If you’re an owner-operator of a truck, you know how important insurance is. You’re one of the more dangerous vehicles on the road, things happen, and sometimes, things out of your control can occur.
However, one type of insurance might have eluded you so far, and it’s crucial if you ever use your truck for non-work purposes.
Here’s an introduction to Non-Trucking Liability Insurance explained.
What is Non-Trucking Liability Insurance?
Non-Trucking Liability Insurance, or NTL for short, is a form of insurance policy that protects you legally and financially while you’re using your truck for various tasks off-the-clock.
Maybe you want to take it to go to the local Home Depot to pick up some materials for a personal project, or you’re on your way home and need to stop to get dinner for the family. What if you accidentally get into an accident?
Your normal insurance typically won’t pay for it because it wasn’t a trucking-related accident. Explore non-trucking liability explained. That’s where NTL comes in to prevent you from taking full financial responsibility for damages or injuries that you cause.
Essentially, this is a simple liability policy for when you’re not using the truck for official business.
Who is NTL for?
NTL is primarily for those who are owner-operators. You own your truck and technically own your business. However, you’re permanently leased to a motor carrier company. In short, you’re an independent contractor who works permanently with an employer.
This is because you don’t get the benefits of having an employer when you’re an owner-operator working under those conditions, but you do have the freedom to use your truck however you see fit. NTL plugs a hole in your insurance policy that would otherwise be taken care of by an employer.
Why is NTL Important?
As an owner-operator, any time you’re driving outside of the official business you have with your motor carrier, you’re essentially a normal driver who happens to be in a big truck. The insurance meant to protect you during work, or any options provided by the motor carrier doesn’t apply.
It’s also easy to end up in that situation without thinking of it. As we said, it can be a simple trip to the store.
Anything can happen on the roadway regardless of how good of a driver you are. A simple trip can end up with you totaling someone’s car or even injuring them, and the cost of such an incident can be extremely high if you don’t have NTL to help pay those costs.
Do You Have to Have Non-Trucking Liability?
We understand that it’s another expense, and no one wants to deal with that. So, you’re probably wondering if it’s required for you to have an NTL policy. Well, no. You aren’t legally obligated to. Just remember that you will be fully responsible for the costs associated with any accident you have when you aren’t covered by NTL. Thomas Wilson Group LLC can help!
Get Your NTL Coverage Today
Every time you hit the road without NTL, you’re risking your financial security. Contact Thomas Wilson Group LLC today to get insured and stay protected.
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