Insurance Requirements for Owner Operators Lakeside, Florida
JDW Truckers Insurance can answer your questions regarding Insurance Requirements for Owner Operators Lakeside, Florida. 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 Lakeside, Florida with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Lakeside, Florida 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.
Lakeside is an unincorporated area and census-designated place in Clay County, Florida, United States. The population was 30,943 at the 2010 census. It is part of the greater Orange Park area.
Lakeside is located in northeastern Clay County at 30°8′5″N 81°45′57″W / 30.13472°N 81.76583°W (30.134840, -81.765767). It is bordered on its northeastern edge by the Town of Orange Park. To the north is the Bellair-Meadowbrook Terrace CDP, and to the southeast, across Doctors Lake, an inlet of the St. Johns River, is Fleming Island. The community of Doctors Inlet is just to the south of Lakeside.
According to the United States Census Bureau, the CDP has a total area of 15.7 square miles (40.7 km), of which 13.5 square miles (35.0 km) is land and 2.2 square miles (5.7 km), or 13.96%, is water.
The Yerkes Regional Primate Research Center, one of ten regional centers for primate research, was once located just west of Orange Park in what is now the Lakeside CDP. The center, established in 1930 by psychologist Robert Yerkes and Yale University and the Rockefeller Foundation, was the first laboratory in the United States for the study of non-human primates. Prior to the opening of the facility, Yerkes was engaged in his own research with two great apes, named “Chim” and “Panzee”. His findings convinced officials at Yale University, the Rockefeller Foundation and the Carnegie Foundation to sponsor the Florida facility. Initially designed to house about 25 chimpanzees, researchers worked with an estimated 65 chimps (and possibly more) during the lab’s 35-year history. This location was home to chimpanzees nurtured as humans such as Gua and Viki and other primates from the estate of Madame Rosalia Abreu in Havana, Cuba. It was home to some of the leading behavioral scientists of the time, some of whom either liked or hated living in the humid South. These researchers studied various aspects of primate behavior, including basic biology, sensory function, reproductive systems, behavioral patterns, physiology and anatomy. Comically, rumors about the place by some Orange Park residents included those of scientists cross-breeding humans with apes. The term “Monkey Farm” has been used by some residents, who may be aware of the location’s history, to describe the lab’s functions.
The plot of land upon which Yerkes Labs sat was 188 acres (76 ha), about a mile west of Orange Park. The actual research buildings sat on less than an acre, on what is now part of the Foxwood Center plaza (facing Orange Park Medical Center on Kingsley Avenue) in unincorporated land outside the town limits. In 1966, the abandoned buildings and adjacent land were purchased by Developer Marvin Wilhite of Ahpla, Inc., who still lives in Foxwood and built other communities such as Foxridge. He chose the name Ahpla (using a backward arrangement of the letters) after a female chimp named Alpha, who was the first chimp born at the Yerkes Labs on September 11, 1930.
Foxwood Center still has some of the original laboratory buildings that once housed the chimps, the grounds caretaker, and administrative offices. These stand alongside others that have been added, including the Orange Park Chamber of Commerce building. The old caretaker’s house is now known as The Granary, an organic food and health store.
In 1956, Emory University took over operation of the Center. In 1965, the center was relocated to the campus of Emory University in Atlanta, Georgia. In 2002, the Center was renamed the Yerkes National Primate Research Center, though officially the “Regional” name still applies.
As of the census of 2000, there were 30,943 people, 10,753 households, and 8,785 families residing in the CDP. The population density was 2,040.8 inhabitants per square mile (788.0/km). There were 11,144 housing units at an average density of 735.3 per square mile (283.9/km). The racial makeup of the CDP was 80.9% White, 10% African American, 0.5% Native American, 3% Asian, 0.1% Pacific Islander, 2.4% from other races, and 3.4% from two or more races. Hispanic or Latino of any race were 8.1% of the population.
There were 10,753 households, out of which 42.1% had children under the age of 18 living with them, 66.6% were married couples living together, 11.5% had a female householder with no husband present, and 18.3% were non-families. 14.1% of all households were made up of individuals, and 4.0% had someone living alone who was 65 years of age or older. The average household size was 2.87 and the average family size was 3.15.
In the CDP, the population was spread out, with 28.4% under the age of 18, 8.7% from 18 to 24, 29.4% from 25 to 44, 25.8% from 45 to 64, and 7.6% who were 65 years of age or older. The median age was 36 years. For every 100 females, there were 95.8 males. For every 100 females age 18 and over, there were 92.9 males.
The median income for a household in the CDP was $52,013, and the median income for a family was $56,254. Males had a median income of $36,787 versus $25,703 for females. The per capita income for the CDP was $20,785. About 3.6% of families and 4.5% of the population were below the poverty line, including 5.5% of those under age 18 and 6.0% of those age 65 or over.
The largest of three campuses of St. Johns River State College, formerly known as St. Johns River Community College, is located in Lakeside on College Drive. The college is home to Thrasher-Horne Center for the arts, a performing arts theater used for various plays and events. The college has a regular student base of 2,221 students but also hosts many dual enrollment students from Clay County high schools.
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.