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LIABILITY - UMBRELLA HANSON 5 0 9 /D L 1 6 5 9 9 5 10/1 /9 6 GERUNG SLP 1 COMPANY POLICY IN CONSIDERATION of the Insured named in the Schedule hereto having paid the premium set forth in the said Schedule to the Insurers who have hereunto subscribed their Names (hereinafter referred to as "the Insurers") THE INSURERS HEREBY AGREE for the proportion set forth herein to indemnify the Insured or the Insured's Executors, Administrators and Assigns against Loss as more fully set forth in the attached wording and any amendments which are endorsed hereon during the period of Insurance stated in the said Schedule or during any subsequent period as may be mutually agreed upon between the Insured and the Insurers PROVIDED that the liability of the Insurers shall not exceed the Sum Insured expressed in the said Schedule. If the Insured shall make any claim knowing the same to be false or fraudulent, as regards amount or otherwise, this Policy shall become void and all claim hereunder shall be forfeited. IN WITNESS WHEREOF X, being a representative of the Insurers and authorised by the said Insurers to sign this Policy on their behalf, have hereunto subscribed my name this 2^"?^ day of One Thousand nine hundred and ^ S.R.1. (WDG) g e r l in c -k o n z er n JOUBmq n e Om* GLD056557 0049-GLD-000056557 The Insured Date: 20th August 1996 Policy No. DL165995 THE SCHEDULE |*r*-'YVr HANSON Pic and all subsidiaries and/or associated companies Premium Sum Insured US$123,529.70 (plus US$41,176.47 in respect of Prior Acts Extension) for the 70.00% insured hereon 70,00% of: US$25,000,000 any one occurrence, but in the aggregate in respect of Products Excess of: Underlvine limits as more fullv set forth in the attached wording The Interest Insured Excess Liability Insurance (Occurrence basis) as more fully set forth in the attached wording Period of Insurance From 1st October 1995 both days inclusive To 30th September 1996 GLD056558 0049-GLD-000056558 The Insurers GERUNG-KONZERN AUgemeine Versicherungs-Aktiengesellschaft Proportion Reference Numbers 70.00% GLD056559 0049-GLD-000056559 EXCESS LIABILITY POLICY INSURING AGREEMENTS: I COVERAGE- The Company hereby agrees, subject to the limitations, terms and conditions hereinafter mentioned, to indemnify the Insured for all sums which the Insured shall be obligated to pay by reason of the liability caused by or arising out of the hazards covered by and as more fully defined in the lead underlying liability policy as more fully stated in Item 2 of the Declarations. II LIMIT OF INDEMNITY - It is expressly agreed that liability shall attach to the Company only after the Underlying Liability Insurers (as specified in Item 2 of the Declarations) have paid or have been held liable to pay the full amount of their respective ultimate net loss liability as follows: $ (as stated in Item 3 of the Declarations) ultimate net loss in respect of each occurrence, but $ (as stated in Item 4 of the Declarations) in the aggregate for each annual period during the currency of this Policy, in respect of the Products Hazard and Completed Operations Hazard and the Company shall then be liable to pay only the excess thereof up to a further $ (as stated in Item 5 of the Declarations) ultimate net loss in all in respect of each occurrence subject to a limit of $ (as stated in Item 6 of the Declarations) in the aggregate for each annual period during the currency of this Policy in respect of Products Liability Hazard and Completed Operations Hazard. GLD056560 0049-GLD-000056560 CONDITIONS: 1. PRIOR INSURANCE AND NON CUMULATION OF LIABILITY It is agreed that if any loss covered hereunder is also covered in whole or in part under any other excess policy issued to the Insured prior to the inception date hereof the limit of indemnity hereon as stated in Items 5 and 6 of the Declarations shall be reduced by any amounts due to the Insured on account of such loss under such prior insurance. 2. MAINTENANCE OF UNDERLYING LIABILITY INSURANCE This Policy is subject to the same terms, definitions, exclusions and conditions (except as regards the premium, the amount and limits of indemnity and except as otherwise provided herein) as are contained in or as may be added to the lead underlying liability policy stated in Item 2 of the Declarations prior to the happening of an occurrence for which claim is made hereunder. Provided always mat this Policy shall not apply until the Underlying Liability Insurers have paid or have been held liable to pay the full amount of their respective ultimate net loss in accordance with Insuring Agreement II. Should, however, any alteration be made in the premium for the Underlying Liability Policy/ies during the currency of this PoEcy, the Company reserves the right to adjust the premiums hereon accordingly. It is a condition of this Policy that the Underlying Liability Policy/ies shall be maintained in full effect during the currency hereof except for any reduction of the aggregate limits contained therein solely by payment of claims in respect of accidents and/or occurrences occurring during the period of this Policy, or by the operation of a clause contained in said Underlying IiabiHty Policy/ies similar to Condition 1 above. 3. ASSISTANCE AND CO-OPERATION The Company shall not be called upon to assume charge of the settlement or defense of any claim made or suit brought or proceeding instituted against the Insured but the Company shall have the nght and shall be given the opportunity to associate with the Insured or the Insured's underlying insurers, or both, in the defense and control of any claim, suit or proceeding relative to an occurrence where the claim or suit involves, or appears reasonably likely to involve the Company, in which event the Insured and the Company shall co-operate in all things in the defense of such claim, suit or proceeding. Page 2 of 5. GLD056561 0049-GLD-000056561 4. CANCELLATION This Policy may be cancelled by the Named Insured or by the Company or their representatives by mailing written notice to the other party stating when, not less than sixty (60) days thereafter, cancellation shall be effective. The mailing of notice as aforesaid by the Company or their representatives to the Named Insured at the address shown in this Policy shall be sufficient proof of notice, and the insurance under this Policy shall end on the effective date and hour of cancellation stated in the notice. Delivery of such written notice either by the Named Insured or by the Company or their representatives shall be equivalent to mailing. If this Policy shall be cancelled by the Named Insured the Company shall retain the customary short rate proportion of the premium for the period this Policy has been in force. If this Policy shall be cancelled by the Company the Company shall retain the pro rata proportion of the premium for the period this Policy has been in force. Notice of cancellation by the company shall be effective even though the Company makes no payment or tender of return premium with such notice. 