Auto Liability
AUTO LIABILITY INSURANCE
Also known as Primary Auto Liability. Either you are a truck or truck fleet owner, there is a chance that you are subject to the same insurance policies as any other truck owners. Hence, the need for carrying primary liability revolves around the coverage of damages caused to other people’s property and even themselves. To move on to the USA's Federal highways, you are legally required to carry proof of financial responsibility.
Additionally, being the foundation of any good truck insurance package, Primary Liability insurance is a must-have for your company to be legally operational in the US. Primary liability is the minimum required insurance coverage that must be in place, besides cargo insurance. Note that primary liability insurance is not subject to the coverage of damage caused to your vehicle or the goods transported by it.
What is primary liability insurance?
Primary Liability insurance is what will cover the expenses to restore the damages caused to public property by your equipment in case of accidents. This type of guarantees also encompasses the damages which others driver sustain during the misfortunate events.
When it comes to coverage of your losses which may be caused by offenses such as theft, vandalism, and disasters such as fire, primary liability insurance is not deemed to cover any of it. Without having complementary policies tailored specifically for the coverage of your cargo, truck or trailer, all of these valuable assets are at risk.
What if the accident/incident is not your fault?
Since the Primary Liability Insurance is not something which can cover damages caused to you, in case of accidents caused by other’s fault, you will be at the complete mercy of the liability insurance coverage of the party at fault.
The deductible amounts and the type of policies held involved in the insurance coverage of more than two parties will determine the escalation in the costs for all the involved parties which possess Primary Liability Insurance.
How can I protect my truck and related investments?
Protection of trucks and related investment can kick-start by purchasing Primary Liability Insurance. For an all-encompassing and well-rounded insurance package, ensure that it offers you Cargo and Trailer Insurance as well as Comprehensive Insurance.
With an exception to the coverage of collisions and related damage to your truck, the Comprehensive package will offer you protection against all costs which may cause your vehicle in its operational or non-operational conditions. It is all-inclusive and all-encompassing in nature. Adding it to your insurance coverage will protect you from any damage to your truck.
During the events of loss, damage or rollover caused by accidents, Cargo and Trailer insurance will protect you from being financially responsible for the coverage of any damage caused to the goods transported or your additional equipment.
The difference between primary liability insurance and general liability insurance:
Primary Liability insurance offers coverage against the damage caused by your trucks whereas, the General Liability Insurance is subject to protecting your business any sorts of litigation which may result from various conditions faced during day-to-day activities.