What does the Business Auto Symbol (8) specifically cover?

The Business Auto Symbol (8) specifically covers vehicles that are leased, hired, rented, or borrowed by a business. This designation is crucial because it ensures that these types of vehicles, which are not owned but are utilized for business purposes, are included in the business auto policy.

Understanding this provision helps clarify how coverage applies to various situations involving vehicles not owned by the business but used in the course of conducting business. This is particularly important for businesses that may need to temporarily use vehicles for specific tasks or projects, ensuring that they are adequately covered for any potential liabilities or damages that may occur during their use.

The coverage does not extend to all vehicles owned by the business or those used primarily for personal reasons, as these situations are covered under different symbols or types of vehicles in an auto insurance policy. Additionally, limiting coverage to only vehicles driven by employees would ignore critical aspects of business operations, such as the use of non-employee personnel or third-party rental services. Thus, the clarity provided by the Business Auto Symbol (8) is key for effective risk management in a business context.