Business Auto Coverage Form


DEFINITION of 'Business Auto Coverage Form'

A form that insurers provide to business owners when creating a contract to provide insurance coverage for the company's cars, trucks, trailers, vans or other vehicles. The form is divided into five sections that define the coverage, including the types of vehicles, causes of damage and types of damage covered, in addition to both the insurer's and business's obligations in the event that damage occurs.

BREAKING DOWN 'Business Auto Coverage Form'

The business auto coverage form helps businesses review the different coverage options available to them, enabling them to select coverage that meets their company's needs while keeping costs to a minimum. Coverage may include vehicles that are owned or leased by the company or its employees.

  1. Building And Personal Property ...

    The document that details the provisions of a type of business ...
  2. Business Automobile Policy - BAP

    An insurance policy that covers a company's use of cars, trucks, ...
  3. Premium

    1. The total cost of an option. 2. The difference between the ...
  4. Liability

    A company's legal debts or obligations that arise during the ...
  5. Lease

    A legal document outlining the terms under which one party agrees ...
  6. Deductible

    1. The amount you have to pay out-of-pocket for expenses before ...
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