5. OTHER INSURANCE If other valid and collectible insurance with any other insurer is available to the Insured covering a loss also covered by this Policy, other than insurance that is specifically stated to be in excess of this Policy, the insurance afforded by this Policy shall be in excess of and shall not contribute with such other insurance. Nothing herein shall be construed to make this Policy subject to the terms, conditions and limitations of other insurance. 6. NOTICE OF OCCURRENCE Whenever the Insured has information from which they may reasonably conclude that an occurrence covered hereunder involves injuries or damages which, in the event that the Insured should be held liable, is likely to involve this Policy, notice shall be sent as stated in Item 8 of the Declarations as soon as practicable, provided, however, that failure to give notice of any occurrence which at the time of its happening did not appear to involve this Policy, but which, at a later date would appear to give rise to claims hereunder, shall not prejudice such claims. Page 3 of 5. GLD056562 0049-GLD-000056562 ITEM I. ITEM 2. ITEM 3. ITEM 4. DECLARATIONS a) NAMED ASSURED: Hanson Pic and all Subsidiaries and/or Associated Companies b) ADDRESS OF NAMED ASSURED: I Grosvenor Place, London, SW1X7JH a) UNDERLYING POUCY NO(S): 1) 3200675894 2} W51G33 3) to be advised 4) 62/97411/D (lead liability policy) b) UNDERLYING INSURER^): 1) American Insurance Group 2) Winterthur Ins. 3) American Insurance Group 4) Gerling Konzem General Insurance Company (lead liability policy) UNDERLYING LIMITS (Insuring Agreement U): 1) US$25,000,000 Excess of: 2) US$20,000,000 Which in turn Excess of: 3) US$25,000,000 Which in turn Excess of: 4) US$5,000,000 (lead liability policy) UNDERLYING AGGREGATE LIMITS (Insuring Agreement II): 1) US$25,000,000 Excess of: 2) US$20,000,000 which in turn Excess of: 3) US$25,000,000 Which in turn Excess of: 4) US$5,000,000 Page 4 of 5. GLD056563 0049-GLD-000056563 ITEM 5. LIMIT OF INDEMNITY (Insuring Agreement II): US$25,000,000 ITEM 6. AGGREGATE LIMIT OF INDEMNITY (Insuring Agreement II): US$25,000,000 ITEM 7. POLICY PERIOD: From 1st October 1995 to 30th September 1996 both days inclusive ITEM 8. NOTICE OF OCCURRENCE (Condition 6) to: Marsh & McLennan Global Broking Ltd, The Bowring Building, Tower Place, London EC3P3BE. U.K. GLD056564 0049-GLD-000056564 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hasson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 1 Effective: Inception It is hereby understood and agreed that this Policy follows ail terms, conditions, exclusions, endorsements and extensions of the lead underlying liability Policy issued by Gerling Konzem (Policy No. 62/97411/D). Notwithstanding anything contained herein to the contraiv, it is further understood and agreed that this Policy is extended to include but shall not be limited to the following: 1) In respect of USA/Canada operations: (a) Legal Costs inclusive within the Limits of indemnity fb) Asbestos exclusion fc) Occupational Disease exclusion in respect of Peabody (d) Pollution on Time Element basis 2) In respect of the United Kingdom/Rest of the World operations: (a) this Policy shall follow the terms and conditions of the primary policy issued by the Eagle Star (b) the following clause shall apply INDUSTRIES. SEEPAGE. POLLUTION AND CONTAMINATION CLAUSE No. 3 ' fr; ' ; S...S . Ii.r i>n, .iii.c not iiixcr j in lr;ihiht> Jur ' !' - ; i fV.liU ln;ui> ,!.i. .,.. i 'In - :-c >'I j -i. `. .Iik\il> nr indirsvils ..w-cd v -,v;';>ilLi1i.m or omlai'iiii.ilMn, rf.ij. : . r!>,,i ir:. nni:i"r.ij>h I .lull no! ,ipph h> IwKluv li I'lturx or BuJiix tnjim > loss ,i |*i;.J.nuji;.- nr .L-in k ii.-:: ,.| (.myihli; propi.TK or Ins. i ii-..--ikh proportv or Josli'oxvJ. -i :n.-i. ,ik Ii s.\-;'.r;.v po])ii`!o:: -t ,-.iiu j u u il i<u iu k ,. .u-cJ h\ .i viJJcrr. tinimondai ui>J iKkvpciiaJ happcinno .inrui.: ilu- ;vrm.I ,*i tho 1 r--ur.nkc u 'i I ni. i.l anmvins;. nuMiKiii^or Lk\imimiipssvptnt;. p-'llutiuj: or vou,..uiw.iV.u; k iW.i.V;Vs s unless the .tcpjgi:. pnllurit n or entiUinii'iilMti i. s-jused h\ a Mi.Ulon. triiiiii.-n.lcJ :rij imc\pi.v'.-J h.ipp.-nim: Jiiring the period ol tills hlsiriMnct.*. i.*t Tines, jieikltics. punitive nr esempbrs diun.i^cs TIik Tltiiise sluil oin eucad lliis lusvit.io..- ns soser .ms li.il'-'r.v Minch \x-n:.d not h.n e been cnU'reil muter this Instif.mee hud ihis Clause not tven jtt.idial 22/1/70 \ M A ! ISX5 3) In respect of the Worldwide coverage: (a) Full contractual liability tb) Cross Liability tc) Property damage definition to include loss of use of tangible property (d) Tobacco health risk exclusion (e) excludes pure financial loss in respect of products liability (f) Aircraft Products and Grounding exclusion (g) Wronful termination and discrimination exclusion (B) Marine Liabilities exclusion GLD056565 0049-GLD-000056565 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hasson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 2 Effective: Inception PRIORACTS EXTENSION It is understood and agreed that this Policy is extended to indemnify the Insured against liability arising from any claim first made in writing against the Insured on or after 1st October consequent upon (a) Personal Injury (b) Properfy Damage (c) Advertising