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This endorsement modifies insurance provided under the following: <br />BUSINESS AUTO COVERAGE FORM <br />A.Broad Form Named Insured <br />ofofof the operations contemplated by such contract. The the operations contemplated by such contract. The <br />waiver applies only to the person or organization waiver applies only to the person or organization <br />The following is added to the SECTION II Î <br />designated in such contract. designated in such contract. <br />COVERED AUTOS LIABILITY COVERAGE, Para- <br />graph A.1. Who Is An Insured Provision:E.Employee Hired Autos <br />1.The following is added to the SECTION II Î <br />Any business entity newly acquired or formed by you <br />during the policy period, provided you own fifty COVERED AUTOS LIABILITY COVERAGE, <br />percent (50%) or more of the business entity and theParagraph A.1. Who Is An Insured Provision: <br />business entity is not separately insured for Bus-iness <br />An Ð employee Ñ of yours is an Ð insured Ñ while <br />Auto Coverage. Coverage is extended up to a <br />operating an Ð auto Ñ hired or rented under a <br />maximum of one hundred eighty (180) days following <br />contract or agreement in that Ð employee's Ñ name, <br />the acquisition or formation of the business entity. <br />with your permission, while performing duties <br />This provision does not apply to any person orrelated to the conduct of your business. <br />organization for which coverage is excluded by <br />2.Changes In General Conditions: <br />endorsement. <br />Paragraph 5.b. of the Other Insurance Con- <br />B.Employees As Insureds <br />dition in the BUSINESS AUTO CONDITIONS is <br />The following is added to the SECTION II Î <br />deleted and replaced with the following: <br />COVERED AUTOS LIABILITY COVERAGE, Para- <br />b.For Hired Auto Physical Damage Coverage, <br />graph A.1. Who Is An Insured Provision: <br />the following are deemed to be covered <br />Any Ð employee Ñ of yours is an Ð insured Ñ while using a Ð autos Ñ you own: <br />covered Ð auto Ñ you don't own, hire or borrow in your <br />(1)Any covered Ð auto Ñ you lease, hire, rent <br />business or your personal affairs. <br />or borrow; and <br />C.Blanket Additional Insured <br />(2)Any covered Ð auto Ñ hired or rented by <br />The following is added to the SECTION II Î <br />your Ð employee Ñ under a contract in that <br />COVERED AUTOS LIABILITY COVERAGE, Para- <br />individual Ð employee's Ñ name, with your <br />graph A.1. Who Is An Insured Provision: <br />permission, while performing duties <br />related to the conduct of your business. <br />Any person or organization that you are required to <br />However, any Ð auto Ñ that is leased, hired, <br />include as an additional insured on this coverage form <br />rented or borrowed with a driver is not a <br />in a contract or agreement that is executed by you <br />covered Ð auto Ñ. <br />before the Ð bodily injury Ñ or Ð property damage Ñ occurs <br />is an Ð insured Ñ for liability coverage, but only for F.Fellow Employee Coverage <br />damages to which this insurance applies and only to <br />SECTION II Î COVERED AUTOS LIABILITY <br />the extent that person or organization qualifies as an <br />COVERAGE, Exclusion B.5. does not apply if you <br />Ð insured Ñ under the Who Is An Insured provision <br />have workers compensation insurance in-force <br />contained in SECTION II Î COVERED AUTOS <br />covering all of your employees. <br />LIABILITY COVERAGE. <br />G.Auto Loan Lease Gap Coverage <br />TThe insurance provided to the additional insured willhe insurance provided to the additional insured will <br />be on a primary and non-cobe on a primary and non-contributory basis to thentributory basis to the <br />SECTION III Î PHYSICAL DAMAGE COVERAGE, <br />additional insuredÓs own business auto coadditional insuredÓs own business auto co verage ifverage if <br />C.Limit Of Insurance, is amended by the addition of <br />you are required to do so in a contract or agreemyou are required to do so in a contract or agreementent <br />the following: <br />that that is executed by you before the is executed by you before the ÐÐ bodily injurybodily injury Ñ Ñ oror <br />In the event of a total Ð loss Ñ to a covered Ð auto Ñ shown <br />ÐÐ property damageproperty damage Ñ Ñ occursoccurs.. <br />in the Schedule of Declarations, we will pay any <br />unpaid amount due on the lease or loan for a covered <br />D.D.Blanket Waiver Of SubrogationBlanket Waiver Of Subrogation <br />Ð auto Ñ, less: <br />The following is added to the The following is added to the SECTION IV SECTION IV ÎÎ BUSI- BUSI- <br />1.The amount paid under the PHYSICAL <br />NESNESS AUTO CONDITIONS, A. Loss Conditions, 5.S AUTO CONDITIONS, A. Loss Conditions, 5. <br />DAMAGE COVERAGE section of the policy; and <br />Transfer Of Rights Of Recovery Against OthersTransfer Of Rights Of Recovery Against Others <br />To UsTo Us:: <br />2.Any: <br />WWe waive any right of recovery we may have agaie waive any right of recovery we may have againstnst <br /> of <br />a.Overdue lease/loan payments at the time <br />anany person or organization to the extent required ofy person or organization to the extent required of <br />the Ð loss Ñ; <br />you by a contract executed prior to any you by a contract executed prior to any ÐÐ accidentaccident Ñ Ñ oror <br />ÐÐ lossloss ÑÑ, provided that the , provided that the ÐÐ accidentaccident Ñ Ñ or or ÐÐ lossloss Ñ Ñ arises outarises out <br />PPA 300 03 13 Page 2 of 5 <br />9:569835!}!22036.37!HM-!BVUP-!FYDFTT-!XD!'!QM!!}!)BWD*!Cfuuz!Usbo!}!303703137!4;13;66!QN!)QTU*!}!Qbhf!25!pg!32 <br /> <br />