# Zurich Insurance Company Comprehensive General and Automobile Liability Policy

**PLEASE READ THIS POLICY—GIVE NOTICE OF ACCIDENT AS SOON AS PRACTICABLE**

**Named Insured:**
- **INTERNATIONAL BUSINESS MACHINES CORPORA**
  (SEE END. #1 ATTACHED)
- **590 MADISON AVE., NEW YORK CITY, N.Y.**

**Policy Period:**
- From DEC. 31, 1962 to DEC. 31, 1963

**ALL ACCIDENTS HOWEVER TRIVIAL SHOULD BE NOTIFIED IMMEDIATELY**

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**ZURICH INSURANCE COMPANY**
135 SOUTH LA SALLE STREET, CHICAGO, ILLINOIS
(A stock insurance company, herein called the company)

**Agrees with the insured, named in the declarations made a part hereof, in consideration of the payment of the premium and in reliance upon the statements in the declarations and subject to the limits of liability, exclusions, conditions and other terms of this policy:**

## INSURING AGREEMENTS

### I. Coverage A—Bodily Injury Liability
To pay on behalf of the insured all sums which the insured shall become legally obligated to pay as damages because of bodily injury, sickness or disease, including death at any time resulting therefrom, sustained by person and caused by accident.

### II. Coverage B—Property Damage Liability—Except Automobile
To pay on behalf of the insured all sums which the insured shall become legally obligated to pay as damages because of injury or destruction of property, including the loss thereof, caused by accident and arising out of the ownership, maintenance or use of any automobile.

### III. Coverage C—Property Damage Liability—Except Automobile
To pay on behalf of the insured all sums which the insured shall become legally obligated to pay as damages because of injury or destruction of property, including the loss thereof, caused by accident and arising out of the ownership, maintenance or use of any automobile.

### IV. Defense, Settlement, Supplementary Payments
With respect to such insurances as is afforded by this policy, the company shall:
(a) defend the insured against the insured alleging such injury, sickness, disease or destruction of property, for which the insured is liable, even if such suit is groundless, false or fraudulent; but the company may, after investigation, negotiation and settlement of any claim or suit as it deems expedient;
(b) (1) pay all premiums on bonds to release attachments for an amount not in excess of the applicable limit of liability of this policy, all premiums on appeal bonds required in any such defended suit, the cost of bail bonds required of the insured, the cost of any medical, accident or automobile traffic law violation during the policy period, not to exceed $100; (2) pay all expenses incurred by the company, all costs taxed against the insured in any such suit, and all interest accruing after entry of judgment until the company has paid or reimbursed the judgment court—such part of such judgment as does not exceed the limit of the company's liability thereon; (3) pay expenses incurred by the insured for such immediate medical and surgical relief to others as shall be imperative at the time of the accident;
(c) reimburse the insured for all reasonable expenses, other than loss of earnings, incurred at the company's request; and the amounts so incurred, except payments of claims and suits, are payable by the company in addition to the applicable limit of liability of this policy.

### V. Deduction of Insured
The unqualified word "insured" includes the named insured and also includes (1) under coverages A and C, except with respect to the ownership, maintenance or use of automobiles while away from premises owned, rented or leased by the named insured or the word immediately adjoining, any executive officer of the named insured or any organization acting as real estate management for the named insured, and if the named insured is a partnership, the word "insured" also includes any partner therein but only with respect to the use of a non-owned automobile under coverage A and B; (2) any person while using an owned automobile for an automobile business, any person or organization legally responsible for the use thereof, provided that actual use thereof is by the named insured or with his permission, and any executive officer of the named insured; (3) any person or organization other than the named insured doing business under coverage A and B, with respect to the use of a non-owned automobile in the business of the named insured or the insured; (4) with respect to an automobile owned or hired by the insured and not covered by like insurance with the company; (5) with respect to a trailer while used with any automobile owned or hired by the insured and not covered by like insurance in the company; (6) to any person or organization for any automobile owned or operated by the named insured, or a partner thereof, resident of the same household as the named insured, a partner thereof, or an employee of such resident or partner; (7) to any employee with respect to injury to or sickness, disease or death of another employee of the same employer injured in the course of such employment in an accident arising out of the maintenance or use of an automobile in the business of such employer; (8) with respect to any hired automobile, to the owner, or a lessee thereof other than the named insured, or to any agent or employee of such owner or lessee; (9) with respect to any non-owned automobile, to any executive officer if such automobile is owned by him or a member of the same household.

### VI. Policy Period—Territory
This policy applies only to accidents which occur during the policy period in the United States of America, its territories or possessions, or Canada. With respect to automobiles, this policy also applies to accidents which occur during the policy period while the automobile is being transported between ports thereof.