUARANTEE FUNDS CREATED BY CALIFORNIA LAW. THEREFORE, THESE FUNDS WILL NOT PAY YOUR CLAIMS OR PROTECT YOUR ASSETS IF THE INSURER BECOMES INSOLVENT AND IS UNABLE TO MAKE PAYMENTS AS PROMISED. 4. CALIFORNIA MAINTAINS A LIST OF ELIGIBLE SURPLUS LINE INSURERS APPROVED BY THE INSURANCE COMMISSIONER. ASK YOUR AGENT OR BROKER IF THE INSURER IS ON THAT LIST, OR VIEW THAT LIST AT THE INTERNET WEB SITE OF THE CALIFORNIA DEPARTMENT OF INSURANCE: www.insurance.ca.gov. 5. FOR ADDITIONAL INFORMATION ABOUT THE INSURER YOU SHOULD ASK QUESTIONS OF YOUR INSURANCE AGENT, BROKER, OR "SURPLUS LINE" BROKER OR CONTACT THE CALIFORNIA DEPARTMENT OF INSURANCE, AT THE . FOLLOWING TOLL -FREE TELEPHONE NUMBER:1-800-927-4357. 6. IF YOU, AS THE APPLICANT, REQUIRED THAT THE INSURANCE POLICY YOU HAVE PURCHASED BE BOUND IMMEDIATELY, EITHER BECAUSE EXISTING COVERAGE WAS GOING TO LAPSE WITHIN TWO BUSINESS DAYS OR BECAUSE YOU WERE REQUIRED TO HAVE COVERAGE WITHIN TWO BUSINESS DAYS, AND YOU DID NOT RECEIVE THIS DISCLOSURE FORM AND A REQUEST FOR YOUR SIGNATURE UNTIL AFTER COVERAGE BECAME EFFECTIVE, YOU HAVE THE RIGHT TO CANCEL THIS POLICY WITHIN FIVE DAYS OF RECEIVING THIS DISCLOSURE. IF YOU CANCEL COVERAGE, THE PREMIUM WILL BE PRORATED AND ANY BROKER'S FEE CHARGED FOR THIS INSURANCE WILL BE RETURNED TO YOU." Date• _ Insured: Pablic Enity and Scholastic Division 0 CITY OF VERNON POLLUTION LEGAL LIABILITY- OPTION 1 March 23, 2010 to March 23, 2011 Great American E&S Insurance Co Pollution Legal Liability $1,000,000/Aggregate On -Site and Off -Site $1,000,000/Aggregate Clean Up Costs Contracting Services $0 Pollution Liability Non -Owned Disposal $5,000,000/Aggregate Sites In -Bound and Out- $5,000,000/Aggregate Bound Contingent Transportation $5,000,000 $25,000 4305 Santa Fe Avenue, Vernon, CA 90058 Claims -Made & Reported Form None Claim means a demand, notice or assertion of a legal right alleging liability or responsibility on the part of the Insured, arising out of a Pollution Condition, and shall include but not be limited to lawsuits, orders, petitions or governmental or regulatory actions, filed against the Insured Public Entiiy avid 5dw1wtic Division • Pollution Legal Liability • On -Site and Off -Site Clean Up Costs • Contracting Services Pollution Liability • Non -Owned Disposal Site • In -Bound and Out -Bound Contingent Transportation Coverage 10 CITY OF VERNON POLLUTION LEGAL LIABILITY — OPTION 1 Y CQ a axiu sF. I� d Li e • Asbestos Contractual Liability _ • Criminal Fines, Penalties and Assessments • Prior Incidents Exclusion • Terrorism unlesspurchased) vex Excluded �Iui_emi 25% Minimum Earned u vibe`s • 5 years currently valued Pollution loss runs. yy • Completed Surplus Lines Tax letter (broker responsibility). ' • Copies of your last two (2) years of financial statements and/or { _ 10K reports. s _ Polo • Signed/dated Terrorism Disclosure Notice. ME • Written confirmation of no additional notices violations or -ram potential claims which would be related to environmental insurance g �� _ M����_ coverage. ex $19,268 (includes all Surplus Liens Taxes and Fees) o1� $187 E - 200% of the Full Policy Premium I s rid 4� cis Yes S h Sul of 9 s Covered Location Underground Storage Tank Underground Storage Tank Capacity Contents 4305 Santa Fe Avenue, Vernon, CA 90058 10,000 Diesel 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline Pk bUr Ewify and Scholastic Msion CITY OF VERNON POLLUTION LEGAL LIABILITY - OPTION 1 As a condition precedent to the coverage hereunder, in the event a CLAIM is made against the INSURED for LOSS or CLEAN-UP COSTS, or a POLLUTION CONDITION is first discovered that results in a LOSS or CLEAN-UP COSTS, written or oral notice containing particulars sufficient to identify the INSURED and also reasonably obtainable information with respect to the time, place and circumstances thereof, and the names and addresses of the injured and of available witnesses, shall be given by or for the INSURED to the Company or any of its authorized agents as soon as practicable. In the event of oral notice, the INSURED agrees to furnish a written report as soon as practicable. The INSURED shall also forward to the Company every demand, notice, summons, order or other process received by the INSURED or the INSURED's representative as soon as practicable. In the event of the termination of this insurance before the expiration date shown in the Declarations, the INSURED shall be entitled to a ninety (90) day Automatic Extended Reporting Period for no additional premium. The Automatic Extended Reporting Period shall apply as follows: (1) A CLAIM first made against the INSURED during the POLICY PERIOD and reported to the Company, in writing, during the ninety (90) days immediately following the effective date of such termination will be deemed to have been made on the last day of the POLICY PERIOD, provided such CLAIM is otherwise covered by this Policy. (2) A CLAIM first made against the INSURED and reported to the Company, in writing, during the ninety (90) days immediately following the effective date of such termination will be deemed to have been made on the last day of the POLICY PERIOD, provided such CLAIM arises from a POLLUTION CONDITION first discovered and reported to the Company, in writing, prior to such termination, and is otherwise covered by this Policy. The Automatic Extended Reporting Period does not apply where: (1) the Policy is terminated for fraud or non-payment of premium; or (2) the INSURED has purchased other insurance to replace the insurance provided under this Policy. For the purposes of Section V.A. — Automatic Extended Reporting Period, under this Policy: (a) either cancellation or non -renewal shall be deemed to be a termination of this insurance; and (b) in the event of non -renewal, the expiration date shown in the Declarations shallbe deemed the effective date of the termination. Wblk Endfy 4wd Seholasfit Dirinsion 12 CITY OF VERNON POLLUTION LEGAL LIABILITY - OPTION 1 The Optional Extended Reporting Period shall be effective for three (3) consecutive three -hundred and sixty-five (365) day periods commencing immediately following the effective date of cancellation or non -renewal. The FIRST NAMED INSURED must elect to purchase this Optional Extended Reporting Period in writing within thirty (30) days from the cancellation or non -renewal of the Policy. The Automatic Extended Reporting Period of ninety (90) days will be merged into this period and. is not in addition to this period. The Optional Extended Reporting Period shall only apply to CLAIMS first made against the INSURED during the Optional Extended Reporting Period, but only by reason of a POLLUTION CONDITION first discovered and reported to the Company, in writing, during the POLICY PERIOD, and is otherwise covered by this Policy. The Optional Extended Reporting Period does not apply where: (1) the Policy is terminated for fraud or non-payment of premium; or (2) the INSURED has purchased other insurance to replace the insurance provided under this Policy. For the purposes of Section V.B. — Optional Extended Reporting Period under this Policy: (a) either cancellation or non -renewal shall be deemed to be a termination of this insurance; and (b) in the event of non -renewal, the expiration date shown in the Declarations shall be deemed the effective date of the termination. It is a condition precedent to the operation of the rights granted under Section V.B. that payment of the appropriate premium shall be made not later than thirty (30) days after expiration in the case of non -renewal or prior to cancellation in the case of cancellation. ftbllc Endfy and Sctwlastic Division 13 CITY OF VERNON POLLUTION LEGAL LIABILITY - OPTION 2 March 23, 2010 to March 23, 2011 Chubb Custom Insurance Co Bodily Injury, Property Damage, Remediation Costs, New Pollution Incident Bodily Injury, Property Damage, Remediadon Costs, Pre -Existing Pollution Incident Bodily Injury, Property Damage, Remediation Costs, Non Owned Locations Business Interruption $5,000,000 $25,000 $ 5,000,000 /Aggregate Not Included $5,000,000/Aggregate Not Included 4305 Santa Fe Avenue, Vernon, CA 90058 Claims -Made & Reported Form None Claim means a written demand or notice received by the Insured asserting liability or responsibility on the part of the Insured for loss. Claim does not include a potential claim that was reported under a prior policy as described in Section II, Paragraph 2 of the policy form, but which has become a claim during the policy period Public Endty and SdKdwdE Division • Pollution Legal Liability including Bodily Injury, Property Damage and Remediation Costs • Pollution Legal Liability including Bodily Injury, Property Damage and Remediation Costs — Non Owned Locations 14 CITY OF VERNON POLLUTION LEGAL LIABILITY — OPTION 2 • Business Interruption • Material Change in Use • Mold • Identified Pollution Incidents Exclusion • Terrorism (unless purchased) Excluded 100% Minimum Earned • Receipt and satisfactory review of an original, signed Chubb ESL application and TRIA agreement (should the insured decline terrorism coverage) • Receipt and satisfactory review of environmental loss runs for the past three years • Receipt and satisfactory review of UST monitoring data • An engineering survey must be performed • Receipt of the insured's response to the recommendations of the engineering survey requested by CES within sixty (60) days of receipt of such recommendations. $17,371 (includes all Surplus Liens Taxes and Fees) $181 200% of the Full Policy Premium Yes Covered Location Underground Storage Tank Underground Storage Tank Capacity Contents 4305 Santa Fe Avenue, Vernon, CA 90058 10,000 Diesel 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline Nblic Entity and Scholastic Division 15 CITY OF VERNON POLLUTION LEGAL LIABILITY - OPTION 2 A. You must report a claim or discovery of a pollution incident