Downtime Claims – What Owner Operators Need to Know
You’re in an accident with another truck. The other driver admits fault, so you file a claim with their insurance company. You expect to be
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Commercial Insurance in the Expediting niche of trucking is very industry standard at this point. In other words, it’s hard to get a load if you can’t prove you have at least this coverage:
| Primary Commercial Auto Liability | $1,000,000 CSL |
| Cargo | $100,000 |
Learn about the difference between Primary commercial auto liability and general liability here.
If the Owner Operator has leased on to a bigger Motor Carrier, then the Motor Carrier provides the Primary Commercial Auto Liability. Per contract, the Owner Operator is still responsible for providing Non-Trucking Liability which means he’s insuring himself while not operating on behalf of the Motor Carrier.
Primary Commercial Auto Liability costs much more because it insures 24/7.
Non-Trucking Liability costs much less because it’s only part time coverage.
Premiums vary WIDELY from state to state.
The premiums also vary widely between Primary Commercial Auto Liability and Non-Trucking Liability.
Obvious other factors such as:
all come into play.
Read our list of 10 tips to reduce your premiums.
Have your drivers license and VIN number ready to get a fast commercial auto quote on your cargo van or sprinter.
The ladies at CIS love to chat, have many contacts and can give you a lot of free advice on which direction to go.
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