Insurance Requirements for Owner Operators Holly Springs, North Carolina
JDW Truckers Insurance can answer your questions regarding Insurance Requirements for Owner Operators Holly Springs, 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 Holly Springs, North Carolina with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Holly Springs, 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.
Holly Springs is a town in Wake County, North Carolina, United States. As of the 2020 census, the town population was 41,239, a 67% increase from 2010.
The town’s name refers to the free-flowing springs that merge into a stream and small lake surrounded by large, mature holly trees.
The Tuscarora Indians used the area around Holly Springs as a hunting ground prior to colonial settlement. This tribe fled North Carolina around 1720 to escape the influx of Europeans, and eventually became the sixth nation of the Iroquois.
The town of Holly Springs grew around freshwater springs, believed to be the original “holly springs”, near the intersection of what is now Avent Ferry Road and Cass Holt Road. These roads linked Raleigh to the Cape Fear River and ultimately to Fayetteville, as well as linking Hillsborough to Smithfield.
By 1800, the crossroads had spawned a village, including a general store built by Richard Jones, a Baptist church, and a Masonic lodge. These were soon followed by a sawmill and cotton gin. Archibald Leslie, a Scottish tailor, arrived in the community around 1817, opened a tailoring business and a store, and soon began construction of a house near the springs. This 38-room mansion, now known as the Leslie-Alford-Mims House, is located off Avent Ferry Road near Town Hall. Holly Springs Baptist Church, established in 1822, was the town’s first successful church. The Masonic Lodge #115 was formed in 1847, and in 1854 a two-story lodge building was erected. This building also served as one of the town’s first schools. Holly Springs Academy opened its doors in 1854 to prepare young men for admission to Wake Forest College. Two years later, the first floor of the lodge was used as a school for local girls. The lodge was honored with a historical-site plaque in the fall of 2006.
During the Civil War, North Carolina seceded from the Union. Captain Oscar R. Rand recruited willing men of all ages to join Governor Zebulon Baird Vance’s 26th Infantry Regiment in the Confederate States Army. On a single day at the Battle of Gettysburg, during the assault known as Pickett’s Charge, 13 of the 14 commanding officers died. Only 81 soldiers, out of a unit of 880, survived. With the men of the town gone, both schools in Holly Springs closed, and Holly Springs became a virtual ghost town. When the Union Army retreated northward, Holly Springs lay in its path. Bands of marauding robbers known as “bummers” raided the area farms and homesteads, taking food, supplies, silver, clothes, and anything of value.
Also during the war, for a two-week period, a segment of the Union Army encamped near Holly Springs and set up headquarters in the Leslie-Alford-Mims House. Mrs. Leslie reportedly hated the Yankees bitterly, but loved her home more, so she treated them with cool civility. This may have protected the house from destruction, the fate of many other grand southern houses. Mrs. Leslie is said to have “charmed the soldiers so that they didn’t burn the house down, but they did get the chickens.”
The little community of Holly Springs had appeared to be on its way to becoming a bustling town, but the Civil War ultimately left the community economically devastated. Some families moved away. The exodus was encouraged by construction of the Chatham Railroad through the village of Apex, giving that neighboring town a link to the outside world, which Holly Springs did not have. Historian M. N. Amis described Holly Springs in 1871 as “a deserted village.”
The Town of Holly Springs was established in 1877.
In 1875, George Benton Alford moved his successful mercantile business from Middle Creek Township to Holly Springs, and was instrumental in beginning an economic revival in the community. A year later, he bought the Leslie house, which was the centerpiece of the village. Over the years, he made significant additions and improvements to the house until it became one of the largest mansions in Wake County, one of the few with its own ballroom.
Alford, a businessman and politician, started several businesses, including a mercantile store, a sawmill, a cotton gin, and the Holly Springs Land and Improvement Company, and eventually, the General Assembly granted the town a charter. He started a newspaper, The Cape Fear Enterprise, which he used to promote the town. He also got other prominent men in the community to join him in seeking a charter of incorporation for the Cape Fear and Northern Railroad, which became the Durham and Southern Railway. During the postwar period, several attempts were made to revive the Holly Springs Academy, but none was successful. For a time, children were taught in private homes, and eventually the first co-educational school, serving 125 students, was opened by the Masons.
In 1906, the town addressed the need for a larger and better-equipped facility to educate the children. Under the leadership of Raymond A. Burt, J. Carter, and the Women’s School Betterment Association, 10 acres (40,000 m) near the springs were purchased (this was, in time, the site of the library and cultural arts center). The first bell rang for classes in 1908.
By this point, Alford was a wealthy man, and he had dreams of turning Holly Springs into an industrial town of 10,000 people. The town’s population had not increased a great deal, holding at around 300, but the business community and the schools were drawing outsiders. The flourishing village was once again struck down by war with the start of World War I. The young men went off to fight, and many others went away to work in war-related industry. In 1923, Alford died, leaving the town without an effective voice in political circles. Then came the Great Depression. The Bank of Holly Springs, established before the turn of the 20th century, failed in 1924. Holly Springs experienced difficulty during this time, although Works Progress Administration funds were used to build a school auditorium. The town missed out on the new federal road-building projects being carried out to provide employment.
