Liability Insurance
As an owner-operator, you have already got so much on your plate, why take on more? With NITIC as your truck insurer, you can have the best and most affordable Liability Insurance Coverage. Our customizable protection and payment options, professional assistance with claims involving heavy-duty trucks, free insurance filings, discounts, and knowledgeable support have made us a trusted source for clients all over America for many years.
Liability Insurance at Unmatched Prices from the Most Reliable Insurer!
In the trucking industry, accidents are a constant threat to financial stability. A liability insurance policy protects you from legally liable claims for injuries and property damage in the event of an accident. It will pay for all of the injured third-party’s expenditures including the medical bills or repairing of their vehicle.
Every truck insurance policy must have liability insurance. Speak with one of our insurance specialists; they will guide you through the process and assist you in identifying the best options for your business.
What does liability insurance cover?
- Vehicle damage.
- Medical injuries to the driver, passengers, or pedestrians.
- Public property damaged such as mailbox, a street sign, or a guardrail.
- Legal case and attorney fees.
What EXCLUSIONS apply to liability insurance?
Your liability insurance is not applicable under:
- Intentional acts
- Contractual liabilities
- Criminal prosecution
Who needs a liability insurance policy?
- Commercial automobile insurance coverage.
- Companies that make products.
- People who work in the legal or medical professions.
What types of liability insurance are there?
Truck owners are subject to various liabilities, each of which may result in significant claims against their assets. Every owner-operator must have an asset security strategy in place that is based on the availability of liability insurance.
Most common forms of liability insurance:
- Comprehensive General Liability: Comprehensive General Liability offers protection against lawsuits resulting from property damage caused by employees' negligence, injuries to employees and the public, and other legal actions.
- Worker’s Compensation: This is a required coverage for employers and workers which protects businesses from any legal obligations resulting from employee accidents or fatalities.
- Product Liability: Businesses that produce goods for the general market must carry this insurance which shields them from litigation brought about by injuries or fatalities brought on by their products.
- Indemnity Insurance: It provides coverage to truck owners against negligence claims stemming from monetary loss brought on by errors or failures to perform.
- Umbrella Liability: Coverage begins when the limits of other insurance are reached and protects against catastrophic losses.
- Director and Officer Liability: A company's board of directors or officers are protected from liability in the event that the business is sued. Even though corporations typically offer personal protection to their employees, some businesses offer further coverage to their executive team.
How Much Does Liability Insurance Cost?
- Number of employees: With more employees, you will require extra insurance, which will increase your premium costs.
- Business’s Size: The larger the scale of the business in terms of sales and operating space, the more risk it will be prone to, resulting in higher insurance rates.
- Type of Business: The risk associated with each business varies, for example, construction workers are more prone to face injuries than retail workers, again, higher premium rates.
Why choose NITIC as your Liability Insurance Company?
For various liability insurance coverages, National Independent Truckers Insurance Company, offers quick, thorough, and affordable insurance solutions. We welcome all trucking businesses and drivers, regardless of experience level, and we provide the greatest protection to suit their particular requirements.
We are aware of all the dangers associated with operating, loading, and unloading freight on a road truck. For this reason, we are dedicated to providing complete liability coverage at the most competitive prices.
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