Liability coverage pays for property damage and/or injuries to another person caused by an accident in which you're at fault. This coverage is required legally to operate your vehicle.
Liability coverage is broken down into 2 parts: property damage and bodily injury.
- Property damage coverage pays for damage to another person's property
- Bodily injury coverage provides payment for others injured in an accident
Non-trucking liability protects owner-operators from liability claims when the truck is not being used for business purposes, whether or not there is a trailer in tow. Most companies require their contract drivers to have non-trucking liability insurance, as it protects them if you have an accident while not under dispatch.
Excess liability coverage offers financial protection and higher policy limits if a claim is made that exceeds the limit of an underlying liability policy. Many business owners use excess liability insurance as a cost-effective way to increase the limits on their underlying coverage, for any claims that might exceed their primary insurance coverage.