A business auto policy (BAP) includes auto liability and auto physical damage coverages; other...
garage liability insurance
Garage liability insurance covers the legal liability of franchised and nonfranchised automobile, truck, truck-tractor, motorcycle, recreational vehicle, and trailer dealers for claims of bodily injury (BI) and property damage (PD) arising out of business operations.
Additional Information
It includes two separate insuring agreements: "who is an insured" provisions and "limit of insurance" provisions—one dealing with garage operations involving the ownership, maintenance, or use of autos and the other dealing with all other garage operations.
Related Terms
Casualty insurance is primarily concerned with the losses caused by injuries to persons and legal...
Insurance is a contractual relationship that exists when one party (the insurer) for a...
Liability insurance is a form of insurance that applies to the obligation of the insured to pay...
