Owner Operator Truck Insurance in Texas
Being an owner operator truck insurance driver means that you pretty much run your own business, but haul other businesses cargo. Being an owner operator also means that you require special insurance coverage to protect your own vehicle as well as the cargo you’re hauling regardless of whether you work under a permanent lease or under yourself. Heaton Bennett Insurance understands truck insurance. It’s really all we do. By working with the nation’s top truck insurance companies, we’re able to pair your risk with the best company, giving you comparative insurance quotes and coverage options.
Frequently, if you’re under a permanent lease by a motor carrier they provide you with liability insurance for property damage, and bodily injury for at fault accidents while you’re driving on their behalf. That being said, owner operators do need additional insurance coverage including:
- Non-Trucking Liability insurance
- Physical Damage Coverage
- Motor Truck Cargo Insurance
It is possible your motor carrier will provide you with these coverages too, but be sure to get a copy of what is provided and talk to your Heaton Bennett Insurance agent about owner operator insurance coverages you may need.
For Owner Operators who are working under their own authority, you’ll want to have the following insurance coverages:
- Liability Insurance
- Physical Damage coverage
- Motor Truck Cargo Insurance
- Motor Truck General Liability Insurance
For an insurance quote on your owner operator truck business, call Heaton Bennett Insurance.
Frequently Asked Questions
Does an owner-operator need insurance when leased to a motor carrier?
It depends on the insurance provided by the motor carrier and the lease agreement. Owner-operators should identify which risks the carrier insures and which remain their responsibility.
What insurance may be needed when operating under my own authority?
Needs may include options for auto liability, physical damage, cargo, trailers, and other business risks. The appropriate combination depends on equipment, cargo, contracts, and operations.
Does owner-operator insurance cover personal use of the truck?
Non-trucking liability or another coverage option may be available for certain personal uses. Texas owner-operators should review policy definitions because not every trip without cargo is considered personal.
Can owner-operator insurance cover leased or borrowed trailers?
Coverage may be available for certain trailers the operator does not own. Trailer interchange or other physical damage options may need to be considered depending on the agreement.