to us as soon as possible and in any event during the policy period, or extended reporting period, if applicable. To the extent possible such notice should include: (1) how, when, and where the pollution incident took place; (2) the names and addresses of any injured persons and witnesses; (3) the nature and location of any injury or damage arising out of the pollution incident; and (4) the date you received the claim. B. You and any other involved insured must: (1) immediately send us copies of any demands, notices, summonses or any other process or legal papers received in connection with a claim; and (2) authorize us to obtain records and other information The named insured shall be entitled to a basic extended reporting period, and may purchase a supplemental extended reporting period, following Termination of Coverage as described below. A claim first made and reported to us within the basic extended reporting period or supplemental .extended reporting period, whichever is applicable, will be deemed to have been made on the last day of the policy period. Neither the basic nor the supplemental extended reporting period shall reinstate or increase any of the Limits Of Insurance of this policy. Provided the named insured has not purchased any other insurance to replace this insurance, the named insured shall have a sixty (60) day basic extended reporting period. The named insured shall be entitled to purchase a supplemental extended reporting period of up to forty-eight (48) months for not more than 200% of the full policy premium stated in Item 9 of the Declarations. Such supplemental extended reporting period starts when the basic extended reporting period ends. We will issue an endorsement providing a supplemental extended reporting period provided that the named insured: A. makes a written request for such endorsement which we receive within thirty (30) days after Termination of Coverage; and B. pays the additional premium when due. If that additional premium is paid when due, the supplemental extended reporting period may not be cancelled, provided that all other terms and conditions of the policy are met. Pmblic Ewify and SdVAastic Division 16 CASN-D2 (Ed. 01 08) XS GREAT � � r „ c.w ,!`]jyj �j Administrative Offices 560 Walnut Street INGURANCE GROUP Cincinnati, Oh 45202 Tel: 1-513-369.5000 - SURPLUS LINES NOTIFICATION 1. THE INSURANCE POLICY THAT YOU HAVE PURCHASED IS BEING ISSUED BY AN INSURER THAT IS NOT LICENSED BY THE STATE OF CALIFORNIA. THESE COMPANIES ARE CALLED "NONADMITTED" OR "SURPLUS LINE" INSURERS. 2. THE INSURER IS NOT SUBJECT TO THE FINANCIAL SOLVENCY REGULATION AND ENFORCEMENT WHICH APPLIES TO CALIFORNIA LICENSED INSURERS. 3. THE INSURER DOES NOT PARTICIPATE IN ANY OF THE INSURANCE GUARANTEE FUNDS CREATED BY CALIFORNIA LAW. THEREFORE, THESE FUNDS WILL NOT PAY YOUR CLAIMS OR PROTECT YOUR ASSETS IF THE INSURER BECOMES INSOLVENT AND IS UNABLE TO MAKE PAYMENTS AS PROMISED. 4. CALIFORNIA MAINTAINS A LIST OF ELIGIBLE SURPLUS LINE INSURERS APPROVED BY THE INSURANCE COMMISSIONER. ASK YOUR AGENT OR BROKER IF THE INSURER IS ON THAT LIST, OR VIEW THAT LIST AT THE WEB SITE OF THE CALIFORNIA DEPARTMENT OF INSURANCE: WWW. INS URANCE.CA.GOV. 5. FOR ADDITIONAL INFORMATION ABOUT THE INSURER YOU SHOULD ASK QUESTIONS OF YOUR INSURANCE AGENT, BROKER, OR "SURPLUS LINE" BROKER OR CONTACT THE CALIFORNIA DEPARTMENT OF INSURANCE, AT THE FOLLOWING TOLL -FREE TELEPHONE NUMBER: 1-800-927-4357. 6. IF YOU, AS THE APPLICANT, REQUIRED THAT THE INSURANCE POLICY YOU HAVE PURCHASED BE BOUND IMMEDIATELY, EITHER BECAUSE EXISTING COVERAGE WAS GOING TO LAPSE WITHIN TWO BUSINESS DAYS OR BECAUSE YOU WERE REQUIRED TO HAVE COVERAGE WITHIN TWO BUSINESS DAYS, AND YOU DID NOT RECEIVE THIS DISCLOSURE FORM AND A REQUEST FOR YOUR SIGNATURE UNTIL AFTER COVERAGE BECAME EFFECTIVE, YOU HAVE THE RIGHT TO CANCEL THIS POLICY WITHIN FIVE DAYS OF RECEIVING THIS DISCLOSURE. IF YOU CANCEL COVERAGE, THE PREMIUM WILL BE PRORATED AND ANY BROKER FEE CHARGED FOR THIS INSURANCE WILL BE RETURNED TO YOU. (Page 1 of 1) GREA1'n�,�,�i I�IYAciUI!?!1; Administrative Offices 30 12 (Ed. 01 09) XS 580 Walnut Street INSURANCE GROUP Cincinnati, Oh 45202 Tel: 1-513-369-5000 GENERAL SERVICE OF SUIT ENDORSEMENT (Not Applicable in Delaware or Pennsylvania) Pursuant to any statute of any state or district of the United States of America that makes provision therefor, the Insurer hereby designates the commissioner, superintendent or director of insurance or other officer specified for that purpose in the statute and his or her successors in office and duly authorized deputies in the state where this policy is issued, as the Insurer's true and lawful attorney for service of legal process in any action, suit or proceeding brought in the state where this policy is issued by or on behalf of an insured or beneficiary against the Insurer arising out of the insurance issued under this policy. Any legal process received by such attorney for service of legal process shall be forwarded, except as provided below, to the attention of: Eve Cutler Rosen, General Counsel, Great American Insurance Company, 580 Walnut Street, Cincinnati, Ohio 45202. In California, any legal process received by the Insurer's statutory attorney for service of process shall be forwarded to the attention of: Jere Keprios, The CT Corporation System, 818 West Seventh Street, Los Angeles, California 90017; In the District of Columbia, any legal process received by the Insurer's statutory attorney for service of process shall be forwarded to CT Corporation System, 1015 15th Street, NW, Suite 1000, Washington, DC 20005; In Maine, the Insurer hereby designates CT Corporation System as its attorney for service of legal process in any action relating to this policy, and directs that all such legal process be mailed to: CT Corporation System, One Portland Square, Portland, Maine 04101, In Oregon, the Insurer and the insured policyholder hereby agree to waive the provisions of Oregon Insurance Code Section 735.490 requiring that service of legal process in any action relating to this policy shall be served on the insurance agent who registered or delivered this policy, and instead agree that such service of legal process be mailed directly to Eve Cutler Rosen, General Counsel, Great American insurance Company 580 Walnut Street, Cincinnati, Ohio 45202. In Rhode Island, the Insurer hereby designates CT Corporation System as its attorney for service of legal process in any action relating to this policy, and directs that all such legal process be mailed to: CT Corporation System, 10 Weybosset Street, Providence, Rhode Island 02903. The foregoing designations of attorney for service of legal process upon the Insurer shall not constitute a waiver of the Insurer's rights to remove, remand, dismiss or transfer any suit or proceeding from any court, or to commence any suit or other proceeding in any court of competent jurisdiction. (Page 1 of 1) Gli ATAMENCAN Administrative Offices 580 Walnut Street INSURANCE GROUP Cincinnati, Oh 45202 Tel: 1-513-369-5000 SDM-526 (Ed. 09 06) XS GREAT AMERICAN INSURANCE GROUP PRIVACY NOTICE AND NOTICE OF INSURANCE INFORMATION PRACTICES Great American Insurance Company Great American Alliance Insurance Company Great American Assurance Company Great American Contemporary Insurance Company Great American E & S Insurance Company Great American Fidelity Insurance Company Great American Insurance Company of New York Great American Lloyd's Insurance Company Great American Protection Insurance Company Great American Security Insurance Company Great American Spirit Insurance Company Worldwide Casualty Insurance Company American Empire Surplus Lines Insurance Company American Empire Insurance Company American Empire Underwriters, Inc. Crop Managers Insurance Agency, Inc. Dempsey & Siders Agency, Inc. Great American Custom Insurance Services, Inc. Great American Insurance Agency, Inc. (Page 1 of 3) SDM-526 (Ed. 09 06) XS The members of Great American Insurance Group ("Great American," including those companies listed in this Notice) respect your right to privacy. We want you to know about our procedures for protecting your privacy and your rights and responsibilities regarding nonpublic personal information (referred to as "data" in this notice) we receive about you. We want you to understand how we gather data about you and how we protect it. The terms of this Notice apply to those individuals who inquire about or obtain insurance from Great American primarily for personal, family or household purposes. We will provide our customers with a copy of the most recent notice of our privacy policy at least annually and more often if we make any changes affecting their rights under our privacy policy. This Notice applies to current and former customers of Great American. Great American does not share your data except as allowed by law. As a result, you do not need to take any action under this Notice. If we change our practices in the future, we will advise you. If applicable, we will allow you to 'opt -out" of certain sharing. 1. What kind of data is collected about you? We get most of our data about you directly from you, such as your name, address, social security number, income level and certain other financial data. We collect data that you provide during the insurance application process and by other contact with you by mail and over the phone. In some cases we may need additional data or may need to verify data you have given us. In those cases, we may obtain data from outside sources at our own expense. For instance, we may collect data from consumer reporting agencies such as credit worthiness and history or employment history. If you send a written request to the address below, we will inform you of the name and address of any agency we have used to prepare a report on you so that you can contact the agency. Once you become our customer, we may collect data related to our experiences and transaction with you. This could include data such as insurance policy coverage, premiums and payment history, and any claims you make under your insurance policy. For example, we will retain data collected by a claims representative and police or fire reports. We may also collect data about you from our affiliates regarding their transactions and experiences with you (such as your payment or claims history). We do not currently share other credit -related data, except as allowed or required by law. Finally, we may collect data when you visit our website or when you email us. We do not sell this or any other data about you to anyone. 