Why Getting Non-Trucking Liability Insurance Is Important?

July 1st, 2021   |   Updated on October 7th, 2021

Running your own trucking company, just like running any other business, comes with a variety of challenges. In order to make sure your business stays on track and you don’t experience any unpleasant surprises down the road, you need to focus on precautionary measures, and insurance is without a doubt one of the most important aspects.

However, you have to keep in mind there’s no one size fits all insurance policy that can have you covered in all situations. There are various insurance policies designed specifically for the trucking industry and each of them provides different levels of coverage for different situations. So, let’s see what non-trucking liability insurance is all about and why or when you should consider it.

What Is Non-Trucking Liability Insurance?

First thing first, let’s make sure everyone understands what non-trucking liability insurance refers to. Non-trucking liability or NTL is a type of insurance coverage for commercial trucks that provides an extra layer of protection on occasions when the owner-operator uses the truck for personal matters. It’s a policy that all owner-operators should have in place if they want to stay on the safe side.

Should you get involved in a car accident while driving your commercial truck when you’re off the job, having an NTL will ensure peace of mind as it provides liability coverage for property damage or bodily injury to third parties in such situations.

Alongside bobtail coverage, which provides coverage for driving trucks without a trailer for commercial purposes, getting a good non-trucking liability insurance is one of the most important aspects to take into account when starting your own trucking company.

Why Do You Need It?

If it’s still not obvious why it’s crucial to invest in a good non-trucking liability insurance, we’re going to expand further on the topic.

A lot of owner-operators also use their trucks to run their own errands or for other personal matters. Imagine you’re driving to the grocery store in your commercial truck or you’re heading home with an empty trailer after you’ve dropped off a load for your motor carrier. The moment you’ve completed your job task, you’re no longer covered by the commercial auto insurance policy or truckers liability insurance.

So, unless you have an NTL in place, you’re uninsured. Needless to say, the last thing you want is to get into an accident that produces significant damages without having insurance to cover for it. If you plan on using your commercial truck for personal purposes, NTL is a must.

Apart from the above-mentioned scenario, there’s also another aspect you need to consider. Motor carriers also require owner-operators to purchase non-trucking liability insurance as part of the lease agreement, in order to make sure there are no open exposures in case an accident happens.

As they say, it’s better to be safe than sorry, so don’t take any unnecessary risks and take the time to look for the best non-trucking liability insurance for your trucking company.