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Occupational Accident
insurance
Owner-operators bear the responsibility of safeguarding themselves in the event of a work-related injury. In such cases, having an occupational accident insurance policy in place is a lifeline that can help cover medical expenses and compensate for lost wages.
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Occupational Accident insurance
in trucking
Being a business owner entails inherent risks, prompting entrepreneurs to seek ways to mitigate financial losses when unforeseen injuries transpire. Occupational accident insurance is a powerful tool in minimizing financial strain when an unexpected injury occurs.
In a typical employee scenario, if a work-related injury happens, the company's worker's compensation policy covers medical costs, rehabilitation, and a portion of lost wages. This safety net benefits both the employee and the company.
Likewise, independent truckers with an occupational accident policy enjoy similar protective measures. This insurance covers medical care, rehabilitation, and a portion of lost wages up to the specified policy limits.
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What is covered?
Medical Expenses
Resulting from injuries sustained while on the job. This includes hospitalization, surgeries, doctor's visits, medications, and rehabilitation costs.
Accidental Death and Dismemberment
If an accident leads to a tragic outcome or the loss of a limb or bodily function, the policy can offer a lump-sum payment or ongoing benefits to you or your beneficiaries.
Temporary Total Disability
Provides financial support in the form of a weekly or monthly benefit to the injured trucker who is temporarily unable to work due to the accident but is expected to recover and return to work.
Continuous Total Disability
Ensures ongoing financial assistance if the trucker becomes permanently and completely disabled, unable to return to work after the covered accident.
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insurance coverage
for every aspect of your business: comprehensive commercial coverage
Frequently asked questions
We’ve compiled this list of frequently asked questions to help you better understand the various types of coverage we offer and how they can protect your business. Whether you’re a fleet owner or an owner-operator, our goal is to provide you with the information you need to make informed decisions about your insurance needs. Feel free to contact us if you have any questions left.
What insurance coverage do I need as the truck owner operator?
As the owner operator, you will need physical damage insurance and non-trucking liability as well as occupational accident insurance. The motor carrier should provide primary liability and cargo coverage. Please make sure to check your lease agreement for the coverage required. Sometimes physical damage, non-trucking liability and occupational accident can be provided by the carrier
What is covered under Physical Damage Insurance?
It covers damages of your truck or trailer resulting from an accident and loss from vandalism, theft, fire, wind or hail.
What is covered under Non-Trucking Liability?
It covers expenses associated with injuries to others or damages of their property caused by you when using your truck for non-business purposes.
What insurance coverage do I need for my trucking fleet?
For a trucking fleet, you need comprehensive coverage including Trucking Liability, Cargo Insurance, Physical Damage, Occupational Accident, General Liability, and Umbrella Insurance (optional)
What happens if one of my trucks is involved in a multi-vehicle accident?
If one of your trucks is involved in a multi-vehicle accident, Trucking Auto Liability Insurance will cover bodily injury and property damage claims. If the total claims exceed your policy limits, Umbrella Insurance will provide additional coverage to protect your business from large financial losses.
What if the value of my cargo exceeds the policy limit?
If the value of your cargo exceeds the policy limit, you would need to cover the excess amount out of pocket. Consider discussing higher coverage limits with your insurance provider to ensure your policy meets the needs of your high-value shipments. However, Umbrella Insurance generally does not cover cargo claims, so it’s important to have adequate Cargo Insurance limits.