This exclusion applies even if the claims against any Insured allege negligence or other wrongdoing in the supervision, hiring, employment, training or monitoring of others by that Insured, if the Occurrence which caused the Bodily Injury or Property Damage involved the ownership, maintenance, use or entrustment to others of any aircraft that is owned or operated by or rented or loaned to any Insured.

This exclusion does not apply to Bodily Injury or Property Damage arising out of the ownership, maintenance use, or entrustment to others of any Industrial Aid Aircraft owned or operated by or rented or loaned to any Insured. Use includes operation and loading and unloading.

It is understood that any and all references to watercraft in Section V. EXCLUSIONS, Paragraph A. remains unchanged, unless amended by separate endorsement.

For the purpose of this endorsement only, Section VII. DEFINITIONS is amended to include the following additional definitions:

Defense Expenses means any payment allocated to a specific Loss, claim or Suit for its investigation, settlement or defense, including but not limited to:
1. attorney's fees and all other investigation, loss adjustment and litigation expenses;
2. premiums on bonds to release attachments;
3. premiums on appeal bonds required by law to appeal any claim or Suit;
4. costs taxed against the Insured in any claim or Suit;
5. pre-judgment interest awarded against the Insured; and
6. interest that accrues after entry of judgment.

Industrial Aid Aircraft means aircraft with a maximum passenger capacity of twenty (20) persons (including crew) used solely for business travel of employees and their non fee paying passenger guests.

All other terms, definitions, conditions, and exclusions of this policy remain unchanged.

**NOTICE:** THESE POLICY FORMS AND THE APPLICABLE RATES ARE EXEMPT FROM THE FILING REQUIREMENTS OF THE NEW YORK STATE INSURANCE DEPARTMENT. HOWEVER, SUCH FORMS AND RATES MUST MEET THE MINIMUM STANDARDS OF THE NEW YORK INSURANCE LAW AND REGULATIONS.