Insurance Requirements for Owner Operators Beavercreek, Ohio
JDW Truckers Insurance can answer your questions regarding Insurance Requirements for Owner Operators Beavercreek, Ohio. We work with the top commercial truck insurance companies and will help you find affordable owner operators truck insurance.
We have a large network of commercial truck insurance companies Beavercreek, Ohio with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Beavercreek, Ohio in place you will be insured by a financially stable commercial truck insurance company. This is important for many reasons. Contact JDW Truckers Insurance and our agents will review the reasons owner operators should choose their insurance company wisely. Not all owner operator truck insurance policy are created equally.
We will help you customize your owner operators trucking insurance policy to suit your needs and fit your budget.
From one application we can shop & compare commercial truck insurance rates for the top-rated commercial truck insurance companies for you. We will help you find the required commercial truck insurance coverages at affordable rates.
Here are some of the top 10 commercial truck insurance companies which offer commercial truck insurance quotes.
We know trucking and the commercial trucking insurance requirements
- Knight
- Trisura
- Berkley Prime
- Falls Lake
- Progressive
- Travelers
- Seneca
- Great Lakes
- Allied World
- Allianz
- Ace Hazmat
- ACE Fleet
- United Specialty
- Hudson Fleet
- Markel
- Chubb
- Tokio Marine
- National General
- Lexington
- AIG
- Great American
- ACE / Westchester
- NICO
- National Casualty / Nationwide
- Scottsdale Brokerage
- IAT
- Crum Forster
- Canal
- Northland
- USLI
- James River
- IFG – Burlington
- Penn-America
- Century
- Hallmark
- Carolina Casualty
- Protective
Auto Liability Insurance
- Your auto liability or primary liability will be the major cost for your trucking insurance policy. Although the FMCAS can only require $750,000 in most cases shippers will require $1,000,000 in primary liability insurance coverage before they will allow you to pick up loads.
- Primary liability insurance covers damages to third parties for bodily injury and physical damage to others property in the event of an accident.
Medical Pay
- In most cases this is a low cost add on to your primary liability insurance to cover medical expenses.
PIP – Personal Injury Protection
- Some states require this coverage and, in many cases, can reduce the need for Medical Pay.
- Personal injury protection (PIP), also known as no-fault insurance, covers medical expenses and lost wages of you and your passengers if you’re injured in an accident. PIP coverage protects you regardless of who is at fault.
Uninsured Motorist
- If you’re hit by a driver with no insurance…
- Uninsured motorist bodily injury (UMBI) may pay medical bills for both you and your passengers.
- Uninsured motorist property damage (UMPD) may pay for damage to your vehicle.
Underinsured Motorist
- If you’re hit by a driver with not enough insurance…
- Underinsured motorist bodily injury (UIMBI) may pay medical bills for both you and your passengers
- Underinsured motorist property damage (UIMPD) may pay for damage to your vehicle
Motor Truck Cargo
- MTC or Cargo insurance provides insurance on the freight or commodity hauled by a for-hire trucker. It covers your liability for cargo that is lost or damaged due to causes like fire, collision or striking of a load.
- If your load is accidentally dumped on a roadway or waterway, some cargo forms offer Removal Expenses coverage pays for removing debris or extracting pollutants caused by the debris. And can also pay for costs related to preventing further loss to damaged cargo through Sue and Labor Coverage and legal expenses in the defense or settlement of claims. Another option is Earned Freight Coverage to cover freight charges the customer loses because of an undelivered load.
- Cargo insurance deductibles can be set at $1,000, $2,500, $5,000 or even higher if you are self-insured.
- Cargo coverage limits are normally set at $100,00 but some shippers may have higher requirements depending on the cargo you are hauling.
- Cargo policies can have exclusions stating what cargo it will or will not cover.
Trucking Physical Damage Insurance (PD)
- Physical damage insurance coverages are designed to pay for losses to your equipment and damages to others equipment. (Others equipment must be listed on your policy).
- If you own or lease equipment. You may be required to have PD by bank or leasing company to carry a set amount of physical damage insurance and name them as a Loss Payee.
- PD can also cover damage to others equipment you are in possession of if the coverage is listed on your policy. An example would be non-owned trailer insurance coverage.
- Deductibles for physical damage range from $1,000 to $5,000.
- Required deductibles. If you have a loan on your equipment or it is leased. They bank or leasing company may have a minimum deductible you can have on your physical damage policy.
