Owner-operators have a unique set of needs and this chapter focuses on their insurance issues. Owner-operators are businesses themselves, they have assets that need to be protected, including their trucks, their independence, and their livelihood. Owner-operators purchase their insurance, which may include liability insurance, physical damage insurance, and cargo insurance, among others. These policies are needed to protect against potential liabilities for accidents, lost cargo, or damage to the vehicle.

Liability insurance is also a must, covering damages to other people’s vehicles or property in the case of an accident. A physical damage policy ensures the owner-operator’s truck and trailer against damage from collisions or other accidents, theft or vandalism, flooding, or other natural disasters. Finally, cargo insurance covers the commodities that you’re hauling if they’re ruined or lost while in your care. A special provision must be drawn up if you’re going to be hauling a high-value load.

Some people own one or even multiple trucks – owner-operators. TruckX knows that they need the right kind of insurance. Providing tools to help them track compliance and monitor vehicle issues means that owner-operators can run their business without having to worry about when insurance is needed – and TruckX can be there reliably when they need it most.