By the insurance policy upon which this action is founded, appellant agreed to pay on behalf of respondent all sums which the latter was obligated by law to pay for damages because of bodily injury caused by accident, including death resulting therefrom, sustained by any person or persons, but provided that the policy did not apply to bodily injury or death of any employee of the insured while engaged in the business of the insured, or to any obligation for which insured...
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