What is Script Coverage?

A reader recently asked:

So I've been looking at a lot of Internships online and with most of them one of the duties is Script Coverage.  I don't know exactly what that is, but I'm assuming it's reading and then summarizing a script for the executives.  But like I said I don't really know what it is or how it's done, so if could you tell/help me understand that would be awesome?

Script coverage includes the logline and synopsis of a script, as well as the reader's comments and recommendation (pass or consider).  Many development departments require interns and assistants to complete script coverage on specs before passing on the material to executives.

When I interned at Beacon, I read and completed coverage on one script per day; the company provided me with a coverage outline indicating the exact format and content they wanted.  The coverage sheet was then attached to the script's title page and the script was passed along to executives.

FYI: Many companies require intern and assistant applicants to submit a writing sample to make sure the applicants can write well.

Here is a sample -- coverage on The Truman Show.  I have no idea if this is the "official" coverage, but it's example of the correct format and content, none-the-less.