World War II did what World War I had done, drawing more young people away from Holly Springs to war and/or to cities for jobs. At the close of the war, Holly Springs was faced with a stagnant population. During the early 1950s, while most Piedmont cities and towns were booming, Holly Springs remained at a standstill.
During the early 1960s, with a population stabilized at around 580, the town installed fluorescent streetlights about the same time that Highway 55 (Main Street) was widened. A general clean-up effort netted the town an award from a state appearance committee. Racially, the town became less balanced with a stronger minority population existing to the late 1980s. During this period, several black businesses were flourishing; a dry-cleaning business, barbershop, three neighborhood stores, and the local gathering place of the “Packhouse” built by one of the town’s prominent black citizens by the name of George Grigsby, for whom Grigsby Avenue (previously called Old Fuquay Road) was named. The town board consisted of many of its prominent black citizens, among them Burnis Lassiter, Cora Lassiter, James Norris (Holly Springs’ first black mayor), John McNeil, Edison Perkins, George Kimble, and “Preacher” Beckwith. Later, in the 1980s other prominent black citizens joined the town council, among them Nancy Womble, Reverend Otis Byrd, and Parrish “Ham” Womble, who served on the council for 28 years and was also interim mayor for a year.
During this period, the town hired Dessie Mae Womble, the first black female chief of police in North Carolina. As segregation gave way to integration, the Holly Springs School for Blacks was closed, and many of its students were sent to surrounding communities to further their educations. This was the beginning of an era of busing for the community, which continued until the late 1990s, when Holly Springs Elementary School on Holly Springs Road was opened.
The town built its first sewage plant in 1987, then real growth occurred. Holly Springs, in line for the spillover from increased populations in Cary and Apex, suddenly boomed; its population increased from 900 in 1992 to an estimated 6,000 in 1998 to nearly 25,000 in 2010.
Holly Springs Community Library, part of the Wake County Public Library system, and a cultural-arts facility opened in early December 2006.
On July 18, 2006, pharmaceutical company Novartis announced it would be building a manufacturing facility in Holly Springs and employing about 350 to produce flu vaccines using new technologies. The manufacturing facility was built on 167 acres (0.68 km) in Holly Springs Business Park off N.C. 55 Bypass. Construction was completed in late 2008. Novartis’s investment is at least US$267 million and eventually could reach US$600 million.
Bristol-Myers Squibb expressed interest in county-owned land along N.C. 55 Bypass at the future interchange of Interstate 540. The county originally expressed a desire to allow the proposed landfill site to be used for economic development to be sold to the company, but county leaders refused to relocate a solid-waste transfer station which would be at the entrance. When the company decided not to locate on the site, the Wake County Board of Commissioners voted five to two to proceed with plans to build a landfill there.
For years, town leaders have become increasingly confident that Holly Springs is positioned to experience high growth, propelled by the economic engine of Research Triangle Park (RTP). At a distance of 18 miles (29 km), Holly Springs is close to RTP.
On April 16, 2011, a large tornado touched down close to the Holly Springs town center, uprooting trees and destroying homes and buildings.
According to the United States Census Bureau, the town has a total area of 15.1 square miles (39.2 km), of which 0.12 square miles (0.3 km), or 0.78%, is covered by water. Neighboring towns include Apex to the north and Fuquay-Varina to the south.
As of the 2020 United States census, 41,239 people, 11,202 households, and 9,307 families resided in the town.
As of the census of 2010, 24,661 people, 8,147 households, and 6,706 families lived in the town. In the 2000 census, 9,192 people, 3,316 households, and 2,609 families resided in the town, demonstrating a large rate of growth during the subsequent decade. The population density was 1,633.18 people per square mile. The town had 8,658 housing units in 2010, an increase from only 3,642 housing units in 2000. The racial makeup of the town was 79.8% White, 12.6% African American, 0.4% Native American, 2.9% Asian, 1.8% from other races, and 2.5% from two or more races. Hispanics or Latinos of any race were 6.30% of the population.
Of the 8,147 households, 55.5% had children under 18 living with them, 70.1% were married couples living together, 9.4% had a female householder with no husband present, and 17.7% were not families. About 14.5% of all households were made up of individuals, and 2.9% had someone living alone who was 65 or older. The average household size was 3.03, and the average family size was 3.38.
In the town, the age distribution was 32.4% under 18, 5.0% from 18 to 24, 45.0% from 25 to 44, 15.9% from 45 to 64, and 4.9% who were 65 or older. The median age was 33.1 years. For every 100 females, there were 97.3 males. The population was 51.4% female and 48.6% male.
The median income for a household in the town was $85,000, and for a family was $92,539. Males had a median income of $66,630 versus $43,326 for females. The per capita income for the town was $31,527. About 2.6% of families and 3.7% of the population were below the poverty line, including 4.7% of those under age 18 and 12.9% of those age 65 or over.
The Harrington-Dewar House, Holly Springs Masonic Lodge, and Leslie-Alford-Mims House are listed on the National Register of Historic Places.
The Holly Springs Salamanders, founded in 2015, are a collegiate summer baseball team in the Coastal Plain League.
Public recreation facilities include:
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.