Common use of PERSONS INSURED Clause in Contracts

PERSONS INSURED. (1) Each of the following is an Insured under this insurance to the extent set forth below: if the Named Insured is designated in the declarations as an individual, the person so designated but only with respect to the conduct of a business of which he is the sole proprietor; (2) if the Named Insured is designated in the declarations as a partnership or joint venture, the partnership or joint venture so designated and any partner or member thereof but only with respect to his liability as such: (3) if the Named Insured is designated in the declarations as other than an individual, partnership or joint venture, the organization so designated and any executive officer, director or stockholder thereof while acting within the scope of his duties as such; (4) employees of the Named Insured while acting within the scope of their duties as such: (5) any person or organization while acting as real estate manager for the Named Insured. This insurance does not apply to property damage arising out of the conduct of any partnership or joint venture of which the Insured is a partner or member and which is not designated in this policy as a Named Insured.

PERSONS INSURED. (1) Each of the following is an Insured under this insurance to the extent set forth below: : 1) if the Named Insured is designated in the declarations as an individual, the person so designated but only with respect to the conduct of a business of which he is the sole proprietor; (2) if the Named Insured is designated in the declarations as a partnership or joint venture, the partnership or joint venture so designated and any partner or member thereof but only with respect to his liability as such:; (3) if the Named Insured is designated in the declarations as other than an individual, partnership or joint venture, the organization so designated and any executive officer, director or stockholder thereof while acting within the scope of his duties as such; (4) employees any person (other than an employee of the Named Insured while acting within the scope of their duties as such: (5Insured) any person or organization while acting as real estate manager for the Named Insured. This insurance does not apply to bodily injury or property damage arising out of the conduct of any partnership or joint venture of which the Insured is a partner or member and which is not designated in this policy as a Named Insured.