Moreover, the physical damage insurance consists of two parts:
- Collision Insurance;
- Comprehensive Insurance;
2. Non-trucking liability insurance
In general liability policies are not covering your tractor when it is detached from the trailer. This insurance will cover you when you are using the truck for personal purposes.
3. Other Coverage
- Primary Liability Insurance- covers damage done to other people’s property;
- General Liability Insurance- covers damage done when you are not behind the wheel;
- Cargo Insurance- covers damage done to the cargo you haul;
- Occupational Accident Insurance- covers injuries you sustain on the job;
13. Leased Owner Operator Permitting Requirements
When a leased owner operator signs a lease agreement to operate for a motor carrier, then the motor carrier becomes the authorized carrier, whereas the leased owner operator will be operating under the motor carrier’s authority, USDOT number as well as a public liability insurance.
