Non-Trucking Liability is a subcategory of non-trucking liability
A More In-Depth Examination of Non-Truck Liability
Non-truck liability, or NTL, is a very effective and efficient trucking liability policy that assists drivers in filling coverage gaps with other motor carriers they lease. It’s critical to understand when this coverage is necessary to have and employ in order to avoid any complications with non-truck claims.
The trucking firm with which the trucker has signed a lease arrangement will normally require NTL. This insurance protects a trucking company’s primary liability policy by filling in a potential gap for non-business use of the transportation equipment.
What is covered under non-truck liability?
When a trucking client is under a permanent lease to another trucking firm that provides main liability insurance as part of a work arrangement, NTL insurance protects them from liability when they use their listed vehicle for most non-business and personal purposes. When the agreement expressly limits coverage for personal use, it nevertheless offers coverage. Non-truck liability, on the other hand, is designed to cover a specific set of circumstances.
What isn’t covered by non-truck liability?
Liability coverage is not provided by NTL for business use or when moving any type of goods. Driving to and from a loading place, filling up, traveling for repairs, driving during layovers, deadheading, and washing a truck are all examples of business use of the vehicle. The motor carrier’s primary liability policy would normally cover these instances. When towing a loaded trailer, utilizing a truck for any revenue-generating purpose, or working for a trucking company, the NTL does not apply. Primary liability insurance will also cover these kinds of actions.
Furthermore, non-truck liability insurance is not designed for truckers who require short-term coverage before beginning to transport for employment or who are in between long-term leases. A trucker will need a primary liability coverage in either of these cases, as well as a rating for for-hire truckers rather than non-business drivers.
When should NTL be used?
Looking at how a trucker’s leasing agreement outlines insurance duties is the optimum time to choose NTL coverage for them, therefore it’s critical to read over insurance agreements. Truckers should only use NTL if their leasing agreement requires them to acquire coverage for times when they are not working for the trucking company.
Before purchasing NTL insurance, truckers need think about a few things.
To obtain the most comprehensive protection, first establish what types of coverage are required. It’s probably a good time to purchase additional types of business insurance, such as physical damage coverage.
Following that, truckers should compare various offerings to determine which one is ideal for them and their protection needs. It’s not enough to figure out which one has the most advantages. Ideally, you’ll want a solution that meets both your budget and your efficiency goals.
One thing to keep in mind is that the liability exposure window for NTL is typically smaller than that of a basic auto policy. This is why, in comparison to the truck company’s central trucking policy, the NTL insurance coverage is quite low.
Royalty Truck Insurance Services is a company that specializes in truck insurance.
Royalty Truck Insurance Services was founded in 1999 and is a commercial truck insurance service. We’ve grown into a reputable truck and transportation insurance agency with a skilled management team. Our goal to give unmatched service is a defining feature of our company. We go above and above what an insurance brokerage should provide. Royalty Truck Insurance can provide you with lightning quick truck policy estimates, insurance certificates, customer service, and coverage adjustments thanks to state-of-the-art technology. For further information, call +1 818-989-8999.