2. What do we do with data about you? Data about you will be kept in our records. We may disclose data to issue and service policies and settle claims. Generally, we will not disclose data about you to any outside group without your prior authorization. However, we may, as allowed by law, share data that we collect as set forth below. We may disclose data to'your insurance agent. We may disclose data to persons who represent you, including your attorney or trustee. We may disclose data to adjusters, appraisers, auditors, investigators and attorneys. We may disclose data to those who need the data to perform a business, professional or insurance function for us. We may disclose data to other insurance companies, agents or consumer reporting agencies, in connection with any insurance application, policy or claim involving you. (Page 2 of 3) SDM-526 (Ed. 09 06) XS We may disclose data to medical providers to inform you of a medical condition of which you may not be aware and for claims payment purposes. We may disclose data to others that conduct research, provided that no individual data may be identified in any research study report. We may disclose data, other than health data, to others that perform marketing services on our behalf. We may disclose data to our affiliated companies to market products to you and for other purposes. The law does not allow you to restrict this sharing. We may disclose data to a court, state insurance department or other government agency pursuant to a summons, court order, search warrant, subpoena, or as otherwise required by law or regulation. We will only disclose your health data in the following ways: as allowed or required by law; with your written consent; to underwrite or administer your policy, claim or account; or in a manner as previously disclosed to you by us when we collect your health data. When we disclose your data to third parties for certain purposes described above, we will require them to use your data only for its intended purpose. 3. Who has access to your data? The only people who have access to your data are those who need it to provide or support the provision of products or services to you. We use a system of passwords and other appropriate physical, electronic and procedural safeguards to protect against unauthorized access to your data. We have educated our employees about this Notice and the importance of customer privacy. 4. How can you review recorded data about you? You have the right to access and inspect most of the data that we collect about you. To access your data please send a written request to the address below stating that you would like to access your data. Either you or your personal representative must sign this request and provide a copy of your driver's license or other valid photo identification. You also have the right to request that we correct any data that you believe is incorrect. To amend your data, please send us a written request, at the address below, stating what data you believe needs correcting. Once again, either you or your personal representative must sign this request. If you submit a request to amend your data, we will investigate. If we agree, we will correct our records. Even if we do not correct the data, you have the right to file with us a written statement of dispute, which we will include, in any future disclosure of the data. 5. How can you contact us? If you have any questions about our privacy policy, please write to us at: GREAT AMERICAN INSURANCE COMPANY 580 Walnut Street Cincinnati, Ohio 45202 Attn: Compliance Office — Privacy (Page 3, of 3) Administrative offices - PEL 30 00 (Ed. 04 08) GR AT WRICAN Cincinnati Streehio t INSURANCE GROUP Tel: 1-513-369-5000 GREAT AMERICAN E & S INSURANCE COMPANY PREMISES ENVIRONMENTAL LIABILITY INSURANCE DECLARATIONS THIS IS A CLAIMS MADE AND REPORTED POLICY. READ IT CAREFULLY. THIS POLICY REQUIRES THAT A CLAIM BE MADE AGAINST THE INSURED DURING THE POLICY PERIOD AND REPORTED TO THE COMPANY DURING THE POLICY PERIOD OR, IF APPLICABLE, THE EXTENDED REPORTING PERIOD. SOME OF THE PROVISIONS CONTAINED IN THIS POLICY RESTRICT COVERAGE, SPECIFY WHAT IS AND IS NOT COVERED AND DESIGNATE RIGHTS AND DUTIES. LEGAL EXPENSE IS SUBJECT TO AND WILL ERODE THE LIMIT OF LIABILITY AND ANY APPLICABLE SELF -INSURED RETENTION. Policy Number: Renewal Of: Customer Number: PEL 8629840 00 NEW BUSINESS 0004317344 1. Named Insured: CITY OF VERNON Street Address: 4305 SANTA FE AVENUE City/State/Zip: , VERNON, CA 90058 2: Policy Period: From: 3/23/2009 To: 3/23/2010 (12:01 A.M. standard time at the mailing address shown in Item 1. above) 3. Coverages and Coverage Section Limits of Liability and Self -Insured Retention: If no Limit of Liability or Self -Insured Retention amount appears for a Coverage section shown below, this Policy does not apply for that Coverage section. Coverage Each POLLUTION CONDITION Limit Coverage Aggregate Limit Self -Insured Retention A. $ 1,000,000 $ 1,000,000 $ 25,000 B. $ 1,000,000 $ 1,000,000 $ 25,000 C. $0 . $0 $0 D. $ 5,000,000 $ 5,000,000 $ 25,000 E. $ 5,000,000 $ 5,000,000 $ 25,000 4. Policy Aggregate Limit of Liability: $ 5,000,000 (Page 1 of 2) 5. COVERED 4305 SANTA FE AVENUE, VERNON, CA 90058 LOCATION(s): 6. CONTRACTING All Contracting Services SERVICES: 7. Retroactive Date: Not Applicable 8. Reverse Retroactive Date: Not Applicable 9. Premium: -Premium for Certified Acts of Terrorism (coverage rejected): -Premium for Taxes and Surcharges (included in above): 10. Minimum Earned Premium: 25% 11. Broker: ARTHUR J GALLAGHER & CO. Street Address: 505 N BRAND BLVD STE 600 City/State/Zip: GLENDALE, CA 91203 $ 18,508.00 $ 0.00 $ 0.00 PEL 30 00 (Ed. 04 08) 12. Forms and Endorsements applicable to all Coverage parts and made part of this Policy at the time of issue are listed on the attached Forms and Endorsements Schedule. (Page 2 of 2) ;� &'z�� -� ��` � �` �` �s �':a� _�� g"�'•�x„,� 5� �3a h'�# rd zs:s} � ;s.� #,r- '�, 'a" :k `� ��. 2 �i is G»eATAMERICAIV INSURANCE GROUP ENVIRONMENTAL DIVISION ENDORSEMENT # PEL (Manus 03110) This endorsement, effective 1201 a.m., , forms a part of Policy No, issued to City of Vernon By Great American E & S Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE; READ IT CAREFULLY. CONTRACTING SERVICES DEFINITION AMENDATORY ENDORSEMENT This endorsement modifies insurance provided under the following: PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY The INSURED and the Company agree to the following Policy change(s): Section ll. DEFINITIONS, Item G. CONTRACTING SERVICES is deleted in its entirety and /'�V. vti.��.YVV IIIGGIIJ ully 4WlluclNully JGI' Declarations and performed by or on behalf of the INSURED, All other terms and conditions remain the same. GREATAMRICAN. INSURANCE6ROUP ENVIRONMENTAL DIVISION ENDORSEMENT # PEL (Manus 03/10) This endorsement, effective 1201 a.m., , forms a part of Policy No. issued to City of Vernon By Great American E & S Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. NON -OWNED DISPOSAL SITE(S) ("NODS") AMENDATORY ENDORSEMENT This endorsement modifies insurance provided under the following: PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY The INSURED and the Company agree to the following Policy change(s): 1. Section II. DEFINITIONS, Item Q. NON -OWNED DISPOSAL SITE(S) ("NODS") is deleted in its entirety and replaced with the following: Q. NON -OWNED DISPOSAL SITE(S) ("NODS") means: 1. each location endorsed onto this Policy in the NODS Schedule; or 2. a location(s) used for the treatment, storage or disposal of an INSURED's waste material, but only if: a. the waste material is generated by CONTRACTING SERVICES or at a COVERED LOCATION(S); and b. the NODS is not managed, operated, owned or leased by the INSURED or any subsidiary or affiliate of the INSURED; and c. the NODS is permitted and/or licensed by any Federal, State, Local or Provincial authorities to accept such material as of the date of the treatment, storage or disposal; and d. the NODS is not listed on a ' proposed or final Federal National Priorities List ("NPL") and any State or Provincial equivalent NPL, Superfund or Hazardous Waste list prior to the treatment, storage or disposal. GR�AT;,vyIBRICAN.' INSURANCE GNUP ENVIRONMENTAL DIVISION 2. Section 1. INSURING AGREEMENTS, D. Coveraae D - NON -OWNED DISPOSAL SITE applies to the following locations: Schedule of NODS: • Puente Hills Landfill, 2800 South Workman Mill Road, Whittier, CA 90601 • Sunshine Canyon Landfill, 14747 San Fernando Road, Sylmar, CA 91342 • Olinda Alpha Sanitary Landfill, 1942 N. Valencia Avenue, Brea, CA 92823 • Antelope Valley Public Landfill, 1200 West City Ranch Road, Palmdale, CA 93551 • Azusa Land Reclamation, 1211 West Gladstone Street, Azusa, CA 91702 • Chiquita Canyon Landfill, 29201 Henry Mayo Drive, Valencia, CA 91355 • Commerce Refuse -to -Energy, 5926 Sheila Street, Commerce, CA 90040 • El Sobrante Landfill,10910 Dawson Canyon Road, Corona, CA 92883 • Landcaster Landfill and Recycling, 600 E. Avenue #F, Landcaster, CA 93535 • Simi Valley Landfill and Recycling, 2801 Madera Road, Simi Valley, CA 93065 • Frank R. Bowerman Sanitary Landfill, 11002 Bee Canyon Access Road, Irvine, CA 92618 