Why Every Owner-Operator Needs More Than Just Basic Trucking Insurance

As an owner-operator, you’re more than just a driver; you’re running a business. While basic trucking insurance may be enough to meet legal requirements or motor carrier contracts, it often doesn’t go far enough to fully protect your livelihood. A single accident, cargo issue or equipment loss could put you at serious financial risk if your coverage isn’t comprehensive.

If you’re operating out of Batesville, Greenville, Grenada & Oxford, MS, it’s worth looking at what your policy does and doesn’t cover.

What Basic Trucking Insurance Typically Includes

Most leased owner-operators carry a basic policy that includes the following coverage:

• Primary liability coverage may cover injuries or damage to others when you’re at fault.

• Bobtail or non-trucking liability coverage may apply when driving without a trailer and not under dispatch.

• Physical damage coverage may cover repair or replacement of your truck after a covered loss.

While these elements form the foundation of trucking insurance, they often overlook some major risks that can impact independent operators.

Important Coverages to Consider Adding

Consider the following additional coverage to help shield your business from unexpected setbacks:

• Cargo insurance—This may cover damage or loss to the freight you’re hauling, which is often excluded from basic liability policies.

• Downtime coverage—This may provide compensation when your truck is inoperable due to a covered claim.

• Trailer interchange—This may offer financial protection for non-owned trailers you’re hauling under contract.

• Occupational accident coverage—This may offer injury protection if workers’ compensation does not cover you.

• General liability—This may add financial protection for accidents or claims that happen off the road, such as loading dock incidents.

Work With a Specialist Who Understands Trucking

If you’re hauling freight in or out of Batesville, Greenville, Grenada & Oxford, MS, now is the time to make sure your trucking insurance goes beyond the basics. Contact us to explore coverage options that help financially protect your rig, your cargo and your future.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.