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C. Deductibles The Deductible described in section D. of the BUILDING AND PERSONAL PROPERTY COVERAGE FORM applies to each of the Coverage Enhancements except as shown below: We will not pay for loss or damage in any one occurrence until the amount of loss or damage exceeds$500. We will then pay the amount of loss or damage in excess of$500 up to the applicable Limit of Insurance for the following enhancements: 1. Personal Effects and Property of Others 2. Valuable Papers and Records (Other than Electronic Data) 3. Property Off-Premises (Including Laptops and Other Electronic Equipment) 4. Outdoor Property(Named Perils) 5. Accounts Receivable 6. Property in Transit (Including Laptops and Other Electronic Equipment) 7. Fine Arts 8. Electronic Data 9. Water Back-Up and Sump Overflow 10. Employee Theft 11. Money and Securities 12. Forgery or Alteration No deductible provisions apply to the following enhancements: 1. Fire Department Service Charge 2. Arson Reward 3. Claims Expenses 4. Inventory or Appraisal Cost 5. Recharging of Fire Extinguishers 6. Rental Reimbursement D. Additional Definitions The following Additional Definitions apply to this endorsement only: 1. "Banking Premises"means the interior of that portion of any building occupied by a banking institution or similar safe depository. 2. "Business Income" means the: a. Net income (Net Profit or Loss before income taxes)that would have been earned had no loss occurred; and b. Continuing normal operating expenses incurred, including payroll. For manufacturing risks, Net Income includes the net sales value of production. 3. "Client" as used in Employee Theft Coverage means any entity for whom you perform services under a written agreement. 4. "Client"as used in Contractors Equipment Coverage means an individual,company or organization with whom you have a written contract or work order for your services for a described premises and have billed for your services. 5. "Employee" as used in Employee Theft and Money And Securities Coverages means: a. "Employee" means: (1) Any natural person: (a) While in your service or for 30 days after termination of service; (b) Who you compensate directly by salary, wages or commissions; and (c) Who you have the right to direct and control while performing services for you; (2) Any natural person who is furnished temporarily to you: (a) To substitute for a permanent"employee" as defined in Paragraph (1) above, who is on leave; or (b) To meet seasonal or short-term work load conditions; while that person is subject to your direction and control and performing services for you, excluding, however, any such person while having care and custody of property outside the "premises"; MP 97 67 10 10 Includes copyrighted material of Insurance Services Office,Inc.and Page 23 of 25 American Association of Insurance Services,Inc.,with their permission