COMMERCIAL UMBRELLA LIABILITY

COMMERCIAL UMBRELLA LIABILITY ELIGIBILITY... 19.2 MINIMUM UNDERLYING REQUIREMENTS... 19.2 INELIGIBLE RISKS AND EXCLUDED EXPOSURES... 19.3 REQUIRED ENDORSEMENTS... 19.6 POLICY PERIOD... 19.6 PREMIUM COMPUTATION FOR FIRST MILLION... 19.6 MINIMUM POLICY PREMIUM FOR FIRST MILLION... 19.6 PREMIUM COMPUTATION FOR LIMITS EXCESS $1,000,000... 19.7 COMMERCIAL UMBRELLA RATING... 19.8 AUTOMOBILE LIABILITY COVERAGE... 19.8 UNINSURED/UNDERINSURED MOTORIST... 19.8 MOTEL AND HOTEL RATING... 19.9 HABITATIONAL: APARTMENT / CONDOMINIUM RATING... 19.9 UNLICENSED RECREATIONAL VEHICLES... 19.9 GENERAL LIABILITY COVERAGE... 19.10 PREMISES/COMPLETED OPERATIONS... 19.10 PROFESSIONAL LIABILITY COVERAGE... 19.10 MAR 2010 GERMANTOWN MUTUAL INSURANCE COMPANY - WISCONSIN 19.1

COMMERCIAL UMBRELLA LIABILITY UNDERWRITING AND RATING GUIDE ELIGIBILITY 1. All underlying General Liability coverage must currently be written by Germantown Mutual Insurance Company. 2. No policy may be bound by the agent without authorization from the Company. Each applicant or application must be approved by the Company prior to binding umbrella coverage. 3. A signed ACORD commercial application (including both the Applicant Information and Umbrella Sections) must be completed for all new risks. The Commercial Umbrella Renewal Questionnaire must be completed and signed every three years for the renewal of each risk. 4. Primary coverages not written by Germantown Mutual must be written in insurance companies with a Best s rating of B+ or better. 5. Back dating of coverage on a Commercial Umbrella is not permitted. The earliest date coverage on an authorized account may be bound, is the date on which the agent actually contacted the company to bind the umbrella coverage. 6. New Business: MVR s are obtained on all new business. Renewal: The Company will obtain violation data through a third party vendor. This vendor will provide violation data provided to them by state agencies responsible for accumulating such data on all drivers insured by the Company. This information is supplied to the company four months prior to the renewal of the risk to allow sufficient time to underwrite the account. MINIMUM UNDERLYING REQUIREMENTS 1. Automobile Liability (including non-owned 500,000/500,000 BI and auto and hired car coverages) 100,000 PD or 500,000 CSL Underinsured/Uninsured Motorists available 500,000/500,000 BI and only in states where mandatory. Limit must 100,000 PD or 500,000 CSL be same as carried for owned auto liability. 2. Commercial General Liability: Premises/Operations 500,000 each occurrence/ 1,000,000 general aggregate Products/Completed Operations 500,000 each occurrence/ 1,000,000 aggregate Personal Injury/Advertising Injury 500,000 3. Businessowners Liability: 500,000 4. Employers Liability: Manufacturing risks: 500,000 each accident 500,000 policy limit - disease 500,000 each employee - disease All other risks: 100,000 each accident 500,000 policy limit - disease 100,000 each employee - disease 19.2 GERMANTOWN MUTUAL INSURANCE COMPANY - WISCONSIN MAR 2010

