What Do Commercial Auto Insurance Symbols Mean?

If you have a business that uses vehicles, its important to have the right commercial auto insurance policy in place. Commercial auto insurance policies provide owners with more options for choosing particular coverage types for each vehicle you own. These symbols are listed on your policy's declarations page. Its extremely important to review and understand which auto coverage symbols are on your policy, otherwise, a typographical error or the wrong symbol could lead to unwanted issues in the event of a claim.

Symbol 1: Any Auto: Coverage for any vehicle-most comprehensive symbol available. This symbol dictates that coverage is provided for any auto used for business operations. It's worth noting, this symbol may not be available for every industry type.

Symbol 2: Owners Autos Only: Coverage for any vehicles you own-only covers vehicles owned by you or your business

Symbol 3: Owned Private Passenger Vehicles: coverage for vehicles you own of the private passenger type-excludes coverage for large trucks or buses.

Symbol 4: Owned Autos-Not Private Passenger-Coverage for vehicles you own that are not private passenger types-such as commercial truck or buses

Symbol 5: Owned Autos-Personal Injury Protection Coverage: No fault coverage for vehicles you own-PIP requirements vary by state-in states where its mandatory (no-fault states) this symbol is added

Symbol 6: Owned Autos-Uninsured Motorist Coverage-uninsured motorist coverage for vehicles you own

Symbol 7: Specified Auto Coverage-Coverage for your vehicles specifically listed on the policy. Most common commercial auto symbol

Symbol 8: Hired Auto Coverage: Coverage for vehicles that are rented, leased, borrowed, or hired for use in your business

9: Non-Owned Auto Coverage: Coverage for vehicles you do not own, rent, lease, borrow, or hire, but are used for your business.

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