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’re at fault for an accident.
You spend a lot of money on your trucking business, so you want to be sure it’s protected. After all, your truck is your livelihood – that’s why motor carrier insurance designed specifically for for-hire truckers is so important. Choosing the right motor carrier coverage is the best way to protect your investment and your business.
Truck insurance from one of Horizon Insurance Services partners will not only protect your business and provide the coverage you need, it offers you some of the best rates in the industry.
To operate under your own authority, motor carriers must often meet various financial responsibility regulations based on the weight of vehicles operated and commodities hauled.
Williams & Chases LLC makes it easy to obtain motor carrier filings for your required levels of financial responsibility. From the Form E to MCS-90 filing, Horizon Insurance can help. Once you obtain your motor carrier authority, we’ll take care of the rest. We’ll even file all of the paperwork for you.
Liability insurance – This mandatory insurance coverage pays for damages that you cause to other people and their property. Liability insurance coverage includes Bodily Injury Liability insurance and Property Damage Liability coverage.
Physical Damage – Can pay for repairs to your truck if it’s damaged in an accident, whether it’s caused by a collision with another vehicle or a falling tree branch and can include Collision insurance, or Comprehensive insurance.
Personal Injury Protection – insurance may be required by state. PIP Insurance pays for your personal medical expenses or for injuries sustained by your passengers – no matter who is at fault for the accident. States requiring PIP insurance are known as “no fault” accident states. This means that damages for injuries are paid for by a person’s own insurance regardless of who is at fault for the accident or whether or not the other person involved in the accident has commercial auto insurance coverage.
If you need help deciding which coverages are right for you, our licensed insurance representatives can help you build a customized policy to meet your private trucking needs.
At Horizon Insurance Services, we provide more than your basic commercial truck insurance. We offer affordable coverage for most commercial truck and tractor trailer combinations. So, you can basically consider your commercial truck insured. In many cases, it’s that simple.
Horizon Insurance Services offers state and federal filings assistance for our commercial truck insurance customers. An insurance filing is a guarantee to the government that you have adequate coverage for your vehicle. Once authority has been filed, we can take care of the rest.
We provide expert advice and representation for insurance-related matters. Contact us today to learn more.