Owner ops are you buying worker comp insurance for yourself?

Discussion in 'Ask An Owner Operator' started by Realpeace trucking, Mar 11, 2022.

  1. Realpeace trucking

    Realpeace trucking Bobtail Member

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    I am a new owner operator, just wondering, if I should buy work compensation insurance for myself, how are your guys doing ?
     
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  3. Midwest Trucker

    Midwest Trucker Road Train Member

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    Yes, most companies you lease into will require it, but if you have your own authority it’s still probably a good idea. Google Occupational Accident insurance.
     
    Long FLD Thanks this.
  4. Long FLD

    Long FLD Road Train Member

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    Getting an occupational accident policy on yourself will be cheaper than an actual work comp policy.
     
  5. abyliks

    abyliks Road Train Member

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    In a lot of states you still need an actual workmans comp policy even if you exclude yourself for it, basically ~$500 for a piece of paper
     
  6. Derailed

    Derailed Road Train Member

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    I have to carry it on myself. I am in a safety group and my policy runs me around $5k year based on what I pay myself.
     
    Last edited: Mar 12, 2022
  7. Realpeace trucking

    Realpeace trucking Bobtail Member

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    I got one quote in California, it will cost me $6500 per year,.
     
  8. Midwest Trucker

    Midwest Trucker Road Train Member

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    I wouldn’t think Oc Ac would be more then $2500 per year. I could be wrong though but my owner op indicated that’s how much is was.
     
    bumper Jack Thanks this.
  9. Long FLD

    Long FLD Road Train Member

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    It’s always been around $150 or so thru OOIDa for oc/acc insurance.
     
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  10. Short Fuse EOD

    Short Fuse EOD Road Train Member

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  11. bumper Jack

    bumper Jack Heavy Load Member

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    I think I pay 165 for it, through them.
     
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