Insurance Requirements for Owner Operators Mckinney, Texas
JDW Truckers Insurance can answer your questions regarding Insurance Requirements for Owner Operators Mckinney, Texas. 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 Mckinney, Texas with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Mckinney, Texas 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.
McKinney is a city in and the county seat of Collin County, Texas, United States. It is Collin County’s third-largest city, after Plano and Frisco. A suburb of the Dallas–Fort Worth metroplex, McKinney is about 32 miles (51 km) north of Dallas.
The U.S. Census Bureau listed McKinney as the nation’s fastest-growing city from 2000 to 2003 and again in 2006, among cities with more than 50,000 people. In 2007, it was ranked second-fastest growing among cities with more than 100,000 people and in 2008 as third-fastest. In the 2010 census, the city’s population was 131,117, making it Texas’s 19th-most populous city. The population estimate produced by the city as of 2019 was 199,177, which made it Texas’s 16th-most populous city. In 2020, its population was 195,308. As of May 2017, McKinney was the third-fastest growing city in the United States.
The Census Bureau defines an urban area of northern Dallas-area suburbs that are separated from the Dallas–Fort Worth urban area, with McKinney and Frisco as the principal cities; the McKinney–Frisco urban area had a population of 504,803 as of the 2020 census, ranked 83rd in the United States.
On March 24, 1849, William Davis, who owned 3,000 acres (12 km) where McKinney now stands, donated 120 acres (0.49 km) for the townsite. Ten years later, McKinney incorporated, and in 1913, the town adopted the commission form of government.
For its first 125 years, McKinney served as the county’s principal commercial center. The county seat provided farmers with flour, corn, cotton mills, cotton gins, a cotton compress, and a cottonseed oil mill, as well as banks, churches, schools, newspapers, and from the 1880s, an opera house. Businesses also came to include a textile mill, an ice company, a large dairy, and a garment-manufacturing company. The population grew from 35 in 1848 to 4,714 in 1912. By 1953, McKinney had a population of more than 10,000 and 355 businesses. The town continued to serve as an agribusiness center for the county until the late 1960s.
By 1970, Plano surpassed McKinney in size. McKinney experienced moderate population growth, from 15,193 in the 1970 census to 21,283 in the 1990 census. By the mid-1980s, the town had become a commuter center for residents who worked in Plano and Dallas. In 1985, it had a population of just over 16,000 and supported 254 businesses. Since then, McKinney’s rate of increase has been much more dramatic. In the 2000 census, McKinney had grown to 54,369 with 2,005 businesses and in the 2010 census the population had more than doubled to 131,117 residents. The Census Bureau’s most recent estimated population for McKinney (July 1, 2015) is 162,898. The most recent population estimate, produced by the city as of January 1, 2019, is 187,802.
Both the city and the county were named for Collin McKinney, signer of the Texas Declaration of Independence, and a congressman for the Red River district of the Republic of Texas. He was the author of a bill establishing counties in the northern part of the state.
According to the United States Census Bureau, the city has an area of 62.9 square miles (162.9 km), of which 0.7 square mile (1.7 km), or 1.07%, is covered by water.
McKinney is considered part of the humid subtropical region.
It is also part of the Texas blackland prairies, which means it gets hot summers because it is in the Sun Belt. Humidity makes temperatures feel higher, and winters are mild and are usually rainy; snowstorms occasionally occur. Spring is the wettest part of the year, which brings winds from the Gulf Coast.
At the 2010 U.S. census, the city had a population of 131,117 people. In 2020, the U.S. Census Bureau tabulated a population of 195,308, representing continued growth from the city’s 2000 population of 54,369.
As of the 2000 U.S. census, 64% of the foreign-born residents of McKinney originated from Mexico. Since 2009, 70% of McKinney’s total population born outside of the United States had arrived in the U.S. in the 1990s. In May 2017, the U.S. Census Bureau reported that McKinney was the third fastest-growing city in the United States. It had a 5.9% growth rate between 2015 and 2016.
Of the 68,458 households at the 2019 American Community Survey, 59.8% were married-couples living together. The average household size was 2.88 and the average family size was 3.36. In 2010, there were 28,186 households; 45.1% had children under the age of 18 living with them, 63.6% were married couples living together, 9.5% had a female householder with no husband present, and 23.2% were not families; 19.0% of all households were made up of individuals, and 5.3% had someone living alone who was 65 years of age or older. The average household size was 2.89 and the average family size was 3.29.
In 2010, the median income for a household in the city was $63,366, and for a family was $72,133. Males had a median income of $50,663 versus $32,074 for females. The per capita income for the city was $28,185. About 4.9% of families and 8.5% of the population were below the poverty line, including 9.2% of those under age 18 and 7.9% of those age 65 or over. In 2019, the median income in the city increased to $89,828; the mean income was $111,588.
