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BUSSINES AUTOMOVIL POLICY

SAFETY ON THE ROAD

WHAT IS BUSSINES AUTOMOVIL POLICY (BAP)?

A business automobile policy (BAP) provides coverage for a company's use of cars, trucks, vans, and other vehicles in the course of carrying out its business. Coverage may include vehicles owned or leased by the company, hired by the company, or employee-owned vehicles used for business purposes. A BAP covers both liability and damage. A business automobile policy is also known as a business auto coverage form (BACF).

Liability is protection from financial loss to your business from injuries or property damage caused by you or your employees while driving a covered auto.   This coverage is regulated by the state and our professional agents will make sure you are properly protected.

KEY TAKEAWAYS

  • A business automobile policy provides (BAP) insurance coverage for a company's use of cars, trucks, vans, and other vehicles used in the course of its business.

  • The coverage under a BAP applies to either vehicle owned or leased by the company, hired by the company, or employee-owned vehicles used in the course of business.

  • Additional coverage a company can purchase in conjunction with a business automobile policy (BAP) includes collision coverage, comprehensive coverage, specified perils coverage, and other liability coverage.

  • A business automobile policy (BAP) is also known as a business auto coverage form (BACF).

Understanding a business automobile policy (BAP)

A business automobile policy provides coverage for any company that uses vehicles that drive on public roads. BAP coverage is chosen individually for each vehicle insured, and different transports owned by the same company may carry different amounts and types of coverage.


Businesses should get a business automobile policy even if they do not own vehicles if at any time they may use personal vehicles for business purposes. This coverage is vital in the cases of employees who use their private cars for conducting business duties. In the situation of a severe accident, the employee may not have enough liability coverage to protect the business adequately.
Agents will use the business auto coverage form to create the policy for the business owner. A business coverage policy will identify the number and type of vehicle insured, the causes of and types of damage covered, and the obligations of the insurance provider and the business. 


BAPs cover injuries or property damage sustained in any vehicular accident as well as any costs associated with repairing the damage to the vehicle. Managers should not rely on personal auto insurance as those typically do not cover any damages done in the course of business.


The BAP usually consists of five sections, which are (1) covered autos, (2) liability coverage, (3) physical damage coverage, (4) business auto conditions, and (5) business definitions.


Policyholders should pay careful attention to the numerical symbols listed in the policy declarations, which indicate the autos insured for each various coverage. These symbols, called covered auto designation symbols, include the numbers 1 through 9 plus 19. Each symbol represents a category of covered autos. For instance, symbol 1 means "any auto," while symbol 2 means "owned autos only."

Uninsured and Underinsured Motorists coverage pays for medical expenses, loss of income, and other damages owed to you or your employees or passengers if an accident is caused by an uninsured or an underinsured driver.

Medical Payments is no-fault insurance that pays for medical expenses for you or your passengers arising from an accident that occurred in a covered vehicle.

Comprehensive coverage, usually subject to deductible, will pay for the damage to your covered vehicle that is caused by vandalism, theft, accidents involving animals, and weather-related events.  This, and collision coverage, are mandatory if you have a lien on your vehicle.

Collision coverage, usually subject to deductible, will pay for damage to your insured vehicle from a collision with another or your vehicle rolls over, regardless of who is at fault.

This policy can include rental reimbursement, cars you borrow and rent, or employee cars used for business purposes. 

 

We offer insurance protection for extra heavy trucks to the light pickups and to private passenger cars used in most businesses.