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GK & ASSOCIATES, INC.
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GK & ASSOCIATES, INC.
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Last modified
9/3/2025 8:40:18 AM
Creation date
8/15/2024 9:50:35 AM
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Contracts
Company Name
GK & ASSOCIATES, INC.
Contract #
A-2024-120-03
Agency
Public Works
Council Approval Date
8/6/2024
Expiration Date
8/5/2027
Insurance Exp Date
5/4/2026
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BUSINESS AUTO COVERAGE FORM <br />I. NEWLY ACQUIRED OR FORMED ENTITY (Broad Form Named Insured) <br />SECTION II COVERED AUTOS LIABILITY COVERAGE, A. Coverage, 1. Who Is An Insured, the <br />following is added: <br /> Any business entity newly acquired or formed by you during the policy period <br /> provided you own 50% or more of the business entity and the business entity is not <br /> separately insured for Business Auto Coverage. Coverage is extended up to a <br /> maximum of 180 days following acquisition or formation of the business entity. <br /> Coverage under this provision is afforded only until the end of the policy period. <br />the organization. <br />II. EMPLOYEES AS INSUREDS <br />SECTION II COVERED AUTOS LIABILITY COVERAGE, A. COVERAGE, 1. Who Is An Insured, the <br />following is added: <br />Any insured while using a covered auto <br />lease, hire, rent, or borrow, which is used in connection with your business. <br />III. SUPPLEMENTARY PAYMENTS <br />SECTION II COVERED AUTOS LIABILITY COVERAGE, A. Coverage, 3. Coverage Extensions, a. <br />Supplementary Payments, Subparagraphs (2) and (4) are replaced by the following: <br />(2) Up to $3,000 for cost of bail bonds (including bonds for related traffic law <br /> violations) required because of an "accident" we cover. We are not obligated to <br /> furnish these bonds. <br />(4) All reasonable expenses incurred by the "insured" at our request, including <br /> actual loss of earnings up to $500 a day because of time off from work. <br />IV. ADDITIONAL TRANSPORTATION EXPENSE <br />SECTION III - PHYSICAL DAMAGE COVERAGE, A. Coverage, 2. Coverage Extensions, a. <br />Transportation Expenses, is amended by: <br /> Replacing $20 per day with $50 per day, and the $600 maximum with $1,000 maximum. <br />If your business shown in the Declarations is other than an auto dealership, we will also <br />pay up to $1,000 for reasonable and necessary costs incurred by you to return a stolen <br />covered auto from the place where it is recovered to its usual garaging location. <br />V. ACCIDENTAL AIRBAG DEPLOYMENT COVERAGE <br />SECTION III - PHYSICAL DAMAGE COVERAGE, B. Exclusions, 3.a., is amended to add the following: <br />This exclusion does not apply to the accidental discharge of an airbag. <br />VI. GLASS REPAIR DEDUCTIBLE WAIVER <br />SECTION III - PHYSICAL DAMAGE COVERAGE, D. Deductible, the following is added: <br /> No deductible applies to glass damage if the glass is repaired rather than replaced. <br />Copyright 2023 Mercury Insurance Services, LLC. All rights reserved. <br /> <br />MCA CABE 08 23 Includes copyrighted material of Insurance Services Office, Inc., with its permission Page 2 of 4 <br />97989853!}!36.37!HM.BM.VM.XD.QM!}!Tifssz!Zpvoh!}!903903136!6;63;68!BN!)QEU*!}!Qbhf!7!pg!22 <br /> <br />
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