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This endorsement modifies insurance provided under the following: <br />BUSINESS AUTO COVERAGE FORM <br />A. Broad Form Named Insured <br />The following is added to the SECTION O — <br />COVERED AUTOS LIABILITY COVERAGE, Para- <br />graph A.1.VVho Is An Insured Provision: <br />Any business entity newly acquired or formed by you <br />during the policy period, provided you own fifty <br />percent (50Y&)ormore ofthe business entity and the <br />business entity is not aeponahs|y insured for Bua- <br />ineaoAuto Coverage. Coverage is extended upLoa <br />maximum of one hundred eighty (180) days <br />following the acquisition or formation of the business <br />entity. <br />This provision does not apply to any person or <br />organization for which coverage is excluded by <br />endorsement. <br />B. Employees AmInsureds <br />The following is added to the SECTION 8 — <br />COVERED AUTOS LIABILITY COVERAGE, Para- <br />graph /L1.VVho|sAn|nsuredPmviaion: <br />Any "employee" Of Yours is an ^inaured" while using <br />a covered "auto" you don't own, hire or borrow in <br />your business oryour personal affairs. <br />C, Blanket Additional Insured <br />The following is added to the SECTION Q — <br />COVERED AUTOS LIABILITY COVERAGE, Para- <br />graph A.1.VVho Is An Insured Provision: <br />Any person or organization that You are required to <br />include as on additional insured on this coverage <br />form in o contract oragreement that is executed by <br />you before the "bodily injury" or "property damage" <br />occurs is an "insunad"for liability coverage, but only <br />for damages to which this insurance applies and <br />only to the extent that person or organization <br />qualifies as on "insured" under the Who Is An <br />Insured provision contained in SECTION U — <br />COVERED AUTOS LIABILITY COVERAGE. <br />The insurance provided tnthe additional insured will <br />be on aprimary and non-contributory basis to the <br />additional insured's own business auto coverage if <br />you are required hod000 in ocontract oragreement <br />that is executed by you before the "bodily injury" or <br />"property damage" occurs, <br />D. Blanket Waiver Of Subrogation <br />The following is added to the SECTION K/— BUSI- <br />NESS AUTO CONDITIONS, A. Loss Condhiomm, <br />5. Transfer QY Rights Of Recovery Against <br />Others TuUs: <br />VVmwaive any right of recovery we may have against <br />any person or organization to the extent required of <br />you byacontract executed prior toany "acoident"or <br />"loss", provided that the "accident" or "loss" aheam <br />out ofthe operations contemplated bysuch contract. <br />The waiver applies only to the person or <br />organization designated insuch contract. <br />E. Employee Hired Autos <br />1. The following is added to the SECTION O — <br />COVERED AUTOS LIABILITY COVERAGE, <br />Paragraph A.1.Who kaAnInsured Provision: <br />An "employee" of yours is an "insured" while <br />operating an "auto" hired or nanbad under o <br />contract or agreement in that "employee's" <br />name, with your pennisaion, while performing <br />duties related tothe conduct ofyour business. <br />2. Changes |nGeneral Conditions: <br />Paragraph of the Other Insurance Con- <br />dition in the BUSINESS AUTO CONDITIONS is <br />deleted and replaced with the following: <br />b. For Hired Auto Physical Damage Coverage, <br />the hzUmminQ are deemed to be covered <br />"autos" you own: <br />(1) Any covered "outo" you |ease, hire, rent <br />urborrow; and <br />(2) Any covered "auto" hired or rented by <br />your "employee" under ocontract in that <br />individual ^emp|oyee'o^name, with Your <br />pennimaion, while performing duties <br />related to the conduct ofyour business. <br />However, any ''au8u^ that is |eaoed, <br />hinad, rented orborrowed with edriver io <br />not acovered "auto". <br />F. Fellow Employee Coverage <br />SECTION O — COVERED AUTOS LIABILITY <br />COVERAGE, Exclusion 8J5. does not apply if you <br />have workers compensation insurance in -force <br />covering all ofyour employees. <br />G. Auto Loan Lease Gap Coverage <br />SECTION III — PHYSICAL DAMAGE COVERAGE, <br />C. Limit QfInsurance, is amended by the addition <br />ofthe following: <br />In the event of a total "loss" to a covered "auto/ <br />shown in the Schedule of Dec|orationn, we will pay <br />any unpaid amount due on the lease or loan for <br />covered "auto", less: <br />1. The amount paid under the PHYSICAL <br />DAMAGE COVERAGE section of the policy; <br />and <br />2. Any: <br />m. Overdue lease/loan payments at the time of <br />Page 2 of 5 <br />"^m°m" 1 �/�'o | (AVw Tina Shapiro 1 3*1/2017 11.51.s^4 <br />