TRUXAW, JOSEPH C. INC. 1-2014 - Laserfiche WebLink

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JOSEPM{,TRU � AGREEMENT #A-2O14-lOU REV8EVVED BY,- /�� &/ � _ E0NiCE HEREOLA (pg. 4cf5) This endorsement modifies insurance provided under the foUovving� 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 Provision: Any business entity newly acquired or formed byyou during the policy period, provided you own fifty percent (60%)ormmreof the business entity and the business entity in not sepauateyy insured for Bus- iness Auto Coverage. Coverage is extended up to maximum of one hundred eighty (180) days following the acquisition or formation mf the business entity. This provision does not apply 10 any person or organization for which coverage is excluded by endorsement. B. Employees AsInsureds The following is added to the SECTION || — COVERED AUTOS LIABILITY COVERAGE, Para- graph Any "employee" of yours is om "insured" while using a covered "auto" you don't own, hire or borrow in your business or your personal affairs, C. Blanket Additional Insured The following i�a added to the SECTION U — COVERED AUTOS LIABILITY COVERAGE, Para- graph A.1. Who Is An Insured Provision: Any person or organization that you are required to include as an additional insured on this coverage fmnn in m contract or agreement that is executed by You before the "bodily injury':' or "property damage" occurs is an "insured" for |iab0itycoverage, buicn|y for damages to which this insurance applies and only 10 the extent that person or organization qualifies as an "insured" under the Who is An Insured provision contained in SECTION U — COVERED AUTOS LIABILITY COVERAGE. The insurance provided to the additional insured will be on a primary and non-contributory bmee to the additional ineuned's own business auto coverage if you are required to do so in a contract oragreement that is executed by you before the "bodily injury" or "property damage" occurs. D. Blanket Waiver 0f Subrogation The following ie added to the, SECTION 0—BUS]- NESS AUTO CONDITIONS, A. Loss Cond0ons, 5. Transfer Of Rights Of Recovery Against Others ToUs: VVe waive any right of recovery we may have against any person or organization to the extent required of you by a contract executed prior to any "accident" or PPA 300 03 13 a ,�� e�� ^ r n�z.n. �2",p= (m�) a�� s "loss", provided that the "accident" or ^loma^ arises out mf the operations contemplated by such contract. The waiver applies only to the person or organization designated in such contract. E. Employee Hired Autos Y. The following is added to the SECTION U — COVERED AUTOS LIABILITY COVERAGE, Paragraph A.1. Who Is An Insured Provision! An ''ennp|oyoe" of yours is an "insured" while operating an ~mu0o^ hired or rented under m contract or agreement in that "employee's" nannm, with your permiaaiom, while performing duties related to the conduct mf your business, 2. Changes in General Conditions: Paragraph 5.b.mf 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 "autos` you mwn� (1) Any covered "auto" you leeoe, hine, rent or borrow: and (2) Any covered "auto" hired or rented by your ^emp|oyem^ under a contract in that individual "employee's" name, with your permission, while performing duties related to the conduct mf your business. However. any "auto" that is |eaeed, hinad, rented orborrowed with driver is not o covered ^auin^ F. Fellow Employee Coverage SECTION U — COVERED AUTOS LIABILITY COVERAGE, Exclusion B.5i does not apply if you have workers compensation insurance in-force covering all of your employees, G. Auto Loan Lease Gap Coverage SECTION III — PHYSICAL DAMAGE COVERAGE' C Limit Of Insurance, is amended by the addition of the following: In the event of a total "loss" to a covered "auto" shown in the Schedule nfOec�arationa. 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'. e. Overdue lease/loan payments at the time of