Liability Coverage – What Is It?
Liability Coverage is like a safety net for accidents—it protects the carrier financially if they cause damage to another person’s vehicle or property during transport.
Think of it as a helmet for the business—if something goes wrong, liability coverage helps pay for damages, preventing major financial losses.
Example:
A carrier is transporting six cars when one vehicle accidentally rolls off the trailer, damaging another car. The carrier’s liability coverage helps pay for the repairs.