Page 44 - Barr&Barr_Cost Proposal

a. General liability insurance;
b. Professional liability or indemnity policy, design defect, indemnity or contractor rectification indemnity
policy;
c. Fire, extended coverage, builder's risk, installation risk or similar coverage;

d. Other insurance available to you covering liability for damages arising out of the premises or operations,
or the products and completed operations, for which you have been added as an additional insured in any
applicable policy or by attachment of an endorsement to such policy; or

e. Umbrella, follow form or stand-alone excess policy of any insurance set forth in Subsections a. through d.
above;
2. We will pay only our share of the amount of the Loss, if any, that exceeds the sum of:
a. The total amount that all such other insurance would pay for the loss in the absence of this insurance;
and
b. The total of all deductible and self-insured amounts under all that other insurance.
We will share the remaining Loss, if any, with any other insurance that is not described in this Other
Insurance provision and was not bought specifically to apply in excess of the Limits of Insurance shown in the
Declarations of this Policy.
3. In the event that we are required to share with other insurance on the same basis, each insurer shall
contribute equal amounts until it has paid its applicable Limit of Insurance or none of the Loss remains,
whichever comes first.
4. This insurance shall be excess over any guarantee of performance, letter of credit, or assumption of
responsibility for payment by a parent company or any affiliate of a Subcontractor.
M. PREMIUM AUDIT
1. Premium as set forth in the Declarations is an estimated premium only. At the close of each audit period we
will compute the earned premium for that period and send notice to the Sole Agent as described in
Subsection IV.Q. The due date for any audit and retrospective premiums, if applicable, is the date shown as
the due date on the bill. If the sum of the deposit, if any, and audit premiums paid for the Policy Period is
greater than the earned premium, we will return the excess to the Sole Agent. If the sum of the estimated and
audit premiums paid for the Policy Period is less than the earned premium, you must pay us the balance
owed.
2. We will audit the premium based on the amount of Contracts or Projects after they have been substantially
completed.

N. REPORTING PROVISIONS
All Subcontractors must be reported in accordance with the Subcontractor Reporting Endorsement within one
hundred twenty (120) days of the date of Contract.
In addition, for Insuring Agreement B you shall report to us Projects to which this Policy applies within one
hundred twenty (120) days of the date:
1. you receive a notice to proceed; or
2. of Project Commencement;
whichever is earlier.

Once we receive such report, a Contract may not be removed from such report by you or us unless specifically
removed by endorsement to the Policy. If you fail to report any Subcontractor or Project within this time frame,
the agreement with such Subcontractor or Project shall not be a Contract unless we agree otherwise in writing.

U-SGD-100-B CW (04/16)
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