CE 24-84131510-ITB Attachment I Expiring Policy as endorsed.pdf

A STOCK COMPANY

Secretary President

INSURANCE POLICY

Coverage afforded by this policy is provided by the Company (Insurer) and named in the Declarations.

MJIL 1000 06 10 Page 1 of 1

(800) 431-1270

In Witness Whereof , the company (insurer) has caused this policy to be executed and attested and countersigned by a duly authorized representative of the company (insurer) identified in the Declarations.

MARKEL AMERICAN INSURANCE COMPANY

4521 Highwoods Parkway

Glen Allen, VA 23060

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

Attachment I Expiring Policy

MPIL 1007 01 20 Page 1 of 3

MARKEL AMERICAN INSURANCE COMPANY

PRIVACY NOTICE

U. S. Consumer Privacy Notice Rev. 1/1/2020

FACTS WHAT DOES MARKEL GROUP OF COMPANIES REFERENCED BELOW (INDIVIDUALLY OR

COLLECTIVELY REFERRED TO AS "WE", "US", OR "OUR") DO WITH YOUR PERSONAL INFORMATION?

Why? In the course of Our business relationship with you, We collect information about you that is necessary to provide you with Our products and services. We treat this information as confidential and recognize the importance of protecting it. Federal and state law gives you the right to limit some but not all sharing of your personal information. Federal and state law also requires Us to tell you how We collect, share, and protect your personal information. Please read this notice carefully to understand what We do.

What? The types of personal information We collect and share depend on the product or service you have with Us.

This information can include:

your name, mailing and email address(es), telephone number, date of birth, gender, marital or family status, identification numbers issued by government bodies or agencies (i.e.: Social Security number or FEIN, driver�s license or other license number), employment, education, occupation, or assets and income from applications and other forms from you, your employer and others;

your policy coverage, claims, premiums, and payment history from your dealings with Us, Our Affiliates, or others;

your financial history from other insurance companies, financial organizations, or consumer reporting agencies, including but not limited to payment card numbers, bank account or other financial account numbers and account details, credit history and credit scores, assets and income and other financial information, or your medical history and records.

Personal information does not include:

publicly-available information from government records;

de-identified or aggregated consumer information.

When you are no longer Our customer, We continue to share your information as described in this Notice as required by law.

How? All insurance companies need to share customers� personal information to run their everyday business. In the section below, We list the reasons financial companies can share their customers� personal information; the reasons We choose to share; and whether you can limit this sharing. We restrict access to your personal information to those individuals, such as Our employees and agents, who provide you with insurance products and services. We may disclose your personal information to Our Affiliates and Nonaffiliates (1) to process your transaction with Us, for instance, to determine eligibility for coverage, to process claims, or to prevent fraud, or (2) with your written authorization, or (3) otherwise as permitted by law. We do not disclose any of your personal information, as Our customer or former customer, except as described in this Notice.

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

MPIL 1007 01 20 Page 2 of 3

Reasons We can share your personal information Do We share?

Can you limit this sharing?

For Our everyday business purposes and as required by law � such as to process your transactions, maintain your account(s), respond to court orders and legal/regulatory investigations, to prevent fraud, or report to credit bureaus

Yes No

For Our marketing purposes � to offer Our products and services to you

Yes No

For Joint Marketing with other financial companies Yes No

For Our Affiliates� everyday business purposes � information about your transactions and experiences

Yes No

For Our Affiliates� everyday business purposes � information about your creditworthiness

No We don�t share

For Our Affiliates to market you No We don�t share

For Nonaffiliates to market you No We don�t share

Questions? Call (888) 560-4671 or email privacy@markel.com

Who We are

Who is providing this Notice? A list of Our companies is located at the end of this Notice.

What We do

How do We protect your personal information?

We maintain reasonable physical, electronic, and procedural safeguards to protect your personal information and to comply with applicable regulatory standards. For more information, visit www.markel.com/privacy-policy.

How do We collect your personal information?

We collect your personal information, for example, when you complete an application or other form for insurance perform transactions with Us, Our Affiliates, or others file an insurance claim or provide account information use your credit or debit card

We also collect your personal information from others, such as consumer reporting agencies that provide Us with information such as credit information, driving records, and claim histories.

Why can�t you limit all sharing of your personal information?

Federal law gives you the right to limit only sharing for Affiliates� everyday business purposes � information about your creditworthiness

Affiliates from using your information to market to you sharing for Nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing. See the Other Important Information section of this Notice for more on your rights under state law.

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

MPIL 1007 01 20 Page 3 of 3

Definitions

Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.

Our Affiliates include member companies of Markel Group.

Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies.

Nonaffiliates that We can share with can include financial services companies such as insurance agencies or brokers, claims adjusters, reinsurers, and auditors, state insurance officials, law enforcement, and others as permitted by law.

Joint Marketing A formal agreement between Nonaffiliated companies that together market financial products or services to you.

Our Joint Marketing providers can include entities providing a service or product that could allow Us to provide a broader selection of insurance products to you.

Other Important Information

For Residents of AZ, CT, GA, IL, ME, MA, MN, MT, NV, NJ, NC, OH, OR, and VA: Under state law, under certain circumstances you have the right to access and request correction, amendment or deletion of personal information that We have collected from or about you. To do so, contact your agent, visit www.markel.com/privacy-policy, call (888) 560-4671, or write to Markel Corporation Privacy Office, 4521 Highwoods Parkway, Glen Allen, VA 23060.

