b. "Property damage" to property:
(1) Owned, occupied or used by you;
(2) Rented to, in the care, custody or control of, or over which physical control is being exercised for any purpose by you, any of your "employees", "volunteer workers", any partner or member (if you are a partnership or joint venture), or any member (if you are a limited liability company).

2. Any person (other than your "employee" or "volunteer worker"), or any organization while acting as your real estate manager.

3. Any person or organization having proper temporary custody of your property if you die, but only:
a. With respect to liability arising out of the maintenance or use of that property; and
b. Until your legal representative has been appointed.

4. Your legal representative if you die, but only with respect to duties as such. That representative will have all your rights and duties under this policy.

5. Any organization you newly acquire or form, other than a partnership, joint venture or limited liability company, and over which you maintain ownership or majority interest, will qualify as an "insured" if it also qualifies as an insured in "underlying insurance" and there is no other similar valid and collectible insurance available to that organization. However:
a. Coverage under this provision is afforded only until the 90th day after you acquire or form the organization or the end of the "policy period", whichever is earlier;
b. This insurance does not apply to "bodily injury" or "property damage" that occurred before you acquired or formed the organization;
c. This insurance does not apply to "personal and advertising injury" arising out of an offense committed before you acquired or formed the organization; and
d. We reserve the right to charge an additional premium if such organization qualifies as an "insured."

6. Any person, while using with your permission a covered "auto" that you own or borrow, except:
a. The owner or anyone else from whom you hire or borrow the "auto", but this exception does not apply if the "auto" is a trailer or semi-trailer connected to an "auto" you own;
b. Your "employee", if the "auto" is owned by that "employee" or a member of such "employee's" household;
c. A person using the "auto" while working in the business of selling, servicing, repairing, parking or storing "autos", unless that business is your business;
d. Any person other than your "employees", partners (if you are a partnership), members (if you are a limited liability company), for an "auto" owned by that person or by a member of that person's household; or
e. "Employees" with respect to "bodily injury" to any fellow "employee" of the "insured" arising out of and in the course of the fellow "employee's" employment or while performing duties related to the conduct of your business. However, this exception only applies if the fellow "employee" is entitled to benefits under any workers' compensation or disability benefits law or any similar law.
7. Any person or organization, if insured under "underlying insurance", provided that coverage provided by this policy for any such insured will be no broader than coverage provided by "underlying insurance".

Notwithstanding anything above, no person or organization is an "insured" with respect to the conduct of any current or past partnership, joint venture or limited liability company that is not shown as a Named

XS-29461 (04/10)
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