All other terms and conditions remain the same. •0004317344 s^' Administrative Offices PEL 30 01 (Ed. 04 08) 580 GPmAT� RICAN Cincinnati,, Ohioe45202 INSURANCE GROUP Tel: 1-513-369-5000 GREAT AMERICAN E & S INSURANCE COMPANY PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY THIS IS A CLAIMS MADE AND REPORTED POLICY. READ IT CAREFULLY. THIS POLICY REQUIRES THAT A CLAIM BE MADE AGAINST THE INSURED DURING THE POLICY PERIOD AND REPORTED TO THE COMPANY DURING THE POLICY PERIOD OR, IF APPLICABLE, THE EXTENDED REPORTING PERIOD. SOME OF THE PROVISIONS CONTAINED IN THIS POLICY RESTRICT COVERAGE, SPECIFY WHAT IS AND IS NOT COVERED AND DESIGNATE RIGHTS AND DUTIES. LEGAL EXPENSE IS SUBJECT TO AND WILL ERODE THE LIMIT OF LIABILITY AND ANY APPLICABLE SELF -INSURED RETENTION. In this Policy, "the Company" refers to the company providing this insurance. Some other words and phrases that appear in capital letters have special meaning. Refer to SECTION II — DEFINITIONS. In consideration of the payment of the Policy Premium and in reliance upon the statements contained in the Application and any other supplemental materials and information submitted in connection with the Application, and subject to all the terms, conditions, exclusions and limitations of this Policy, the Company agrees to provide insurance coverage to the INSURED as described herein: SECTION I. INSURING AGREEMENTS EACH OF THE FOLLOWING COVERAGES IS IN EFFECT ONLY IF IT IS SCHEDULED IN THE DECLARATIONS. EACH COVERAGE THAT IS IN EFFECT IS SUBJECT TO SECTION VI. LIMIT OF LIABILITY AND SELF -INSURED RETENTION. A. COVERAGE A - POLLUTION LEGAL LIABILITY The Company will pay on behalf of the INSURED for LOSS and related LEGAL EXPENSE because of a POLLUTION CONDITION on, at, under or migrating from the COVERED LOCATION(S), which the INSURED becomes legally obligated to pay as a result of a CLAIM first made against the INSURED during the POLICY PERIOD, but only if the INSURED reports the CLAIM to the Company, in writing, during the POLICY PERIOD or, if applicable, the EXTENDED REPORTING PERIOD. B. COVERAGE B — ON -SITE AND OFF -SITE CLEAN-UP COSTS The Company will pay on behalf of the INSURED for CLEAN-UP COSTS and related LEGAL EXPENSE because of a POLLUTION CONDITION on, at, under or migrating from the COVERED LOCATION(S): 1. which the INSURED becomes legally obligated to pay as a result of a CLAIM first made against the INSURED during the POLICY PERIOD; or 2. if the POLLUTION CONDITION is first discovered by the INSURED during the POLICY PERIOD; but only if the INSURED notifies the Company of the CLAIM or POLLUTION CONDITION, in writing, during the POLICY PERIOD or, if applicable, the EXTENDED REPORTING PERIOD. C. COVERAGE C — CONTRACTING SERVICES POLLUTION LIABILITY The Company will pay on behalf of the INSURED for LOSS, CLEAN-UP COSTS, and related LEGAL EXPENSE (Page 1 of 12) PEL 30 01 (Ed. 04 08) which the INSURED becomes legally obligated to pay because of a POLLUTION CONDITION arising from CONTRACTING SERVICES where, during the POLICY PERIOD: 1. a CLAIM for such LOSS and/or CLEAN-UP COSTS is first made against the INSURED; or 2. the POLLUTION CONDITION first begins and is first discovered by the INSURED; but only if the INSURED notifies the Company of the CLAIM or POLLUTION CONDITION, in writing, during the POLICY PERIOD, or, if applicable, the EXTENDED REPORTING PERIOD. D. COVERAGE D - NON -OWNED DISPOSAL SITE The Company will pay on behalf of the INSURED for LOSS, CLEAN-UP COSTS, and related LEGAL EXPENSE because of a POLLUTION CONDITION on, at, under or migrating from a NON -OWNED DISPOSAL SITE, which the INSURED becomes legally obligated to pay as a result of a CLAIM first made against the INSURED during the POLICY PERIOD, but only if the INSURED reports the CLAIM to the Company, in writing, during the POLICY PERIOD or, if applicable, the EXTENDED REPORTING PERIOD. E. COVERAGE E — IN -BOUND AND OUT -BOUND CONTINGENT TRANSPORTATION COVERAGE The Company will pay on behalf of the INSURED for LOSS, CLEAN-UP COSTS, and related LEGAL EXPENSE because of a POLLUTION CONDITION arising from the INSURED's goods, products or waste during the course of transportation by a CARRIER to or from: 1. a JOB SITE where CONTRACTING SERVICES are being performed; or 2. a COVERED LOCATION(S); including any loading or unloading of such goods, products or waste, which the INSURED becomes legally obligated to pay as a result of a CLAIM first made against the INSURED during the POLICY PERIOD, but only if the INSURED reports the CLAIM to the Company, in writing, during the POLICY PERIOD or, if applicable,. the EXTENDED REPORTING PERIOD. SECTION II. DEFINITIONS A. ADDITIONAL NAMED INSURED means any person, organization, or entity identified as an ADDITIONAL NAMED INSURED in an .endorsement issued by the Company, but solely for their liability as a result of their ownership, maintenance, use, operation, development or financial interest in a COVERED LOCATION(S). B. AUTOMOBILE means a land motor vehicle, trailer, semi -trailer, mobile equipment, or off -road motor vehicle, including any machinery or apparatus attached thereto. C. BODILY INJURY means: 1. physical injury, sickness, disease, or building related illness sustained by any person, including death resulting therefrom, and, solely with regard to this Item CA., any accompanying medical or environmental monitoring; and/or 2. mental anguish, emotional distress, or shock; caused by a POLLUTION CONDITION. D. CARRIER means a person or entity, other than the INSURED or any subsidiary or affiliate company of the INSURED, engaged by or on behalf of the INSURED to transport material by AUTOMOBILE, aircraft, watercraft or rolling stock, but only if such person or entity is properly licensed to transport such material and in the business of transporting such material. (Page 2 of 12) PEL 30 01 (Ed. 04 08) E. CLAIM means a demand, notice or assertion of a legal right alleging liability or responsibility on the part of the INSURED, arising out of a POLLUTION CONDITION, and shall include but not be limited to lawsuits, orders, petitions or governmental or regulatory actions, filed against the INSURED. F. CLEAN-UP COSTS means reasonable and necessary expenses incurred to investigate, remove, dispose of, abate, contain, treat or neutralize a POLLUTION CONDITION, including any monitoring and testing costs: 1. to the extent required by Federal, State, Local or Provincial Laws, including but not limited to statutes, rules, ordinances, guidance documents, regulations and all amendments thereto, including state voluntary cleanup or risk based corrective action guidance, governing the liability or responsibilities of the INSURED; or 2. in the absence of items in 1. above, to the extent recommended by a ENVIRONMENTAL PROFESSIONAL; with respect to a POLLUTION CONDITION. CLEAN-UP COSTS includes REPLACEMENT COSTS and also includes any associated punitive, exemplary or multiplied damages, where insurable by law. G. CONTRACTING SERVICES means any contracting services listed in the Declarations and performed by the INSURED at a JOB SITE. H. COVERED LOCATION(S) means any location(s) stated in the Declarations or any location(s) scheduled as such onto this Policy by an endorsement issued by the Company. COVERED LOCATION(S) does not include a JOB SITE. I. ENVIRONMENTAL PROFESSIONAL means an individual designated by the Company who is duly certified or licensed in a recognized field of environmental science as required by a state board, a professional association, or both. The Company shall consult with the INSURED in conjunction with the selection of the ENVIRONMENTAL PROFESSIONAL. The Company may require that such professional meet certain minimum qualifications and maintain errors and omissions insurance. J. EXTENDED REPORTING PERIOD means the Automatic Extended Reporting Period or, if applicable, the Optional Extended Reporting Period described in Section V. of this Policy. K. FIRST NAMED INSURED means the person or entity stated in the Declarations. L. INSURED means the FIRST NAMED INSURED, any ADDITIONAL NAMED INSURED added to this Policy by an endorsement issued by the Company, and any present or former director, officer, partner, member, employee, leased or temporary worker thereof, while acting within the scope of his/her duties as such. M. LEGAL EXPENSE means attorneys' fees and other charges and expenses incurred in the investigation, adjustment, defense, or settlement of any CLAIM for LOSS or CLEAN-UP COSTS, or in connection with the payment of any CLEAN-UP COSTS. LEGAL EXPENSE includes the fees and expenses of consultants, expert witnesses, accountants, court reporters, and other vendors, for goods or services in connection with such investigation, adjustment, defense, or settlement, whether incurred by the INSURED, defense counsel, or the Company. LEGAL EXPENSE does not include salary charges of regular employees or officials of the Company, fees and expenses of supervisory counsel retained by the Company, or the time and expense incurred by the INSURED in assisting in the investigation or resolution of a CLAIM or in connection with CLEAN-UP COSTS, including but not limited to the costs of the INSURED's in-house counsel. N. LOSS means a monetary judgment, award or settlement of: 1. compensatory damages, or 2. punitive, exemplary or multiplied damages, civil fines, penalties and assessments, where insurable by law, because of BODILY INJURY and/or PROPERTY DAMAGE. (Page 3 of 12) PEL 30 01 (Ed.. 04 08) O. JOB SITE means a location at which CONTRACTING SERVICES are performed. However, JOB SITE does not include any of the following: 1. a COVERED LOCATION(S); or 2. any location managed, operated, owned or leased by an INSURED or any subsidiary or affiliate of an INSURED. P. MOLD MATTER means mold, mildew or any type or form of fungus; including any mycotoxins, spores, or byproducts