Insurance Requirements for Owner Operators Goldsboro, North Carolina
JDW Truckers Insurance can answer your questions regarding Insurance Requirements for Owner Operators Goldsboro, North Carolina. 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 Goldsboro, North Carolina with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Goldsboro, North Carolina 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.
Goldsboro, originally Goldsborough, is a city and the county seat of Wayne County, North Carolina, United States. The population was 33,657 at the 2020 census. It is the principal city of and is included in the Goldsboro, North Carolina Metropolitan Statistical Area. The nearby town of Waynesboro was founded in 1787, and Goldsboro was incorporated in 1847. It is the county seat of Wayne County.
The city is situated in North Carolina’s Coastal Plain and is bordered on the south by the Neuse River and the west by the Little River, approximately 40 miles (64 km) southwest of Greenville, 50 miles (80 km) southeast of Raleigh, the state capital, and 75 miles (121 km) north of Wilmington in Southeastern North Carolina. Seymour Johnson Air Force Base is located in Goldsboro.
Around 1787, when Wayne County was formed, a town named Waynesborough grew around the county’s courthouse. In 1787, William Whitfield III (son of William Whitfield II) and his son were appointed “Directors and Trustees”
for designing and building the town. Located on the east bank of the Neuse River, the town became the county seat. Population growth in Waynesborough continued through the 1830s. However, this changed once the Wilmington and Weldon Railroad was completed in the early 1840s. By then, a hotel had been built at the intersection of the railroad and New Bern Road, which grew into a community after the train started to transport passengers from there.
More and more citizens soon relocated from Waynesborough to this growing village, named eventually “Goldsborough’s Junction” after Major Matthew T. Goldsborough, an Assistant Chief Engineer with the railroad line. Later this was shortened simply to Goldsborough. In 1847, the town was incorporated and became the new Wayne County seat following a vote of the citizens of Wayne County. Local legend has it the Goldsborough supporters put moonshine in the town’s well to encourage people to vote for Goldsborough.
In the following decades, Goldsborough’s growth continued in part by new railroad connections to Charlotte and Beaufort. By 1861, the town’s population was estimated to be 1,500. It was the trading center of a rural area that started with yeoman farmers. By this time, it had been developed as large cotton plantations dependent on the labor of enslaved African Americans, as the invention of the cotton gin had enabled profitable cultivation of short-staple cotton in the up-counties.
Because of its importance as railroad junction, Goldsborough played a significant role in the Civil War, both for stationing Confederate troops and for transporting their supplies. The town also provided hospitals for soldiers wounded in nearby battles.
In December 1862, the Battle of Goldsborough Bridge was waged, in which both sides fought for possession of the strategically significant Wilmington and Weldon Railroad Bridge. Union General John Foster arrived with his troops on December 17, aiming to destroy this bridge in order to put an end to the vital supply chain from the port of Wilmington. He succeeded on that same day, his troops overpowering the small number of defending Confederate soldiers and burning down the bridge. On their way back to New Bern, Foster’s men were attacked again by Confederate troops, but they survived with fewer casualties than the enemy. The important bridge at Goldsborough was rebuilt in a matter of weeks.
Goldsborough was the scene of another Union offensive in 1865, during Union General Sherman’s Carolinas Campaign. After the battles of Bentonville and Wyse Fork, Sherman’s forces met with the armies of Schofield, their troops taking over the city in March. During the following three weeks, Goldsborough was occupied by over 100,000 Union soldiers. After the war was over, some of these troops continued to stay in the city.
In 1869, the spelling of the city was officially changed to Goldsboro. Wayne County was part of North Carolina’s 2nd congressional district following the Civil War, when it was known as the “Black Second”, for its majority-black population. This district elected four Republican African Americans to Congress in the 19th century, three of them after the Reconstruction era. The attorney George Henry White was the last to serve, being elected in 1894 and serving two terms.
The Democrat-dominated legislature established legal racial segregation in public facilities. To further this, in the 1880s it authorized a facility to serve the black mentally ill, the State Hospital in Goldsboro. In 1899 the legislature authorized an addition but did not appropriate sufficient funds. This operated until after passage of civil rights legislation requiring integration of public facilities. In addition, the hospital was affected by the 1970s movement to de-institutionalize care for the mentally ill. Most states have failed to adequately support community programs to replace such facilities.
During World War II the North Carolina Congressional delegation was successful in gaining the present-day Seymour Johnson Air Force Base, which opened on the outskirts of Goldsboro in April 1942 as a US Army Air Forces installation named Seymour Johnson Field. From this point on, the city’s population and businesses increased as a result of the federal defense installation. The base’s name was changed to Seymour Johnson AFB in 1947 following the establishment of the US Air Force as an independent service.
The city is home to Goldsboro Milling Company, the 10th largest producer of hogs in the U.S., and also a major producer of turkeys.
The Borden Manufacturing Company, First Presbyterian Church, L. D. Giddens and Son Jewelry Store, Goldsboro Union Station, Harry Fitzhugh Lee House, Odd Fellows Lodge, and Solomon and Henry Weil Houses are listed on the National Register of Historic Places.
In 1961, two 3.8 megaton hydrogen bombs were dropped accidentally on the village of Faro, 12 miles (19 km) north of Goldsboro, after a B-52 aircraft broke up in mid air. The two Mark 39 weapons were released after the crew abandoned a B-52 bomber which had suffered mid-flight structural failure. Both bombs went through several steps in the arming sequence, but neither detonated. One bomb was recovered. Although much of the second bomb was also recovered, a missing piece containing uranium was believed to have sunk deep into the swampy earth and could not be recovered. The piece remains in land that the Air Force eventually purchased in order to prevent any land use or digging. In 2013, it was revealed that three safety mechanisms on one bomb had failed, leaving just one low-voltage switch preventing detonation.