5. Professional Liability: 500,000 each claim (for barbers, beauticians, druggists 500,000 aggregate morticians and pastors only) 6. Unlicensed Recreational Vehicles 500,000 occurrence 7. Other Liability Exposures Refer to Germantown Mutual 8. Retained Limit 10,000 INELIGIBLE RISKS AND EXCLUDED EXPOSURES 1. Professional Liability or Errors and Omissions Liability other than barbers, beauticians, druggists, morticians, and pastors. Cemeteries, Hearing Aid Stores, Opticians, Optometrists, Veterinarians (pet type only), Pastoral Professional (written only with sexual molestation exclusion included) and Printers. 2. Ocean Marine. Marine operations, including stevedoring and sub-aqueous work and/or repair of, navigation of Vessels and Barges, including operation of docks, quays, wharves or dry docks. 3. Accident & Health, Fidelity & Surety, Fiduciary Liability, ERISA & Employee Benefit Liability, Financial Guarantee, Credit & Insolvency, Boiler & Machinery, Nuclear Energy Liability, Railroad Liability, Hospital Professional Liability, War Risk, Products Integrity, Impairment or Produce Recall, EPL (Employment Practices Liability). 4. Directors and Officers Liability. 5. Securities and Exchange Commission (S.E.C.) Liability. 6. Aggregate Workers Compensation. 7. Maritime Liability, Admiralty/Jones Act, Federal Employers Liability Act, or Longshoremen and Harbor Workers Act exposures. 8. Airports. 9. Aircraft Liability. 10. Products Liability pertaining to the manufacture, storage, sale, handling, or distribution of aircraft and/or aerospace products. 11. Amusement parks, carnivals, circuses, fairs, zoos and stadiums including manufacture or operation of amusement rides and devices. 12. Automobile rental or leasing operations, except customer service rentals. 13. Buses, including school and church buses, taxi cabs, and other public livery vehicles. (school bus or public livery vans-owned by Churches, eligible school risks and condo or apartment complexes are acceptable). 14. Contractors risks engaged in/or involving construction of: Blasting Bridges (except road over pass type) Chimney (commercial type) Dams and reservoirs Demolition or wrecking Erection of iron and steel (Over 3 stories) Petroleum and/or chemical, including service type Pile Driving or shoring of existing foundations Steeples MAR 2010 GERMANTOWN MUTUAL INSURANCE COMPANY - WISCONSIN 19.3

Towers Tunneling Underpinning Waster Sites Railroads Swimming Pool Installation All General Contractors shall be referred to Germantown Mutual Insurance Company. 15. Day care centers. 16. Fumigating or exterminating. 17. Grain elevators, terminals, feed mills or storage operations. 18. Hotels or motels over three stories. 19. Liquor Liability. 20. Logging and lumbering, except for Christmas tree operations. 21. Manufacture, storage, sale, transporting or wholesale distribution of explosives, fireworks, explosive substances, corrosives, munitions, chemicals, gasoline (other than gasoline stations or service stations), natural or artificial fuel gases, propane or liquefied petroleum gas (other than retail refilling or exchange of propane or LPG tanks). 22. Manufacture or wholesale distribution of cosmetics, hair and skin products, drugs, pharmaceuticals, vitamins, medical products, animal feeds, mobile equipment, bicycles, toys, valves or pressure vessels, industrial machinery, ladders or scaffolding, tires, cranes, automobiles, trucks, motor homes, motorcycles, mobile homes, snowmobiles, or trailers, including critical parts. 23. Manufacture or repair of any boiler or pressure vessel, or assembly thereof. 24. Mining of any type, including underground mining or tunnel operations. 25. Movie theatres. 26. Municipalities, state and governmental agencies, and other political subdivisions. 27 Nuclear risks of any type and any operation in which any radioactive substance is used. 28. Oil/gas industry related exposures. Oil and Gas, Petroleum and Petrochemical refining. Exploration and drilling and/or distribution or sale of any volatile products (except for Fuel Oil Dealers with incidental gasoline and service stations). Oil Lease Opertors, Drillers or Exploration. 29. Railroads and subways. 30. Schools or colleges with more than 1,500 students. 31. Security guard services and detective agencies. 32. Seedmen s Liability. 33. Stevedoring. 34. Subaqueous operations. 35. Dams, reservoirs, tunnels or bridges. 36. Truckmen hauling goods for others. 37. Commercial vehicles regularly traveling outside a 200 mile radius. 19.4 GERMANTOWN MUTUAL INSURANCE COMPANY - WISCONSIN MAR 2010

