Introduction to the Business Auto Policy - CLEQ

Overview

Motor vehicle statutes significantly impact coverages provided under the business automobile insurance policy (BAP). This course examines some of the motor vehicle statutes, the public policy issues behind the statutes, and the effect of these statutes on various types of business auto coverages as well as focusing on the standard coverage forms and how they can be tailored to provide appropriate coverage. Take a broad look at some of the most common types of statues, such as uninsured/underinsured motorist (UM/UIM) coverage and no-fault as well as common provisions to these statutes. 

Learning Objectives

Upon completion, students will be able to:

  • explain and summarize the various types of motor vehicle statutes that have been enacted to deal with the economic consequences of motor vehicle accidents
  • compare and contrast liability coverage and no-fault coverage
  • summarize the key points in the liability insuring agreement
  • summarize and explain the standard business auto exclusions, the rationale of each, how it applies, and whether an endorsement has been developed to modify it in any way
  • compare and contrast a wide variety of business auto endorsements and explain to commercial insureds how they expand or restrict coverage

Designed For

Property and casualty insurance agents, brokers, and adjusters at any level in their career
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