Business Auto Policy (BAP) Key Coverages

Flashcards detailing the essential coverages provided under the Business Auto Policy (BAP) as described in the lecture notes.

What does Liability Coverage protect against under the Business Auto Policy (BAP)?

It protects against bodily injury and property damage caused by business vehicles.

What is included under Physical Damage Coverage in a BAP?

Damage to the insured’s business vehicles, including collision, theft, and vandalism.

What is the purpose of Uninsured/Underinsured Motorist Coverage?

It provides protection if an at-fault driver lacks sufficient insurance.

What does Medical Payments Coverage pay for?

Medical expenses of drivers and passengers injured in a covered accident.

Which types of businesses use Garage Liability & Garagekeepers Coverage?

Auto dealers and repair businesses.

What is specifically covered under Garagekeepers Coverage?

Customer vehicles left in the care of auto dealers and repair businesses.