Trucking Company Contingent Liability Declared an 'Exportable' Coverage

Transportation company contingent liability for workers’ compensation has been declared an exportable line of insurance coverage by the New Jersey Department of Banking and Insurance. A line of coverage is added to the exportable list if the insurance commissioner determines there’s not an adequate market among authorized carriers in the state. A rule adding transportation company contingent liability to the department's exportable list took effect on Monday. The inclusion of a line of coverage on the list relieves insurance producers of the burden of obtaining thre...