One of the greatest risks business owners face is insuring their vehicles. Since the business owner has general liability and property coverage to cover his plant and equipment it is important for the business owner to understand when the general liability and property coverage “switch off” and the automobile coverage “switches on”.

A typical commercial auto policy provides liability coverage and physical damage coverage. However, the exact nature of that coverage is determined by a group of numbers known as “Auto Symbols”. Each symbol has a very specific meaning specifying exactly what type of coverage the policy provides.

The smart business owner will take the time necessary to understand exactly which symbols his policy has and what coverage they provide so that there will not be any unpleasant surprises when it comes time to file a claim. For more information on this explore the submenus in this category.