An "automobile policy" refers to an insurance plan that covers your car. It protects you financially in case of accidents, damage, or theft involving your vehicle. Full definition
The main reason this is important is that almost all personal automobile policies do not include coverage if you are driving for business purposes. (inc.com)
As some might expect, when the informative data on risk is not there, the business establishes rates for automobile policies so, and assumes a considerably higher risk. (01autoinsurance.com)
This is normally included in most business automobile policies because it protects the company from from financial obligations even if the court finds it legally liable. (usacoverage.com)