We may charge a reasonable fee to cover the costs of providing this information. We will let you know what actions We take. If you do not agree with Our actions, you may send Us a statement.

For Residents of CA: You have the right to review, make corrections, or delete your recorded personal information contained in Our files. To do so, contact your agent, visit www.markel.com/privacy-policy, call (888) 560-4671, or write to Markel Corporation Privacy Office, 4521 Highwoods Parkway, Glen Allen, VA 23060. We do not and will not sell your personal information.

For the categories of personal information We have collected from consumers within the last 12 months, please visit:

www.markel.com/privacy-policy.

For Residents of MA and ME: You may ask, in writing, for specific reason, for an adverse underwriting decision.

Markel Group of Companies Providing This Notice: City National Insurance Company, Essentia Insurance Company, Evanston Insurance Company, FirstComp Insurance Company, Independent Specialty Insurance Company, National Specialty Insurance Company, Markel Bermuda Limited, Markel American Insurance Company, Markel Global Reinsurance Company, Markel Insurance Company, Markel International Insurance Company Limited, Markel Service, Incorporated, Markel West, Inc. (d/b/a in CA as Markel West Insurance Services), Pinnacle National Insurance Company, State National Insurance Company, Inc., Superior Specialty Insurance Company, SureTec Agency Services, Inc. (d/b/a in CA as SureTec Agency Insurance Services), SureTec Indemnity Company, SureTec Insurance Company, United Specialty Insurance Company, Inc.

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

MPIL 1074 02 20 Page 1 of 1

NOTICE TO POLICYHOLDERS

CLAIM REPORTING

Please immediately report a new claim under this policy to:

newclaims@markel.com

For general claims inquiries after a claim has been reported, please email:

markelclaims@markel.com

In order for us to expedite the handling of your claim and quickly refer it to the appropriate party, please have the following information available:

Claim number (or report as new) Your name, contact information and position with the Named Insured Date of loss Policy number and insured name Details of loss

Our address and additional contact information are as follows:

Markel Claims P.O. Box 2009

Glen Allen, VA 23058-2009 Phone: 800-362-7535 (800) 3MARKEL

Fax: 855-662-7535 (855) 6MARKEL

Markel understands the importance of having knowledgeable claims professionals prepared to answer your questions with personal attention and expertise. With claims professionals located across four times zones, you are sure to find the claims assistance you need -- when you need it.

PLEASE REFER TO THE POLICY FOR ANY NOTICE AND REPORTING PROVISIONS

AND DUTIES IN THE EVENT OF LOSS OR DAMAGE TO COVERED PROPERTY.

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

IMPORTANT INFORMATION TO POLICYHOLDERS

The state of Florida requires an insurer to make a telephone number available for policy-holders to present inquiries or ob-tain information about coverage, and provide assistance in resolving complaints.

In the event you need to contact someone about this policy for any reason, please contact your agent. If you have addi-tional questions, you may contact the insurance company is-suing this policy directly at the address below:

MARKEL INSURANCE COMPANY

MARKEL AMERICAN INSURANCE COMPANY

4521 HIGHWOODS PARKWAY

GLEN ALLEN, VIRGINIA 23060-9817

(800) 431-1270

If you have been unable to contact or obtain satisfaction from the company or the agent, you may contact the:

FLORIDA DEPARTMENT OF FINANCIAL SERVICES

CONSUMER PROTECTION DIVISION

Within the state of Florida: 1-877-693-5236

Outside of the state of Florida: (850) 413-3089

Operators will provide you with additional information as to which particular office location and address to mail in your complaints/concerns.

Written correspondence is preferable so that a record of your inquiry is maintained. When contacting your agent, com-pany or Bureau of Insurance, please have your Policy Number available.

MPIL 1078-FL 09 14 Page 1 of 1

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

INTERLINE

U.S. TREASURY DEPARTMENT'S OFFICE OF FOREIGN

ASSETS CONTROL ("OFAC")

ADVISORY NOTICE TO POLICYHOLDERS

No coverage is provided by this Policyholder Notice nor can it be construed to replace any provisions of your policy. You should read your policy and review your Declarations page for complete information on the coverages you are provided.

This Notice provides information concerning possible impact on your insurance coverage due to directives issued by OFAC. Please read this Notice carefully.

The Office of Foreign Assets Control (OFAC) administers and enforces sanctions policy, based on Presidential declarations of "national emergency". OFAC has identified and listed numerous:

Foreign agents;

Front organizations;

Terrorists;

Terrorist organizations; and

Narcotics traffickers;

as "Specially Designated Nationals and Blocked Persons". This list can be located on the United States Treasury's web site � http//www.treas.gov/ofac.

In accordance with OFAC regulations, if it is determined that you or any other insured, or any person or entity claiming the benefits of this insurance has violated U.S. sanctions law or is a Specially Designated National and Blocked Person, as identified by OFAC, this insurance will be considered a blocked or frozen contract and all provisions of this insurance are immediately subject to OFAC. When an insurance policy is considered to be such a blocked or frozen contract, no payments nor premium refunds may be made without authorization from OFAC. Other limitations on the premiums and payments also apply.

MPIL 1083 04 15 Includes copyrighted material of Insurance Services Office, Inc.

with its permission.

