In general terms, the public passenger vehicle's endorsement gives permission for the automobile to be used to carry passengers for compensation or hire. This is only as respects loss or damage resulting from bodily injury to, or the death of, any occupant of the automobile and, only as respects loss of or damage to property carried in or upon the automobile, while the automobile is being so used. This endorsement has a premium charge and is used for commercial policies. A bus would be an example.