Liability )resuiting during the period from 9tb January 11986 to 1st October 1995 ) in respect of which the Insured is unable to obtain indemnity (either in whole or in part) under any previous policy Provided always that (i) the failure of the Insured to obtain indemnity under any previous policy is due solely to the application of an Occurrence Reported Basis (ii) for the purposes of this Policy all Bodily Injury and/or Property Damage to which this extension applies shall be regarded as having resulted during the Policy Period commencing 1st October 1995 regardless of the number of claims or the date on which such claims are made (iii) such claim is notified to the Company in writing immediately on receipt by the Insured (iv) the Company shall not be liable for any liability arising from any claim consequent upon any circumstances or occurrence which have/has been notified prior to the effective date of this extension under any previous policy (v) nothing contained in this extension shall increase the liability of the Company under this Policy beyond the Limits of Indemnity (vi) the following retentions apply: 9th January 1986 - 1st October 1991 US$50,000,000 any one occurrence and in the aggregate for products but always in excess of US$25,000,000 any one occurrence for General Liability, Automobile liability and Employers Liability 1st October 1991 - 1st October 1994 US$50,000,000 any one occurrence and in the aggregate for products but always in excess of US$50,000,000 any one occurrence in excess of US$5,000,000 any one occurrence for General Liability, Automobile liability and Employers Liability Page 1 of 2 GLD056566 0049-GLD-000056566 1st October 1994 - 1st October 1995 TJS$75,000,000 any one occurrence in excess of US$5,000,000 any one occurrence for General Liability, Automobile Liability and Employers Liability (vil) Limits ofIndemnity applying: 9th January 1986 - 1st October 1991 US$25,000,000 any one occurrence and in the aggregate for products 1st October 1991 - 1st October 1994 US$25,000,000 any one occurrence and in the aggregate for products 1st October 1994 - 1st October 1995 US$25,000,000 any one occurrence and in the aggregate for products WARRANTY On the effective date of this extension, the Insured warrants that after enquiry the Insured has no knowledge of any circumstances or occurrence which might give rise to a claim under this extension. DEFINITION "an Occurrence Reported Basis" means any terms or conditions of the previous policy placed by Sedgwicks with A.E.I.A. (Policy Number to be advised) Ail other terms and conditions remain unchanged. GLD056567 0049-GLD-000056567 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hanson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 3 Effective: Inception DEUTSCHE GROVE GmBh ENDORSEMENT It is hereby understood and agreed that the newly named Deutsche Grove GmBh will be included in the Liability Liability programme. All other terms and conditions remain unchanged. GLD056568 0049-GLD-000056568 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hanson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NQ. 4 Effective: Inception MAINE - WORKERS COMPENSATION/EMPLOYER'S LIABILITY It is hereby understood and agreed that the Employer's liability policy for Surburban Propane in Maine is to be included in the Underlying Schedule of Insurance of the Hanson Liability liability programme. All other terms and conditions remain unchanged. GLD056569 0049-GLD-000056569 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hanson Pic and ail Subsidiaries and/or Associated Companies ENDORSEMENT NO. 5 Effective: Inception DRYDOCK BUILDERS' ENTERPRISES JOINT VENTURE It is hereby understood and agreed that the Tidewater Construction and Kiewit Construction Joint Venture, Drydock Builder's Enterprises, is to be covered under the Hanson Excess liability programme for the construction of a drydock extension for Newport News Shipbuilding and Drydock Corporation. The cost of the project running to May 1996 is US$22,000,000. The Joint Venture is 66 2/3% Tidewater and 33 1/3% Kiewit. It is further noted and agreed that with effect from inception cover is provided for Diydock Builders' Enterprises who have been awarded another job, for the construction of HOV lanes for the Virginia Department of Transportation. This US$36,000,000 job will continue for approximately 33 months into 1998. All-other terms and conditions remain unchanged. GLD056570 0049-GLD-000056570 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hanson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO, 6 Effective: 1st March. 1996 It is hereby understood and agreed that the Insured's Subsidiary Company Suburban Propane having been sold, the insurance provided by this Policy in respect thereof is cancelled, in consideration of which there is a pro-rata return premium of US$12,259.00 due to the Insured. All other terms and conditions remain unchanged. GLD056571 0049-GLD-000056571 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hanson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 7 Effective: 1st October. I99S i) It is hereby understood and agreed that 1) and 3) of ITEM 2 of the Declarations are amended respectively to read as fouows:- 1) 3200675895 3) 32007374 ii) It is further understood and agreed that the following item (i) is added to Section 3) of Endorsement No. 1:- (i) Advertising liability iii) It is further understood and agreed that Endorsement No. 2, PRIOR ACTS EXTENSION is effective from 1st October 1995. iv) It is further understood and agreed that paragraph two of Section (vi) of Endorsement No. 2 is cancelled and replaced by the following:- 1st October 1991 - 1st October 1994 US$25,000,000 any one occurrence and in the aggregate for products but always in excess of US$50,000,000 any one occurrence in excess of US$5,000,000 any one occurrence for General liability. Automobile Liability and Employers liability v) Endorsement No. 3 shall be amended to read as follows: It is hereby understood and agreed that Deutsche Grove GmbH shall be included in the Liability program. vi) Notwithstanding Endorsement No. 5 of this Policy, it is hereby understood and