Arizona Adjuster Practice Exam

What symbol must appear on the declarations page of a business auto policy (BAP) to provide coverage for rental cars used by the business?

1. 7 - Non-Owned Autos Only

2. 8 - Hired Autos Only

3. 9 - Any Autos

4. 1 - Owned Autos Only

The correct answer is: 8 - Hired Autos Only

The declarations page of a business auto policy (BAP) must display the symbol for hired autos to provide coverage for rental cars used by the business. This specific symbol indicates that the policy extends coverage to vehicles that a business leases or rents, including those used temporarily or for specific tasks. In the context of a business auto policy, the symbol for hired autos ensures that any vehicles rented for business purposes are covered under the policy. Without this symbol, a business might find itself without coverage in the event of an accident involving a rented vehicle, creating significant liability and financial risks. While other symbols relate to ownership and coverage limits, they do not apply to rented or hired vehicles. The symbol that specifically denotes coverage for those vehicles is crucial for businesses that frequently utilize rental cars as part of their operations.