Owner-Operator Insurance

What can owner-operator insurance cover?

Owner-operator insurance is for an independent contractor that owns and operates their truck for commercial purposes. An independent contractor must maintain owner-operator insurance for protection.

When you are under your own authority, you don’t have company-backed insurance to fall back on in case of an incident. An accident can set a business back financially, but owner-operator insurance can help your losses be as minimal as possible.

Get a Free Quote now

What is owner-operator insurance?

Owner-operator insurance is for an independent contractor that owns and operates their truck for commercial purposes. An independent contractor must maintain owner-operator insurance for protection. When you are under your own authority, you don’t have company-backed insurance to fall back on in case of an incident. An accident can set a business back financially, but owner-operator insurance can help your losses be as minimal as possible.

What can owner-operator insurance cover?

Owner-operator insurance may include various types of coverage. These coverages in your owner-operator insurance will depend on your specific needs as an independent contractor. At American Insurance Brokers, we’ll help you understand and choose the right types of coverage for your independent operations.

What is the difference between owner-operator and authority?

Still unsure when a Physical Damage insurance plan might be useful? Here are several examples of scenarios that highlight how this type of policy can be beneficial for truck owners.

Kind affordable Courier Transport.

You’re driving your tow truck to get to a job when suddenly it begins to hail. The road becomes slippery and you overcorrect, causing your truck to roll over. The damage is extensive, resulting in thousands of dollars in repairs. You will pay your selected deductible before the Physical Damage coverage kicks in. The insurance company will then pay the remaining amount (up to the limit disclosed in your policy).

Get a Quote

Move & Super Courier Transport.

We provide services in the field of road, sea, rail, air transportation and a full range of warehousing services.We provide services in the field of road, air transportation and a full range of warehousing services.

Get a quote

WHY CHOOSE US

What coverage does an owner-operator need?

Type and Size of Business

Coverage varies by trucking operation type and size, ranging from basic to comprehensive needs.

Independent Owner-Operator

A solo truck owner-operator usually needs essential insurance coverages for their business.

Small Fleet Owner-Operator

Small fleet owner-operators need broader coverage, including workers' comp, as they grow.

Large Fleet Owner-Operator

Large fleet operators require extra insurance protections to manage higher risks and losses.

To assess coverage needs.

Owner-operator insurance is vital for managing risks and ensuring business success in cargo transportation.

01 Price

Owner-operator insurance costs can affect your bottom line. American Insurance Brokers understands this, which is why we shop quotes for our owner-operators. We believe that you should be able to compare rates and choose what feels the most reasonable and cost-effective. We’ll even break down all of your requirements and how they affect your final cost.

02 Coverage

Whether you work independently or have a large or small fleet, your type of coverage needed may vary. American Insurance Brokers has experience in helping all types of owner-operators navigate coverages and choose only what is needed. We don’t believe in recommending coverages that you don’t need as an owner-operator.

03 Customer Service

When things go haywire, you need reliable and trustworthy support. Owner-operators need a partner they can rely on to answer questions, resolve issues, and perform annual policy reviews. Your business may change through the years, and we want to make sure your coverage adjusts accordingly. When shopping for quotes, it’s important to determine who will be your partner for the “long haul.”

Frequently Asked Questions About Owner
Operator Insurance

Owner-operator insurance is designed for independent contractors who own and operate their trucks for commercial purposes, providing necessary protection against various risks.

Owner-operators typically require general liability insurance, physical damage insurance, cargo insurance, and occupational accident insurance, depending on their specific business needs.

Obtaining insurance quotes is vital for comparing prices, ensuring adequate coverage, and managing business expenses effectively as an independent contractor.

States have varying minimum liability coverage requirements, which can range from $500,000 to $1 million, and may require workers' compensation for employers.

Cargo insurance provides coverage for the freight that owner-operators transport. It protects against losses from damage, theft, or other incidents that may occur while the cargo is in transit. This insurance is essential for safeguarding the financial interests of owner-operators and is often required by clients before hauling their goods.

Physical damage insurance is crucial for owner-operators because it covers the costs associated with repairing or replacing their trucks if they are damaged in accidents or by unforeseen events, such as natural disasters. Without this coverage, owner-operators would be responsible for all repair expenses, which can be financially devastating.

Reliable customer service is essential for owner-operators when selecting an insurance provider. When issues arise, owner-operators need a trusted partner who can answer questions, resolve claims, and perform annual policy reviews. Strong customer support ensures that coverage remains appropriate as business needs evolve over time, helping owner-operators manage risks effectively.

The cost of owner-operator insurance is influenced by several factors, including the type and size of the trucking business, the types of cargo being transported, the coverage limits selected, and the owner-operator's driving history. Additionally, state regulations and the specific risks associated with the owner-operator's operations can also impact insurance premiums. Understanding these factors can help owner-operators make informed decisions when seeking affordable and appropriate coverage.

We’re best transport agency for
give best quality service

REQUEST A QUOTE