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

Issuing Office:

INLAND MARINE POLICY DECLARATIONS

POLICY NUMBER:

POLICY PERIOD:

This Policy becomes effective and expires at 12:01 a.m. Standard Time at Your Mailing Address Shown Below.

NAMED INSURED & MAILING ADDRESS: PRODUCER NAME & MAILING ADDRESS:

IN RETURN FOR PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF THIS POLICY, WE AGREE WITH YOU TO PROVIDE THE INSURANCE AS STATED IN THIS POLICY.

THIS POLICY CONSISTS ONLY OF THE FOLLOWING DECLARATION(S) AND COVERAGE(S)

FOR WHICH A PREMIUM IS INDICATED. THIS PREMIUM MAY BE SUBJECT TO

ADJUSTMENT.

PREMIUM:

( ) Premium charge for coverage of certified acts of terrorism. $_____________ (Per Policyholder Disclosure TRIA Attached)

( ) Coverage for certified acts of terrorism has been rejected; exclusion attached.

(Per Policyholder Disclosure TRIA Attached)

State Specific Assessments/Surcharges (if applicable): $_____________

TOTAL PREMIUM PAYABLE AT INCEPTION $_____________

OTHER ENDORSEMENTS MADE A PART OF THIS POLICY AT TIME OF ISSUE:

Authorized Representative: _________________________

MADIM 1000 09 15 Page 1 of 1

MARKEL AMERICAN INSURANCE COMPANY

This policy is subject to a 25% Minimum Earned Premium.

X

Marine-Atlanta

MKLM2IM0001797

July 1, 2023 / July 1, 2024

State of Florida; Agency for Persons with Disabilities (APD)

Tallahassee FL 32311-7853

4050 Esplanade Way, Suite 360 C/O Dept of Management Services Division

Arthur J. Gallagher Risk Management Services Inc.

83333 Nortwest 53rd Street, Suite 600 Miami, FL 33166

Contractors Equipment 79,963.00

559.74

80,522.74

Date Issued: 07/26/2023

IM7020, IM7030, IM7038, IM7854, IM7868, IM7902, IM7905, MIL 1214

CL0100, CL 0160 02 16, CL 0610 01 15, CL0700_1006, IM2019_0809, IM7000, IM 7005 01 12, IM7019, ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

AAIS

CL 0100 03 99

COMMON POLICY CONDITIONS

1. Assignment -- This policy may not be assigned without "our" written consent.

2. Cancellation -- "You" may cancel this policy by returning the policy to "us" or by giving "us" written notice and stating at what future date coverage is to stop.

"We" may cancel this policy, or one or more of its parts, by written notice sent to "you" at "your" last mailing address known to "us". If notice of cancellation is mailed, proof of mailing will be sufficient proof of notice.

If "we" cancel this policy for nonpayment of premium, "we" will give "you" notice at least ten days before the cancellation is effective.

If "we" cancel this policy for any other reason, "we" will give "you" notice at least 30 days in advance of cancellation. The notice will state the time that the cancellation is to take effect.

"Your" return premium, if any, will be calculated according to "our" rules. It will be refunded to "you" with the cancellation notice or within a reasonable time. Payment or tender of the unearned premium is not a condition of cancellation.

3. Change, Modification, or Waiver of Policy Terms -- A waiver or change of the "terms" of this policy must be issued by "us" in writing to be valid.

4. Inspections -- "We" have the right, but are not obligated, to inspect "your" property and operations at any time. This inspection may be made by "us" or may be made on "our" behalf. An inspection or its resulting advice or report does not warrant that "your" property or operations are safe, healthful, or in compliance with laws, rules, or regulations. Inspections or reports are for "our" benefit only.

5. Examination of Books and Records -- "We" may examine and audit "your" books and records that relate to this policy during the policy period and within three years after the policy has expired.

CL 0100 03 99

Copyright, American Association of Insurance Services, ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

AAIS This endorsement changes CL 0160 02 16 the policy Page 1 of 5 -- PLEASE READ THIS CAREFULLY --

AMENDATORY ENDORSEMENT

FLORIDA

1. Under Common Policy Conditions, Cancellation is deleted and replaced by the following:

Cancellation

a. "You" may cancel this policy by:

1) returning the policy to "us"; or

2) giving "us" written notice and stating at what date coverage is to stop.

b. "We" may cancel this policy by delivering or mailing written notice to "you" at the address shown on the "declarations".

"Our" notice will state the specific reason(s) for cancellation. Proof of delivery or mailing is sufficient proof of notice.

c. If this policy has been in effect for 90 days or less, "we" may cancel for any reason.

1) However:

a) "We" may cancel this policy based on property insurance claims that are the result of an act of God only if "we" can show, by claims frequency or otherwise, that "you" have failed to take action reasonably necessary as requested by "us" to prevent further damage to "your" property.

b) "We" may cancel this policy based solely on a single property insurance claim that is the result of water damage only if "we" can demonstrate that "you" have failed to take action reasonably requested by "us" to prevent a future similar occurrence of damage to the insured property.

2) If "we" cancel for nonpayment of premium, "we" will give "you" notice at least 10 days before the cancellation is to be effective.

3) Except as provided in 4) below, if "we" cancel for any reason other than nonpayment of premium, "we" will give "you" notice at least 20 days before the cancellation is to be effective.

