NON-TRUCKING LIABILITY, (NTL) - Also referred to as "Bobtail" insurance though this is not a proper
term or description. NTL is coverage available to leased operators who operate
under a motor carriers' authority who also provides the primary liability
coverage. NTL provides liability coverage when the truck is being used for
purposes outside the scope of the lease. EXAMPLE: using the truck on weekends
to run errands.
PRIMARY LIABILITY - Every trucker/trucking
company who operates under their own authority is required to carry primary
liability coverage on all owned units and either provide this insurance for
their leased vehicles or insure that the leased operator carries it on their
own. Generally, the motor carrier provides this coverage for the leased operators
but there are rare instances when this is not the case.
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CARGO INSURANCE - Provides coverage
for loss or damage to the property a truck is transporting (the load). Generally,
though not always, provided by the motor carrier for leased operators.
PHYSICAL DAMAGE (Collision, Specified
Perils) - Provides coverage for repair or replacement for damage resulting
from a covered loss (collision, fire, theft, hail, windstorm, earthquake,
flood, mischief, or vandalism) to owned vehicles.
OCCUPATIONAL ACCIDENT (Occ/Acc) - Product designed specifically for owner operators in the trucking industry.
In most states, by being self- employed owner operators can opt out of state
mandated workers compensation coverage. While not the same as workers compensation,
occ/acc is similar in scope and intent. Most motor carriers require their
leased operators to be covered either by workers compensation or occ/acc at
the leased operators expense. For those who qualify, occ/acc is generally
a lower cost alternative.
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