Follow this link to access the infographic’s main page, where you can click through the image associated with each type of insurance for more information from the Commercial Insurance Solutions agent on what they typically see from owner-operator customers in each area.A new infographic from the Commercial Insurance Solutions (CIS) trucking-specific insurance agency details in a quick glance four different types of common insurances it brokers for its owner-operator clientele, whether leased or with their authority.
- Commercial auto liability. For independent owner-operators with authority, this is the big-ticket fixed insurance cost that leased owner-operators just don’t have. What they do have, however, are other kinds of liability needs when not under dispatch hauling a loaded trailer. With each of these sections via the CIS infographic, you can click on the image associated with the section for more detail. (Read plenty more from our own recent coverage of primary liability rates, particularly for new business with operating authority, via this link.)
- Physical damage. Commonly carried comprehensive/collision coverage of both independent and leased owner-operators’ equipment.
- Cargo. Typical coverage amounts here are meant to insurance carried cargo while in transit — it’s most common for a $100,000 policy limit to be requested, CIS says.
- General liability. Different from auto liability, this insurance is meant to cover claims that arise from accidents incurred during work but not while driving.
You can access CIS’ explanatory insurance resources via this link to the main infographic page.