However, "we" may cancel immediately if there has been:

a) a material misstatement or misrepresentation; or

b) a failure to comply with the underwriting requirements that "we" have established.

4) If this policy is issued to cover a residential structure that has been damaged by a hurricane or windstorm that is the subject of:

a) a declaration of emergency issued by the Governor; and

b) an order filed by the Commissioner of Insurance Regulation;

"we" may not cancel this policy until at least 90 days after the residential structure has been repaired. Such property will be deemed repaired when the work is substantially completed such that the structure is insurable by another authorized insurer writing policies in Florida.

However, "we" may cancel this policy prior to the completion of repairs as follows:

a) upon 10 days' notice for nonpayment of premium; or

b) upon 45 days' notice if:

(1) there has been a material misstatement or fraud related to the claim;

Copyright, American Association of Insurance Services, Inc., 2015

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

(2) "we" have determined that "you" have unreasonably caused a delay in the repair of the residential structure;

or

(3) "we" have paid the policy "limits" applicable to the covered structure.

d. If this policy has been in effect for more than 90 days, "we" may cancel based only on one or more of the following reasons:

1) a failure to pay premium when due;

2) a material misstatement;

3) a failure to comply, within 90 days after the date of effectuation of coverage, with underwriting requirements established by "us" before the date of effectuation of coverage;

4) a substantial change in the risk covered;

5) the cancellation is for all insureds for a given class of insureds;

6) property insurance claims that are the result of an act of God, but only if "we" can show, by claims frequency or otherwise, that "you" have failed to take action reasonably necessary as requested by "us" to prevent further damage to "your" property; or

7) one or more property insurance claims that are the result of water damage, but only if "we" can demonstrate that "you" have failed to take action reasonably requested by "us" to prevent a future similar occurrence of damage to the insured property.

Notwithstanding 1) through 7) above, "we" may not cancel based on any reason prohibited by law. If this policy is issued to cover a residential structure or its contents, this includes but is not limited to credit information available in public records.

e. If this policy has been in effect for more than 90 days and:

1) "we" cancel for nonpayment of premium, "we" will give "you" notice at least 10 days before the cancellation is to be effective;

2) except as provided in 3) and f.

below, "we" cancel for one or more of the reasons provided in d.2) through d.7) above, "we" will give "you" notice at least 45 days before the cancellation is to be effective; or

3) this policy is issued to cover a residential structure or its contents, if "we" cancel for any reason other than nonpayment of premium, "we" will give "you" notice at least 120 days before the cancellation is to be effective.

f. If this policy has been in effect for more than 90 days and is issued to cover a residential structure that has been damaged by a hurricane or windstorm that is the subject of:

1) a declaration of emergency issued by the Governor; and

2) an order filed by the Commissioner of Insurance Regulation;

"we" may not cancel this policy until at least 90 days after the residential structure has been repaired. Such property will be deemed repaired when the work is substantially completed such that the structure is insurable by another authorized insurer writing policies in Florida.

However, "we" may cancel this policy prior to the completion of repairs as follows:

1) upon 10 days' notice for nonpayment of premium; or

2) upon 45 days' notice if:

a) there has been a material misstatement or fraud related to the claim;

b) "we" have determined that "you" have unreasonably caused a delay in the repair of the residential structure; or

AAIS

CL 0160 02 16

Copyright, American Association of Insurance Services, Inc., 2015

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

c) "we" have paid the policy "limits" applicable to the covered structure.

g. If this policy is:

1) issued to cover a residential structure or its contents; and

2) "we" cancel for nonpayment of premium which results from failure of the mortgagee to pay the premium when due;

"we" will reinstate the policy retroactive to the date of cancellation if the premium is received not more than 90 days after the due date. By Florida law, the mortgagee is required to reimburse "you" for any penalty or fee imposed by "us" and paid by "you" for reinstating the policy.

h. Notwithstanding c. through g. above, if this policy is issued to cover a residential structure or its contents, "we" may cancel by giving "you" notice at least 45 days before cancellation is effective if the Florida Office of Insurance Regulation finds that the cancellation of some or all of "our" policies covering residential structures or their contents is necessary to protect the best interests of the public or policyholders due to:

1) "our" financial condition;

2) the lack of adequate reinsurance coverage for hurricane risk; or

3) other relevant factors;

and the Florida Office of Insurance Regulation approves "our" plan for early cancellation of some or all of "our" policies.

i .If "you" or "we" cancel this policy, "your" return premium, if any, will be refunded within 15 business days after the effective date of cancellation unless the final policy premium is determined by audit. If the final policy premium is determined by audit, an audit will be performed and premium refunded within 90 days from the date of cancellation. If an audit cannot be completed within that time, "we" will accept audit information that "you" provide and refund any return premium within 10 business days after "we" receive the necessary audit information from "you". If "we" are unable to obtain audit information due to "your" lack of cooperation, the deposit premium will be considered fully earned. In all cases, if the return premium is $5.00 or less, "we" will not provide a refund unless "you" expressly request it. Payment or tender of unearned premium is not a condition of cancellation.

2. Under Common Policy Conditions, the following condition is added:

Nonrenewal

a. If "we" do not renew this policy, "we" will give "you" notice at the address shown on the "declarations". "Our" notice will state the specific reason(s) for nonrenewal. Proof of delivery or mailing is sufficient proof of notice.

b. "We" may nonrenew this policy for any reason.

