Contingent Auto Liability Insurance

Contingent auto liability insurance is a type of commercial insurance responsible for protecting the lessee of a vehicle when it comes to any third-party liability claims. This type of insurance also provides legal liability protection to a third party in conjunction with a commercial vehicle.

This type of policy is different from an ordinary auto insurance plan because it only comes into play if the owner is legally liable for any kind of automobile accident.

Typically, contingent auto liability will also provide coverage in cases where the insured vehicle was involved in some type of sanctioned activity or business transaction at the time of an accident.

The cost of contingent auto liability insurance mostly depends on the type of business being conducted by the owner.

This is because each business typically has an inherent risk profile associated with it, which in turn changes how much you could potentially pay for your policy.

To find the exact figure you'll need to pay for your individual circumstances, you can apply directly on our website to get a free quote.

Typically, contingent auto liability insurance covers an insured's legal liabilities that result from operating a vehicle for sanctioned business purposes.

This can include liability arising from any number of different situations, including collisions with other vehicles or property, bodily injury to third parties, or damage to other people's property during the course of operating a vehicle.

Contingent auto liability insurance is different from an ordinary auto policy in that it only covers the owner of the vehicle if he or she is held liable for the accident, or if a third party is contractually responsible for any or part of the accident through vicarious liability (when one party is partly held responsible for the actions of a third party).

Ordinary auto liability policies, on the other hand, protect the vehicle owner from bodily injury and property damage to their vehicle and to others involved.

Although it is not legally required by state laws, contingent auto liability insurance can be a useful protection mechanism for any business that leases its vehicles to others or provides a service to a commercial vehicle owner.

Having contingent auto liability insurance is one great way of protecting your business from any heavy financial losses from claims or lawsuits in the event of an accident.

Contingent auto liability insurance is not readily available through most standard commercial policy providers, as it's meant for unique circumstances.

Instead, you should contact a contingent auto liability insurance provider directly to see if it can provide coverage for your business. You can apply directly on our website to get a free quote.

Primary Auto Liability Insurance is the most basic auto insurance coverage. It provides sufficient cover for injuries and damage to other people and/or their property if the accident was your fault.

Contingent Auto Liability Insurance on the other hand is specifically designed to protect brokers in the event that they are held responsible for the actions of motor carriers.

For instance, if a motor carrier is involved in an accident, and one of the third parties has suffered bodily injuries or damage to property, this insurance will provide all the necessary cover to the broker.