(800) 869-8643

admin@hayesbrokers.com

Commercial Auto By The Numbers

Commercial Auto By The Numbers

Commercial auto insurance is different from other types of policies in many ways. There is one aspect that stands out: the use and application of a Covered Auto Symbol to each line of coverage within the policy. These Covered Auto Symbols may be different on each line, but the number itself means the same thing no matter which insurance company you choose. Your commercial auto insurance policy will include a Business Auto Coverage Form (more than likely some version of the CA0001) that includes a Description Of Covered Auto Designation Symbols which breaks down the definition of each numeric symbol that may be included on the policy. These symbols will be included on your declarations page, and the position of the covered auto symbol is just as important as the definition. For the purposes of this article we will include symbols 1-9 as described by the Business Auto Coverage Form. Symbol 1 “Any Auto”. This symbol is usually included on the first box of the declarations page under “Liability” and is the most broad of any symbol. This means that the coverage applies to ANY AUTO used by the policyholder, period. The only limitation to this coverage is that it must be an auto as defined by the policy, which, under the Business Auto Coverage Form (CA0001) is: “Auto” means: A land motor vehicle, “trailer” or semitrailer designed for travel on public roads; or Any other land vehicle that is subject to a compulsory or financial responsibility law or other motor vehicle insurance law where it is licensed or principally garaged. However, “auto” does not include “mobile equipment”. This...