Page 203 - Liability Insurance IC74
P. 203
Guide for Liability Insurance
A. (i)an individual as sole owner of the business and
spouse.
(ii) a partnership or joint venture between insured and
partners, members and their spouses.
(iii) a limited liability company includes the company and
the managers.
(iv) any other organisation includes the organisation, its
executive officers, directors and stockholders.
B. The following only while performing the duties
related to the conduct of the business:
(i) employees other than (A) above. They are however
not insured for (1) bodily injury or personal or advertising
injury to (a)insureds in (A) above, their co- employees
or the co-employees family.(b) where there is an
obligation to share damages or repay someone else must
pay for the damages as above. (c) involved in
professional healthcare services and providing or failing
to provide services.
2. Property Damage : (a) owned, occupied or used
by, or rented to, in the care of custody or control or over
which physical control is exercised by the insureds in
(A) above or the employees. (b) persons or organisations
acting as real estate managers. (c) in the event of death
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