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This endorsement modifies insurance provided under the following: BUSINESS AUTO COVERAGE FORM A. Broad Form Named Insured The following is added to the SECTION II — COVERED AUTOS LIABILITY COVER- AGE, Paragraph A.1. Who Is An Insured Provision: Any business entity newly acquired or formed by you during the policy period, pro- vided you own fifty percent (50%) or more of the business entity and the business entity is not separately insured for Business Auto Coverage. Coverage is extended up to a maximum of one hundred eighty (180) days following the acquisition or formation of the business entity. This provision does not apply to any person or organization for which coverage is ex- cluded by endorsement. B. Employees as Insureds The following is added to the SECTION II — COVERED AUTOS LIABILITY COVER- AGE, Paragraph A.I. Who Is An Insured Provision: Any "employee" of yours is an "insured" while using a covered "auto" you don't own, hire or borrow in your business or your per- sonal affairs. C. Blanket Additional Insured The following is added to the SECTION II — COVERED AUTOS LIABILITY COVER- AGE, Paragraph A.1. Who Is An Insured Provision: Any person or organization that you are re- quired to include as an additional insured on this coverage form in a contract or agree- ment that is executed by you before the "bodily injury" or "property damage" occurs is an "insured" for liability coverage, but only for damages to which this insurance applies and only to the extent that person or organi- zation qualifies as an "insured" under the Who Is An Insured provision contained in SECTION II — COVERED AUTOS LIABIL- ITY COVERAGE. The insurance provided to the additional insured will be on a primary and non- contributory basis to the additional insured's own business auto coverage if you are re- quired to do so in a contract or agreement that is executed by you before the "bodily in- jury" or "property damage" occurs. D. Blanket Waiver Of Subrogation The following is added to the SECTION IV — BUSINESS AUTO CONDITIONS, A. Loss Condition, 5. Transfer of Rights Of Re- covery Against Others To Us: We waive any right of recovery we may have against any person or organization to the extent required of you by a contract exe- cuted prior to any "accident" or "loss", pro- vided that the "accident" or "loss" arises out of the operations contemplated by such con- tract. The waiver applies only to the person or organization designated in such contract. E. Employee Hired Autos 1. The following is added to the SECTION II — COVERED AUTOS LIABILITY COVERAGE, Paragraph A.1. Who Is An Insured Provision: An "employee" of your is an "insured" while operating an "auto" hired or rented under a contract or agreement in that "employee's" name, with your permis- sion, while performing duties related to the conduct of your business. 2. Changes In General Conditions: Paragraph 5.b. of the Other Insurance Condition 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 own: (1) Any covered "auto" you lease, hire, rent or borrow; and (2) Any covered "auto" hired or rented by your "employee" un- der a contract in that individual "employee's" name, with your permission, while performing duties related to the conduct of your business. However any "auto" that is leased, hired, rent- ed or borrowed with a driver is not a covered "auto". Contractors Bonding and Insurance Company RAU 300 01 17 Contains copyrighted material of Page 2 of 6 Insurance Services Office, Inc., with its permission APPROVED By Cynthia Mora at 7:47 am, Nov 25, 2024