Commercial Auto Insurance

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COMMERCIAL AUTO

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can be purchased monoline or added to commercial package policy (CPP)-3 sections:

business auto

garage

truckers

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BUSINESS AUTO (BAP)

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similar to personal auto except USAGE and allows beyond 10,000lb limit of PAP

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BAP symbols

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may have more than 1 symbol-MI every BAP has #5-no fault. Must have residual liability, personal protection insurance & property protection insurance

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LIABILITY INCLUDED WITH

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mobile equipment moved on a covered auto, permissive use drivers/employees and temporary substitute autos

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BAP EXCLUSIONS

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same as PAP except also exclude loading/unloading and completed operations (CGL commercial general liability needed)

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BAP PHYSICAL DAMAGE COVERAGE

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same as PAP (comprehensive, collision, transportations expenses, valuation method for losses) ALSO specified perils (named)-lessens physical damage coverage (reduces premium)

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BAP ENDORSEMENTS

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add'l insured-lessor (lease a vehicle)

mobile equip-invokes #19-can cover forklift/bulldozer

driver other car coverage (doc)-coverage for borrowed/rented car to biz owner as individual

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GARAGE LIABILITY

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CGL & BAP merge to deal w/exclusions in CGL (auto businesses-auto repair, auto dealer)

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GARAGE KEEPERS LIABILITY

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bailee coverage when in care/custody/control of insured-comprehension and collisions (auto repair, quick oil change shop, valet parking) SYMBOL 30

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GARAGE PHYSICAL DAMAGE

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auto dealers-covers damage to inventory NOT customer vehicles. blanket-not list each vehicle. SYMBOL 31