However:

1) "We" may nonrenew this policy based on property insurance claims that are the result of an act of God only if "we" can show, by claims frequency or otherwise, that "you" have failed to take action reasonably necessary as requested by "us" to prevent further damage to "your" property.

2) "We" may nonrenew this policy based solely on a single property insurance claim that is the result of water damage only if "we" can demonstrate that "you" have failed to take action reasonably requested by "us" to prevent a future similar occurrence of damage to the insured property.

AAIS

CL 0160 02 16

Copyright, American Association of Insurance Services, Inc., 2015

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

3) "We" may nonrenew this policy based on the filing of claims for sinkhole loss only if:

a) the total of such claim payments equals or exceeds the policy "limits" of coverage for the policy in effect on the date of loss, for property damage to the covered building(s), as set forth on the "declarations"; or

b) "you" have failed to repair the structure in accordance with the engineering recommendations made pursuant to Florida law upon which any payment or policy proceeds were based.

4) "We" may not nonrenew for any reason prohibited by law. If this policy is issued to cover a residential structure or its contents, this includes but is not limited to credit information available in public records.

c. Except as provided in d. and e. below, if "we" do not renew this policy, "we" will give "you" notice at least 45 days before the nonrenewal is to be effective.

d. Except as provided in e. below, if this policy is issued to cover a residential structure or its contents, "we" will give "you" notice at least 120 days before the nonrenewal is to be effective.

However, if the Florida Office of Insurance Regulation finds that the nonrenewal of some or all of "our" policies covering residential structures or their contents is necessary to protect the best interests of the public or policyholders due to:

1) "our" financial condition;

2) the lack of adequate reinsurance coverage for hurricane risk; or

3) other relevant factors;

and the Florida Office of Insurance Regulation approves "our" plan for early nonrenewal of some or all of "our" policies, "we" will give "you" notice at least 45 days before the nonrenewal is to be effective.

e. If this policy is issued to cover a residential structure that has been damaged by a hurricane or windstorm that is the subject of:

1) a declaration of emergency issued by the Governor; and

2) an order filed by the Commissioner of Insurance Regulation;

"we" will give "you" notice at least 90 days before the nonrenewal is to be effective. The effective date of such nonrenewal will not be less than 90 days after the residential structure has been repaired. A damaged residential structure will be deemed repaired when the work is substantially completed such that the structure is insurable by another authorized insurer writing policies in Florida.

However, "we" may nonrenew this policy prior to the completion of repairs as follows:

1) upon 10 days' notice for nonpayment of premium; or

2) upon 45 days' notice if:

a) there has been a material misstatement or fraud related to the claim;

b) "we" have determined that "you" have unreasonably caused a delay in the repair of the residential structure; or

c) "we" have paid the policy "limits" applicable to the covered structure.

3. Under Common Policy Conditions, the following condition is added:

Renewal -- If "we" decide to renew this policy, "we" will give "you" written notice of the renewal premium at least 45 days prior to the renewal date.

AAIS

CL 0160 02 16

Copyright, American Association of Insurance Services, Inc., 2015

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

4. Under Common Policy Conditions, Inspections is deleted and replaced by the following:

Inspections -- "We" have the right, but are not obligated, to inspect "your" property and operations. This inspection may be made by "us" or may be made on "our" behalf. An inspection or its resulting advice or report is not an agreement that "your" property or operations are:

a. safe;

b. healthful; or

c. in compliance with laws, rules, or regulations.

Inspections or reports are for "our" benefit only.

CL 0160 02 16

AAIS

CL 0160 02 16

Copyright, American Association of Insurance Services, Inc., 2015

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

CL 0610 01 15 the policy Page 1 of 1 -- PLEASE READ THIS CAREFULLY --

CERTIFIED ACT OF TERRORISM EXCLUSION

1. The following definition is added.

"Certified act of terrorism" means an act that is certified by the Secretary of the Treasury, in consultation with the Secretary of Homeland Security, and the Attorney General of the United States:

a. to be an act of terrorism;

b. to be a violent act or an act that is dangerous to human life, property, or infrastructure;

c. to have resulted in damage:

1) within the United States; or

2) to an air carrier (as defined in section

40102 of title 49, United States Code); to a United States flag vessel (or a vessel based principally in the United States, on which United States income tax is paid and whose insurance coverage is subject to regulation in the United States), regardless of where the loss occurs;

or at the premises of any United States mission;

d. to have been committed by an individual or individuals, as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion; and

e. to have resulted in insured losses in excess of five million dollars in the aggregate, attributable to all types of insurance subject to the Terrorism Risk Insurance Act, as amended.

2. The following exclusion is added.

CERTIFIED ACT OF TERRORISM

EXCLUSION

"We" will not pay for loss or damage caused directly or indirectly by a "certified act of terrorism". Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss.

3. The following provisions are added.

a. Neither the "terms" of this endorsement nor the "terms" of any other terrorism endorsement attached to this Coverage Part provide coverage for any loss that would otherwise be excluded by this Coverage Part under:

1) exclusions that address war, military action, or nuclear hazard; or

2) any other exclusion; and

b. the absence of any other terrorism endorsement does not imply coverage for any loss that would otherwise be excluded by this Coverage Part under:

1) exclusions that address war, military action, or nuclear hazard; or

2) any other exclusion.

