Contingent Automobile Liability coverage provides investigation, indemnity, and defense to a truck leasing company for third party claims. An example of where coverage applies in a case wherein the truck leasing company relies upon a certificate of insurance received from the lessor be valid and which turn out to be bogus. A claim ensues and the truck leasing company 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 leasing company 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