Owner Operator Insurance for Trucking Companies: Protecting You Against Common -- and Uncommon -- Risks

When running a trucking company, you’ve more than likely thought through many of the risks you’re going to be taking: employees, accidents and so on.

You also will need owner operator insurance that will help keep you safe in some of the lesser-known risks associated with running a trucking business.

For example, you should be sure you acquire the commercial trucking insurance known as “bobtail” insurance for those times when accidents happen off the road and when your trucks are not operating.

What would happen if your rig was in the repair shop and fell off while up on the rack. It’s been known to happen and it could happen to you. Bobtail commercial trucking insurance will protect you should that happen.

Do you ever use a rig for personal use? Drive it to the market or even up to the mountains? Accidents can happen then, as well. Bobtail insurance will cover you.

And let’s not forget the need for cargo insurance. Owner operator insurance should almost always include cargo insurance. If your trailer is vandalized, in an accident or even stolen, cargo insurance protects you -- and the customer for whom you are hauling product -- in case the goods you are carrying are in any way damaged, lost or stolen.

If you’re a common carrier (and chances are, you are, since most trucking companies hire themselves out to many different companies to haul goods), you’re required to carry this type of commercial trucking insurance. You must purchase a minimum of $5,000, although the industry standard is $100,000.

J.D. Tanner & Associates has been helping trucking companies since 1992. We have seen many companies be penny wise and pound foolish when it comes to owner operator insurance. We can help you find the right kind of insurance for your trucking company at a price that’s right for you.

We look forward to being of service.