Which of the following is true regarding the Business Auto Coverage Form?

The correct assertion regarding the Business Auto Coverage Form is that the main distinction between a hired auto and a non-owned auto is whether it is owned by an employee. This is a crucial distinction in business auto insurance.

A hired auto is generally a vehicle that is rented or leased for business purposes. It is not owned by the business but is used under a contractual agreement. In contrast, a non-owned auto refers to vehicles that are not owned by the business or rented to it, which can include personal vehicles driven by employees for company business. This distinction is important for determining the scope of coverage provided under the policy, as it impacts the circumstances under which claims may be made.

The other choices do not accurately convey principles of the Business Auto Coverage Form. For example, coverage applies to more than just vehicles owned by the business, as it also includes hired and non-owned vehicles under certain conditions. Additionally, while vehicles do not necessarily need to be registered in the business name to be covered, there are specific stipulations regarding the use of vehicles under the policy. Lastly, the form typically does not cover personal injury, as that is more often addressed in other forms of liability or personal auto insurance, focusing instead on property damage and bodily injury caused by covered autos