CL 0610 01 15

Copyright, American Association of Insurance Services, Inc., 2015

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

Copyright, American Association of Insurance Services, Inc., 2006

CL 0700 10 06 the policy Page 1 of 1 -- PLEASE READ THIS CAREFULLY --

VIRUS OR BACTERIA EXCLUSION

DEFINITIONS

Definitions Amended --

When "fungus" is a defined "term", the definition of "fungus" is amended to delete reference to a bacterium.

When "fungus or related perils" is a defined "term", the definition of "fungus or related perils" is amended to delete reference to a bacterium.

PERILS EXCLUDED

The additional exclusion set forth below applies to all coverages, coverage extensions, supplemental coverages, optional coverages, and endorsements that are provided by the policy to which this endorsement is attached, including, but not limited to, those that provide coverage for property, earnings, extra expense, or interruption by civil authority.

1. The following exclusion is added under Perils Excluded, item 1.:

Virus or Bacteria --

"We" do not pay for loss, cost, or expense caused by, resulting from, or relating to any virus, bacterium, or other microorganism that causes disease, illness, or physical distress or that is capable of causing disease, illness, or physical distress.

This exclusion applies to, but is not limited to, any loss, cost, or expense as a result of:

a. any contamination by any virus, bacterium, or other microorganism; or

b. any denial of access to property because of any virus, bacterium, or other microorganism.

2. Superseded Exclusions -- The Virus or Bacteria exclusion set forth by this endorsement supersedes the "terms" of any other exclusions referring to "pollutants" or to contamination with respect to any loss, cost, or expense caused by, resulting from, or relating to any virus, bacterium, or other microorganism that causes disease, illness, or physical distress or that is capable of causing disease, illness, or physical distress.

OTHER CONDITIONS

Other Terms Remain in Effect --

The "terms" of this endorsement, whether or not applicable to any loss, cost, or expense, cannot be construed to provide coverage for a loss, cost, or expense that would otherwise be excluded under the policy to which this endorsement is attached.

CL 0700 10 06

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

IM 2019 08 09 the policy Page 1 of 1 -- PLEASE READ THIS CAREFULLY --

AMENDATORY ENDORSEMENT

FLORIDA

1. Under Loss Payment, Your Losses is amended to include the following:

If "we" have agreed in writing to the settlement of a claim, "we" will pay for that loss within 20 days after such settlement is reached.

2. Under Other Conditions, Misrepresentation, Concealment, Or Fraud is deleted and replaced by the following:

Misrepresentation, Concealment, Or Fraud -- This coverage may be voided if, before or after a loss:

a. an insured has willfully concealed or misrepresented:

1) any material fact or circumstance concerning this insurance; or

2) an insured's interest herein if material.

This means "we" would not have issued the policy at the premium charged if "we" had known the facts "you" concealed or misrepresented.

b. there has been fraud or false swearing by an insured with respect to this insurance or the subject thereof.

3. In all coverage forms except Cold Storage Locker Coverage, Contingent Cargo Coverage, Motor Truck Cargo Legal Liability Coverage, Riggers' Legal Liability Coverage, and Warehouse Legal Liability Coverage, under Other Conditions, paragraph b. of Suit Against Us is deleted and replaced by the following:

b. the suit has been brought within five years after "you" first have knowledge of the loss.

IM 2019 08 09

Copyright, American Association of Insurance Services, Inc., 2009

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

Copyright, American Association of Insurance Services, Inc., 2004

IM 7000 04 04

CONTRACTORS' EQUIPMENT COVERAGE

AGREEMENT

In return for "your" payment of the required premium, "we" provide the coverage described herein subject to all the "terms" of the Contractors' Equipment Coverage. This coverage is also subject to the "schedule of coverages" and additional policy conditions relating to assignment or transfer of rights or duties, cancellation, changes or modifications, inspections, and examination of books and records.

Endorsements and schedules may also apply.

They are identified on the "schedule of coverages".

Refer to Definitions for words and phrases that have special meaning. These words and phrases are shown in quotation marks or bold type.

DEFINITIONS

1. The words "you" and "your" mean the persons or organizations named as the insured on the declarations.

2. The words "we", "us", and "our" mean the company providing this coverage.

3. "Contractors� equipment" means machinery, equipment, and tools of a mobile nature that "you" use in "your" contracting, installation, erection, repair, or moving operations or projects.

"Contractors� equipment" also means:

a. self-propelled vehicles designed and used primarily to carry mounted equipment; or

b. vehicles designed for highway use that are unlicensed and not operated on public roads.

4. "Equipment schedule" means a schedule of "contractors� equipment" that is attached to this policy and that describes each piece of covered equipment.

5. "Jobsite" means any location, project, or work site where "you" are in the process of construction, installation, erection, repair, or moving.

6. "Limit" means the amount of coverage that applies.

7. "Pollutant" means:

a. any solid, liquid, gaseous, thermal, or radioactive irritant or contaminant, including acids, alkalis, chemicals, fumes, smoke, soot, vapor, and waste.

Waste includes materials to be recycled, reclaimed, or reconditioned, as well as disposed of; and

b. electrical or magnetic emissions, whether visible or invisible, and sound emissions.

8. "Schedule of coverages" means:

a. all pages labeled schedule of coverages or schedules which pertain to this coverage; and

b. declarations or supplemental declarations which pertain to this coverage.

