Becoming an owner-operator in the world of trucking is an exciting step forward in your career.

It offers the freedom to choose your own routes, set your rates, and run your own fleet operations. However, with this newfound independence comes the responsibility of managing essential aspects of your business, and one of the most critical components is commercial truck insurance.

It's vital to understand the various aspects of commercial truck insurance and how they can impact your operations. Lucky for you, we are trucking insurance experts and can help provide crucial protection for drivers, trucking companies, the cargo, and fellow road users - GET A QUOTE TODAY.

Liability Insurance

Liability insurance is the foundation of any owner-operator's insurance program. It provides essential coverage in the event of an accident or collision. Even if you have a perfect driving record, having the right liability coverage is essential.

Physical Damage Insurance

Physical damage insurance is another crucial component of an owner-operator's insurance program. It covers the current value of your truck and provides protection against damages resulting from various incidents.

Cargo Insurance

Cargo insurance is a must-have coverage for owner-operators, as it protects the valuable freight you transport. While the standard requirement is to carry $100,000 in cargo insurance coverage, trends in the industry indicate that this limit may need to be increased, especially considering the type and value of the cargo being hauled.

Non-Trucking Liability Insurance

Also known as bobtail insurance, it provides coverage when your truck is not under dispatch, such as during personal use.

General Liability Insurance

Protects against third-party claims, including bodily injury or property damage, that may arise from your operations.

Workers' Compensation and Occupational Accident

Essential if you have employees, as it provides coverage for medical expenses and lost wages in the event of work-related injuries or illnesses.

Conclusion

As an owner-operator, it's essential to explore and understand these various insurance options. Each coverage type plays a specific role in safeguarding your business, assets, and financial well-being. At LuckyTruck, our expert brokers in insurance and our cutting-edge digital app can steer you to reliable insurance solution for all your insurance needs. - GET A QUOTE TODAY.