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PPA 300 03 13 Page 2 of 5
<br />This endorsement modifies insurance provided under the following:
<br />BUSINESS AUTO COVERAGE FORM
<br />$ %URDG)RUP1DPHG,QVXUHG
<br />The following is added to the 6(&7,21 ,,–
<br />&29(5('$8726/,$%,/,7<&29(5$*(Para-
<br />graph $:KR,V$Q,QVXUHGProvision:
<br />Any business entity newly acquired or formed by you
<br />during the policy period, provided you own fifty
<br />percent (50%) or more of the business entity and the
<br />business entity is not separately insured for Bus-iness
<br />Auto Coverage. Coverage is extended up to a
<br />maximum of one hundred eighty (180) days following
<br />the acquisition or formation of the business entity.
<br />This provision does not apply to any person or
<br />organization for which coverage is excluded by
<br />endorsement.
<br />% (PSOR\HHV$V,QVXUHGV
<br />The following is added to the 6(&7,21 ,,–
<br />&29(5('$8726/,$%,/,7<&29(5$*(Para-
<br />graph $:KR,V$Q,QVXUHGProvision:
<br />Any “employee” of yours is an “insured” while using a
<br />covered “auto” you don't own, hire or borrow in your
<br />business or your personal affairs.
<br />& %ODQNHW$GGLWLRQDO,QVXUHG
<br />The following is added to the 6(&7,21 ,,–
<br />&29(5('$8726/,$%,/,7<&29(5$*(Para-
<br />graph $:KR,V$Q,QVXUHGProvision:
<br />Any person or organization that you are required to
<br />include as an additional insured on this coverage form
<br />in a contract or agreement that is executed by you
<br />before the “bodily injury” or “property damage” occurs
<br />is an “insured” for liability coverage, but only for
<br />damages to which this insurance applies and only to
<br />the extent that person or organization qualifies as an
<br />“insured” under the Who Is An Insured provision
<br />contained in 6(&7,21 ,,–&29(5('$8726
<br />/,$%,/,7<&29(5$*(.
<br />The insurance provided to the additional insured will
<br />be on a primary and non-contributory basis to the
<br />additional insured’s own business auto co verage if
<br />you are required to do so in a contract or agreement
<br />that is executed by you before the “bodily injury” or
<br />“property damage” occurs.
<br />' %ODQNHW:DLYHU2I6XEURJDWLRQ
<br />The following is added to the 6(&7,21,9–%86,
<br />1(66$872&21',7,216$/RVV&RQGLWLRQV
<br />7UDQVIHU2I5LJKWV2I5HFRYHU\$JDLQVW2WKHUV
<br />7R8V:
<br />We waive any right of recovery we may have against
<br />any person or organization to the extent required of
<br />you by a contract executed prior to any “accident” or
<br />“loss”, provided that the “accident” or “loss” arises out
<br />of the operations contemplated by such contract. The
<br />waiver applies only to the person or organization
<br />designated in such contract.
<br />( (PSOR\HH+LUHG$XWRV
<br />. The following is added to the 6(&7,21 ,,–
<br />&29(5(' $8726 /,$%,/,7< &29(5$*(
<br />Paragraph $:KR,V$Q,QVXUHGProvision:
<br />An “employee” of yours is an “insured” while
<br />operating an “auto” hired or rented under a
<br />contract or agreement in that “employee's” name,
<br />with your permission, while performing duties
<br />related to the conduct of your business.
<br /> Changes In General Conditions:
<br />Paragraph Eof the 2WKHU ,QVXUDQFHCon-
<br />dition in the %86,1(66$872&21',7,216 is
<br />deleted and replaced with the following:
<br />E. For Hired Auto Physical Damage Coverage,
<br />the following are deemed to be covered
<br />“autos” you own:
<br /> Any covered “auto” you lease, hire, rent
<br />or borrow; and
<br /> Any covered “auto” hired or rented by
<br />your “employee” under a contract in that
<br />individual “employee's” name, with your
<br />permission, while performing duties
<br />related to the conduct of your business.
<br />However, any “auto” that is leased, hired,
<br />rented or borrowed with a driver is not a
<br />covered “auto”.
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<br />6(&7,21 ,,– &29(5(' $8726 /,$%,/,7<
<br />&29(5$*(([FOXVLRQ%does not apply if you
<br />have workers compensation insurance in-force
<br />covering all of your employees.
<br />* $XWR/RDQ/HDVH*DS&RYHUDJH
<br />6(&7,21,,,–3+<6,&$/'$0$*(&29(5$*(
<br />&/LPLW2I,QVXUDQFH is amended by the addition of
<br />the following:
<br />In the event of a total “loss” to a covered “auto” shown
<br />in the Schedule of Declarations, we will pay any
<br />unpaid amount due on the lease or loan for a covered
<br />“auto”, less:
<br />The amount paid under the 3+<6,&$/
<br />'$0$*(&29(5$*( section of the policy; and
<br />Any:
<br />DOverdue lease/loan payments at the time of
<br />the “loss”;
<br />Docusign Envelope ID: BB02C4E5-BFD5-435B-82D4-23BE74818CC5
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