JOHNSON FRANK & ASSOCIATES, INC. 7 - 2011

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This endorsement modifies insurance provided under the fdlowing-. BUSINESS AUTO COVERAGE FORM A. Broad Form Named Insured The following is added to the SECTION U — COVERED AUTOS LIABILITY COVERAGE, Para- graph A.1. Who Is An Insured Proxiaiom Any business entity newly acquired orformed byyou during the policy period, provided you own fifty percent (5O96)ormore ofthe business entity and the business entity is not mepanateiy insured for Bus- iness Auto Coverage. Coverage isextended uptoa maximum of one hundred eighty (100) days following the acquisition orformation ofthe business entity. This provision does not apply to any person or organization for which coverage is excluded by endorsement. EL Employees As Insureds The following is added to the SECTION U — COVERED AUTOS LIABILITY COVERAGE, Para- graph ^4.1. Who Is An Insured Provision: Any "employee" of yours is an "insured" while using e covered "auto" you don't mwn, hire or burrow in your business oryour personal affairs. C. Blanket Additional Insured The following is added to the ��CTlON U — COVERED AUTOSL|AB|L�YCOVE�AGE,Pmma- AnepMA.1.VVho|s AnInsured Prmvisium Any person, or organization that you are reqUred to include as an additional insured on this coverage bmnn in a contract oragreement that is executed by you before the "bodily injury^ or"property damage" occurs iaam^insured^for liability coverage, but only for damages to which this insurance appKes and only to the extent that person or organization qualifies as an "insured" under the Who Is An Insured provision contained in SECTION 0 — COVERED AUTOS LIABILITY COVERAGE. The insurance provided to the additional insured will be on a primary and non-contributory basis to the additional inaued`e own business auto coverage if you are required todosoinacontract oragreement that inexecuted byyou before the "bodily injury" or "property damage" occurs. D. Blanket Waiver Of Subrogation The following isadded tothe SECTION IV —BUSI- NESS AUTO CONDITIONS, A. Loom Conditions, 5. Transfer Of Rights Of Recovery Against Others TmUs: VVewaive any right ofrecovery wemay have against any person or organization to the extent required of you by e contract executed prior to any "accident" or JOHNS8g-FRANK&ASSUINC PPA3008313 REV|EVVEUBY, ~-� 7�- lbzr ~__~_�_ 1osn^, provided that the "accident" or ^|nss^ arises out ofthe operations contemplated by such contract, The waiver applies only to the person or organization designated insuch contract. E. Employee Hired Autos 1 The following is added to the SECTION' U — COVERED AUTOS LIABILITY COVERAGE, Paragraph A.1.Who Is An Insured Provision: An "employee" of yours is an "insured" while operating an "auto" hired or rented under a contract or agreement in that "employee's" nanme, with your p*rmission, while performing duties related huthe conduct ofyour business. 2. Changes |mGeneral Conditions: Paragraph 51. of the Other Insurance Con- dition in the BUSINESS AUTO CONDITIONS is deleted and replaced with the following: b For Hired Auto Physical Damage Coverage, the following are deemed to be covered "au1os~you own: (1) Any covered ^auhm^ you Ieaee, hire, rent orburmw-mnd (2) Any covered "auto" hired or rented by your "employee" under contract in that individual "employee's" name, with your permission, while performing, duties related 10the conduct ofyour business. However, any ^eoto~ that is |eaned, hired, rented orborrowed with a driver is not a covered "auto". F. Fellow Employee Coverage SECTION U — COVERED AUTOS UAEULD7 COVERAGE, Exclusion B.5. does not apply if you have workers compensation insurance in -force covering all mfyour employees. G. Auto Loan Lease Gap Coverage SECTION III — PHYSICAL DAMAGE COVERAGE, C. Limit OfInsurance, is amended by the addition of the following: In the event of a total "loss" to a covered "auto" shown in the Schedule of0eoaret�one. we will pay any unpaid amount due on the lease or loan fora covered "auto", less: 1. The amount paid under the PHYSICAL DAMAGE COVERAGE section of the policy; and 2. Any: a. Overdue lease/loan payments at the time of AGREEMENT #A- 01l-098 EUN|CEHEREQ|A (pG.4of5) Pg8e2of5