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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. THE HARTFORD TRANSIT BUSINESS INCOME This endorsement modifies insurance provided under the following: SPECIAL PROPERTY COVERAGE FORM Except as otherwise stated in this endorsement, the terms and conditions of the Policy apply. The following is added to Paragraph A.6., Coverage Extensions, of the Special Property Coverage Form: Transit Business Income (1) We will pay for the actual loss of Business Income you sustain and necessary Extra Expense you incur during the "transit period of restoration" due to the necessary suspension of your "operations" caused by or resulting from direct physical loss or direct physical damage to Covered Property in transit. Such direct physical loss or direct physical damage must be caused by or resulting from a Covered Cause of Loss. (2) Business Income means the: (a) Net Income (Net Profit or Loss before income taxes) that would have been earned or incurred if no direct physical loss or direct physical damage had occurred, but not including any Net Income that would likely have been earned as a result of an increase in the volume of business due to favorable business conditions caused by the impact of the Covered Cause of Loss on customers or on other businesses; and (b) Continuing normal operating expenses incurred, including payroll expenses. (3) Payroll expenses includes: (a) Payroll; (b) Employee benefits; if directly related to payroll; (c) FICA payments you pay; (d) Union dues you pay; and (e) Workers' compensation premiums. (4) Extra Expense means expense incurred: (a) To avoid or minimize the suspension of business and to continue "operations": (b) To minimize the suspension of business if you cannot continue "operations"; or (c) To: (i) Repair or replace any property; or (ii) Research, replace or restore the lost information on damaged "valuable papers and records"; to the extent it reduces the amount of loss that otherwise would have been payable under this Coverage Extension. (5) With respect to the coverage provided in this Coverage Extension, suspension means the partial slowdown or complete cessation of your business activities. (6) Extra Expense does not apply to: (a) Any deficiencies in insuring Building or Business Personal Property; or (b) Any expense related to any recall of products you manufacture, handle or distribute. (7) With respect to the coverage provided in this Coverage Extension, suspension means the partial slowdown or complete cessation of your business activities. (8) We will deduct from the total Extra Expense to be paid: (a) The salvage value that remains of any property bought for temporary use during the "transit period of restoration", once your "operations" are resumed; and (b) Any Extra Expense that is paid for by other insurance. eRAMwagmedDMsiun Form SP 30 61 10 18 GF �/ �. �� RE�AexrED & APPROVED Sr: x © 2018, The Hartford 1 "" �"° (May include copyrighted material of Insurance Services Office, Inc., with its 1— -- P r skPjanagementAnalpt