Insurance Requirements for Owner Operators Thomasville, North Carolina
JDW Truckers Insurance can answer your questions regarding Insurance Requirements for Owner Operators Thomasville, 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 Thomasville, North Carolina with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Thomasville, 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.
Thomasville is a city in Davidson County, North Carolina, United States. The population was 27,183 at the 2020 census. The city was once notable for its furniture industry, as were its neighbors High Point and Lexington. This Piedmont Triad community was established in 1852 and hosts the state’s oldest festival, “Everybody’s Day”.
John Warwick Thomas was born June 27, 1800, and by age 22 owned 384 acres (155 ha) in the Cedar Lodge area after marrying Mary Lambeth, daughter of Moses Lambeth. By age 30 he was a state representative. In 1848 he became a state senator. He pushed to get a railroad built through Davidson County and even invested money. Knowing the railroad was coming, Thomas built the community’s first store in 1852 at present-day West Main and Salem streets, and the community was named “Thomasville” for its founder. In 1855 the North Carolina Railroad was built through Davidson County, reaching Thomasville November 9. On January 8, 1857, Thomasville was incorporated and occupied one square mile, with the railroad dividing the town into north and south sections.
In 1860 Thomasville had 308 people. After the Civil War the town had only 217 residents, but by 1880 the population was 450, reaching 751 by 1890.
Long Bill Whiteheart may have been the first to make furniture; he made split-bottom chairs at home. D.S. Westmoreland also made chairs at home starting in 1866, and his factory on what became Randolph Street went up in 1879 but burned in 1897 and was not rebuilt. The oldest plant still standing as of 1990 was that of Standard Chair, built in 1898. Other furniture companies were Lambeth Furniture, Thompson Chair, and Queen Chair Company.
Cramer Furniture was said to be the South’s second largest furniture company in 1901. Thomasville Chair, started in 1904, soon became the town’s leading furniture manufacturer. By 1916, 2,000 chairs a day were being made citywide.
By 1909 Jewel Cotton Mills and Amazon Cotton Mills gave Thomasville another industry, textiles. Sellers Hosiery Mills of Burlington opened in 1913, and Thomasville Hosiery in 1916.
The Abbott’s Creek Primitive Baptist Church Cemetery, Brummell’s Inn, Church Street School, Emanuel United Church of Christ Cemetery, Shadrach Lambeth House, Mitchell House, Randolph Street Historic District, Salem Street Historic District, Smith Clinic, Thomasville Downtown Historic District, and Thomasville Railroad Passenger Depot are listed on the National Register of Historic Places.
Thomasville is commonly referred to as the “Chair Town” or “Chair City”, in reference to a 30-foot (9.1 m) landmark replica of a Duncan Phyfe armchair that rests in the middle of the city. The original “Big Chair” was constructed in 1922 by the Thomasville Chair Company (now Thomasville Furniture Industries) out of lumber and Swiss steer hide to reflect the city’s prominent furniture industry. However, this chair was scrapped in 1936 after 15 years of exposure to the weather. In 1951, a larger concrete version of the chair was erected with the collaboration of local businesses and civic organizations and still remains today. The Big Chair gained national attention in 1960 when then Presidential candidate Lyndon B. Johnson greeted supporters on the monument during a campaign whistle stop. Although larger ones have been built, many Thomasville residents still boast that the Big Chair between the two Main Streets is the “World’s Largest Chair”.
Thomasville is located in northeastern Davidson County and is bordered to the east by the city of Trinity in Randolph County.
According to the United States Census Bureau, the city of Thomasville has a total area of 16.8 square miles (43.5 km), of which 0.01 square miles (0.03 km), or 0.07%, is water.
As of the 2020 United States census, there were 27,183 people, 11,190 households, and 6,789 families residing in the city.
As of the census of 2010, there were 26,757 people, 10,537 households, and 7,013 families residing in the city. The population density was 1,775.2 inhabitants per square mile (685.4/km). There were 11,870 housing units at an average density of 763.9 per square mile (294.9/km). The racial composition of the city was: 68.3% White, 19.6% African American, 14.4% Hispanic or Latino American, 1.1% Asian American, 0.01% Native American, 0% Native Hawaiian or Other Pacific Islander, 8.1% some other race, and 2.1% two or more races.