produced or released by fungi. Q. NON -OWNED DISPOSAL SITE(S) ("NODS") means a location(s) used for the treatment, storage or disposal of an INSURED'S waste material, but only if: 1. the waste material is generated by CONTRACTING SERVICES or at a COVERED LOCATION(S); and 2. the NODS is not managed, operated, owned or leased by the INSURED or any subsidiary or affiliate of the INSURED; and 3. the NODS is permitted and/or licensed by any Federal, State, Local or Provincial authorities to accept such material as of the date of the treatment, storage or disposal; and 4. the NODS is not listed on a proposed or final Federal National Priorities List ("NPL") and any State or Provincial equivalent NPL, Superfund or Hazardous Waste list prior to the treatment, storage or disposal. R. POLICY PERIOD means the period stated in the Declarations. However, if this Policy is cancelled, by either the FIRST NAMED INSURED or the Company, the policy period ends at the effective date and time of the cancellation. S. POLLUTANTS mean any solid, liquid, gaseous or thermal pollutant, irritant or contaminant, including but not limited to smoke, vapors, odors, soot, fumes, acids, alkalis, toxic chemicals, hazardous substances, petroleum hydrocarbons, waste materials, including medical, infectious and pathological wastes, legionella, electromagnetic fields, MOLD MATTER and low-level radioactive waste and material. T. POLLUTION CONDITION means any one or more of the following: 1. the discharge, dispersal, release, seepage, migration, or escape of POLLUTANTS into or upon land or structures thereupon, the atmosphere, or any watercourse or body of water including groundwater; 2. the illicit abandonment of POLLUTANTS at a COVERED LOCATION(S) provided that such abandonment was committed by a person(s) or entity(ies) other than an INSURED and without any knowledge by a RESPONSIBLE PERSON; 3. the existence of MOLD MATTER on, at, or within buildings or structures. U. PROPERTY DAMAGE means: 1. physical injury to or destruction of tangible property of any person or organization other than an INSURED including the resulting loss of use of such property, and including the personal property of such parties; or 2. loss of use of such property that has not been physically injured or destroyed; or 3. diminution in the value of such property; or 4. natural resource damage which means the physical injury to or destruction of, as well as the assessment of such injury or destruction, including the resulting loss of value of land, fish, wildlife, biota, air, water, groundwater, drinking water supplies, and other such resources belonging to, managed by, held in trust by, appertaining to, or otherwise controlled by the United States (including the resources of the fishery conservation zone established by the Magnuson -Stevens Fishery Conservation and Management Act(16 U.S.C. 1801 et. seq.)), any State, Local or (Page 4 of 12) PEL 30 01 (Ed. 04 08) Provincial government, any foreign government, any Native American tribe, or, if such resources are subject to a trust restriction or alienation, any member of a Native American Tribe. caused by a POLLUTION CONDITION. However, PROPERTY DAMAGE does not include CLEAN-UP COSTS. V. REPLACEMENT COSTS means reasonable and necessary costs incurred by the INSURED with the Company's written consent, to repair, restore or replace damaged real or personal property in order to restore the property to the condition it was in prior to being damaged in the course of incurring CLEAN-UP COSTS. REPLACEMENT COSTS shall not exceed the actual cash value of such real or personal property prior to incurring the CLEAN-UP COSTS. For the purposes of this definition, actual cash value means replacement cost reduced by physical depreciation and obsolescence. W. RESPONSIBLE PERSON means any officer, director or partner of the INSURED; the manager or supervisor of the INSURED responsible for environmental or health and safety affairs, control or compliance; or any manager of a COVERED LOCATION(S). X. UNDERGROUND STORAGE TANK means any container or vessel, including the associated piping connected thereto, which is ten percent (10%) or more beneath the surface of the ground. SECTION III. TERRITORY This Policy applies only to CLAIMS first made or brought in the United States, its territories or possessions, Puerto Rico or Canada, but only if the INSURED'S responsibility to pay for LOSS is determined in: A. a proceeding on the merits conducted in the United States, its territories or possessions, Puerto Rico or Canada, or B. a settlement agreed to by the Company. SECTION IV. EXCLUSIONS This Insurance does not apply to any LOSS, CLEAN-UP COSTS, LEGAL EXPENSE or other coverage afforded under this Policy or any endorsement issued by the Company: 1. Asbestos based upon or arising out of any asbestos or asbestos containing material, in, on, or applied to any building or other structure. This exclusion does not apply to asbestos, or asbestos containing materials, in soil or in any watercourse or body of water including groundwater. 2. Communicable Diseases based upon or arising out of any exposure to infected humans or animals, or contact with bodily fluids of infected humans or animals. 3. Contractual Liability based upon or arising from the INSURED's assumption, under any contract or agreement, of the liability of another. This exclusion does not apply to liability the INSURED would have had in the absence of the contract or agreement. 4. Criminal Fines, Penalties and Assessments based upon or arising out of any criminal fine, criminal penalty, or criminal assessment. 5. Employer's Liability/Workers' Compensation based upon or arising out of any BODILY INJURY to an INSURED, or an employee of its parent, subsidiary or affiliate arising out of and in the course of employment by the INSURED or its parent or subsidiary or affiliate including BODILY INJURY or pecuniary loss to the spouse, child, parent, brother or sister of such injured employee. This exclusion applies whether the INSURED may be liable as an employer or in any other capacity and to any obligation to share damages with or repay another who must pay damages as a result of the BODILY INJURY. (Page 5 of 12) PEL 30 01 (Ed. 04 08) 6. Faulty Workmanship/Own Work based upon or arising out of the costs to repair or replace faulty workmanship, construction, fabrication, installation, assembly or remediation if such faulty workmanship, construction, fabrication, installation, assembly or remediation was performed in whole or in part by an INSURED. 7. Hostile Acts based upon or arising out of any consequence, whether direct or indirect, of declared or undeclared war, invasion, act of foreign enemy, hostilities, civil war, rebellion, revolution, insurrection, or military or usurped power, or in defending against any one or more of those. 8. Insured vs. Insured based upon or arising out of any CLAIM by one INSURED against any other INSURED. This exclusion does not apply to a CLAIM that arises out of an indemnification given by one INSURED to another INSURED as specified in a contract that was submitted and approved by the Company and added to this Policy by endorsement. 9. Insured's Property/Bailee Liability with respect to property damage to property owned, leased or operated by, or in the care, custody or control of, the INSURED, even if such property damage is incurred to avoid or mitigate LOSS or CLEAN-UP COSTS which may be covered under this Policy. This exclusion does not apply to REPLACEMENT COSTS. 10. Intentional Acts based upon or arising out of a POLLUTION CONDITION that results from any RESPONSIBLE PERSON's intentional disregard of, or deliberate, willful, or dishonest non-compliance with, any statute, regulation, ordinance, administrative complaint, notice letter, or instruction by or on behalf of any governmental agency or representative. 11. Known Condition(s) based on or arising out of any POLLUTION CONDITION that was known by or reported to any RESPONSIBLE PERSON, but was not expressly reported in writing to the Company, before: (a) the beginning of the POLICY PERIOD (as respects a POLLUTION CONDITION at any COVERED LOCATION(S), or arising out of any CONTRACTING SERVICES, shown in the Declarations at the beginning of the POLICY PERIOD), or (b) the Company issues an endorsement to add: I. the COVERED LOCATION(S) at which the POLLUTION CONDITION exists, or ii. the CONTRACTING SERVICES from which the POLLUTION CONDITION arises, to the Policy (as respects a POLLUTION CONDITION at any COVERED LOCATION(S), or arising out of any CONTRACTING SERVICES, that was not shown in the Declarations at the beginning of the POLICY PERIOD). Any such expressly reported POLLUTION CONDITION which is not otherwise excluded under this Policy by endorsement is deemed to be first discovered on the date the COVERED LOCATION(S) or CONTRACTING SERVICES, as applicable, were added to this Policy. 12. Lead -Based Paint based upon or arising out of lead -based paint in, on, or applied to, any building or other structure. This exclusion does not apply to lead -based paint in soil or in any watercourse or body of water including groundwater. 13. Material Change in Use based upon or arising out of a change in the use of, or operations at, a COVERED LOCATION(S) from the use or operations as of the date the COVERED LOCATION(S) became insured by this Policy, if that change materially increases the likelihood or severity of a POLLUTION CONDITION or CLAIM. 14. Natural Occurring Material(s) based upon or arising out of the existence, required removal, or abatement, of naturally occurring material(s). This exclusion does not apply where such substances are present at a JOB SITE due to the performance of (Page 6 of 12) PEL 30 01 (Ed. 04 08) CONTRACTING SERVICES or at a COVERED LOCATION(S) only because of human activities or processes. This exclusion also does not apply to MOLD MATTER. 