According to the city’s 2022 Comprehensive Annual Financial Report, the top 10 employers in the city are:
According to the Comprehensive Annual Financial Report (2016), the city’s various funds had $324.6 million in total revenues, $247.9 million in total expenditures, $1.36 billion in total assets, $437.6 million in total liabilities, and $363.9 million in cash and investments.
The McKinney City Council has seven members. Two members and the mayor are elected at large, and four members are elected to single-member districts.
McKinney’s city manager serves under the direction of the city council, and administers and coordinates the implementation of procedures, policies, and ordinances.
The city of McKinney is a voluntary member of the North Central Texas Council of Governments association, the purpose of which is to coordinate individual and collective local governments and facilitate regional solutions, eliminate unnecessary duplication, and enable joint decisions.
McKinney is represented in the Texas Senate by Republican Angela Paxton, District 8, and Republican Drew Springer, District 30. McKinney is also represented in the Texas House of Representatives by Republican Scott Sanford, District 70.
At the federal level, Texas’s U.S. senators are John Cornyn and Ted Cruz. McKinney is in the 3rd Congressional district, which is represented by Keith Self.
The McKinney Police Department is the primary municipal law enforcement agency that serves the city. Chief Joe Ellenburg is the head of the department. As of 2023, the department had 252 sworn peace officers and 81 non-sworn civilian positions.
The department was awarded national accredited status from the Commission on Accreditation for Law Enforcement Agencies (CALEA) and is also a Texas Police Chief’s Association Foundation (TPCAF) Recognized Agency, making it only the third agency in Texas to receive both state and national accreditation.
Notable recent incidents in the department’s history include the high-profile investigation of the McKinney homicide that claimed the lives of two adults and two high school football players; a 2010 attack on the police department headquarters by a gunman who fired over 100 rifle rounds at the building and employees after attempting to detonate a truck and trailer full of explosives; and protests and media attention after a video was released of the 2015 Texas pool party incident.
McKinney is the home of the Central Park Campus of Collin College near the city’s center at US 75 and US 380, which opened in 1985 as the initial campus for the community college district. The Collin Higher Education Center campus of Collin College opened in southern McKinney in 2010 and offers select bachelor’s, master’s, and doctoral degree programs in partnership with Texas A&M University-Commerce, Texas Woman’s University, The University of Texas at Dallas, and the University of North Texas.
Two-thirds of McKinney residents are in the McKinney Independent School District; the remaining third are part of Frisco Independent School District, Prosper Independent School District, Allen Independent School District, Melissa Independent School District, Lovejoy Independent School District, or Celina Independent School District.
Five of the seven school districts serving the city placed in the top 5% in the Niche 2018 Best School Districts in America rankings; Allen ISD ranked #33 nationally, Frisco ISD ranked #60, Prosper ISD ranked #73, Lovejoy ISD ranked #78, and McKinney ISD ranked #268.
For high school, the two thirds of the city’s students who are in McKinney ISD attend McKinney High School, McKinney North High School and McKinney Boyd High School. The remaining third of McKinney students attend Emerson High School (Frisco ISD), Heritage High School (Frisco ISD), Rock Hill High School (Prosper ISD), Allen High School, Melissa High School, Lovejoy High School, or Celina High School.
In the 2018 U.S. News & World Report high school rankings, Lovejoy High School ranked #49 in Texas rankings and #283 nationally; McKinney North High School ranked #76 and #627, respectively; McKinney Boyd High School ranked #85 and #722 respectively; and Allen High School ranked #130 and #1228, respectively.
Imagine International Academy of North Texas is a no-tuition open-enrollment public charter school for grades K–12 in McKinney. It is open to students in any school district that serves McKinney residents. It is state-funded, independently run, and not part of any school district.
There are two private schools in the city that serve all grades from K–12, McKinney Christian Academy and Cornerstone Christian Academy.
The McKinney Courier-Gazette is a daily newspaper published in McKinney, covering Collin County. It is owned by American Community Newspapers. It has a daily circulation of 4,400 and a Sunday circulation of 26,400.
McKinney is served by two U.S. Highways: US 75 and US 380. The city is also bordered by the Sam Rayburn Tollway, a toll road administered by the North Texas Tollway Authority that runs to Dallas/Fort Worth International Airport.
McKinney offers discounted transit services to elderly, disabled, or low-income residents through the Collin County Transit Program.
The far southwestern corner of McKinney, in the large Craig Ranch development, has a trolley bus that serves the development and some shopping centers in the surrounding area.
McKinney National Airport and Aero Country Airport provide private and business air services.
Dallas, Garland and Northeastern Railroad (DGNO)
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.
