Insuring Owner-Operators: What You Need to Know

Owner-operator truck insurance solutions cater to a range of drivers in different circumstances. Whether you use owner-operators in your business, are a long-distance trucker or are an independent owner-operator operating with your own authority or working under a permanent lease to a motor carrier, insurance that safeguards your drivers, assets and livelihood while also covering medical expenses is essential.

Why Is Owner-Operator Insurance Necessary? 
A single severe accident or lawsuit could have devastating consequences for your trucking business and future income. It’s crucial to select your owner-operator truck coverage carefully. 

Your core coverage typically includes liability policies mandated by state and federal regulations. Your agent can help you understand how these laws apply to your business.

The key to obtaining the best protection is to work with an insurance broker who takes the time to understand you and your business, explains your insurance options and works to find the most suitable coverage.

What Does Owner-Operator Insurance Cover? 
In addition to core liability coverage, your agent may recommend that you include coverage for the following with your owner-operator truck insurance:

• Non-trucking liability
• Bobtail coverage
• Physical damage
• Occupational accident and workers’ compensation
• Cargo or cargo-deductible buyback
• Personal property
• Passenger accident
• Medical coverage
• Life and disability

Once you have obtained fundamental owner-operator truck insurance coverage, several additional options are worth considering. These options help fill any gaps in your coverage and provide protection against specific risks for your business and drivers:

• Trailer interchange—This coverage is essential if you enter into a trailer interchange agreement, as it may help cover the costs of physical damage during such situations.
• Long-haul trucking—Extended trucking operations can leave you without coverage. If you are a super-regional or nationwide truck owner-operator, your policy should include this coverage.

By carefully selecting owner-operator truck insurance and considering additional coverage options, you can safeguard your business and drivers, providing peace of mind for your operations on the road.

Contact Us 
Your organization’s truck insurance options and premiums are influenced by factors such as your company’s location, driving experience and history of accidents and violations.

The agents at Trucking Insurance Services have a deep understanding of the market. We offer cost-effective owner-operator truck insurance with extensive coverage. We can help ensure that you, your business and your equipment are adequately protected.

Contact Trucking Insurance Services in Cumming, Georgia, to get owner-operator trucking insurance tailored to your needs.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.