# Document Title

## Conditions

A. Losses including attorneys' fees, court costs and interest can only be covered by the policy and all salaries of employees and office expenses of the insured company or any underlying insurer as incurred.

B. The policy shall not apply to defense, investigation, settlement, or legal expenses covered by underlying insurance.

C. Premiums stated elsewhere to the contrary, the premiums for this policy is the premium stated in Item 4 of the Declarations and the premium is subject to the terms and conditions provided in Condition A.

D. Inspection and Audit. The company shall be permitted to inspect and audit the named insured's property and operations at all times. Failure of the company's right to inspect and audit the property or operations of the named insured or others, to determine whether such property or operations are safe or healthful, or are in compliance with any laws, rules or regulations.

The company may examine and audit the named insured's books and records at any time during the policy period and extensions thereof within three years after the final termination date of the policy, as far as they relate to the subject of this insurance.

E. Severability of Insurance. The term "Insurance" is used generally and collectively except with respect to any property owned by one named insured and under the same Agreement IV - Standard Form of Policy of Liability and Accident Insurance. The inclusion of the word "Insurance" in this Condition IV - Insurance does not increase the company's total liability to the insureds covered by this policy nor the limits set forth in this Agreement IV - Insurance.

F. Duties in the Event of Occurrence. Claim - If, in the event of an occurrence, which appears reasonably likely to involve such insurance as is provided by this policy, written notice containing particulars sufficient to identify the insured and also containing information with respect to the nature and circumstances thereof, and the names and addresses of the injured person(s), witnesses, shall be given to the company or to the insured or to the company or to the insured's authorized agents as soon as practicable.

G. Action Against the Company. No action shall lie against the company with respect to any occurrence unless, as a condition precedent thereto, the insured has fully complied with all the terms of this policy, nor until the amount of the company's obligation to pay an amount of ultimate net loss in excess of the retained limit has been finally determined either by judgment against the insured after actual trial or by written agreement of the parties.