Answer:
Symbol #2 in a Business Auto Policy denotes 'Owned Autos Only,' meaning it provides coverage for vehicles that are specifically described and listed as owned by the company in the policy.
Step-by-step explanation:
In a Business Auto Policy, coverage symbols are used to indicate the types of vehicles for which coverage is provided. The symbol #2 is used to refer to 'Owned Autos Only.' Essentially, this means that the insurance policy provides coverage for vehicles owned by the company that are specifically described in the policy. This includes any private passenger autos, trucks, trailers, or semitrailers owned by the company, and typically requires each vehicle to be listed on the policy.
It is important for businesses to understand these symbols when selecting or reviewing their auto insurance to ensure they have proper coverage for the vehicles they use in their day-to-day operations.