# Zurich Insurance Company

**(A STOCK INSURANCE COMPANY HEREIN CALLED THE COMPANY)**

**IN CONSIDERATION OF THE PAYMENT OF THE PREMIUM, IN RELIANCE UPON THE STATEMENTS IN THE DECLARATIONS MADE A PART HEREOF AND SUBJECT TO ALL OF THE TERMS OF THIS POLICY, AGREES WITH THE INSURED NAMED IN THE DECLARATIONS AS FOLLOWS:**

## EXCESS LIABILITY POLICY

### PART I - INSURING AGREEMENTS

1. **EXCESS LIABILITY INDEMNITY**

   TO INDEMNIFY THE INSURED FOR THE AMOUNT OF LOSS WHICH IS IN EXCESS OF THE APPLICABLE LIMITS OF LIABILITY OF THE UNDERLYING INSURANCE INSERTED IN COLUMN II OF ITEM 5 IN THE DECLARATIONS; PROVIDED THAT THIS POLICY SHALL APPLY ONLY TO THOSE COVERAGES FOR WHICH A LIMIT OF LIABILITY IS INSERTED IN COLUMN I; PROVIDED FURTHER THAT THE LIMIT OF THE COMPANY'S LIABILITY UNDER THIS POLICY SHALL NOT EXCEED THE APPLICABLE AMOUNT INSERTED IN COLUMN I.

   THE PROVISIONS OF THE IMMEDIATE UNDERLYING POLICY ARE INCORPORATED AS A PART OF THIS POLICY EXCEPT FOR ANY OBLIGATION TO INVESTIGATE AND DEFEND AND PAY FOR COSTS AND EXPENSES INCIDENT TO THE SAME, THE AMOUNT OF THE LIMITS OF LIABILITY, ANY "OTHER INSURANCE" PROVISION AND ANY OTHER PROVISIONS THEREIN WHICH ARE INCONSISTENT WITH THE PROVISIONS OF THIS POLICY.

   IF THE APPLICABLE COVERAGE IN THE IMMEDIATE UNDERLYING POLICY INSURES ACCIDENTS RATHER THAN OCCURRENCES, THE "ACCIDENT" IS SUBSTITUTED FOR "OCCURRENCE" IN THE APPLICABLE COVERAGE OF THIS POLICY.

2. **POLICY PERIOD: TERMINATION OF UNDERLYING INSURANCE**

   THIS POLICY APPLIES TO INJURY OR DESTRUCTION TAKING PLACE DURING THIS POLICY PERIOD, PROVIDED THAT WHEN THE IMMEDIATE UNDERLYING POLICY INSURES OCCURRENCES TAKING PLACE DURING ITS POLICY PERIOD INSTEAD OF INJURY OR DESTRUCTION TAKING PLACE DURING ITS POLICY PERIOD, THEN THIS POLICY LIKEWISE APPLIES TO OCCURRENCES TAKING PLACE DURING THIS POLICY PERIOD AND "OCCURRENCES" IS SUBSTITUTED FOR "INJURY OR DESTRUCTION" IN PART III OF THIS POLICY.