What does covered auto symbol 1 represent in the business auto coverage form?

Covered auto symbol 1 in the business auto coverage form specifically represents "Every auto." This means that any vehicle that is owned, leased, hired, or borrowed by the insured is considered covered under this symbol. This inclusion is significant because it provides comprehensive coverage and ensures that any automotive risk associated with the business operations is mitigated, regardless of the specific vehicle type or ownership status.

This broad definition allows for flexibility and security for businesses, as it covers a wider range of vehicles used in the course of operations. For example, a company that occasionally uses rented vehicles or vehicles borrowed from employees would find symbol 1 particularly beneficial as it provides coverage without the need to specify each automobile individually.

Other symbols in the business auto coverage form offer more limited coverage. For instance, the symbol for owned autos only would restrict coverage to only those vehicles explicitly owned by the business. Understanding these distinctions is important for insurance producers to effectively protect their clients' interests when advising on auto coverage.