38. Trucks weighing over 20,000 pounds or tractor trailers. 39. Manufacture, storage, sale, transporting, disposal, installation or removal of asbestos or any substance containing asbestos fibers. 40. Utilities. 41. Wrecking or demolition of buildings. 42. Power equipment rental and sale of used equipment. 43. Risks with unfenced pools, or pools with diving boards or slides. 44. Senior citizen housing, congregate living facilities, homes for the aged, retirement homes and complexes, and convalescent homes in excess of 3 stories. 45. Lead poisoning and mold exposures. 46. Risks with receipts greater than $15,000,000 and/or developing a first $1,000,000 Umbrella premium greater than $10,000 are ineligible for this program. 47. Association, Pool and Syndicate business, to include business accepted by the Company as Reinsurance. 48. Automobile exposure relative to: A. Automobile drivers with more than two moving violations or at fault accidents in a three-year period or any conviction for reckless driving or driving while intoxicated within 10 years or as limited by state law. B. Automobile racing and race tracks. C. Truck men/common Carriers. D. Automobile Fleets consisting principally (51% or greater) of heavy (20,001-45,000 lbs GVW) or extra heavy (45,001 lbs GVW and up) licensed power units. 49. Chemicals, Fertilizers, Insecticides, Herbicides, animal feed, either manufacturing, blending, mixing or application thereof. However, this restriction will not apply to landscaping operations. 50. CATV (Commercial Antenna T.V. or Cable T.V.) 51. Installation, manufacture or service of any vertical or above the ground contrivance for the Movement of people, such as but not limited to, Elevators, Escalators, Trains or Trams, Ski Lifts or Tows. 52. Installation or manufacture of Sprinklers, Fire Alarms, Burglar Alarms or any other such safety devices other than smoke detectors. 53. Legal Liability for personal goods of others when a known exposure exists, unless liability for personal property in the Insured s care, custody or control is excluded. Examples of such exposure would be: Bailees Exhibitions Motor Truck Cargo Terminals Warehouses Hotels Grain Elevators for storage 54. Nursing Homes. MAR 2010 GERMANTOWN MUTUAL INSURANCE COMPANY - WISCONSIN 19.5

55. Publishing, Advertising operations (unless Personal Injury and E&O are excluded) 56. Riggers Liability. 57. Risks in the business of the manufacture or assembly of: Automobiles Cranes Industrial and Farm Machinery or Contractor Equipment Ladders Medical Products Scaffolding Toys Snowmobiles Valves Athletic Devices Boats, ships or critical parts Wire Rope and Rope Industrial Pumps 58. Tire (all types) manufacturing or processors. 59. Tobacco manufacturer or processors. REQUIRED ENDORSEMENTS 1. Restrictive endorsements attached to a primary policy will be attached to the umbrella policy. 2. Known exposures not covered by primary insurance will be excluded. POLICY PERIOD 1. All umbrella policies will be written on an annual basis. 2. Concurrency between primary CGL policy and umbrella policy is required. PREMIUM COMPUTATION FOR FIRST MILLION See attached Automobile and General Liability rating pages. MINIMUM POLICY PREMIUM FOR FIRST MILLION Minimum Premiums First $1,000,000 Risks with maximum one owned automobile $400 exposure (PPT/LT/MED) and receipts of under $1,000,000 ($5,000,000 on office exposures) Risks with up to two owned automobiles $500 (PPT/LT/MED) and/or receipts of under $1,000,000 ($5,000,000 on office exposures) Risks with up to three (PPT/LT/MED) vehicles and receipts $700 less than $2,000,000. ($5,000,000 on office exposures) All other commercial risks exceeding the above. $1,000 (Auto fleets exceeding three PPT/LT/MED vehicles and/or any HVY/XHVY vehicles, and/or receipts greater than $2,000,000 or $5,000,000 on office exposures) Additional minimum premium for second $1,000,000 $400 additional to $1,000,000 of coverage 19.6 GERMANTOWN MUTUAL INSURANCE COMPANY - WISCONSIN MAR 2010

PREMIUM COMPUTATION FOR LIMITS EXCESS $1,000,000 To determine the premium for each million of umbrella limit above the first $1,000,000, multiply the premium for the first $1,000,000 by the percentages shown below, subject to the indicated minimum premiums: % of Second Million First Million Minimum Premium $1,000,000 xs $1,000,000 50% $400 MAR 2010 GERMANTOWN MUTUAL INSURANCE COMPANY - WISCONSIN 19.7

