National Indemnity Public Auto Application - PIU Home 2025

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Purpose of a Letter of Indemnity An LOI lays out clear steps to protect the innocent party from any financial harm that might happen during the deal, as agreed upon in the contract. So, its basically like a safety plan to keep everyones pockets safe when doing business.
The employer will in some cases require a letter of indemnity from the insurance company. This means that if the insured has an accident while driving the car for work, the employer will not be held liable. This applies to those who use their car for work in some cases.
The National Indemnity group of insurance companies boasts high financial strength ratings from Standard Poors (AA+ Rating) and A.M. Best (A++ Rating).
Accepting an indemnity letter carries risks, such as: Potential insurance invalidation. Enforcement challenges in legal proceedings. Dependence on the granters financial stability.
National Indemnity Company (NICO) is one of the leading property/casualty members of the Berkshire Hathaway group of insurance companies. NICO offers one of the widest selections of commercial insurance products in the industry and the stability that agents and insureds have depended on since 1940.

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Who Issues the Letter of Indemnity? The LOI is a crucial document, because it protects the shipper from unforeseen losses. It is typically written by a third party, such as an insurance company or a bank, and clearly defines the terms and obligations that both parties must meet.

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