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PI-AM-002(12/08) <br /> THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br /> ADDITIONAL INSURED - CERTIFICATE HOLDERS <br /> This endorsement modifies insurance provided under the following: <br /> COMMERCIAL GENERAL LIABILITY COVERAGE PART <br /> SECTION II—WHO IS AN INSURED is amended to include any Certificate Holder,identified as an <br /> additional insured, on a Certificate of Insurance issued by Philadelphia Indemnity Insurance Company or <br /> our authorized representative, but only for liability arising out of the negligence of the named insured. <br /> The limits of insurance applicable to these'additional insureds are the lesser of the policy limits or those <br /> limits specified in a contract or agreement. These limits are inclusive of and not in addition to the limits of <br /> insurance shown in the declarations. <br /> Page 1 of 1 <br />