agreed that the Joint Venture Drydock Builder's Enterprises is covered under the Hanson Excess Liability program for all projects without limitation, subject always to the terms, conditions, exclusions, endorsements and extensions of the lead underlying liability Policy issued by Gerling Konzem (Policy No. 62/9741 t/D). continued over GLD056572 0049-GLD-000056572 Attaching to and forming part of Policy No. 509/DL165995 Issued to: HansonPic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO, 7 (continued) vii) It is further understood and agreed that ITEM 3 of the Declarations is cancelled and replaced by the following:- ITEM3. UNDERLYING LIMITS (Insuring Agreement H): 1) US$25,000,000 I&cess of: 2) US$20,000,000 Which in turn Excess of: 3) US$25,000,000 Which in tom Excess of: 4) US$5,000,000 (lead liability policy) which in turn excess of Underlying Insurances as per the attached Schedule. viii) Endorsement No. 4 is cancelled in its entirety and replaced by the following: MAINE - WORKERS COMPENSATION/EMPLOYER'S LIABILITY It is hereby understood and agreed that the Employer's Liability policy for Quantum Chemicals in Maine is to be included in the Underlying Schedule of Insurance of the Hanson Liability program. All other terms and conditions remain, unchanged. GERLING-KONZERN GLD056573 0049-GLD-000056573 ATTACHMENT I SCHEDULE OF UNDERLYING INSURANCES Period of Insurance: 1st October 1995/30th September ] 996 COVER INSURER REST OF WORLD PRIMARY POLICIES TERM LIMIT OF tNDEMNITV Public and Products Liability (including D1C/DIL for overseas territories HXPb Eagle Star Insurance Group Public and Products Liability (SCM 100% Switzerland Genera] Insurance Chemicals - Australia) Company 01/10/95*30/09.96 01/10-95 * 30/09196 1.000.000 any one occurrence, in aggregate for Products Liability A55.000.QQO each occurrence and in aggregate LSA/CA-NADA PRIMARY POLICIES 1) HANSON INDISTR1ES - Domestic USA and Canada Employers Liability (a) CIGNA 01/10/95-01/10/96 S2.000.000 each accident S2.000.000 disease policy limit S2.000.000 disease each employee Employers'Liability <b> MEM1C Comprehensive General Liability CIGNA Products/Completed Operations CIGNA Automobile Liability CIGNA II) Beazcr West Inc Employers' Liability-Excess Workmen's Compensation Pol NO OS XC 223 SCA Aetna Casualty & Surety Ul) PEABODY HOLDING CO Employers Liability Pol No OBCO1559202 1 Old Republic a Peabody b Lee Ranch Coal Employers Liability P.il \.OBCO1550702 2 Old Republic IV) TIDEWATER CONSTRICTION CORPORATION Commercial General Lrahrtixv Pol No Liberty Mutual RGt-65l-OW523-0'5 Employers' Liability Pol \<>s WC2-65I- 004723*035-063 and Wc:*o51-004502* 13S Liberty Mutual Automottle Liability Pul Nos ASl-651* 00*723*135/665 and AM *\M <004502125 Liberty .Mutual Owners and Comracfr' Liability Pol No LX1-65I-O04723-55? Liberty Mutual 62900100/D Page i ::-2 01.1095-01/10,96 01 10/95 *01/10/96 01.-10r95-0l.T0/96 0l'10.95*0i;i0.`96 SI.000.000each accident S 1.000.000 disease policy limit 2.000.000 disease each employee 53.000,000 per occurrence indemnity only (no aggregate) 55.000.000 per occurrence indemnity only (no aggregate) 52.000.000 per occurrence CSL indemnity only 01/8/95 *01/8/96 51.000.000 each accident 51.000.000 disease policy limit 31.000.000 disease each employee 01/J095 - 01-10/96 51.000.000 each accident SI .000.000 disease policy lima 51.000.000 disease eaeh employee ul'JO 95*01 1096 51.000.000 each accident SI .000.000 disease policy limu SI .000.000 disease each employee >13 95-01.396 1 3 Q5-0I 396 .`I-3 9J-0I 3-96 52.000.000 per occurrence 5100.000 deductible 51.000.000 each accident 51.000.000disease policy limit 51.000.000disease each employe: 5250.000 SIR per claim 52.000.000 per occurrence ;l 3 95 *01,3.96 S2.000.000 per occurrence HansoBjPLC , / & ;.tM GLD056574 0049-GLD-000056574 Umbrella liability Pol So RT1-6510G4723-WS Watercraft Liability Liberty Mutual Arkwright. I'tiea Mutual. Reliance V) GIFFORD-HILL AMERICAN. INC General Liability Pol No CRR338S92 Commercial Union Insurance Co Automobile Liabilir* Pol Nos AR&4630Q2 and CRR4630C l Excess Liability Pol No CRD23356 Commercial Union Insurance Co Commercial Union Insurance Co Employers' Liability PolNoWA2-19Q089731-015 Liberty Mutual VI) DEUTSCHE GROVE (GmbH. Wllbelmsbavenj Pnblie/Products Liability Environmental Liability HOI Essen HD1 Essen VII) DRYBOCK WILDERS ENTERPRISES A Joint Venture Employers'Liability Pel No WCl-651004116-041 Liberty Mutual General Liability Pol No RGi-651CC415 6-024 Liberty Mutual Automobile Liability Pot N AS2-6SS004116-034 Umbrella Liability Pol N> RT1-651004(18-04-1 VIII) MELSON INC Commercial General Liability Pbl No GLRU9904J& Liberty Mutual Liberty Mutual US Fire Insurance Co Automobile Liability Pol No BAU990713 Employers' Liability Pol s.. WCL'990063 Zurich Insurance Co Zurich Insurance Co L'mbietfe Liability Pci N,> 453023915 US Fire Insurance Co 01/3/95-01/3/96 01/3/95-01.3/96 58.000.000 per occurrence $40,000,000 excess of S10.000.000 excess of underlying amounts 0U1/95-01/1/96 01/1/95- 01/1/96 01/1/95 - GJ/1/96 01/1/95-01/1/96 Sl.MO.DDOper occurrence S2.000.000 general aggregate S2.00C.000 ptoducts/complned operations aggregate S1.000.000 advertising injury $1,000,000 combined single limit S4.000.000 per occurrence S4.000.000 general aggregate S4.000.000 products/eontpleled operations aggregate S500.000 per occurrence 01/9/95-01.9/96 019/95-01/9/96 DM 10.000.000 DM20.000.000 02/11/94-01/5/96 01-11/94 - 02/596 i/2/l 1/94 - 03/5/96 U2 11/94-01/5/96 SSGO.OGO each accident 5300.000 disease - policy limit 5500.000 disease - each employee 32.000.000 each occurrence 32.000.000 general aggregate 32.000.000 completed operations aggregate 52.000.000 each accident 58.000.000 excess of primaries 10/9/95-01/4/96 10.9/95 - 01/4/96 l0-9'95 -0t;4/96 10.9/95- 01 '4 96 S t .000.000 each occurrence 52.000.000 Producis/Complcted Operations aggregate 55.000.000 general aggregate 51.000.000 each occurrence 51.000.000 each accident 51.000.000 Disease Policy Limn S i .000.000 disease each employ ee S 10.000.000 each occurrence SIO.COu.COC general aggregate SIO.COO.OOC ProAitts-'Ccwpleted Operations aggregate &2/900100.