Common use of Covered Persons and Entities Clause in Contracts

Covered Persons and Entities. 1. Named Insured as shown in the Declarations, and if the Named Insured is an individual, his or her spouse, or domestic partner, but only with respect to the professional services rendered by or on behalf of the Named Insured; 2. Any present or former principal, partner, officer, director, employee, leased or temporary employee, volunteer, or independent contractor of the Named Insured, but only as respects professional services rendered on behalf of the Named Insured; 3. Heirs, Executors, Administrators, and in the event of an Insured’s death, incapacity or bankruptcy, legal representatives of any Insured, but only with respect to professional services rendered prior to such Insured’s death, incapacity or bankruptcy; 4. Any organization the Named Insured newly acquires or forms, but only for ninety (90) days and subject to the Company’s written acceptance. This provision applies to any principal, partner, officer, director, employee, leased or temporary employee, volunteer, or independent contractor of such newly acquired or formed organization, subject to the above described written acceptance in the form of an endorsement issued by the Company to form a part of this policy.