Georgia Property & Casualty Practice Exam

What symbol appears on the declarations page of a business auto policy to indicate liability coverage for non-owned autos used for business?

1. A.) 1 -- Any Auto

2. B.) 7 -- Specifically Described Autos

3. C.) 8 -- Hired Autos Only

4. D.) 9 -- Non-owned Autos Only

The correct answer is: D.) 9 -- Non-owned Autos Only

The symbol that appears on the declarations page of a business auto policy indicating liability coverage for non-owned autos used for business is indeed the symbol for non-owned autos. This coverage is crucial for businesses that utilize vehicles that they do not own, such as employees’ personal vehicles used for work purposes or rented vehicles. In the context of the business auto policy, "non-owned autos" refer to vehicles that are not owned by the insured but are used in the course of business operations. Having coverage for these vehicles is vital as it protects the business from liability for accidents that may occur while using these vehicles for business-related activities. The other symbols listed correspond to different categories of coverage. For instance, the symbol for "any auto" provides broader coverage that includes all vehicles, while "hired autos only" specifically refers to rentals and "specifically described autos" limits coverage to vehicles explicitly listed in the policy. Thus, the option referring to "non-owned autos only" specifically addresses the scenario presented in the question, making it the correct choice.