-D Page 2 of; Hanson PLp, I V- 2* <n GLD056575 0049-GLD-000056575 COMPANY POLICY IN CONSIDERATION of the Insured named in the Schedule hereto having paid the premium set forth in the said Schedule to the Insurers who have hereunto subscribed their Names (hereinafter referred to as "the Insurers") THE INSURERS HEREBY AGREE for the proportion set forth herein to indemnify the Insured or the Insured's Executors, Administrators and Assigns against Loss as more fully set forth in the attached wording and any amendments which are endorsed hereon during the period of Insurance stated in the said Schedule or during any subsequent period as may be mutually agreed upon between the Insured and the Insurers PROVIDED that the liability of the Insurers shall not exceed the Sum Insured expressed in the said Schedule. If the Insured shall make any claim knowing the same to be false or fraudulent, as regards amount or otherwise, this Policy shall become void and all claim hereunder shall be forfeited. IN WITNESS WHEREOF I, being a representative of the Insurers and authorised by the said Insurers to sign this Policy on their behalf, have hereunto subscribed my name this 2/? ^ day of One Thousand nine hundred and S.R.I. (WDG) GLD056576 0049-GLD-000056576 The Insufed OUK Date: 20th August 1996 Policy No. DL165995 THE SCHEDULE HANSON Pic and all subsidiaries and/or associated companies Premium Sum Insured US$123,529.70 (plus US$41,176.47 in respect of Prior Acts Extension) for the 70.00% insured hereon 70.00% of: US$25,000,000 any one occurrence, but in the aggregate in respect of Products Excess of: Underlvine Limits as more fullv set forth in the attached wording The Interest Insured Excess liability Insurance (Occurrence basis) as more fully set forth in the attached wording Period of Insurance From 1st October 1995 both days inclusive To 30th September 1996 GLD056577 0049-GLD-000056577 The Insurers GERLING-KONZERN Allgemeine Versichenings-Aktiengesellschaft Proportion Reference Numbers GLD056578 0049-GLD-000056578 EXCESS LIABILITY POLICY INSURING AGREEMENTS: I COVERAGE- The Company hereby agrees, subject to the limitations, terms and conditions hereinafter mentioned, to indemnify the Insured for all sums which the Insured shall be obligated to pay by reason of the liability caused by or arising out of the hazards covered by and as more fully defined in the lead underlying liability polity as more fully stated in Item 2 of the Declarations. II LIMIT OF INDEMNITY - It is expressly agreed that liability shall attach to the Company only after the Underling Liability Insurers (as specified in Item 2 of the Declarations) have paid or have been held Uable to pay the hill amount of their respective ultimate net loss liability as follows: $ (as stated in Item 3 of die Declarations) ultimate net loss in respect of each occurrence, but $ (as stated in Item 4 of the Declarations) in the aggregate for each annual period during the currency of this Policy, in respect of the Products Hazard and Completed Operations Hazard and the Company shall then be liable to pay only the excess thereof up to a further $ (as stated in Item 5 of the Declarations) ultimate net loss in all in respect of each occurrence subject to a limit of $ (as stated in Item 6 of the Declarations) in the aggregate for each annual period during the currency of this Polity in respect of Products Liability Hazard and Completed Operations Hazard. -rrfyjnj u. *i -- GLD056579 0049-GLD-000056579 CONDITIONS: 1. PRIOR INSURANCE AND NON CUMULATION OF LIABILITY It is agreed that if any loss covered hereunder is also covered in whole or in part under any other excess polio/ issued to the Insured prior to the inception date hereof the limit of indemnity hereon as stated in Items 5 and 6 of the Declarations shall be reduced by any amounts due to the Insured on account of such loss under such prior insurance. 2. MAINTENANCE OF UNDERLYING LIABILITY INSURANCE - This Policy is subject to the same terms, definitions, exclusions and conditions (except as regards the premium, the amount and limits of indemnity and except as otherwise provided herein) as are contained in or as may be added to the lead underlying liability policy stated in Item 2 of the Declarations prior to the happening of an occurrence for which claim is made hereunder. Provided always mat this Policy shall not apply until the Underlying Liability Insurers have paid or have been held liable to pay the full amount of their respective ultimate net loss in accordance with Insuring Agreement II. Should, however, any alteration be made in the premium for the Underlying liability Policy/ies during the currency of this Policy, the Company reserves the right to adjust the premiums hereon accordingly. It is a condition^ of this Policy that the Underlying Liability Policy/ies shall be maintained in full effect during the currency hereof except for any reduction of the aggregate limits contained therein solely by payment of claims in respect of accidents and/or occurrences occurring during die period of this Policy, or by the operation of a clause contained in said Underlying Liability Policy/ies similar to Condition 1 above. 3. ASSISTANCE AND CO-OPERATION The Company shall not be called upon to assume charge of the settlement or defense of any claim made or suit brought or proceeding instituted against the Insured but the Company shall have the right ana shall be given the opportunity to associate with the Insured or the Insured's underlying insurers, or both, in the defense and control of any claim, suit or proceeding relative to an occurrence where the claim or suit involves, or appears reasonably likely to involve the Company, in which event the Insured and the Company shall co-operate in all things in the defense of such claim, suit or proceeding. Page 2 of 5. GLD056580 0049-GLD-000056580 4. CANCELLATION- This Policy may be cancelled by the Named Insured or by the Company or their representatives by mailing written notice to the other party stating when, not less than sixty (60) days thereafter, cancellation shall be effective. The mailing of notice as aforesaid by the Company or their representatives to the Named Insured at the address shown in this Policy shall be sufficient proof of notice, and the insurance under this Policy shall end on the effective date and hour of cancellation, stated in the notice. Delivery of such written notice either by the Named Insured or by the Company or their representatives shall be equivalent to mailing. ' If this Policy shall be cancelled by the Named Insured the Company shall retain the customary short rate proportion of the premium for the period this Policy has been in force. If this Policy shall be cancelled by the Company the Company shall retain the pro rata proportion of the premium for the period this Policy has been in force. Notice of cancellation by the Company shall be effective even though the Company makes no payment or tender of return premium with such notice. 