15. New Pollution Conditions at Divested Property based upon or arising out of a POLLUTION CONDITION on, at, under or migrating from a COVERED LOCATION(S), if the discharge, dispersal, release, seepage, migration or escape of those POLLUTANTS begins after such COVERED LOCATION(S) is sold, given away, or abandoned by the INSURED, or condemned. 16. Products Liability based upon or arising out of goods or products manufactured, sold, handled, distributed, altered or repaired by the INSURED or by others trading under the INSURED's name, including any container thereof, any failure to warn, or any reliance upon a representation or warranty made at any time with respect thereto, but only if the POLLUTION CONDITION occurs away from the COVERED LOCATION(S) and after physical possession of such goods or products has been relinquished to others. 17. Retroactive Date based upon or arising out of a POLLUTION CONDITION that first commenced prior to the retroactive date stated in the Declarations, including any further dispersal, migration or movement of that POLLUTION CONDITION on or after that date. 18. Reverse Retroactive Date based upon or arising out of a POLLUTION CONDITION that first commenced subsequent to the reverse retroactive date stated in the Declarations. 19. Underground Storage Tank(s) based upon or arising out of the existence of any UNDERGROUND STORAGE TANK(s). This exclusion does not apply to UNDERGROUND STORAGE TANK(s): (a) either closed, abandoned in place or removed, in accordance with all applicable federal, state, or provincial regulations, prior to the inception date of this Policy; or (b) endorsed to this Policy in the Underground Storage Tank(s) and Associated Piping Schedule, if any; or (c) the existence of which is unknown by all RESPONSIBLE PERSONS as of the inception date of this Policy. 20. Vehicles based upon or arising out of the ownership, maintenance, use, operation, loading or unloading of any AUTOMOBILE, aircraft, watercraft, rolling stock or any other form of transportation, including any cargo carried thereby, beyond the legal boundaries' of a JOB SITE where CONTRACTING SERVICES are being performed -or a COVERED LOCATION(S). This exclusion does not apply to Coverage E — In -Bound and Out -Bound Contingent Transportation Coverage. SECTION V. EXTENDED REPORTING PERIOD A. Automatic Extended Reporting Period In the event of the termination of this insurance before the expiration date shown in the Declarations, the INSURED shall be entitled to a ninety (90) day Automatic Extended Reporting Period for no additional premium. The Automatic Extended Reporting Period shall apply as follows: (1) A CLAIM first made against the INSURED during the POLICY PERIOD and reported to the Company, in writing, during the ninety (90) days immediately following the effective date of such termination will be deemed to have been made on the last day of the POLICY PERIOD, provided such CLAIM is otherwise covered by this Policy. (2) A CLAIM first made against the INSURED and reported to the Company, in writing, during the ninety (90) days immediately following the effective date of such termination will be deemed to have been made on the last day of the POLICY PERIOD, provided such CLAIM arises from a POLLUTION CONDITION first discovered and reported to the Company, in writing, prior to such termination, and is otherwise covered by this Policy. (Page 7 of 12) PEL 30 01 (Ed 04 08) The Automatic Extended Reporting Period does not apply where: (1) the Policy is terminated for fraud or non-payment of premium; or (2) the INSURED has purchased other insurance to replace the insurance provided under this Policy. For the purposes of Section V.A. — Automatic Extended Reporting Period, under this Policy: (a) either cancellation or non -renewal shall be deemed to be a termination of this insurance; and (b) in the event of non -renewal, the expiration date shown in the Declarations shall be deemed the effective date of the termination. B. Optional Extended Reporting Period The FIRST NAMED INSURED shall be entitled to purchase an Optional Extended Reporting Period upon cancellation or non -renewal of the Policy, subject to the following terms and conditions: The FIRST NAMED INSURED shall be entitled to purchase an Optional Extended Reporting Period upon payment of an additional premium of not more than 200% of the full Policy Premium. The Optional Extended Reporting Period shall be effective for three (3) consecutive three -hundred and sixty-five (365) day periods commencing immediately following the effective date of cancellation or non -renewal. The FIRST NAMED INSURED must elect to purchase this Optional Extended Reporting Period in writing within thirty (30) days from the cancellation or non -renewal of the Policy. The Automatic Extended Reporting Period of ninety (90) days will be merged into this period and is not in addition to this period. The Optional Extended Reporting Period shall only apply to CLAIMS first made against the INSURED during the Optional Extended Reporting Period, but only by reason of a POLLUTION CONDITION first discovered and reported to the Company, in writing, during the POLICY PERIOD, and is otherwise covered by this Policy. The Optional Extended Reporting Period does not apply where: (1) the Policy is terminated for fraud or non-payment of premium; or (2) the INSURED has purchased other insurance to replace the insurance provided under this Policy. For the purposes of Section V.B. — Optional Extended Reporting Period under this Policy: (a) either cancellation or non -renewal shall be deemed to be a termination of this insurance; and (b) in the event of non -renewal, the expiration date shown in the Declarations shall be deemed the effective date of the termination. It is a condition precedent to the operation of the rights granted under Section V.B. that payment of the appropriate premium shall be made not later than thirty (30) days after expiration in the case of non -renewal or prior to cancellation in the case of cancellation. For purposes of Section V., the quotation of different Limits of Liability, Self -Insured Retentions, terms or conditions by the Company shall not be construed as termination or non -renewal of this Policy. SECTION VI. LIMIT OF LIABILITY AND SELF -INSURED RETENTION A. The Limits of Liability and Self -Insured Retention shown in the Declarations and the rules below fix the most the Company will pay regardless of the number of INSUREDS, COVERED LOCATION(S), CONTRACTING SERVICES, POLLUTION CONDITIONS, CLAIMS made, or persons or organizations making CLAIMS. B. For purposes of this Policy, the same or related POLLUTION CONDITIONS at any one JOB SITE where CONTRACTING SERVICES are performed, or at any one COVERED LOCATION, shall be deemed a single POLLUTION CONDITION. C. This Policy will pay covered LOSS, CLEAN-UP COSTS, LEGAL EXPENSE or any other coverages afforded under this Policy or any endorsements attached hereto only (1) in excess of the applicable Self -Insured Retention Amount stated (Page 8 of 12) PEL 30 01 (Ed. 04 08) in the Declarations and (2) subject to the applicable Limit of Liability stated in the Declarations and the other terms and conditions of this Policy. D. The Self -Insured Retention Amount is to be borne by the INSURED and is not to be insured unless the Company has expressed its prior consent in writing to the FIRST NAMED INSURED. If the same or related POLLUTION CONDITION results in coverage under more than one coverage section for which a limit is stated in the Declarations or under any other coverage afforded under this Policy or any endorsements attached hereto, only the single highest Self -Insured Retention amongst such applicable coverages shall apply. E. Each POLLUTION CONDITION Limit — Subject to Items F. and G. below, the most the Company will pay for the sum of all LOSS, CLEAN-UP COSTS, and LEGAL EXPENSE under each coverage section stated in the Declarations, or under any other coverages afforded under this Policy or any endorsements attached thereto, arising out of the same or related POLLUTION CONDITION is the Each POLLUTION CONDITION Limit applicable to that particular coverage. F. Coverage Section Aggregate Limit — Subject to Item G. below, the Company's total liability for the sum of all LOSS, CLEAN-UP COSTS, and LEGAL EXPENSE under each coverage section stated in the Declarations, or under any other coverages afforded under this Policy or any endorsements attached thereto, during the POLICY PERIOD or, if applicable, the EXTENDED REPORTING PERIOD, shall not exceed the Coverage Aggregate Limit of Liability applicable to that particular coverage. G. Policy Aggregate Limit - The Company's total liability for the sum of all LOSS, CLEAN-UP COSTS, LEGAL EXPENSE and any other coverages afforded under this Policy or any endorsements attached thereto, shall not exceed the Policy Aggregate Limit of Liability as stated in the Declarations. H. Any LOSS, CLEAN-UP COSTS, LEGAL EXPENSE or any other coverages afforded under this Policy or any endorsements attached hereto, incurred and reported to the Company, in writing, over more than one POLICY PERIOD, and resulting from the same or related POLLUTION CONDITION, shall be considered a single POLLUTION CONDITION. The LOSS, CLEAN-UP COSTS, LEGAL EXPENSE or any other coverages afforded under this Policy or any endorsements attached thereto will be subject to the same Limit of Liability and Self -Insured Retention Amount(s) in effect at the time the POLLUTION CONDITION was first reported to the Company, in writing, during the POLICY PERIOD or, if applicable, the EXTENDED REPORTING PERIOD. SECTION VII. REPORTING, DEFENSE, SETTLEMENT AND COOPERATION A. As a condition precedent to the coverage hereunder, in the event a CLAIM is made against the INSURED for LOSS or CLEAN-UP COSTS, or a POLLUTION CONDITION is first