Commercial Auto
Autos the insured leases, rents or borrows
What are Hired Autos?
What is 48 hours?
Type of coverage provided by the PAP for an insured's accident using a non-owned auto
What is excess coverage?
Form that covers uncollectible sums due from customers due to loss or damage of records
What is an Accounts Receivable form?
Definition of an accident under an Equipment Breakdown policy
What is the sudden breakdown of an object?
Continuous or repeated exposure to the same conditions, as defined under Business Auto coverage
What is an Accident?
Amount of transportation expense payments under PAP
What is $20/day up to $600?
How long a vehicle must be leased in order to count as an owned vehicle under the PAP
What is at least 6 months?
Ideal protection for a frequent shipper of goods
What is an Annual Transit Policy?
Maximum limit for spoilage caused by contamination under Equipment Breakdown coverage
What is $25,000?
Amount of notice required from both insured and insurer for cancellation of Business Auto coverage
What is 35 days?
Coverage for when at-fault driver carries limits that don't cover the amount of the insured's injuries
What is underinsured motorist coverage (UIM)?
The only time a vehicle with less than 4 wheels would be covered under a PAP
What is when used in a medical emergency?
This covers physical damage to a contractor's equipment
What is a Contractor's Equipment Floater?
Primary purpose of Equipment Breakdown insurance
What is to fill gaps left by commercial property insurance policies?
This is what's primarily covered under a Garagekeepers Liability policy
What is Customer Property?
Covers medical costs for the insured driver, any passengers, and any insured pedestrians
What is Medical Payments?
Coverage limit for non-owned trailers under the PAP
What is $1500?
This policy covers an equipment job that has been completed by a contractor, but not yet accepted or paid for by the owner
What is an installation floater?
Coverage designed to help get a business back up and running as soon as possible after an equipment breakdown incident
What is Expediting Expenses coverage?
Only type of pollution loss covered under a Garage Liability policy
What is pollution resulting from a covered accident?
What is 3 years?
Always considered an Other than Collision claim, even if the vehicle is in motion
What is contact with a bird or animal?
Policy that covers infrequent transportation of goods
What is a trip transit policy?
Amount of time newly acquired equipment is covered for, provided it is reported to the insurer within that timeframe
What is 90 days?