Specialty Insurance For Independent Truckers

Independent commercial truckers’ insurance needs and concerns are some that drivers working for large-scale motor carriers may never have to address.  They are often responsible for their own well-being and for keeping their trucks in working order.

Independent owner/operators don’t often need to worry about purchasing a primary trucking liability insurance policy, as such policies are often provided by the motor carriers who hire them.  This coverage is limited to the time spent under contract and leaves a gap in coverage for the independent driver.

Independent drivers are also responsible for any damages to their trucks.  These damages may be the result of an accident in which the truck driver is at fault or could occur while the vehicle is parked.  Trucking liability insurance would not cover repair costs in wither instance.

Because of these factors and more, it is important that independent drivers keep them selves covered with the proper insurance.  The following are three truckers’ insurance options commonly purchased by independent drivers.

Bobtail Insurance

Bobtail insurance is a form of non-trucking liability insurance that fills the gaps between jobs for independent drivers.  It acts as a liability policy in the times when a driver is not actively under contract.  Bobtail insurance helps save money as well, because drivers only pay for coverage when they need it.

Physical Damage Insurance

Physical damage insurance covers the cost of damages to an independent driver’s truck.  Physical damage insurance coverage is valid regardless of fault in an accident and also covers things such as fires, theft, or vandalism.

Trailer Interchange Insurance

In order to make hauls more cost-effective, drivers may swap trailers and complete each other’s jobs.  Trailer interchange insurance coverage ensures that the trailers remain covered by an insurance policy since the original coverage is voided once the trailers are exchanged. Trailer interchange insurance is also advantageous for motor carriers or trucking companies who hold trailer interchange agreements.

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For some related commercial truck insurance info, visit some of our additional articles like Commercial Truck Insurance: Occupational Accident Insurance for Independent Haulers or Truck Insurance: Primary Trucking Liability Insurance Explained