What does the Business Auto Symbol represent in terms of leasing?

The Business Auto Symbol encompasses vehicles that are leased, hired, rented, or borrowed specifically for business use. This designation is critical for businesses as it determines which vehicles are covered under a commercial auto insurance policy. By including these vehicles, businesses can ensure they are protected against liabilities that could arise from using vehicles not owned by the business itself but still utilized for operational purposes.

Understanding this symbol is important for insurance adjusters and business owners alike, as it clarifies the extent of coverage for a variety of scenarios that can arise in commercial operations. It emphasizes that businesses often utilize multiple types of vehicles beyond just those they own outright, reflecting the reality of how many companies manage their transportation needs efficiently.