Excess Liability Insurance
- Excess liability can sometimes be called umbrella insurance.
- The excess liability policy sits on top of your primary liability policy.
- For example, if you have $1,000,000 in primary lability coverage and you have a claim which exceeds the policy limit of $1,000,000. In most cases that is all the insurance carriers will try to pay out for a claim.
- Excess policy coverage starts at $1,000,000 and go up.
- So, let’s say you say you purchased a $1,000,000 excess policy. Now if you have a claim that is $1,500,000. Your primary would pay the first $1,000,000 and your excess would pay the remaining.
General Liability Insurance for Truckers
- General liability insurance for truckers should not be confused with primary liability for truckers.
- Similar to primary liability. General liability offers coverages to pay for physical damage to other and/or bodily injury to others. BUT there is a difference between the two.
- For example, if you are loading or unloading and you cause injury to someone or their property this is when the general liability policy would respond.
- The actions of a driver while representing the insured and on the premises of others, such as loading docks and truck stops
- General Liability is normally offered $1,000,00 per occurrence and $2,000,00 aggregate. What does this mean?
- It the insurance company will pay up to $1,000,000 for any one claim and no more than $2,000,000 per year for the total of all claims.
- General liability can be required by shippers and other companies such as the UIIA and flatbed operations.
- If there is any chance you might be involved in loading or unloading. General Liability is relatively inexpensive and is an advised coverage.
Non-Owned Trailer Insurance vs Trailer Interchange (TI)
- Both are insurance coverages are designed to cover damage to others trailers.
- Deductibles for either can range from $1,000 to $5,000.
- Coverage limits for either can range from $25,000 and up depending on the requirements of the company and/or shipper freight you are hauling for.
The difference between Non-Owned Trailer coverage and Trail Interchange coverage
- Non-owned trailer insurance covers physical damage to the trailer only when attached to a truck. And no written agreement is place.
- Trailer Interchange requires a written trailer interchange agreement to be in place. It can provide protection when you have care, custody and control of one, or many, trailers. Whether the trailer is attached to your truck or not.
Beavercreek is the largest city in Greene County, Ohio, United States. The population was 46,549 at the 2020 census. Part of the Dayton metropolitan area, it is the second-largest suburb of Dayton.
The Beavercreek area was settled in the early 1800s. A part of Beavercreek Township was incorporated and became the City of Beavercreek in February 1980. Many Beavercreek residents work at nearby Wright-Patterson Air Force Base. In 2007, Beavercreek ranked 84th in Money‘s Top 100 places to live.
Beavercreek is at 39°43′46″N 84°3′44″W / 39.72944°N 84.06222°W (39.729359, -84.062310), approximately five miles east of downtown Dayton.
According to the 2010 census, the city has a total area of 26.44 square miles (68.5 km), of which 26.40 square miles (68.4 km2) (or 99.85%) is land and 0.04 square miles (0.10 km) (or 0.15%) is water.
Beavercreek includes the former unincorporated communities of Alpha, Knollwood, most of New Germany, and Zimmerman.
As of the census of 2010, there were 45,193 people, 18,195 households, and 12,542 families residing in the city. The population density was 1,711.9 inhabitants per square mile (661.0/km2). There were 19,449 housing units at an average density of 736.7 per square mile (284.4/km). The racial makeup of the city was 88.5% White, 2.5% African American, 0.2% Native American, 5.9% Asian, 0.5% from other races, and 2.3% from two or more races. Hispanic or Latino of any race were 2.6% of the population.
There were 18,195 households, of which 30.0% had children under the age of 18 living with them, 58.9% were married couples living together, 6.8% had a female householder with no husband present, 3.2% had a male householder with no wife present, and 31.1% were non-families. 24.9% of all households were made up of individuals, and 8% had someone living alone who was 65 years of age or older. The average household size was 2.47 and the average family size was 2.98.
The median age in the city was 40.4 years. 22.6% of residents were under the age of 18; 8.5% were between the ages of 18 and 24; 24.8% were from 25 to 44; 29.6% were from 45 to 64; and 14.3% were 65 years of age or older. The gender makeup of the city was 49.9% male and 50.1% female.
As of the census of 2000, there were 37,984 people, 14,071 households, and 11,087 families residing in the city. The population density was 1,439.2 inhabitants per square mile (555.7/km2). There were 14,769 housing units at an average density of 559.6 per square mile (216.1/km). The racial makeup of the city was 93.45% White, 1.42% African American, 0.17% Native American, 3.50% Asian, 0.02% Pacific Islander, 0.31% from other races, and 1.13% from two or more races. Hispanic or Latino of any race were 1.14% of the population.
