Business Auto Coverage Form

The paperwork associated with insuring a company’s vehicles.

Dale’s company owned a NASCAR team consisting of two cars. Before his company’s lawyers would let him take either vehicle out on the track at Daytona, they insisted they be insured by business automobile policies.

Being more interested in racing than paperwork, Dale skimmed through the five sections of the business auto coverage form and signed. Unfortunately, in his haste, he failed to notice that the cars were insured against neither “incidental spillage of Mountain Dew resulting in paint loss” nor “wear-and-tear from use by an extremely popular son with a disappointing wins total.”