9. "Sinkhole collapse" means the sudden settlement or collapse of earth supporting the covered property into subterranean voids created by the action of water on a limestone or similar rock formation. It does not include the value of the land or the cost of filling sinkholes.

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

IM 7000 04 04

Copyright, American Association of Insurance Services, Inc., 2004

10. "Specified perils" means aircraft; civil commotion; explosion; falling objects; fire;

hail; leakage from fire extinguishing equipment; lightning; riot; "sinkhole collapse";

smoke; sonic boom; vandalism; vehicles;

"volcanic action"; water damage; weight of ice, snow, or sleet; and windstorm.

Falling objects does not include loss to:

a. personal property in the open; or

b. the interior of buildings or structures or to personal property inside buildings or structures unless the exterior of the roofs or walls are first damaged by a falling object.

Water damage means the sudden or accidental discharge or leakage of water or steam as a direct result of breaking or cracking of a part of the system or appliance containing the water or steam.

11. "Terms" means all provisions, limitations, exclusions, conditions, and definitions that apply.

12. "Volcanic action" means airborne volcanic blast or airborne shock waves; ash, dust, or particulate matter; or lava flow.

Volcanic action does not include the cost to remove ash, dust, or particulate matter that does not cause direct physical loss to the covered property.

PROPERTY COVERED

"We" cover the following property unless the property is excluded or subject to limitations.

1. Scheduled Equipment --

a. Coverage -- "We" cover direct physical loss caused by a covered peril to:

1) "your" "contractors' equipment"; and

2) "contractors' equipment" of others in "your" care, custody, or control.

b. Coverage Limitation -- "We" only cover "your" "contractors' equipment" and "contractors' equipment" of others:

1) that are described on the "equipment schedule"; and

2) when Scheduled Equipment is indicated on the "schedule of coverages".

2. Schedule On File --

a. Coverage -- "We" cover direct physical loss caused by a covered peril to:

1) "your" "contractors' equipment"; and

2) "contractors' equipment" of others in

"your" care, custody, or control.

b. Coverage Limitation -- "We" only cover "your" "contractors' equipment" and "contractors' equipment" of others:

1) that are listed in a schedule which "you" must submit to "us" and "we" keep on file, the schedule must contain a description of each item to be covered and a "limit" for each item; and

2) when Schedule on File is indicated on the "schedule of coverages".

PROPERTY NOT COVERED

1. Aircraft Or Watercraft -- "We" do not cover aircraft or watercraft.

2. Contraband -- "We" do not cover contraband or property in the course of illegal transportation or trade.

3. Leased Or Rented Property -- "We" do not cover property that "you" lease or rent to others.

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

Copyright, American Association of Insurance Services, Inc., 2004

4. Loaned Property -- "We" do not cover property that "you" loan to others.

5. Underground Mining Operations -- "We" do not cover property while stored or operated underground in connection with any mining operations.

6. Vehicles -- "We" do not cover automobiles, motor trucks, tractors, trailers, and similar conveyances designed for highway use and used for over the road transportation of people or cargo. However, this does not include:

a. self-propelled vehicles designed and used primarily to carry mounted equipment; or

b. vehicles designed for highway use that are unlicensed and not operated on public roads.

7. Waterborne Property -- "We" do not cover property while waterborne except while in transit in the custody of a carrier for hire.

COVERAGE EXTENSIONS

Provisions That Apply To Coverage Extensions -- The following Coverage Extensions indicate an applicable "limit". This "limit" may also be shown on the "schedule of coverages".

If a different "limit" is indicated on the "schedule of coverages", that "limit" will apply instead of the "limit" shown below.

However, if no "limit" is indicated for a Coverage Extension, coverage is provided up to the full "limit" for the applicable covered property unless a different "limit" is indicated on the "schedule of coverages".

Unless otherwise indicated, the coverages provided below are part of and not in addition to the applicable "limit" for coverage described under Property Covered.

The "limit" provided under a Coverage Extension cannot be combined or added to the "limit" for any other Coverage Extension or Supplemental Coverage including a Coverage Extension or Supplemental Coverage that is added to this policy by endorsement.

If coinsurance provisions are part of this policy, the following coverage extensions are not subject to and not considered in applying coinsurance conditions.

Debris Removal --

1. Coverage -- "We" pay the cost to remove the debris of covered property that is caused by a covered peril.

2. We Do Not Cover -- This coverage does not include costs to:

a. extract "pollutants" from land or water; or

b. remove, restore, or replace polluted land or water.

3. Limit -- "We" do not pay any more under this coverage than 25% of the amount "we" pay for the direct physical loss. "We" will not pay more for loss to property and debris removal combined than the "limit" for the damaged property.

4. Additional Limit -- "We" pay up to an additional $5,000 for debris removal expense when the debris removal expense exceeds 25% of the amount "we" pay for direct physical loss or when the loss to property and debris removal combined exceeds the "limit" for the damaged property.

5. You Must Report Your Expenses -- "We" do not pay any expenses unless they are reported to "us" in writing within 180 days from the date of direct physical loss to covered property.

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

Copyright, American Association of Insurance Services, Inc., 2004

SUPPLEMENTAL COVERAGES

Provisions That Apply To Supplemental Coverages -- The following Supplemental Coverages indicate an applicable "limit". This "limit" may also be shown on the "schedule of coverages".

