Under the Business Auto Policy, which designation symbol covers owned autos subject to no-fault benefits?

The coverage for owned autos that are subject to no-fault benefits is designated by Symbol #5 in the Business Auto Policy. This symbol specifically applies to "owned autos." The selection of this symbol indicates that the vehicles insured under the policy not only have coverage for typical liability, but they also fall under the jurisdiction of no-fault laws, which typically mandate that insurance companies pay for the medical expenses resulting from auto accidents regardless of who is at fault.

This is important for businesses that operate in states with no-fault insurance systems, as it ensures that their owned vehicles are adequately insured to comply with local state laws regarding medical and personal injury coverage. Understanding this symbol helps businesses manage their risk and maintain compliant insurance coverage for their fleet of vehicles.