Our Products & Services
Owner-operator Insurance
Workplace Injury Insurance
Owner-Operator Insurance
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As an owner-operator, you have a unique set of needs when it comes to insurance. Unlike company drivers, you are responsible not only for your vehicle but also for the success and protection of your business. Owner-Operator Insurance is specifically designed to cover the risks and challenges that come with owning and operating your own truck.
This specialized insurance helps protect your assets, income, and business operations from the unforeseen risks of the road, giving you the peace of mind to focus on running your business successfully.
Alternative Risk Programs
Auto Liability
Cargo Coverage
Claims Services
Excess Policies
General Liability
Owner-Operators
Physical Damage
Safety + Risk Control
Specialty Coverages
Workers Compensation
Key Coverages for Owner-Operators
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Commercial Auto Liability Insurance: This coverage is essential and protects you if you're at fault for an accident involving other drivers, pedestrians, or property. It covers medical expenses, property damage, and legal defense costs if you face a lawsuit.
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Physical Damage Insurance: Covers damage to your truck in the event of an accident, theft, or natural disasters. This coverage ensures your truck can be repaired or replaced so you can stay on the road and continue earning.
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Cargo Insurance: If you’re transporting freight, this coverage ensures the goods you're hauling are protected against theft, loss, or damage during transit.
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Non-Trucking Liability Insurance (Bobtail Insurance): Provides coverage for when you’re driving your truck without cargo or when you're off-duty. This ensures you’re protected if an accident occurs while you're not engaged in an active haul.
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Motor Truck Cargo Insurance: Specifically designed for the cargo you carry, this insurance covers the goods being hauled from damage, theft, or loss while in transit.
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Umbrella Insurance: Additional coverage to protect against large claims that exceed the limits of your primary insurance. This is important for owner-operators who want extra liability protection.
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Workers’ Compensation: If you have employees working with you, workers' compensation insurance covers medical bills and lost wages if an employee is injured on the job.
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Physical Damage Coverage: Protects your truck against physical damage from accidents, natural disasters, or vandalism.
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Trailer Interchange Insurance: If you’re using a trailer that doesn’t belong to you, this coverage helps protect the trailer in the event of an accident or other damage.
Why Owner-Operator Insurance is Essential
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As an owner-operator, your truck is your business. Without the right insurance coverage, your livelihood is at risk. From road accidents to property damage or even theft, owner-operators face unique risks that require comprehensive and specialized coverage.
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Owner-Operator Insurance helps protect you against financial losses caused by these risks and ensures you're in compliance with the trucking industry's insurance requirements. Plus, with proper insurance, you can build trust with your clients, proving that you’re a responsible and reliable professional.
How Much Insurance Do Owner-Operators Need?
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The amount of insurance you need will depend on a variety of factors, such as the size of your truck, the type of freight you're hauling, and the states you are operating in.
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Federal Regulations: If you're operating across state lines, you must comply with the FMCSA regulations, which mandate minimum coverage amounts.
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State Regulations: Each state has its own requirements, so it's essential to be aware of the local rules.
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Type of Cargo: Hauling hazardous materials or high-value goods will require additional coverage.
