Truck brokers, who own no equipment, seek this coverage to protect themselves in the event one of their contract truckers has a coverage issue. The truck broker may hold a certificate of insurance for their contract trucker, but occasionally that certificate may be invalid due to mid-term cancellation, exclusions, etc.
Here's an example of coverage: an independent trucker provides a certificate evidencing liability/cargo coverage. The load is transported, resulting in a loss. Coverage for the independent trucker is not valid due to mid-term cancellation.
Contingent Auto Limits Available:
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