discovered that results in a LOSS or CLEAN-UP COSTS, written or oral notice containing particulars sufficient to identify the INSURED and also reasonably obtainable information with respect to the time, place and circumstances thereof, and the names and addresses of the injured and of available witnesses, shall be given by or for the INSURED to the Company or any of its authorized agents as soon as practicable. In the event of oral notice, the INSURED agrees to furnish a written report as soon as practicable. The INSURED shall also forward to the Company every demand, notice, summons, order or other process received by the INSURED or the INSURED's representative as soon as practicable. B. No costs, charges or expenses shall be incurred, nor payments made, obligations assumed or remediation commenced, without the Company's consent which shall not be unreasonably withheld. This provision does not apply to costs incurred by the INSURED on an emergency basis, where delay on the part of the INSURED would cause injury to persons or damage to property or increase significantly the cost of responding to a POLLUTION CONDITION. The INSURED shall notify the Company of all such expenses immediately after the emergency ends. C. The Company shall have the right to. designate legal counsel for the investigation, adjustment and defense of CLAIMS. The Company shall consult with the INSURED in conjunction with the selection of counsel. The Company shall have the right and duty to defend an INSURED against any CLAIM for LOSS or for CLEAN-UP COSTS, however, the Company will have no duty to defend the INSURED for LOSS or for CLEAN-UP COSTS to which this Policy does not apply. D. Once the applicable Limit of Liability has been exhausted, the Company shall not be obligated to defend or continue to defend any CLAIM or pay for any LOSS, CLEAN-UP COSTS or other coverage afforded under this Policy. (Page 9 of 12) PEL 30 01 (Ed. 04 08) E. The Company may, where allowable by law, appoint one counsel to defend all of the INSUREDs under this Policy on a joint defense basis. F. In the event that the INSURED is entitled by law to select independent counsel (Cumis Counsel) to defend the INSURED at the Company's expense, the attorney's fees and all other litigation expenses incurred by the Company shall be limited to the same rates that the Company would pay to counsel selected by the Company to defend a similar CLAIM in the location where the CLAIM arose or is being defended. The Company may require that such counsel meet certain minimum qualifications and maintain errors and omissions insurance. The INSURED agrees that such counsel will timely respond to the Company's request for information. G. The INSURED shall not admit liability or settle any CLAIM without the Company's consent. If the Company recommends a monetary settlement of a CLAIM acceptable to a claimant: 1. for an amount within the Self -Insured Retention Amount and the INSURED refuses such settlement, the Company shall not be liable for any LOSS, CLEAN-UP COSTS, LEGAL EXPENSE, or any other coverages afforded under this Policy or any endorsements attached thereto in excess of the Self -Insured Retention Amount; or 2, for a total amount in excess of the Self -Insured Retention and within the applicable Limits of Liability and the INSURED refuses such settlement, the Company's liability for LOSS, CLEAN-UP COSTS, LEGAL EXPENSE, or any other coverages afforded under this Policy or any endorsements attached hereto, shall be limited to that portion of the sum of (a) the recommended settlement and (b) the costs, charges and expenses already incurred as of the date of the INSURED's refusal, which exceeds the Self -Insured Retention Amount and is within the Limit of Liability. H. All INSUREDs shall cooperate with the Company and upon the Company's request shall submit to examination by a representative of the Company, under oath if required, and shall attend hearings, depositions and trials and assist in effecting settlement, securing and giving evidence, obtaining the attendance of witnesses and in the conduct of suits, as well as in the investigation and/or defense, all without charge to the Company. The INSURED shall further cooperate with the Company and do whatever is necessary to secure and enforce any rights of indemnity, contribution or apportionment which the INSURED may have. SECTION VIII. TRANSFER OF LEGAL DEFENSE DUTIES A. If the Company believes that any of the applicable Limits of Liability stated in the Declarations has been or soon will be exhausted in defending a CLAIM, or that the Company has paid out or will soon pay out the Policy Aggregate Limit of Liability stated in the Declarations, the Company will so notify the FIRST NAMED INSURED in writing as soon as possible. The Company will advise that its duty to defend CLAIMS seeking damages subject to those limits has terminated, subject to payment of the limits, and that it will no longer handle the defense of any CLAIM for which notice is given after the date it sends out such notice. The Company will take prompt and appropriate steps to transfer control of any existing defense prior to exhaustion of the limits to the FIRST NAMED INSURED. The FIRST NAMED INSURED agrees to reimburse the Company for any costs which the Company bears in connection with the transfer of the defense. B. The Company will take appropriate steps necessary to defend the CLAIM during the transfer of the defense and avoid any unfavorable legal action provided that the INSURED cooperates in"the transfer of the duties of the defense. C. The Company's failure to comply with any of the provisions of Section VIII. shall in no way obligate the Company to defend or continue to defend any CLAIM, or to pay any LOSS, CLEAN-UP COSTS or other sum covered under this Policy, after exhaustion of an applicable Limit of Liability. SECTION IX. CONDITIONS A. ACTION AGAINST COMPANY - No -action brought by an organization or entity, other than an INSURED, shall lie against the Company unless, as a condition precedent thereto, the INSURED has fully complied with all of the terms of this Policy and, the amount of the INSURED's obligation to pay shall have been finally determined either by judgment against the INSURED after actual trial or by written agreement of the INSURED, the claimant and the Company. (Page 10 of 12) PEL 30 01 (Ed. 04 08) Any person or organization or the legal representative thereof who has secured such judgment or written agreement shall thereafter be entitled to recover under this Policy to the extent of the insurance afforded by this Policy. No person or organization shall have any right under this Policy to join the Company as a party to any action against the INSURED to determine the INSURED's liability, nor shall the Company be impleaded by the INSURED or his legal representative. B. ASSIGNMENT - This Policy shall be void as to the assignee or transferee, if assigned or transferred without written consent of the Company. This Policy can be assigned automatically without the consent of the Company to any first mortgagee of a COVERED LOCATION(S). The FIRST NAMED INSURED shall notify the Company of such assignment as soon as possible. C. BANKRUPTCY - Bankruptcy or insolvency of the INSURED or of the INSURED's estate shall not relieve the Company of any of its obligations hereunder. D. CANCELLATION This Policy may be cancelled by the . FIRST NAMED INSURED by surrender thereof to the Company or any of its authorized agents or by mailing to the Company written notice stating when thereafter the cancellation shall be effective. In the event of cancellation by the FIRST NAMED INSURED, the return premium shall be computed in accordance with the customary short rate table and procedure -after applying the minimum earned premium percentage stated in the Declarations. If a CLAIM is made, a POLLUTION CONDITION is discovered or coverage is otherwise afforded under this Policy, then the premium shall be considered fully earned by the Company and the INSURED is not entitled to a return premium upon cancellation. This Policy may be cancelled by the Company by mailing to the FIRST NAMED INSURED at the address shown in the Declarations, written notice stating when not less than ninety (90) days [ten (10) days for non-payment of premium] thereafter such cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice. The time of surrender or the effective date and hour of cancellation stated in the notice shall become the end of the POLICY PERIOD. If the Company cancels, earned premium shall be computed pro rasa. Premium adjustment may be made either at the time cancellation is affected or as soon as practicable after cancellation becomes effective, but payment or tender of unearned premium is not a condition of cancellation. This Policy may be cancelled by the Company for the following reasons: (1) Non-payment of premium, or (2) Fraud or material misrepresentation on the part of the INSURED, such as can be proven in a court of law. E. CHANGES - Notice to any agent or knowledge possessed by any agent or by any other person shall not effect a waiver or a change in any part of this Policy or estop the Company from asserting any right under the terms of this Policy; nor can the terms of this Policy be waived or changed, except by an endorsement issued by the Company to form a part of this Policy. F. CHOICE OF LAW - All matters arising hereunder, including questions related to the validity, interpretation, performance and enforcement of this Policy, shall be determined in accordance with the law and practice of the State of New York (not including New York's choice of law rules). G. CONSENT - Where the consent of the Company or the INSURED is required under this Policy, such consent shall not be unreasonably withheld, delayed, conditioned or denied. H. DECLARATIONS AND REPRESENTATIONS - By acceptance of this