"insured" may not seek insurance coverage for "punitive damages".

(3) "Punitive damages" will not be considered damages to which this insurance applies, and we will have no obligation with respect to such damages, if the damages are assessed against an "insured" and arise out of that "insured's" intentional, willful or wanton conduct. However, this limitation shall not apply if the award is assessed against the an "insured" and arises out of the intentional, willful or wanton conduct of an "employee" or agent of that "insured", and the "insured" had no knowledge of the "employee's" or agent's intentional, willful or wanton conduct.

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