Business Auto Coverage Form


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Business Auto Coverage Form

An insurance policy providing coverage for damage caused to an automobile owned by a business, the damage the automobile itself causes, and/or theft of the automobile. One pays premiums to the insurance company in exchange for this coverage. All U.S. states require drivers to have some form of car insurance.
References in periodicals archive ?
In addition to the conditions found on the business auto coverage form itself, common policy conditions form IL 00 17 is also used with the BAP.
Section III of the Business Auto Coverage Form is the physical damage coverage part of the Business Auto Policy.
The October 2001 version of the business auto coverage form adds a provision to this loss condition that the payment of the insurer will include applicable sales tax for the damaged or stolen property.
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