Policy, the INSURED agrees that the statements contained in the Declarations, the application and any other supplemental materials and information submitted in connection with the application or any amendments to the Policy during the POLICY PERIOD are the INSURED's declarations and representations, that they shall be deemed material, that this Policy is issued in reliance upon the truth of such declarations and representations and that this Policy embodies all agreements existing between the INSURED and the Company or any of its agents relating to this insurance. I. HEADINGS - The descriptions in the headings of this Policy are solely for convenience and form no part of the Policy terms and conditions. J. INSPECTION AND AUDIT - The Company shall be permitted but not obligated to inspect and monitor on a continuing basis the INSURED's property or operations and any JOB SITE and COVERED LOCATION(S), at any time. Neither the Company's right to make inspections and monitor, nor the actual undertaking thereof, nor any report thereon, shall (Page 11 of 12) PEL 30 01 (Ed. 04 08) constitute an undertaking, on behalf of the INSURED or others, to determine or warrant that property or operations are safe, healthful or conform to acceptable engineering practice or are in compliance with any law, rule or regulation. Access for the inspection and audit will be coordinated through the broker or agent of the FIRST NAMED INSURED. K. JURISDICTION AND VENUE - It is agreed that in the event of the failure of the Company to pay any amount claimed to be due hereunder, the Company and the INSURED will submit to the jurisdiction of the State of New York and will comply with all the requirements necessary to give such court jurisdiction. Nothing in this clause constitutes or should be understood to constitute a waiver of the Company's right to remove an action to a United States District Court. L. OTHER INSURANCE - Subject to Section VI., Limit of Liability and Self -Insured Retention, this insurance shall apply only in excess of the sum of the Self -Insured Retention amount stated in the Declarations and the applicable limits of any other valid and collectible insurance available to the INSURED, whether such other insurance is stated to be primary, pro rata, contributory, excess, contingent or otherwise, unless such other insurance is written only as specific excess insurance over the applicable Limits of Liability of this Policy. M. SEVERABILITY - Except with respect to the Limits of Liability, Self -Insured Retention, Exclusion 8. ("Insured vs. Insured") and any rights and duties assigned in this Policy to the FIRST NAMED INSURED, this insurance applies as if each INSURED were the only INSURED and separately to each INSURED against whom a CLAIM is made. Any misrepresentation, act or omission that is in violation of a term, duty or condition under this Policy by one INSURED shall not by itself affect coverage for another INSURED under this Policy. This Condition M. shall not apply to an INSURED who is a parent, subsidiary or affiliate of the INSURED which committed the misrepresentation, act or omission referenced above. N. SOLE AGENT - The FIRST NAMED INSURED stated in the Declarations shall act on behalf of all INSUREDS for the payment or return of premium, receipt and acceptance of any endorsement issued to form a part of this Policy, giving and receiving notice of cancellation or non -renewal, and the exercise of the rights provided under Section V. — EXTENDED REPORTING PERIOD. O. SUBROGATION — If the INSURED has rights to recover, from another person or organization, all or any part of a payment the Company makes under this Policy, those rights are transferred to the Company. The INSURED shall execute and deliver instruments and papers and do whatever else is necessary to secure such rights. The INSURED shall do nothing to prejudice such rights. Any monies recovered as a result of subrogation proceedings shall accrue first to the INSURED to the extent of any payments it made in excess of the limits of liability, then to the Company to the extent of its payment under the Policy, and then to the INSURED to the extent of its payment of the self -insured retention. Expenses incurred in such subrogation proceedings shall be apportioned amongst the INSURED and Company in the proportion that each interested party's share in the recovery bears to the total recovery. (Page 12 of 12) GREATAWRICAN Administrative Ofr1cas 580 Walnut Street INSURANCE GROUP Cincinnati, Ohio 45202 Tel: 1-513-369-5000 WIT 00 02 (Ed. 04 08) IN WITNESS WHEREOF, we have caused this policy to be executed and attested, and, if required by state law, this policy shall not be valid unless countersigned by our authorized representative. Secretary President (Page 1 of 1) CA SLN 90 00 (Ed. 04 08) GREATWpjAdministrative Offices 1�.1 /L �' 580 Walnut Street INSURANCE OROUP Cincinnati, Oh 45202 Tel: 1-513-369-5000 Policy No: PEL 8629840 00 FORMS AND ENDORSEMENTS SCHEDULE It is hereby understood and agreed the following forms and endorsements are attached to and are a part of this policy: Form and Edition Form Description PEL 30 00 04/08 PREMISES ENVIRONMENTAL LIABILITY INSURANCE DECLARATIONS PEL 30 01 04/08 PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY PEL 34 18 04/08 EXCLUSION OF TERRORISM COVERAGE PEL MANUS 03/09 UNDERGROUND STORAGE TANK SELF -INSURED RETENTION ENDORSEMENT PEL 31 30 04/08 UNDERGROUND STORAGE TANK SCHEDULE (Page 1 of 1) GREATEC�r Administrative Offices 580 Walnut Street INSURANCE GROUP Cincinnati, Oh 45202 Tel: 1-513-369-5000 ENDORSEMENT #1 This endorsement, effective 12.01 a.m., 3/23/2009, forms a part of Policy No. PEL 8629840 00 issued to CITY OF VERNON By GREAT AMERICAN E & S INSURANCE COMPANY PEL 34 18 (Ed. 04 08) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. TERRORISM COVERAGE ENDORSEMENT Pursuant to the requirements of the federal Terrorism Risk Insurance Act the INSURED has been provided notice that the INSURED may elect to purchase coverage for loss covered under this Policy arising directly or indirectly as a result of CERTIFIED ACT(s) OF TERRORISM and the premium charge for such coverage. After receiving such notice, the INSURED has elected to purchase this Policy with coverage for such CERTIFIED ACT(s) OF TERRORISM. Therefore, in consideration of the premium paid, the INSURED and the Company agree to the following Policy changes; SECTION IV. EXCLUSIONS, Hostile Acts is deleted and replaced with the following: Hostile Acts based upon or arising out of any consequence, whether direct or indirect, of declared or undeclared war, invasion, act of foreign enemy, hostilities, and whether war be declared or not, civil war, rebellion, revolution, insurrection, or military or usurped power, or in defending against any one or more of those. This exclusion does not apply to CERTIFIED ACT(s) OF TERRORISM subject to the CAP ON CERTIFIED TERRORISM LOSSES. SECTION II. DEFINITIONS is amended by the addition of the following: CERTIFIED ACT(s) OF TERRORISM means an act that is certified by the Secretary of the Treasury, in concurrence with the Secretary of State and the Attorney General of the United States, to be an act of terrorism as defined in Section 102(1) of the Terrorism Risk Insurance Act. CAP ON CERTIFIED TERRORISM LOSSES, as established in the Terrorism Risk Insurance Act, means if the aggregate insured losses attributable to CERTIFIED ACT(s) OF TERRORISM exceed $100 billion in a Program Year (defined as January 1 through December 31) and we have met our insurer deductible under the federal Terrorism Risk Insurance Act, the Company shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. All other terms and conditions remain the same. (Page 1 of 1) �i y+p //r�I�1.CA AdministrativeGREATAOffices �rq; 580 Walnut Street INSURANCE GROUP Cincinnati, Oh 45202 Tel: 1-513-369-5000 ENDORSEMENT #2 This endorsement, effective 12.01 a.m., 3/23/2009, forms apart of Policy No. PEL 8629840 00 issued to CITY OF VERNON By GREAT AMERICAN E & S INSURANCE COMPANY PEL MANUS (Ed. 03 09) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. UNDERGROUND STORAGE TANK SELF -INSURED RETENTION ENDORSEMENT This endorsement modifies insurance provided under the following: PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY The INSURED and the Company agree to the following Policy change(s): Item 3. of the Declarations, Coverages and Coverage Section Limits of Liability and Self -Insured Retention is amended by the addition of the following: Notwithstanding the forgoing, a Self -Insured Retention of $50,000 will apply to LOSS, CLEAN-UP COSTS, and LEGAL EXPENSE because of a POLLUTION CONDITION arising from or related to any UNDERGROUND STORAGE TANK scheduled onto this Policy. All other terms and conditions remain the same. (Page 1 of 1) PEL 31 30 (Ed. 04 08) Administrative Offices jj GREAT�C�JCJW 560 Walnut Street Cincinnati, Oh 45202 INSURANCE GROUP Tel: 1-513-369-5000 ENDORSEMENT #3 This endorsement, effective 12:01 a.m., 3/23/2009, forms a part of Policy No. PEL 8629840 00 issued to CITY OF VERNON By GREAT AMERICAN E & S INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. UNDERGROUND STORAGE TANK SCHEDULE This endorsement modifies insurance provided under the following: PREMISES ENVIRONMENTAL LIABILITY INSURANCE POLICY The INSURED and the Company agree to the following Policy change(s): Section I., INSURING AGREEMENTS, A. Coverage A — POLLUTION LEGAL LIABILITY and B. Coverage B — ON -SITE AND OFF -SITE CLEAN-UP COSTS apply to the UNDERGROUND STORAGE TANK(s) listed below: COVERED LOCATION UNDERGROUND STORAGE TANK CAPACITY UNDERGROUND STORAGE TANK CONTENTS 4305 Santa Fe Avenue, Vernon, CA 90058 10,000 Diesel 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline 4305 Santa Fe Avenue, Vernon, CA 90058 8,000 Unleaded Gasoline All other terms and conditions remain the same. (Page 1 of 1)