What should Francis add to his BAP to curb the financial risk of an accident?

In the context of managing financial risks associated with accidents, adding a Medical Payments or Personal Injury Protection (PIP) endorsement to a Business Auto Policy (BAP) is a prudent choice. This type of coverage is specifically designed to cover medical expenses resulting from an auto accident, regardless of who was at fault. This becomes particularly important in the case of serious accidents where medical bills can accumulate quickly, leading to significant financial strain on the insured party.

Medical Payments or PIP coverage not only helps to pay for injuries sustained by the occupants of the vehicle but can also provide benefits for certain non-occupants, such as pedestrians. This endorsement thus broadens the safety net for Francis by ensuring that medical costs are covered, thereby reducing the out-of-pocket expenses he could face in the event of an accident.

In contrast, while collision coverage protects against damages to the insured vehicle resulting from a collision, it does not assist with medical expenses. Comprehensive coverage protects against non-collision-related damages, such as theft or weather-related incidents, but again does not address medical billing. A Mobile Equipment endorsement is generally used for vehicles that are not typically used on public roads and does not relate to managing risks associated with everyday driving scenarios. Hence, the Medical Payments/PIP