There were 14,071 households, out of which 35.2% had children under the age of 18 living with them, 70.7% were married couples living together, 5.8% had a female householder with no husband present, and 21.2% were non-families. 17.5% of all households were made up of individuals, and 5.7% had someone living alone who was 65 years of age or older. The average household size was 2.66 and the average family size was 3.02.
In the city the population was spread out, with 25.3% under the age of 18, 6.3% from 18 to 24, 26.9% from 25 to 44, 29.3% from 45 to 64, and 12.2% who were 65 years of age or older. The median age was 40 years. For every 100 females, there were 97.7 males. For every 100 females age 18 and over, there were 95.7 males.
The median income for a household in the city was $68,801, and the median income for a family was $75,965. Males had a median income of $55,270 versus $33,572 for females. The per capita income for the city was $48,298. About 1.5% of families and 2.4% of the population were below the poverty line, including 1.9% of those under age 18 and 3.7% of those age 65 or over.
Beavercreek is governed by six City Council members, elected at large with rotating terms every four years and a directly elected Mayor. The Council member receiving the most votes in the most recent election will serve as Vice Mayor. Council members are elected in odd number years for terms beginning in even numbered years. Beginning in November 2019, the office of Mayor was directly elected. Bob Stone became the first directly elected Mayor for the City of Beavercreek. The Mayor’s duties primarily entails responsibility for presiding at City Council meetings, representing the City at local events, and other ceremonial duties. Mayor Bob Stone was originally elected (received highest votes) in November 2015 for a term starting January 2016, re-elected (received highest votes) in November 2017 to continue as Mayor starting in January 2018 and then elected in November 2019 as the City’s first directly elected Mayor for a four-year term starting January 2020. City Council members and the Mayor are limited to two consecutive four year terms serving any combination of City Council member and or Mayor. A City Council member in the middle of their second term (6 years) if elected as Mayor, can serve the full four year term, thus actually serving a total of 10 years.
City Council Members and term start years:
*Councilwoman Tiffany Swartz was appointed in 2020 to an unexpired term (2018)
**Councilman Glen Duerr was appointed in 2020 to an unexpired term (2018)
The City Manager is appointed by the City Council and serves as the chief administrative officer of the City according to the city’s Charter. The City Manager provides for the overall management direction and oversight of the City organization and is responsible for its efficient and effective operation in accordance with the policies, programs and regulations established by the City Council. The City Manager is also responsible for initiating proposals and providing advice, information and research to the City Council concerning the formulation of municipal policies, practices and projects. The current City Manager is Pete E. Landrum.
The City of Beavercreek has a public-access television cable TV channel, on which all public meetings can be seen live and are rerun later. The public access channel can be viewed live on the City’s website at http://www.beavercreekohio.gov/172/Live-Broadcast. Planning Commission meetings are held on the first Wednesday of every month. City Council meetings are normally held on the second and fourth Mondays of every month (with exceptions for holidays and the fourth Monday in December). The third Monday of each month (except December) is a City Council work session.
Beavercreek City School District consists of 6 elementary schools, 2 middle schools, a separate ninth grade campus, and 1 high school. Beavercreek has a public library, a branch of the Greene County Public Library.
The Beavercreek City Parks department operates and maintains 23 parks and other properties.
Beavercreek Station is a hub along Creekside Trail, a bike path that stretches from Xenia to Eastwood MetroPark in Dayton. The path stretches over 15 miles and has a number of hubs and connecting trails. Amenities include year-round restroom facilities and a bike-fix station.
General Janet C. Wolfenbarger, former Commander, Air Force Materiel Command and the first female four-star general of the United States Air Force is from Beavercreek and is a 1976 graduate of Beavercreek High School. Todd Hollst, 1988 graduate of Beavercreek High School, is host of the Evening Edge talk-show on WHIO radio in Dayton, Ohio and hosted a syndicated radio show heard in multiple markets outside of Dayton. Taylor Ewert, 2020 graduate of Beavercreek High School, was named Gatorade National Girls Track and Field Athlete of the Year in 2020. Aftab Pureval, 2001 graduate of Beavercreek High School, became the 70th mayor of Cincinnati in January 2022 becoming the city’s first mayor of Asian descent.
