Insurance Requirements for Owner Operators Elyria, Ohio
JDW Truckers Insurance can answer your questions regarding Insurance Requirements for Owner Operators Elyria, 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 Elyria, Ohio with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Elyria, 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.
Elyria ( ə-LEER-ee-ə) is a city in and the county seat of Lorain County, Ohio, United States, located at the forks of the Black River in Northeast Ohio 23 miles (37 km) southwest of Cleveland. As of the 2020 census, the city had a population of 52,656. It is a principal city in the Cleveland metropolitan area. The city is home to Lorain County Community College.
The city’s name is derived from the surname of its founder, Heman Ely, and Illyria, the historical name used by ancient Greeks and Romans to refer to the western Balkans.
(Elyria)
The village of Elyria was founded in 1817 by Heman Ely, who built a log house, dam, gristmill, and sawmill on the village’s site along the Black River. Ely began to build more houses to accommodate European-American settlers migrating to what was, at that time, within Huron County, Ohio. By the time Ely died in 1852, Elyria had five churches, three grocery stores, three flour mills, a newspaper, and a population of more than 1,500. Early postal service from Cleveland was provided by Artemis Beebe, a rider who held the first contract to deliver mail across this section of the Black River.
By the turn of the 20th century, Elyria was a town of about 8,000. In 1908, Elyria Memorial Hospital was built. In the first half of the 20th century, the town developed some manufacturing, as well as a range of retail businesses.
In August 1967, at the peak of Elyria’s population, Midway Mall was opened. It changed the local economy by attracting local businesses from the town center or causing so much competition they went out of business. Industrial restructuring meant that good jobs left the area, and poverty increased. Three major car plant closings in the area led to economic stagnation and joblessness in the 1970s and 1980s that affected numerous communities. The region was nicknamed “the Rustbelt,” suggesting the decline of its former industries.
In the 1990s, Elyria experienced a minor revival with construction of some new roads and housing. It serves as a residential, suburban “bedroom community” for Cleveland, where new businesses and industries are developing with an increase in new jobs.
In the 2000s and 2010s, companies like Bendix and 3M moved their operations elsewhere. To prepare for this, voters passed Issue 6 in March 2016. Issue 6 increased the city’s income tax by 0.5%. It was used to pay for police, parks, and fiber-optic Internet in the city. With the reconstruction of State Route 57 on the city’s northwest side by Midway Mall, traffic flow was improved.
Elyria, part of the Cleveland–Elyria–Mentor metropolitan area, is located at 41°22′24″N 82°6′6″W / 41.37333°N 82.10167°W (41.373396, −82.101692). Elyria’s primary zip code is 44035 with post office boxes being assigned the zip code 44036.
According to the United States Census Bureau, the city has a total area of 20.84 square miles (53.98 km), of which 20.57 square miles (53.28 km) is land and 0.27 square miles (0.70 km) is water.
The Black River flows through Elyria.
According to the 2020 United States census, Elyria had a population of 52,656. Of which, 69.6% were non-hispanic White, 14.0% were non-hispanic Black, 8.3% were Hispanic/Latino, 0.8% were Asian, 7.3% mixed or other.
As of the census of 2010, there were 54,533 people, 22,400 households, and 14,093 families living in the city. The population density was 2,651.1 inhabitants per square mile (1,023.6/km). There were 25,085 housing units at an average density of 1,219.5 per square mile (470.9/km). The racial makeup of the city was 78.1% White, 15.5% African American, 0.3% Native American, 0.8% Asian, 1.2% from other races, and 4.1% from two or more races. Hispanic or Latino of any race were 4.9% of the population.
There were 22,400 households, of which 31.6% had children under the age of 18 living with them, 39.5% were married couples living together, 17.8% had a female householder with no husband present, 5.6% had a male householder with no wife present, and 37.1% were non-families. 30.5% of all households were made up of individuals, and 10.5% had someone living alone who was 65 years of age or older. The average household size was 2.39 and the average family size was 2.97.
The median age in the city was 38.1 years. 24.2% of residents were under the age of 18; 9% were between the ages of 18 and 24; 25.7% were from 25 to 44; 26.8% were from 45 to 64; and 14.3% were 65 years of age or older. The gender makeup of the city was 47.8% male and 52.2% female.
As of the census of 2000, there were 55,953 people, 22,409 households, and 14,834 families living in the city. The population density was 2,813.7 inhabitants per square mile (1,086.4/km). There were 23,841 housing units at an average density of 1,198.9 per square mile (462.9/km). The racial makeup of the city was 81.3% White, 14.2% African American, 0.27% Native American, 0.61% Asian, 0.02% Pacific Islander, 0.95% from other races, and 2.64% from two or more races. Hispanic or Latino of any race were 2.78% of the population.
There were 22,409 households, out of which 31.9% had children under the age of 18 living with them, 46.4% were married couples living together, 15.1% had a female householder with no husband present, and 33.8% were non-families. 28.5% of all households were made up of individuals, and 10.6% had someone living alone who was 65 years of age or older. The average household size was 2.46 and the average family size was 3.01.
