International Risk Placement, Inc. 1821 Walden Office Square, Suite 210 Schaumburg, IL 60173-4268 US
Contingent Automobile Liability coverage provides investigation, indemnity, and defense to a truck broker for third party claims. An example of where coverage applies in a case wherein the truck broker relies upon a certificate of insurance received from the trucker to be valid and which turn out to be bogus. A claim ensues and the truck broker is brought into the claim or resulting suit. The Contingent Automobile Liability policy will provide investigation, indemnity, and defense for a covered claim.
Our program provides the truck broker with a Contingent Automobile Liability policy which can be tailored to provide limits of:
a) $1,000,000 any one occurrence/
$1,000,000 annual aggregate
b) $1,000,000 any one occurrence/
$2,000,000 annual aggregate
c) $2,000,000 any one occurrence/
$2,000,000 annual aggregate
d) $3,000,000 any one occurrence/
$3,000,000 annual aggregate
e) $4,000,000 any one occurrence/
$4,000,000 annual aggregate
f) $5,000,000 any one occurrence/
$5,000,000 annual aggregate
The Contingent Automobile Liability program can be written monoline.
We can also provide Seepage & Pollution Buyback for Contingent Automobile Liability. Limits are:
a) $100,000 any one occurrence/
$200,000 annual aggregate
Cont Auto, Cont Cargo, GL, BC, PL and S&P Buyback App (pdf)
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