Insurance Requirements for Owner Operators Morrisville, North Carolina
JDW Truckers Insurance can answer your questions regarding Insurance Requirements for Owner Operators Morrisville, 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 Morrisville, North Carolina with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Morrisville, 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.
Morrisville is a town located primarily in Wake County, North Carolina, United States (a small portion extends into neighboring Durham County). The U.S. Census Bureau estimated the town’s population to be 31,278 as of July 1, 2021. Morrisville is part of the Research Triangle metropolitan region. The regional name originated after the 1959 creation of the Research Triangle Park, located midway between the cities of Raleigh and Durham. The Research Triangle region encompasses the U.S. Census Bureau’s Combined Statistical Area (CSA) of Raleigh-Durham-Cary. The estimated population of the Raleigh-Durham-Cary CSA was 2,144,608 as of 2021, with the Raleigh-Cary Metropolitan Statistical Area (MSA) portion estimated at 1,448,411 residents. The operational headquarters of Lenovo is located in the municipal limits.
The area was originally named in 1852 after Jeremiah Morris. Morris donated land to the North Carolina Railroad for a depot, water tower, and other buildings. The town continued to grow as a result of the rail line and its location at the intersection of roads leading to Chapel Hill, Raleigh, and Hillsborough.
On April 13, 1865, in the Battle of Morrisville, United States cavalry under the command of Gen. Judson Kilpatrick skirmished with the retreating Confederate armies at Morrisville Station. The Confederate troops were successful in evacuating their remaining supplies and wounded to the west toward Greensboro, but Gen. William Tecumseh Sherman’s cavalry forced the Confederates to leave the train behind and retreat toward Durham and the eventual surrender of the largest Confederate force of the war at Bennett Place.
The town was officially chartered in 1875 but was disincorporated in 1933. Eventually the town charter was restored in 1947.
Morrisville History (as listed on historical marker):
The history marker notes it was given in memory of Commissioner C.T. Moore.
On December 13, 1994, Flagship Airlines Flight 3379 crashed in Morrisville, killing 15 of the 20 people on board.
According to the United States Census Bureau, the town has a total area of 8.3 square miles (21.5 km), of which 8.3 square miles (21.4 km) is land and 0.04 square miles (0.1 km), or 0.62%, is water.
Morrisville is located in the northeast central region of North Carolina, where the North American Piedmont and Atlantic Coastal Plain regions meet. This area is known as the “Fall Line” because it marks the elevation inland at which waterfalls begin to appear in creeks and rivers. As a result, most of Morrisville features gently rolling hills that slope eastward toward the state’s flat coastal plain. Its central Piedmont location situates the county approximately three hours west of Atlantic Beach by car and four hours east of the Great Smoky Mountains.
The central core of Morrisville is located along the upper portion of Crabtree Creek, which then feeds into Lake Crabtree, located in the southeastern part of the town.
Morrisville enjoys a moderate subtropical climate, with moderate temperatures in the spring, fall, and winter. Summers are typically hot with high humidity. Winter highs generally range in the low 50s°F (10 to 13 °C) with lows in the low-to-mid 30s°F (-2 to 2 °C), although an occasional 60 °F (15 °C) or warmer winter day is not uncommon. This is canceled out, however, with several days where highs do not get out of the 30s. There are usually one or two substantial snowfalls per winter, occurring mainly in February. Spring and fall days usually reach the low-to-mid 70s°F (low 20s°C), with lows at night in the lower 50s°F (10 to 14 °C). Summer daytime highs often reach the upper 80s to low 90s°F (29 to 35 °C). The rainiest months are July and August.
As of the 2020 United States census, there were 29,630 people, 9,699 households, and 6,781 families residing in the town.
As of the 2015 census estimate, the population of the town was 23,699.
As of the 2010 census there were 18,576 people, 7,641 households, and 4,752 families residing in the town. The population density was 2,237.7 inhabitants per square mile (864.0/km). There were 8,357 housing units at an average density of 1,006.9 per square mile (388.8/km). Known as North Carolina’s “little India” by locals, Morrisville has become one of the most diverse towns in the state particularly due to the expansion of the technology industry. The racial makeup of the town was 54.0% White, 12.9% African American, 0.4% Native American, 27.2% Asian, 2.0% from some other race, and 3.4% from two or more races. Hispanic or Latino of any race were 5.9% of the population.
There were 7,641 households, out of which 37.1% had children under the age of 18 living with them. 50.3% of all households were headed by married couples living together, 8.9% had a female householder with no husband present, and 37.8% were non-families. 30.0% of all households were made up of individuals, and 2.5% had someone living alone who was 65 years of age or older. The average household size was 2.43, and the average family size was 3.11.
In the town, the population was spread out, with 27.0% under the age of 18, 6.0% from 18 to 24, 44.4% from 25 to 44, 18.4% from 45 to 64, and 4.3% who were 65 years of age or older. The median age was 32.5 years. For every 100 females, there were 96.7 males. For every 100 females age 18 and over, there were 93.2 males.
In 2017, the median income for a household in the town was $95,763. Males had a median income of $59,982 versus $44,729 for females. The per capita income for the town was $43,054. About 3.4% of families and 4.6% of the population were below the poverty line, including 4.1% of those under age 18 and 13.0% of those age 65 or over.
Morrisville’s location adjacent to the Research Triangle Park, Raleigh-Durham International Airport, and Interstate 40 makes it an attractive location for offices, light industry and hotels. Companies based in Morrisville include Oracle , Syneos Health and Lenovo (operational headquarters).
Prior to its disestablishment, Midway Airlines had its headquarters in Morrisville.
The Morrisville Chamber of Commerce serves as the economic development arm for the town.
The computer technology, clinical trial and telecommunications industries have strong presence in the area. Major employers in 2019 included:
The Morrisville Christian Church, Williamson Page House, and Pugh House are listed on the National Register of Historic Places.
Morrisville is home to eight parks, two community centers, four greenways and a fitness center. They include:
Morrisville has several youth sports groups, such as youth basketball, baseball, softball, soccer, and cricket.
Morrisville operates under the council–manager form of government. The citizens elect a mayor and town council as the town’s governing body. After each municipal election, the town council selects a mayor pro tem. The town manager, Martha Paige, is appointed by the council to serve as the chief operating officer administering all municipal affairs. The current mayor is TJ Cawley and mayor pro tem is Liz Johnson. Morrisville Council members include Steve Rao, Vicki Scroggins-Johnson, Satish Garimella, Anne Robotti, and Donna Fender.
The North Carolina State Board of Dental Examiners has its headquarters in Morrisville.
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.