5. OTHER INSURANCE - If other valid and collectible insurance with any other insurer is available to the Insured covering a loss also covered by this Policy, other than insurance that is specifically stated to be in excess of this Policy, the insurance afforded by this Policy snail be in excess of and shall not contribute with such other insurance. Nothing herein shall be construed to make this Policy subject to the terms, conditions and limitations of other insurance. 6. NOTICE OF OCCURRENCE - Whenever the Insured has information from which they may reasonably conclude that an occurrence covered hereunder involves injuries or damages which, in the event that the Insured should be held liable, is likely to involve this Policy, notice shall be sent as stated in Item 8 of the Declarations as soon as practicable, provided, however, that failure to give notice of any occurrence which at the time of its happening did not appear to involve this Policy, but which, at a later date would appear to give rise to claims hereunder, shall not prejudice such claims. Page 3 of 5. GLD056581 0049-GLD-000056581 ITEM 1. ITEM 2. ITEM 3. ITEM 4. DECLARATIONS a) NAMED ASSURED: Hanson Pic and all Subsidiaries and/or Associated Companies b) ADDRESS OF NAMED ASSURED: 1 Grosvenor Place, London, SW1X7JH a) UNDERLYING POLICY NO(S): 1) 3200675894 2) W51033 3) to be advised 4) 62/97411/D (lead liability policy) b) UNDERLYING INSURER(S): 1) American Insurance Group 21 Winterthur Ins. 3) American Insurance Group 4) Gerling Konzem Generallnsurance Company (lead liability policy) UNDERLYING OMITS (Insuring Agreement II): 1) US$25,000,000 Excess of: 2) US$20,000,000 Which in turn Excess of: 3) , US$25,000,000 Which in turn Excess of: 4) US$5,000,000 (lead liability policy) UNDERLYING AGGREGATE LIMTTS (Insuring Agreement II): 1) US$25,000,000 Excess of: 2) US$20,000,000 Which in turn Excess of: 3) US$25,000,000 Which in turn Excess of: 4) US$5,000,000 Page 4 of 5. GLD056582 0049-GLD-000056582 ITEM 5. LIMIT OF INDEMNITY (Insuring Agreement II): US$25,000,000 ITEM 6. AGGREGATE LIMIT OF INDEMNITY (Insuring Agreement II): US$25,000,000 ITEM 7. POLICY PERIOD: From 1st October 1995 to 30th September 1996 both days inclusive ITEM 8. NOTICE OF OCCURRENCE (Condition 6) to: Marsh & McLennan Global Broking Ltd, The Bowring Budding, Tower Place, London EC3P 3BE. U.K. GLD056583 0049-GLD-000056583 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hanson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 1 Effective: Inception It is hereby understood and agreed that this Policy follows all terms, conditions, exclusions, endorsements and extensions of the lead underlying liability Policy issued by Gerling Konzem (Policy No. 62/97411/D). Notwithstanding anything contained herein to the contrary, it is further understood and agreed that this Policy is extended to include but shall not be limited to the following: 1) In respect of USA/Canada operations: (a) Legal Costs inclusive within the Limits of Imdemnity (b) Asbestos exclusion (c) Occupational Disease exclusion in respect of Peabody (d) Pollution on Time Element basis 2) In respect of the United Kingdom/Rest of the World operations: (a) this Policy shall follow the terms and conditions of the primary policy issued by the Eagle Star (b) the following clause shall apply INDUSTRIES. SEEPAGE. POLLUTION AND CONTAMINATION CLAUSE No. 3 ' /n l >ui' ' M.ifii I I in- IiMii.uK'c h im vuvcr liny liahiliiy lor: ! I'-.- !. .,a lU-.ltlv lll.iiify nr lint .il. .I.i.n.ij. . - : a-- ..I pr.j'c.'o.. .iiu\lly nr ualin.vtlv .atiscd l>\ sccp.i;:,'. I'nllillioii amUimiruillon. pro'.ki.s' lli.il tin- |)ai:i"l.ipli ' I .lull not apply lo liahiliiy (or IVrs.'iul Injury nt Bodily Injury nr Inst nl >i j>liys,t.t| ..l.iiiugc :>i iIl 's IOi.Iu t , of fungible property. nr low .'I m*..* >( .uih property damtigoJ or Jes|ri>yed. where -us'll -e.'p.igo. pollution t coittauiinalioit is caused H\ i sudden. unintended and unexpected happettme during die |vrto-l nl this Irt-urnnce. (-i 1 he uni ol'return mg. nullifying of eleaniag-tip seeping, pnlltiline orenmaminalinn Mihslanees unless Ihe seepage, polltnii n nr enmamimilinn is caused h\ a Midden. umnier'JcJ .mj unexpected happening during the period uf this Insurance. i.-p Pines, penalties, punitive nr exemplary Jinnate- t This Clause -Itiill not extend this Insurance to oner any liability which would not luue been covered under this. insurance hud this Clause not been tiiinchcd 22/1/70 s.M.A. IhW 3) In respect of the Worldwide coverage: (a) Full contractual liability b) Cross Liability (c) Property damage definition to include loss of use of tangible property (d) Tobacco health risk exclusion (e) excludes pure financial loss in respect of products liability (f) Aircraft Products and Grounding exclusion (g) Wronful termination and discrimination exclusion (h) Marine Liabilities exclusion GLD056584 0049-GLD-000056584 Attaching to and forming part of Policy No. 509/DL16S995 Issued to: Hanson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 2 Effective: Inception PRIOR ACTS EXTENSION It is understood and agreed that this Policy is extended to indemnity the Insured against liability arising from any claim first made in writing against the Insured on or after 1st October consequent upon (a) Personal Injury (b) Property Damage (c) Advertising liability Resulting during the period from 9th January )1986 to 1st