insurance

Thanks G/MAN - I am assuming the liability from the carrier is general business liability insurance, and has more to do with general company liability issues than just trucks. So I would need bobtail and then "physical damage" if I wanted that, and then the Occ/Acc.

Another question - if I am leased onto a carrier, and run on their authority, if I am under load, does their insurance pick up the cost for damage to my truck? Or is that where my physical damage ins kicks in?

Thanks again.

Oh - and it's BoyWander with an "a" because I "wander" about the country like a trucker does

My first boss, at the drugstore when I was 18yo called me Boy Wonder, and it kinda stuck, so this name is a variation on that. He still calls me Boy Wonder to this day even though he is retired by now, and I go visit him every so often and help him figure out computer problems.

 

Physical damage is provided by you

 

The carrier is required to carry auto liability, which is essentially the same as the liability insurance you have on your car in case you are in an accident and are found to be at fault. The main difference is the extent of the liability. Some states may only require as little as $25,000-50,000. Carriers ar required to carry much higher coverage. General liability is a different policy. Some carriers may have a general liability policy, but it is not necessary. The occupational accident policy is also your responsibility. It will pay for any medical bills if you are injured while on the job. It will also pay you a weekly salary while you are off work due to a work related accident, based upon the policy limits.

The carrier is only responsible for furnishing auto liability and cargo insurance. It is the responsibility of the owner of the equipment to provide their own insurance if they want to cover their truck. Collision insurance covers your equipment in case of an accident. If you are at fault, the carrier's policy would pay for damage to the other vehicle or property that was damaged by your truck. It would not cover the damage to your equipment. If you have older equipment it may or may not be worth the cost to pay for physical damage insurance. My state requires that I carry uninsured motorist insurance. That will cover my equipment in case someone hits my truck and they don't have sufficient insurance to repair the damage.

I am sorry for the misprint. Thanks for bringing it to my attention.