A Business Automobile Policy’s (BAP) coverage is similar to the coverage on a personal auto; however, BAP’s exposures tend to be more complex and specialty coverages may be considered based on the individual needs of your business. A BAP has the flexibility to provide coverage for business, personal, non-owned, or hired autos based on the coverage purchased and applied to each scheduled auto. Unlike personal auto policies that separate bodily injury and property damage limits (split limits), BAPs commonly utilize a Combined Single Limit (CSL) for the limit of insurance. This creates higher limits for both coverages, including per occurrence limits.
PM Insurance Services is a top industry provider for BAP policies through many of the nation’s leading carriers.