Affordable Truck insurance from right stop insurance

Are You Independent Truck Owner?

No matter you are under permanent lease to a motor carrier or if you work under your own authority, as an owner operator you need Truck Insurance to protect your business and your livelihood. While some motor carriers may offer the additional trucking insurance coverages to you; you can often get a better deal by purchasing them yourself and keep yourself fully protected.

As an independent driver leased to a motor carrier, your owner operator truck insurance coverage needs are mainly determined by the lease agreement you have with your motor carrier. In most cases, a motor carrier provides Primary Liability insurance coverage when you are working on their behalf. Liability insurance covers injuries or damage to other people or property if you are at fault for an accident. However, you may need to purchase other owner operator truck insurance coverages which include Non-Trucking Liability insurance, Physical Damage coverage, and Motor Truck Cargo insurance.

Non-Trucking Liability insurance can provide protection for when your commercial truck is not under dispatch while Physical Damage coverage covers the cost of fixing or replacing your truck if it’s involved in an accident or stolen. Motor Truck Cargo insurance provides coverage for loss or damage to the load you are hauling.

If you are operating under your own authority you will need to carry your own commercial trucking insurance coverages including Liability insurance, Physical Damage coverage, Motor Truck Cargo insurance, and Motor Truck General Liability insurance.

Liability insurance pays for damages that you cause to other people and their property and includes Bodily Injury Liability insurance and Property Damage coverage. Physical Damage coverage pays for repairs to your vehicle if it is damaged in an accident, whether it is caused by a collision with another vehicle or a falling tree branch. Motor Truck Cargo insurance can pay for damages to the cargo that you are hauling in case of fire, theft, or an accident. Motor Truck General Liability insurance pays for injuries or property damage you cause as a result of business activities not directly related to operating your truck.

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