In the city, the population was spread out, with 26.6% under the age of 18, 8.9% from 18 to 24, 30.2% from 25 to 44, 21.3% from 45 to 64, and 13.0% who were 65 years of age or older. The median age was 35 years. For every 100 females, there were 92.4 males. For every 100 females age 18 and over, there were 88.7 males.
The median income for a household in the city was $38,156, and the median income for a family was $45,846. Males had a median income of $34,898 versus $24,027 for females. The per capita income for the city was $19,344. About 9.5% of families and 11.7% of the population were below the poverty line, including 19.0% of those under age 18 and 7.5% of those age 65 or over.
Elyria is served by University Hospitals Elyria Medical Center. Neighborhoods are spread throughout all areas of the city, with most neighborhoods being traditional. Most housing developments are on the far east-side of the city.
Elyria has a large number of parks and recreational centers that include a variety of activities such as baseball and playground equipment. The four recreational centers are named after their locations: North, East, South, and West. They each include one or more baseball fields and at least two tennis courts.
There are two main parks, Cascade and Elywood, which are connected by an elevated pedestrian bridge in the center.
Cascade Park is the largest and most popular park in Elyria. The park is located in a ravine carved by the same glaciers that created the Great Lakes. Cascade park has a large playground and a large hill that was previously used for seating at the 4th of July fireworks show, and was a popular spot for sledding during winter months. The park is centered along the Black River.
The park used to have three captive black bears, held in cages attached to a rock. Bears were featured in the park from 1920 to 1980.
The Lorain County Metro Parks took over control of Cascade Park in late 2014, and has unveiled a master plan project throughout 2018 to restore the park for better and safer use, as well as maintain the park.
Elyria is home to the headquarters of Invacare, Ridge Tool Company, Diamond Products, and EMC Precision Machining. Riddell and Bendix previously operated a factory in Elyria. Elyria Plating Corporation has been in the same location since 1937.
According to the city’s 2021 Comprehensive Annual Financial Report, the top employers in the city were:
Elyria’s schools including Elyria High School. The Elyria City Schools district consisted at one time two high schools, five junior high schools, nine elementary schools, and one kindergarten school. Elyria is also home to Elyria Catholic High School. In 2010 Elyria High School was torn down for plans to build a new one. The building was fully completed during the 2012–2013 school year. Elyria is also home to the Open Door Christian School.
Lorain County Transit is based in Elyria. Elyria is served by many highways, including U.S. Route 20, the Ohio Turnpike, I-90, and State Routes 2, 113, 301 and 57.
The general airport for Elyria and Lorain is the Lorain County Regional Airport (located in New Russia Township), and Cleveland Hopkins International Airport is the nearest major airport. The Elyria Amtrak Station provides train transportation. Greyhound bus service is also available in the city.
Small Fleet Commercial Truck Insurance
Small fleet truck insurance encompasses a large portion commercial truck insurance policies that are written for truckers. You need an agent that understands these markets.
We will explain your options in detail. We answer your questions. How many trucks can I grow to? Can I add and remove trucks? How fast can I swap trucks? Can I have owner operators leased on? How fast can I get a COI?
Small fleet truck insurance pricing starts at 3 trucks. We work with 20 plus commercial truck insurance companies to help you find the best commercial truck insurance rates. Our carriers have high AM Best Ratings.
GET SMALL FLEET TRUCK INSURANCE QUOTES HERE
UIIA Insurance
No matter if you are a seasoned trucking operation hauling UIIA intermodal or you are looking to expand the cargo you are hauling. We have markets to help you either way.
Does your policy have the CA 2317 endorsement? What chassis pools are your working with? If you work with an EP that in not on the UIIA EP list. How is this handled? For example, Direct Chassis. Does your trailer interchange offer the same coverage as non-owned trailer coverage? Do you have the correct blanket AI and WOS endorsements? Do I need workers compensation? Can I work ports and rails? Is there a radius limit? You do not want to buy a commercial truck insurance policy only to find out it will not offer the correct UIIA coverages. Your agent should have a network of commercial truck insurance companies who offer the correct UIIA endorsements on your policy?
New Authority Truck Insurance Quotes
Shopping for the Best Trucking Insurance for New Authority can be task that never seems to end. You get phone call after phone call. And in many cases each agent you speak with may have a different story concerning what type of coverages you need and what is a good price. Chances are most new authorities shop for the best price. You want the least expensive but buying based upon price only could cost you more money in the long run. What if you buy insurance for your new authority based upon price only? Then find out shortly after you have paid your deposit and your policy is in place. The agent who sold you this policy did not tell you the restrictions your commercial truck insurance company has in place. They may not offer coverage for certain types of cargo or may restrict your growth. There are many pitfalls for buying just based upon price. It is good to shop and compare quotes, but do it based upon price and the know the restrictions that maybe enforced by the carrier. Not knowing these restrictions could get your policy cancelled. Or you may have to cancel the policy yourself to get insurance coverage with another carrier. Either way this could put you back to ground zero and cost you money. Talk with an agent at JDW Truckers Insurance who will help you shop for the best price with the correct coverages.
