March 2016
Intermediate to advanced
700 pages
144h 54m
English
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Commercial Auto Insurance
Legal liability arising out of the ownership and use of cars, trucks, and trailers is another important loss exposure for many businesses. This section examines several commercial auto coverages that can be used to meet this exposure.6
Business Auto Coverage Form
The ISO business auto coverage form is widely used by business firms to insure their commercial auto exposures. Firms have considerable flexibility with respect to the autos that can be covered. There are 10 numerical classifications, each of which is referred to by a numerical “symbol”:
Any auto
Owned autos only
Owned private passenger autos only
Owned autos other than private passenger autos only
Owned autos subject to no-fault
Owned autos subject to a compulsory ...
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