Which of the following statements is true regarding the business auto policy?

The statement regarding the business auto policy that is true is that one or more of ten symbols triggers coverage. In the context of a business auto policy, different symbols represent varying types of coverage options that can apply to different categories of vehicles and uses. For example, some symbols may cover specifically rated vehicles, while others may cover any owned autos or hired or non-owned autos. This flexibility allows businesses to tailor their policies based on their unique vehicle usage and risk exposures.

The other statements do not accurately reflect the characteristics of a business auto policy. Coverage is not limited strictly to personal use; it extends to business-related activities. Additionally, many business auto policies do provide coverage for covered vehicles, and this can include both named and unnamed vehicles, depending on the symbols selected. Liability coverage is also a key component of a business auto policy, allowing businesses to protect themselves from potential lawsuits or claims arising from the use of their vehicles in connection with business operations.