If you plan to be an owner operator truck driver in South Carolina, your most basic insurance necessity will be primary liability insurance. Without it, you cannot drive your truck because federal and state law requires it. This insurance covers you in accidents for which you are at fault. It covers both property damage and personal injury to the other party. It does not cover your injuries or damage to your commercial rig or cargo.
This insurance requirement protects the public by ensuring that they are compensated in accidents caused by trucks. Primary liability insurance also protects the owner operator from personal financial ruin in the event of an accident resulting in substantial property damage and/or personal injury or death. Because of their size and weight, trucks can cause considerable damage for which you can be held liable if you are found at fault. A primary liability insurance policy will shield you from damages you would otherwise have to pay for out of your pocket.co
These damages include the medical expenses of the injured parties, lost wages, pain and suffering, wrongful death, and any property damage. Without this basic owner operator insurance coverage, the other party and their lawyers can go after your wages, savings, and assets. No matter how careful and skillful you are as a driver or how diligent you are with your truck maintenance, accidents can happen to anyone. Both the public and the owner operator benefit from primary liability insurance. Of course this coverage is not sufficient for your operation because you will require insurance that covers damage to your truck and the cargo you are carrying.
Accidents on the road aren’t the only threats to your livelihood as an owner operator truck driver. There is storm damage, theft, vandalism, and other off the road incidents. To learn more about the insurance you will need as an owner operator in South Carolina, have a talk with a knowledgeable truck insurance agent. She or he can advise on what will work best for your unique circumstances. J.E.B. Insurance Services, LLC has 17 years of insurance underwriting experience and our experts will be happy to answer any questions you may have.