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GK & ASSOCIATES, INC.
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Last modified
5/5/2026 11:52:30 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
7/9/2026
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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 /> Coverage does not apply to an "accident" which occurred before you acquired or formed <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"employee" of yours is an "insured" while using a "covered auto" you do not "own", <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 /> MCA CABE 08 23 Includes copyrighted material of Insurance Services Office,Inc.,with its permission Page 2 of 4 <br /> 90431507 26-27 PL, 25-26 GL-AL-UL-WC I Sherry Young 15/4/2026 7:52:09 AM (PDT) I Page 6 of 11 <br />
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