What does Business Automobile Policy mean? Read on to discover the definition & meaning of the term Business Automobile Policy - to help you better understand the language used in insurance policies.
Business Automobile Policy
Business automobile policy (BAP) refers to insurance that covers vehicles like cars, trucks, and vans used for business purposes. These vehicles can refer to those owned or hired by the business owner. This policy can also be extended to vehicles owned by the employees.
We hope the you have a better understanding of the meaning of Business Automobile Policy.