Describing Commercial Auto
Commercial Forms and Coverage
Coverage Symbols
Describing Conditions in the Business Auto Coverage Form
Miscellaneous
100
Employers non-ownership liability.
What is liability an employer exposed to if an employee used his own auto in performing job duties?
100
How are other auto coverages, such as auto medical payments, added to the Business Auto Coverage Form?
What is Endorsements?
100
Covers any auto.
What is Symbol 1
100
When insured’s vehicle is damaged by a third party
What is Transfer of Rights Against Others?
100
1. Size Class 2. Business Use 3. Radius Class.
What are the 3 Primary Rating Factors for trucks, tractors and trailers?
200
To ensure that auto accident victims are compensated through insurance.
What is why do some states require auto owners to maintain certain amounts of personal injury protection coverage?
200
Monoline policy
What is the type of policy covers only one line of business?
200
Covers all autos owned by the named insured.
What is Symbol 2?
200
When there is more than one policy covering the same loss.
What is Other Insurance?
200
The actual cash value at the time of loss or the cost of replacing the property with like kind or quality.
What is the most the insurer will pay for a physical damage loss?
300
• Decrease in or loss of the auto’s value • Loss of use of the auto until it can be repaired or replaced
What is the main consequences of damage to or destruction of an auto?
300
It can be used to insure any person or organization providing transportation by auto in furtherance of a commercial enterprise.
What is the Motor Carrier Coverage Form?
300
Covers land motor vehicles that meet the description of mobile equipment if not subject to motor vehicle laws.
What is Symbol 19?
300
When the insured and insurer don’t agree on the value of a physical damage claim
What is Appraisal for Physical Damage Losses?
300
The 3 coverages usually added by endorsement to the Business Auto Coverage Form (BACF)
What is Medical, Personal Injury and Uninsured/Underinsured motorists?
400
1. Liability loss exposures 2. Property loss exposures 3. Personal loss exposures
What is the three basic categories of commercial auto loss exposures?
400
Coverage for insuring loss to customers’ autos while they are in the custody of the insured auto or trailer dealer.
What is the Garage Coverage Form?
400
Next to each coverage in the schedule of coverages on the Declarations page.
What is where do the Coverage Symbols appear?
400
When coverage is improved during the policy period at no cost.
What is Liberalization?
400
When an employee uses their own vehicle to perform job duties.
What is employers non-ownership liability?
500
Rule of placing liability on the employer, is based on the fact that the employee was acting on behalf of the employer at the time of loss.
What is the doctrine of respondeat superior?
500
It includes optional provisions for insuring physical damage to autos owned, leased or hired by the named insured.
What is the Business Auto Coverage Form
500
The mechanism used to indicate the autos to which each coverage applies.
What is Coverage Symbols?
500
When a covered vehicle is damaged while in the care of a third party (bailee).
What is No Benefit to Bailee?
500
Trucks in the medium and larger size class and operated beyond 200 mile radius of the principal garaged location.
What is Zone Rated Vehicles?
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