Trucking Liability Insurance

Truckers have unique insurance needs. The motor carrier policy, truckers policy, trailer interchange coverage, motor truck cargo insurance, and insurance for nontrucking use (IFNTU) are all examples of insurance solutions specifically designed to meet the needs of truckers.

This white paper explores the IFNTU coverage, focusing on what IFNTU is, solutions for addressing the exposures of IFNTU, and the court decisions interpreting the scope of IFNTU.

In the competitive marketplace, IFNTU policies are sold either individually (usually in conjunction with the owner-operator physical damage coverage) or as part of a group of owner-operators permanently leased to a single regulated motor carrier. Since the latter can generate substantial premiums, some retail truck producers and truck insurers aggressively seek such IFNTU fleet policies.

Your takeaways from this report include the following.

• Trucking terminology: the trucking industry versus the insurance industry
• What IFNTU is and why it was developed
• Solutions and insurance coverage addressing the IFNTU exposure
• The coverage, claims, and court interpretations of IFNTU exposures

For over 40 years, International Risk Management Institute, Inc. (IRMI), has been a premier provider of practical and unbiased risk management and insurance information to corporations, law firms, government, and the insurance industry. This information is developed by the most experienced research and editorial team in insurance reference publishing in partnership with a host of industry practitioners who work with us. We take great pride in giving you up-to-date, objective, and practical strategies, tactics, and solutions to help you succeed and prosper in a changing insurance and risk management environment.