October 1995 ) in respect of which the Insured is unable to obtain indemnity (either in whole or in part) under any previous policy Provided always that (0 the failure of the Insured to obtain indemnity under any previous policy is due solely to the application of an Occurrence Reported Basis (ii) for the purposes of this Policy ail Bodily Injury and/or Property Damage to which this extension applies shall be regarded as having resulted during the Policy Period commencing 1st October 1995 regardless of the number of daims or the date on which such claims are made (iii) such daim is notified to the Company in writing immediately on receipt by the Insured (iv) the Company shall not be liable for any liability arising from any claim consequent upon any circumstances or occurrence which nave/has been notified prior to the effective date of this extension under any previous policy (v) nothing contained In this extension shall increase the liability of the Company under this Policy beyond the limits of Indemnity (vi) the following retentions apply: 9th January 1986 - 1st October 1991 US$50,000,000 any one occurrence and in the aggregate for products but always in excess of US$25,000,000 any one occurrence for General Liability, Automobile Liability and Employers Liability 1st October 1991 - 1st October 1994 US$50,000,000 any one occurrence and in the aggregate for products but always in excess of US$50,000,OOu any one occurrence in excess of US$5,000,000 any one occurrence for General Liability, Automobile Liability and Employers Liability Page 1 of2 GIiD056585 0049-GLD-000056585 1st October 1994 - 1st October 1995 US$75,000,000 any one occurrence in excess of US$5,000,000 any one occurrence for General Liability, Automobile Liability and Employers Liability (vii) Limits of Indemnity applying: 9th January 1986 - 1st October 1991 US$25,000,000 any one occurrence and in the aggregate for products 1st October 1991 - 1st October 1994 US$25,000,000 any one occurrence and in the aggregate for products 1st October 1994 - 1st October 1995 US$25,000,000 any one occurrence and in the aggregate for products WARRANTY On the effective date of this extension, the Insured warrants that after enquiry the Insured has no knowledge of any circumstances or occurrence which might give rise to a claim under this extension. DEFINITION "an Occurrence Reported Basis" means any terms or conditions of the previous policy placed by Sedgwicks with A.E.LA. (Policy Number to be advised) Ail other terms and conditions remain unchanged. GLD056586 0049-GLD-000056586 Attaching to and forming part of Policy No. 509/DL165995 Issued to: HansonPic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 3 Effective: Inception DEUTSCHE GROVE GmBh ENDORSEMENT It is hereby understood and agreed that the newly named Deutsche Grove GmBh will be included in the Liability Liability programme. All other terms and conditions remain unchanged. GLD056587 0049-GLD-000056587 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hanson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 4 Effective: Inception MAINE - WORKERS COMPENSATION/EMPLOYER'S LIABILITY It is hereby understood and agreed that the Employer's Liability policy for Surburban Propane in Maine is to be included in the Underlying Schedule of Insurance of the Hanson liability liability programme. All other terms and conditions remain unchanged. GLD056588 0049-GLD-000056588 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hanson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 5 Effective: Inception DRYDOCK BUILDERS' ENTERPRISES JOINT VENTURE It is hereby understood and agreed that the Tidewater Construction and Kiewit Construction Joint Venture, Drydock Builder's Enterprises, is to be covered under the Hanson Excess Liability programme for the construction of a drydock extension for Newport News Shipbuilding and Drydock Corporation. The cost of the project running to May 1996 is US$22,000,000. The Joint Venture is 66 2/3% Tidewater ana 33 1/3% Kiewit. It is further noted and agreed that with effect from inception cover is provided for Drydock Builders ` Enterprises who have been awarded another job, for the construction of HOv lanes for the Virginia Department of Transportation. This US$36,000,000 job will continue for approximately 33 months into 1998. All other terms and conditions remain unchanged. 6IiD056589 0049-GLD-000056589 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hanson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 6 Effective: 1st March, 1996 It is hereby understood and agreed that the Insured's Subsidiary Company Suburban Propane having been sold, the insurance provided by this Policy in respect thereof is cancelled, in consideration ofwhich there is a pro-rata return premium of USS12,259.00 due to the Insured. All other terms and conditions remain unchanged. GLD056590 0049-GLD-000056590 Attaching to and forming part of Polity No. 509/DL165995 Issued to: Hanson Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 7 Effective: 1st October. 1995 i) It is hereby understood and agreed that 1) and 3) of ITEM 2 of the Declarations are amended respectively to read as foilows:- 1) 32G0675895 3) 32007374 ii) It is further understood and agreed that the following item (i) is added to Section 3) of Endorsement No. 1:- (i) Advertising liability iii) It is further understood and agreed that Endorsement No. 2, PRIOR ACTS EXTENSION is effective from 1st October 1995. iv) It is further understood and agreed that paragraph two of Section (vi) of Endorsement No. 2 is cancelled and replaced by the following:- lst October 1991 - 1st October 1994 US$25,000,000 any one occurrence and in the aggregate for products but always in excess of US$50,000,000 any one occurrence in excess of US$5,000,000 any one occurrence for General Liability, Automobile Liability and Employers Liability v) Endorsement No. 3 shall be amended to read as follows: It is hereby understood and agreed that Deutsche Grove GmbH shall be included in die Liability program. vi) Notwithstanding Endorsement No. 5 of this Policy, it is hereby understood and agreed that the Joint Venture Drydock Builder's Enterprises is