What does Symbol 8 cover in Commercial Auto Insurance?

Symbol 8 in Commercial Auto Insurance specifically refers to liability coverage for hired autos only. This symbol is significant because it denotes vehicles that are rented or leased by the insured, which may not be owned by them but are used for business purposes. Understanding Symbol 8 is crucial for businesses that frequently utilize vehicles they do not own, as it ensures that they are protected against potential liabilities arising when these hired vehicles are involved in accidents or incidents.

This coverage is particularly important in the context of operations where companies may not have an extensive fleet of owned vehicles but still need to use leased or rented transportation solutions. Being familiar with and utilizing Symbol 8 allows businesses to manage their risk effectively when engaging services that require vehicles they do not own, thus providing additional reassurance in their operations.

The other symbols represent different categories and types of vehicle coverage, which cater to specific needs under various circumstances. This distinction helps clarify the specific liabilities that a business is willing to take on based on how they acquire and use their vehicles.