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As an owner-operator can you have your own Cargo Insurance and be leased onto a company?

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2013-07-24 05:01:36
2013-07-24 05:01:36

As an owner operator, you are responsible for insuring your risk as the companies you work for will not be purchasing insurance for you.

If you would like work comp you should purchase that. You should also purchase commercial auto including liability, and cargo insurance. Your agreement with the companies you work for should clearly spell out who is responsible for the cargo during transit. This can help you understand how much cargo insurance coverage you may need.

Companies who use lots of owner operators have a hard time finding insurance since their insurance carriers have a tough time figuring out how much risk there is for the non-owned part of the auto exposure. It is normal for them to request copies of proof of your insurance so they can show that to their insurance carriers.

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