Sparks Insurance, Inc.

What do YOU really need?   This has always been a concern for an Owner/Operator.  All Owner/Operators leased to a Motor Carrier need to review their lease (contract) with an attorney or other legal professional.  We are finding many leases containing ‘Hold-Harmless” or Indemnity clauses in favor of the motor carrier; NOT, you, the Owner/Operator.

 The insurance section(s) may denote the need for NTL-Bobtail, but further in the lease/contract there maybe language that makes you the Owner/ Operator responsible for MORE than just the NTL-Bobtail exposures.  Such as the ‘deductible’ for cargo or property damage you cause or even much more. 

 We caution you that should a large loss occur, you could be personally included in a lawsuit and the NTL would not be able to protect or defend you beyond the scope of the NTL-Bobtail policy.

Should you have such a “Hold Harmless” clause or language in your lease/contract, we do recommend that you obtain primary/truckers auto liability and possibly cargo too.  With proper endorsements coverage would go beyond the NTL-Bobtail limitations. 

 You will not need the NTL-Bobtail policy also, and the Trucking (primary-truckers auto) policy, if “you”, the insured, are an individual or a corporation & you, the corporate officer, are the driver for your corporation which owns the vehicle(s).  The need for cargo coverage will depend on the lease/contract terms.

Call Sparks Insurance, Kenosha, 262/ 697-9600 to learn more or go to  weinsuretrucks.com  for more info on their products.

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