covered under the Hanson Excess Liability program for all projects without limitation, subject always to the terms, conditions, exclusions, endorsements and extensions of the lead underlying liability Policy issued by Gerling Konzern (Policy No. 62/97411/D). continued over GLD056591 0049-GLD-000056591 Attaching to and forming part of Policy No. 509/DL165995 Issued to: Hanson. Pic and all Subsidiaries and/or Associated Companies ENDORSEMENT NO. 7 (continued) vii) It is further understood and agreed that HEM 3 of the Declarations is cancelled and replaced by the following:- HEM 3. UNDERLYING LIMITS (Insuring Agreement H): 1) US$25,000,000 T?v/*Ace a P* 2) US$20,000,000 Which in turn Excess of: 3) US$25,000,000 Which in turn Excess of: 4) US$5,000,000 (lead liability policy) which in turn excess of Underlying Insurances as per the attached Schedule. viii) Endorsement No. 4 is cancelled in its entirety and replaced by the following: MAINE - WORKERS COMPENSATION/EMPLOYER'S LIABILITY It is hereby understood and agreed that the Employer's Liability poli<y for Quantum Chemicals in Maine is to be included in the Underlying Schedule of Insurance of the Hanson Liability program. All other terms and conditions remain unchanged. GERLING-KONZERN AU.GU?M VErtStCHfRUWGSMntWjESeuSCMMT GLD056592 0049-GLD-000056592 ATTACHMENT 1 SCHEDULE OF UNDERLYING INSURANCES Period of Insurance: 1st October 1995/30th September 1996 COVER INSURER REST OF WORLD PRIMARY POLICIES TERM LIMIT OF in d e mn it y Public and Products Liability (including D1C/DIL (brovetseas territories 100% Eagle Star Insurance Group Public and Products Liability (SCM 100% Switzerland General Insurance Chemicals - Australia 1 Company 01/10/9$-30/09/96 01/1095 - 30/09/96 1.000.000 any one occurrence, in aggregate for Products Liability AS5.000.000 each occurrence and in aggregate ISA/CANADA PRIMARY POLICIES l) HANSON LNDl STRIES - Domestie ISA and Canada Employers Liability (at CIGNA 01/10/95-01/10/96 S2.000.000 each accident S2.000.000 disease policy limit S2.000.000 disease each employee Employers' Liability <M MEMIC Comprehensive General Liability CIGNA Products/Completed Operations CIGNA Automobile Liability CIGNA II) Beazcr West Inc Employers* Liability `Excess Workmen's Compensation Pol NO OS NC 223 SCA Aetna Casualty & Surety III) PEABODY HOLDING CO Employers Liability Pol No OBCO1559202 1 Old Republic a Peabody b Lee Ranch Coal Emplovecs Liability Pol No OBCOI550702 2 Old Republic IV) TIDEWATER CONSTRI CTION CORPORATION Commercial General liability Pot No Liberty Mutual RGl-651-004723-0"? Employers' liability Pot V>> WC2-6S1004723-035/065 and \VC:-bSI-OM502135 liberty Mutual Automobile Liabiiirv Pol V>s AS 1-651004723-135/665 and *si-/>5l-004JC2125 Liberty Mutual Owners and Comracti>r> l.i.ibiliry Pol No 1X1-651-004723-55$ Liberty Mutual 61-900100/D Page l OI/IOftS-Ol/IOM 01 10/95-01/10/96 01/10/95 -01/10/96 01'10/95-01/10/96 51.000.000each accident 51.000.000 disease policy limit 2.000.000 disease each employee S3.000.000 per occurrence indemnity only (no aggregate; S5.000.CO0 per occurrence indemnity only (no aggregate; S2.000.000 per occurrence CSL indemnity only 01/8/95 - 01/8/96 51.000.000 each accident 51.000.000 disease policy limit S1.000.000 disease each employee 01/I0-95-01/10/96 51.000.000 each accident 51.000.000 disease policy- limit $1.000.000 disease each employee Jl-MO 9? -01. ta-96 Sl.000.000 each accident Sl.000.000 disease policy limit Sl.000.000 disease eaeh employ ee VI'3 95-0l.7-'96 1 3 5-01 3.96 vl-3 95-01-3.96 52.000.000 per occurrence S100.000 deductible 51.000.000 each accident 51.000.000 disease policy limit 51.000.000 disease each emploies $250,000 SIR per claim S2.000.000 per occurrence /I 395-01.3.-96 S2.000.000 per occurrence Hamun^LC -bl-lsJ GLD056593 0049-GLD-000056593 Umbrella Liability Pul No RTI-65I004723-695 Watercraft Liability Libcny Mutual Arkwright. Utica Mutual. Reliance V) CIFFORO-HILL AMERICAN. INC General Liability Pot No L RR338592 Commercial Union Insurance Co Automobile Liability Pol Nos ARR463002 and CRR46300! Excess Liability Pol NoCRD233S6 Commercial Union Insurance Co Commercial Union Insurance Co Eraployeit' Liability- Pol No WA2-190* 089731-015 Liberty Mutual VI) DEUTSCHE GROVE (GmbH. Wilhtlresbavea) Public/Products Liability HD1 Essen Environmental Liability HOI Essen VI!) DRYDOCK BUILDERS ENTERPRISES A Joint Venture Employers' Liability Pol No WCI-651004116-041 Liberty Mutual General Liability Pol No RG1 -651004116-024 Liberty Mutual Automobile Liability Pol No AS2-651004116-034 Umbrella Liability Pol No RT1-651004118-044 VU!) NIELSON INC Commercial General Liability Pol Ho GLRU990416 Liberty Mutual Liberty Mutual US Fire Insurance Co Automobile Liability Pol No BAU9907I3 Employers' Liability Pol No WCU990063 Zurich Insurance Co Zurich Insurance Co Umbrella Liability Pol Ng 5*3023915 US Fire insurance Co 01/39S-0I/396 01/395-01/396 S8.000.000 per occurrence 540.000.000 excess ofJ10.000.000 excess ofunderlying amounts 01/1/95 *01/196 01/1/95-01/1/96 01/1/95-01/1/96 01/1/95-01/1/96 51.000.000 per occurrence 52.000.900 general aggregate $2.000.000-prodoea/eompleted operations aggregate $1,000,000 advertising injury S1.000.000 combined single limit S4.000.000 per occurrence S4.000.000 general aggregate S4.000.000 products/completcd operations aggregate S500.000 per occurrence 01.9/95-01.9/96 019/95-01996 OMtO.OQQ.OOQ DM20.000.000 02/1194-01/596 Ol-1194-01596 Ul'l 1/94-01/596 t/2 1194-01/5/96 SSOO.OOGeacb accident S500.000 disease - policy limit $500,000 disease each employee S2.000.00Q each occurrence S2.000.000 general aggregate S2.000.000 completed operations aggregate S2.000.000 each accident S8.000.000 excess of primaries 10/995 - 01/496 10.995- 01/4/96' 10-995 -01.-496 10.995-01'4 96 SI .000.000 each occurrence S2.000.000 ProduetsCompleted Operations aggregate $5,000,000 general aggregate S1.000.000 each occurrence 51.000.000each accident 51.000.000 Disease Policy Limit St .000.900 disease each employee S 10.000.000 each occurrence SS 1I00..0000.000 general aggregate S10.000.000 Products/Completed Operations aggregate 62900100.1) Page 2 oi*2 Hanson PLf-, d) i l' ^ ? GLD056594 0049-GLD-000056594