If a different "limit" is indicated on the "schedule of coverages", that "limit" will apply instead of the "limit" shown below.

However, if no "limit" is indicated for a Supplemental Coverage, coverage is provided up to the full "limit" for the applicable covered property unless a different "limit" is indicated on the "schedule of coverages".

Unless otherwise indicated, a "limit" for a Supplemental Coverage provided below is separate from, and not part of, the applicable "limit" for coverage described under Property Covered.

The "limit" available for coverage described under a Supplemental Coverage:

a. is the only "limit" available for the described coverage; and

b. is not the sum of the "limit" indicated for a Supplemental Coverage and the "limit" for coverage described under Property Covered.

The "limit" provided under a Supplemental Coverage cannot be combined or added to the "limit" for any other Supplemental Coverage or Coverage Extension including a Supplemental Coverage or Coverage Extension that is added to this policy by endorsement.

If coinsurance provisions are part of this policy, the following supplemental coverages are not subject to and not considered in applying coinsurance conditions.

1. Employee Tools --

a. Coverage -- "We" cover direct physical loss caused by a covered peril to tools owned by "your" employees.

b. Coverage Limitation -- "We" only cover tools owned by "your" employees while at a:

1) premises that "you" own or operate;

or

2) "jobsite".

c. Limit -- The most "we" pay in any one occurrence for loss to employee tools is $5,000.

2. Equipment Leased Or Rented From Others --

a. Coverage -- "We" cover direct physical loss caused by a covered peril to "contractors' equipment" that "you" have leased or rented from others.

b. Limit -- The most "we" pay in any one occurrence for equipment leased or rented from others is $25,000.

3. Newly Purchased Property --

a. Coverage -- "We" cover direct physical loss caused by a covered peril to additional "contractors� equipment" that "you" purchase during the policy period.

b. Limit -- The most that "we" pay for any loss under this supplemental coverage is the least of the:

1) actual cash value of the covered property; or

2) "limit" for newly purchased property indicated on the "schedule of coverages". If no "limit" is indicated, then 30% of the Catastrophe Limit indicated on the "schedule of coverages" applies to this coverage.

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

Copyright, American Association of Insurance Services, Inc., 2004

c. Time Limitation -- "We" extend coverage to the additional "contractors� equipment" that "you" purchase for up to 60 days.

This supplemental coverage will end when any of the following first occur:

1) this policy expires;

2) 60 days after "you" obtain the additional "contractors� equipment";

or

3) "you" report the additional "contractors� equipment" to "us".

d. Additional Premium -- "You" must pay any additional premium due from the date "you" purchase the additional "contractors� equipment".

4. Pollutant Cleanup And Removal --

a. Coverage -- "We" pay "your" expense to extract "pollutants" from land or water if the discharge, dispersal, seepage, migration, release, or escape of the "pollutants" is caused by a covered peril that occurs during the policy period.

b. Time Limitation -- The expenses to extract "pollutants" are paid only if they are reported to "us" in writing within 180 days from the date the covered peril occurs.

c. We Do Not Cover -- "We" do not pay the cost of testing, evaluating, observing, or recording the existence, level, or effects of "pollutants".

However, "we" pay the cost of testing which is necessary for the extraction of "pollutants" from land or water.

d. Limit -- The most "we" pay for each location is $25,000 for the sum of all such expenses arising out of a covered peril occurring during each separate 12-month period of this policy.

5. Rental Reimbursement --

a. Coverage -- In the event of a direct physical loss by a covered peril to "your" "contractors� equipment", "we" reimburse "you" for "your" expense to rent similar equipment while "your" equipment is inoperable.

The deductible amount indicated on the "schedule of coverages" does not apply to a loss covered under this supplemental coverage.

b. Waiting Period -- "We" will not reimburse "you" for the rental of equipment until after the first 72-hours (unless otherwise indicated on the "schedule of coverages") following the direct physical loss to "your" "contractors� equipment" caused by a covered peril.

c. Incurred Rental Expenses -- After the waiting period has passed, "we" will only reimburse "you" for the rental expenses that "you" actually incur.

d. Coverage After Expiration Date -- "We" will continue to reimburse "you" for the rental of equipment after the expiration date of this coverage, provided the loss occurred before the expiration date.

e. Coverage Limitations -- "We" will not reimburse "you":

1) if "you" can continue or resume "your" operations with similar equipment that is available to "you" at no additional expense to "you"; or

2) for the rental expense of any equipment unless "you" make every reasonable effort to repair, replace, or rebuild the inoperable equipment after the loss by a covered peril occurs.

f. Limit -- The most "we" reimburse "you" in any one occurrence for rental expenses is $5,000.

ITB No. 24-84131510-ITB 2024-2025 Contractors Equipment Insurance

Copyright, American Association of Insurance Services, Inc., 2004

6. Spare Parts And Fuel --

a. Coverage -- "We" cover direct physical loss caused by a covered peril to:

1) spare parts and accessories for "contractors� equipment"; and

2) fluids for vehicles and "contractors� equipment"; fluids include gasoline, oil, and hydraulic fluid.

b. Limit -- The most "we" pay in any one occurrence for loss to spare parts and accessories is $5,000.

PERILS COVERED

"We" cover risks of direct physical loss unless the loss is limited…