While there are many options available, most independent drivers can muster up all the truck insurance coverage they need simply with bobtail insurance and comprehensive coverage policies.
Heres a little more about each of these commercial truck insurance policies to help you understand where they fit into your employment situation before talking to an agent.
Bobtail insurance is a less-expensive form of primary liability truck insurance that covers your truck during the times you are not under contract. Once you have completed your haul, you are no longer considered to be acting in service of your contracted employer. Your liability coverage, therefore, is no longer valid.
Liability coverage is required to lawfully operate a commercial truck, so you need coverage for those off times. Bobtail insurance works by covering you during the times that you are not on the job. You save money in this way because you do not pay for extra coverage when a motor carrier is providing it to you.
This type of coverage is not required by law, but is a good idea for independent owner/operators looking to fully protect their assets. It covers damages to your own property sustained in accidents as well incidents like fires or vandalism. This extra bit of insurance helps you avoid paying out of pocket when your truck is in need of repair.
Get The Right Coverage and Stay Independent
In order to make it as an independent owner/operator, you have to be sure that you have coverage that meets your individual needs. With these to types of commercial truck insurance, you should be able to rest easy knowing that you are covered in any event.