General Information About Non Trucking Liability Insurance
For those of you owners of the trucks used to driving revenue, whether it is an independent truck driver making a living by contracting out to multiple motor carriers, or employers engaged in the transportation service, the safety of vehicles that you use everyday becomes a major requirement. Insurance became the answer to all these questions, but many of us who still do not understand about the types of insurance available as well as the benefits. One commonly discussed today is Non Trucking Liability (NTL) insurance. The functions and benefits that you can get from Non Trucking Liability insurance is the primary focus of this article.
For those of you who’ve experienced in the field of transportation services, you probably already know that there are specialties in commercial truck insurance. There is a variety of coverage offered by various insurance companies, Non Trucking Liability insurance is one among the many choices. Non trucking liability insurance is used as a type of ‘second tier’ security for the owners of commercial trucks. This type of insurance is slightly different from the primary insurance being used by commercial trucks, Primary Liability in this case.
Primary Liability insurance works only when you are pulling a loaded trailer, operating on behalf of a motor carrier and/or leasing company, or using a vehicle for any revenue generating purpose. When you are in position of off-duty, this type of security can not cover both you as the owner as well as the vehicle if something bad comes to pass, such as collisions. This is where Non Trucking Liability takes place. The insurance will directly provides protection when you use a truck for personal or non business purposes. So even if your motor carrier has given Primary Liability Coverage in their contracts, you need to remember that this coverage will not apply in such condition.
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The protection given is not only work for the owner but also the company/motor carrier. Liability for the owner means when driving the tractor while not in business of trucking and for motor carrier means when a permanently leased contract driver is not under dispatch. If an independent drivers working with the carrier company, other than Non-Trucking Liability insurance they will also require drivers to obtain Bobtail Liability insurance on their contracts. Bobtail Liability is the coverage of a common carrier for liability on trucks that have delivered their cargo and are on the way back to the terminal. The understanding commonly used is when the delivery process after the truck is loaded ended then firm’s liability is also ends. Though Bobtail Liability is not commonly available anymore (and when viewed from the protection and function is the same as the Non-Trucking Liability), but at some companies the independent drivers or owners are still required to have both types of insurance.
Talk to your agent about Bobtail insurance to gain a better understanding, to ensure that you do not pay for it in vain. To find the right insurance company, be sure to do a little research and gather as many quotes online. Finally, Non Trucking Liability insurance is a must regardless of whether you are still going to use some extra protection or not, it is advisable to protect valuables you have.