There were 10,537 households, out of which 32.2% had children under the age of 18 living with them, 42.3% were married couples living together, 18.3% had a female householder with no husband present, and 33.4% were non-families. 28.3% of all households were made up of individuals, and 11.7% had someone living alone who was 65 years of age or older. The average household size was 2.50 and the average family size was 3.05.
In the city, the population was spread out, with 26.5% under the age of 18, 8.6% from 18 to 24, 27.6% from 25 to 44, 23.5% from 45 to 64, and 13.9% who were 65 years of age or older. The median age was 36.2 years. For every 100 females, there were 91.2 males. For every 100 females age 18 and over, there were 86.5 males.
The median income for a household in the city was $34,253, and the median income for a family was $40,795. Males had a median income of $29,794 versus $20,054 for females. The per capita income for the city was $16,045. About 25.2% of families and 29.2% of the population were below the poverty line, including 45.1% of those under age 18 and 17.7% of those age 65 or over.
Thomasville’s population has grown much faster than the rest of North Carolina and the United States. The U.S. Census Bureau estimates that as of 2005 Thomasville’s population reached 25,872, an annual average growth of over 6% from 2000. North Carolina grew at an average rate of 1.6%, and the United States grew at an average rate of 1%.
Thomasville has been historically associated with furniture and cabinetry manufacture, as well as for a wholesale and retail furniture market. “Thomasville” is used as a trade designation for artisan furniture made by either Thomasville Furniture Industries or furniture companies that are based in the city. Thomasville Furniture Industries was started here in 1904 as a chair company before becoming a furniture manufacturing company in the 1960s. After the last two plants closed in 2014, the Thomasville Furniture Industries Showroom became the only part of the company still located in Thomasville but it’s now closed. The company also operates a plant in Lenoir, North Carolina.
Other companies based in Thomasville include flooring company Mohawk Industries, trucker Old Dominion Freight Line and restaurant chain Cook Out.
Although Thomasville is located in Davidson County, it has its own public school system. The Thomasville City Schools system consists of four schools: Thomasville Primary (K–3), Liberty Drive Elementary (4–5), Thomasville Middle School (6–8), Thomasville High School (9–12).
Davidson County Schools has eight schools in the Thomasville area: Brier Creek Elementary (K–5), Fair Grove Elementary (K–5), Hasty Elementary (K–5), Wallburg Elementary School (K–5), Friendship Elementary School (K–5), Pilot Elementary (K–5), E. Lawson Brown Middle School (6–8), Ledford Middle School (6–8), East Davidson High School (9–12), and Ledford High School (9–12).
Thomasville Senior High School Bulldogs won the state 1AA Football Championship from 2004 to 2006, and again in 2008. Also, the Thomasville Senior High School has a marching band, The Scarlet Regiment. In November 2008 the band traveled to Greensboro, NC where they participated in Asymmetrix Ent. National High Stepping Band Competition. The band placed first in the preliminary round beating over twenty bands from Washington DC all the way to Alabama. Overall in the competition they placed fifth. The band is under the direction of Christopher Hayes.
The Thomasville Bulldogs are well known throughout the state for excelling in athletics, especially football.
The 1995 Bulldogs were the first team in the history of NC football to go 16–0.
In 2005, The Bulldogs were the first school in the history of NC athletics to win championships in football, women’s basketball, and men’s basketball and men’s soccer in the same year.
Thomasville is also home to the High Point-Thomasville HiToms of the Coastal Plain League, a collegiate summer baseball league sanctioned by the NCAA. The HiToms won the 2006, 2007 and 2008 Petitt Cup, the Coastal Plain League Championship. The HiToms play at Historic Finch Field in Thomasville, which was built in 1935. From 1937–1969, Finch Field was the home to many minor league teams. Hall of Famers such as Eddie Mathews once played for the High Point-Thomasville HiToms of the original Coastal Plain League.
The Thomasville Times, a bi-weekly community newspaper, covers the city. In addition, three larger daily Triad newspapers cover Thomasville: The Winston-Salem Journal, The High Point Enterprise and The Greensboro News & Record.
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.