Owner Operator Insurance: Florida Commercial Truck Insurance Coverage

As an owner operator in Florida, your commercial truck insurance has to be prepared for every possible scenario on the road.

There are a huge number of potentially dangerous things you encounter every day from careless drivers to the weather. You counter those things by being well rested before you drive, keeping your commercial truck maintained and having owner operator insurance. Florida, like most other states, has a minimum requirement of liability insurance, but there are several other types of owner operator insurance to consider as well.

General liability insurance is the only type of commercial trucking insurance that an owner operator is legally required to maintain. It’s a basic commercial vehicle policy that pays out if your truck causes any damage. One popular liability option is called non-trucking liability coverage which covers you when you’re bobtailing. There are also several other types of liability coverage for owner operators including, but not limited to the following; uninsured and underinsured motorist protection, medical payment insurance and non-owned trailer liability coverage.

Truck physical damage coverage, although not a something you’re legally required to have, is a good idea. Instead of being covered minimally, these types of commercial truck insurance policies add a layer of protection that goes above and beyond general liability. Coverage types include things like collision, non-owned trailer damage, personal property insurance and comprehensive insurance. The type of physical damage coverage you choose can depend on a number of factors and the best way to figure out what you need is to talk to a Florida commercial truck insurance specialist.

Although it’s not a state requirement in most cases, cargo insurance may be required by the shipping company. Cargo can be extremely valuable and commercial trucks that are fully loaded are stolen every single day. The only way to keep yourself protected from being liable for the losses incurred if this happens is with a cargo insurance policy. It can also provide coverage for the cargo in case it’s damaged along the way.

Rates for Florida commercial truck owner operator insurance vary depending on the amount of coverage, deductible amount, the driving record of each person that will get behind the wheel, the value of your truck, etc. That said, owner operator insurance isn’t cheap, no matter what. Commercial trucks are big, heavy machines and drivers spend an inordinate amount of time on the road. Not only that, but they’re extremely expensive to repair or replace so insurance rates reflect that.

When you’re looking for owner operator insurance for your commercial truck or trucks within Florida, there are a lot of choices. It can be a daunting task to try and figure out just exactly what type of coverage is the best for your circumstances. You don’t have to go it alone, contact us with any questions you have about commercial trucking insurance in Florida. We’ll be happy to help you find the perfect policy.