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b. Your "employee" hires or rents under a written contract or agreement in that "employee's" name, but <br /> only if the damage occurs while the vehicle is being used in the conduct of your business, <br /> subject to the following limit and deductible: <br /> A. The most we will pay for "loss" in any one "accident" or "loss" is the smallest of: <br /> (1 ) $50,000; or <br /> (2) The actual cash value of the damaged or stolen property as of the time of the "loss"; or <br /> (3) The cost of repairing or replacing the damaged or stolen property with other property of like <br /> kind and quality, minus a deductible. <br /> B. The deductible will be equal to the largest deductible applicable to any owned "auto" for that coverage. <br /> C. Subject to the limit, deductible and excess provisions described in this provision, we will provide <br /> coverage equal to the broadest coverage applicable to any covered "auto" you own. <br /> D. Subject to a maximum of $1 ,000 per "accident", we will also cover the actual loss of use of the hired <br /> "auto" if it results from an "accident", you are legally liable and the lessor incurs an actual financial <br /> loss. <br /> E. This coverage extension does not apply to: <br /> (1 ) Any "auto" that is hired, rented or borrowed with a driver; or <br /> (2) Any "auto" that is hired, rented or borrowed from your "employee". <br /> For the purposes of this provision, SECTION V — DEFINITIONS is amended by adding the following: <br /> "Total loss" means a "loss" in which the cost of repairs plus the salvage value exceeds the actual cash value. <br /> 7. TOWING AND LABOR <br /> SECTION III — PHYSICAL DAMAGE COVERAGE, paragraph A.2. Towing, is amended by the addition of the <br /> following: <br /> We will pay towing and labor costs incurred, up to the limits shown below, each time a covered "auto" <br /> classified and rated as a private passenger type, "light truck" or "medium truck" is disabled: <br /> a. For private passenger type vehicles, we will pay up to $50 per disablement. <br /> b. For "light trucks", we will pay up to $50 per disablement. "Light trucks" are trucks that have a gross <br /> vehicle weight (GVW) of 10,000 pounds or less. <br /> c. For "medium trucks" , we will pay up to $150 per disablement. "Medium trucks" are trucks that have a <br /> gross vehicle weight (GVW) of 10,001 — 20,000 pounds. <br /> However, the labor must be performed at the place of disablement. <br /> 8. PHYSICAL DAMAGE - ADDITIONAL TRANSPORTATION EXPENSE COVERAGE <br /> Paragraph A.4.a., Coverage Extension of SECTION III — PHYSICAL DAMAGE COVERAGE, is amended to <br /> provide a limit of $50 per day and a maximum limit of $1 ,500 <br /> © 2013 Liberty Mutual Insurance <br /> CA 88 10 01 13 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 3 of 7 <br /> 25749995 1 56142156 1 14 15 Master Certificate 1 Vicky Green 1 7/28/2015 12 :19 :15 PM (PDT) 1 Page 4 of 8 <br />