COMMERCIAL UMBRELLA RATING AUTOMOBILE LIABILITY COVERAGE GROSS UNIT RATES $1,000,000 EXCESS 500/500/100 OR 500 CSL Type of Vehicle Milwaukee County All Other Counties Private Passenger 140 100 Light Truck: Service 150 105 Retail/Commercial 200 135 Medium Truck: Service 160 110 Retail/Commercial 215 145 DEBITS: Intermediate radius (51-200 miles) surcharge +35% CREDITS: $1M/$1M BI or $1M CSL underlying limits: -30% DEFINITIONS: Light Truck: Gross Vehicle Weight of 10,000 pounds or less. Medium Truck: Gross Vehicle Weight of 10,001-20,000 pounds. Service Use: Automobiles used for transporting the insured's personnel, tools, equipment, and incidental supplies to or from a job location. This classification is confined to automobiles principally parked at job locations for the majority of the working day or used to transport supervisory personnel between job locations. Retail Use: Automobiles used to pick up property from, or deliver property to, individual households. Commercial Use: Automobiles used for transporting property other than those automobiles defined as service or retail. Gross Vehicle Weight: The maximum loaded weight for which a single automobile is designed, as specified by the manufacturer. UNINSURED/UNDERINSURED MOTORIST Liability Limit Premium Charge Per Vehicle UM UIM Both $300,000 CSL $10 $30 $40 $1,000,000 CSL $19 $56 $75 The above charges apply to each underlying vehicle covered under the PUL regardless of the number of vehicles. Notices provided will advise the insured of the availability of higher limits and the right to reject UM &/or UIM, by completion and return of the rejection form. UM may be written without UIM or UIM may be written without UM. BI/PD/UM/UIM limits must be changed to the required underlying limits shown on the revised Schedule of Your Primary Insurance which is included with the PUL policy declarations if the underlying policy does not already include those limits. The effective date of the endorsement to the underlying auto policy must be the same dates as the renewal 19.8 GERMANTOWN MUTUAL INSURANCE COMPANY - WISCONSIN MAR 2010

dates of the PUL policy. If the insured rejects the UM &/or UIM coverage, we will endorse the underlying auto back to the previous limits. The notice included with the renewal will inform the policyholder of these actions. MOTEL AND HOTEL RATING Underwriting Guidelines: A. 100 rooms maximum. B. Not greater than four stories C. No diving board or slide exposures. D. Pool must be fenced/gated. E. Age/construction/presence of protective devices must be documented. F. Properties older than 75 years should have all mechanicals updated in last 20 years. Rating: First $1,000,000 A. Rate per room with no pool exposure $30 B. Rate per room with pool exposure $35 HABITATIONAL: APARTMENT/CONDOMINIUM RATING Underwriting Guidelines: A. No greater than five (5) storied in height. B. No diving board or slide exposures. However, a letter from insured documenting the removal of an existing diving board or slide would render the exposure eligible for program consideration. C. Pool must be fenced/gated. D. Age/construction/presence of protective devices must be documented. E. Properties older than 75 years should have all mechanicals updated in the last 20 years. Rating: Minimum rate $20 per unit. Justification of higher rates based on # of stories/age/building height/pool exposure/urban vs. rural location UNLICENSED RECREATIONAL VEHICLES Definition: Any vehicle not licensed for road use including, but not limited to: snowmobiles, golf carts and all terrain vehicles. Per Unit: $15 Youthful operator: $50 Per (18 years of age & under) Minimum Attachment: $500,000 Occurrence MAR 2010 GERMANTOWN MUTUAL INSURANCE COMPANY - WISCONSIN 19.9

GENERAL LIABILITY COVERAGE PREMISES/OPERATIONS $1,000,000 Excess Each Occurrence/ Percentage of Total Primary Premium - General Aggregate Table1 Table2 Table 3 500,000/1,000,000 12% 21% 32% 500,000/1,500,000 12% 20% 31% 1,000,000/1,000,000 8% 14% 21% 1,000,000/2,000,000 8% 13% 21% 1,000,000/3,000,000 8% 13% 21% PRODUCTS/COMPLETED OPERATIONS $1,000,000 Excess Each Occurrence/ Products/Completed Percentage of Total Primary Premium - Operations Aggregate Table A Table B Table C 500,000/1,000,000 23% 30% 32% 500,000/1,500,000 23% 30% 32% 1,000,000/1,000,000 15% 18% 20% 1,000,000/2,000,000 14% 18% 19% 1,000,000/3,000,000 14% 17% 18% Notes: 1. For any risk with underlying General Liability coverage provided by a Businessowners' policy with indivisible premium, use 25% of the total unmodified manual primary premium as the liability premium, and the percentage from the Premises/Operations Table applicable to the General Liability classification code for the risk, to calculate the umbrella General Liability premium. 2. For all other risks, apply the appropriate percentage factor(s) to Germantown Mutual's manual primary liability premium(s), subject to a maximum deviation of 20% from ISO's simplified manual CGL premiums. Type Barbers: Beauticians: Druggists: Morticians: Pastors: PROFESSIONAL LIABILITY COVERAGE Premium Charge $10 each full-time barber $ 5 each part-time barber $25 each full-time beautician $10 each part-time beautician $50 each location $50 each location $50 each church 19.10 GERMANTOWN MUTUAL INSURANCE COMPANY - WISCONSIN MAR 2010