According to the United States Census Bureau, the city has a total area of 24.8 square miles (64 km), of which 24.8 square miles (64 km2) is land and 0.04 square miles (0.10 km) (0.08%) is water.
The Neuse River defines the southern boundary of the city.
Little River is a class WS-III river that provides the water source for Goldsboro.
It runs through the west of the city, and joins the Neuse River about 2 miles (3.2 km) south of US 70.
Stoney Creek runs through the east of the city between downtown and the Seymour Johnson Air Force Base.
As of 1982 the Goldsboro waste-water treatment plant accounted for 59% of total effluent discharged into the Neuse between Clayton and Kinston.
The closest lakes to the city center are McArthur Lake, 3.3 miles (5.3 km) to the southwest, Cedar Lake, 4.6 miles (7.4 km) to the north and Quaker Neck Lake, 4.7 miles (7.6 km) to the west.
Quaker Neck Lake is an artificial lake that supplies cooling water to the H.F. Lee Energy Complex.
The closest reservoirs are Cogdells Pond, 2.6 miles (4.2 km) to the northeast and Wills Pond, 5.4 miles (8.7 km) to the west.
Wills Pond is also known as Bear Creek W/S Lake Number Four.
Wills Pond impounds Old Mill Branch, a tributary of Bear Creek that flows east and enters Bear Creek near its headwaters.
Goldsboro’s location on the Atlantic Coastal Plain lends it a Humid subtropical climate, with hot humid summers and cool winters. The hottest month is July, with an average high temperature of 91 °F (31 °C), and an average low of 71 °F (22 °C). The coldest month is January, with an average high of 54 °F (11 °C), and an average low of 34 °F (0 °C). Annual total rainfall is 52.53 inches (1,334 mm), falling relatively evenly with a slight wet season in the late summer/early fall. Some light to moderate snowfall can take place in winter, but amounts can fluctuate greatly and can range from no snow to totals over one foot (30 cm) in some years.
As of the 2020 United States census, there were 33,657 people, 14,404 households, and 8,320 families residing in the city.
As of 2019 census estimates, there were 34,186 people and 14,339 households residing in the city. The population density was 1,214.9 inhabitants per square mile (469.1/km2). The racial makeup of the city was 52.7% African American, 39.9% White, 0.3% Native American, 2.2% Asian, 0.1% Pacific Islander, and 4.4% from two or more races. Hispanic or Latino of any race were 5.8% of the population.
The median income for a household in the city was $33,043, and the median income for a family was $59,844. Males had a median income of $55,223 versus $56,850 for females. The per capita income for the city was $21,666. About 26.2% of the population were below the poverty line.
Chuck Allen served as the city’s Mayor, succeeding Alfonzo “Al” King in 2016 who succeeded Hal Plonk in 2002. As mayor, Allen was the official and ceremonial head of city government and presides at all City Council meetings. The mayor and the city council are elected to office for a four-year term. Goldsboro has a council-manager government. As of 2020, the city manager is Tim Salmon.
In June 2021, Allen abruptly resigned citing health issues.
Goldsboro has been in North Carolina’s 7th congressional district since January 3, 2017, and is currently represented by Republican David Rouzer. Beginning on January 3, 2021, Goldsboro will be in North Carolina’s 1st congressional district and will be represented by Democrat G. K. Butterfield.
Goldsboro is represented in the Senate by Republicans Richard Burr and Thom Tillis.
The Goldsboro News-Argus is a paid subscription to Goldsboro’s daily newspaper with a circulation of approximately 16,500.
Goldsboro Daily News is a free online daily newspaper.
Goldsboro supports one television station. WHFL TV 43 is a low-power broadcast station on UHF channel 43 and is also found on two local cable networks. The station is a FamilyNet affiliate and carries religious, local, and family programming. The area is also served by television stations from the Raleigh-Durham and Greenville areas. CBS affiliate WNCN-TV, Channel 17, is licensed to Goldsboro but has its studios in Raleigh. Up until August 2010, a Public, educational, and government access (PEG) cable TV station called PACC-10 TV was available to Time Warner Cable customers. The station aired its own programming as well as City Council and County Commissioner meetings. Time Warner Cable transferred the channel to Wayne County which currently provides local announcements and community interest programming.
The closest civilian airport is Wayne Executive Jetport, but is only used for general aviation. The nearest public commercial airport is Pitt-Greenville Airport (IATA: PGV) in Greenville about 36 miles northeast of Goldsboro. However, most residents use Raleigh-Durham International Airport for domestic and international travel.
Major highways that run through the city are US 70 (the main thoroughfare through Goldsboro), US 13, US 117, NC 111, and NC 581. I-795 now connects Goldsboro to I-95 in Wilson.
The Goldsboro Bypass which is a route of U.S. 70 was fully opened in May 2016. Previously NC 44 while partially open and under construction, it became US 70 Bypass upon completion and has been designated as Future Interstate 42.
The city has a bus system known as Gateway which runs four routes.
Until the 1960s, the Southern Railway and the Seaboard Coast Line ran passenger trains in and out of Goldsboro Union Station to points west, north and south.
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.
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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.