I have progressive and yes they cover your gear as long as it is designed for motorcycles. I had a accident a few years ago and they covered my helmet gloves and jacket but not my jeans because they were not riding jeans.
Yes you would need new calipers and fender. Or you can do the r6 fork swap you also would need calipers and fender + spacers. If you need calipers I have a set. $50 shipped