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What Is Contingent Liability Transportation Insurance?

April 26, 2017Contingent Insurance liability Transportation

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What Is Contingent Liability Transportation Insurance?

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In the transportation industry, there seems to be insurance for just about anything. Contingent liability transportation insurance is no different. The term itself sounds like something that came straight out of John Grisham novel; probably because lawyers were involved in assigning the name. Notwithstanding, this insurance serves several purposes. Breaking the term in to smaller parts will help understand exactly what it means.