What does Symbol 2 in Commercial Auto Insurance cover specifically?

Symbol 2 in Commercial Auto Insurance specifically covers liability for owned autos only. This means it provides protection for vehicles that are owned by the business and outlined in the policy. The key focus here is on the liability aspect, which indicates that if an insured vehicle is involved in an accident, this coverage will apply to liability claims against the insured party.

Understanding the context of commercial auto insurance symbols is crucial for recognizing how coverage is structured. Various symbols define different types, and Symbol 2 has a clear focus on owned vehicles. This helps businesses ensure they have adequate protection for the vehicles they utilize in their operations, covering incidents involving those vehicles without extending to other categories such as hired vehicles or personal use scenarios. Therefore, it’s essential for commercial entities to know that Symbol 2 aligns specifically with their owned fleet rather than any other vehicle or equipment.