Owner Operator Insurance Cost Germantown, Tennessee
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Cost Germantown, Tennessee. 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 Germantown, Tennessee with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Germantown, Tennessee 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
- Berkley Prime
- Falls Lake
- Great Lakes
- Allied World
- Ace Hazmat
- ACE Fleet
- United Specialty
- Hudson Fleet
- Tokio Marine
- National General
- Great American
- ACE / Westchester
- National Casualty / Nationwide
- Scottsdale Brokerage
- Crum Forster
- James River
- IFG – Burlington
- Carolina Casualty
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.
- 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.
- 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.
- 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.
Germantown is a city in Shelby County, Tennessee, United States. The population was 41,333 at the 2020 census.
Germantown is a suburb of Memphis, bordering it to the east-southeast. Germantown was founded in 1841 by mostly German emigrants. The town hosts Festivals year round to celebrate their history and German Culture. In the city center is the “Old Germantown” neighborhood, anchored by a railroad depot (a 1948 reproduction of the 1868 original) and railroad tracks that recall the community’s earliest days of development as an outpost along the Memphis and Charleston Railroad.
The city hosts many horse shows and competitions annually, most notably the Germantown Charity Horse Show in June. Other major annual events include the Germantown Festival, an arts and crafts fair, in early September.
Germantown has the lowest crime rate for any city its size in the State of Tennessee and the police and fire departments have average emergency response time of five minutes (police just under 4 minutes & fire department 5.2 minutes). The parks and recreation department is nationally accredited. The Arbor Day Foundation has designated Germantown a “Tree City USA” for 23 consecutive years. Only 3.2% of Germantown citizens are below the poverty line.
Germantown is located at (35.089023, −89.793997). It is part of the Memphis metropolitan area.
According to the United States Census Bureau, the city has a total area of 17.6 square miles (46 km), of which 0.04 square miles (0.10 km), or 0.17%, is water.
Germantown was founded along the Chickasaw Trace on a ridge between the Wolf River and Nonconnah Creek, about 16 miles east of the Mississippi River.
The first settlers arrived in Germantown about 1825. Between 1825 and 1830, Miss Frances Wright established Nashoba Plantation, a utopian community intended to educate emancipated slaves and teach them a trade. By 1830, the first store was opened as more settlers moved into the area.
The community became known as Pea Ridge in 1833. Town lots were laid out in 1834 by surveyor N. T. German. The name was changed to Germantown in 1836. This coincidentally also reflected the settling of German families.
The town was incorporated in 1841. The Memphis-Charleston Railroad was built through the community in 1852. Germantown experienced setbacks through the period of the Civil War (1861-1865); the yellow fever epidemics reduced its population to a few hundred.
The town rebounded slowly. Churches destroyed in the war were rebuilt, schools were constructed and the population began to return around the turn of the century. The city name was briefly changed to Neshoba, a Chickasaw word meaning ‘wolf’, during World War I, because of widespread anti-German sentiment in the United States at that time.
During the twentieth century, the community derived its strength through involvement of citizens, as evidenced in the churches, garden clubs and civic organizations. The Poplar Pike Improvement Association and the Germantown Civic Club played vital roles in the physical and social development of the community.
In the last half of the century, after WWII the population grew from about 400 to more than 40,000. Over several decades, elected and civic leadership, with support of citizens, worked proactively to control suburban growth through development regulations, aesthetic controls and strategic planning efforts.
“Old Germantown” is centered around the railroad depot in downtown Germantown on Germantown Road. This was chosen as a central location by settlers in the late 19th century due to its high ground and central location. The depot was rebuilt in 1948 to replace the original structure from 1868. The depot is now home to the Germantown Train Museum. There are signs to commemorate historical sites and parks in “Old Germantown.”
Fort Germantown, located on Honey Tree Drive off of Poplar Pike is listed in the National Register of Historic Places. It was at this site that 250 Union Soldiers built their fortification from the ground in order to guard the Memphis and Charleston railroad during the Civil War. Now, there are replicas of Howitzer cannons to mark the fort.
The John Gray House, located in Municipal Park, built prior to 1851 is one of the oldest brick homes in Shelby County. Originally located in Eads, TN, it was moved to Germantown in 1989 to prevent demolition.
The City of Germantown operates under a Mayor-Alderman form of government. The mayor and five aldermen are elected for four year terms and are part-time positions. The Board of Mayor and Aldermen is the legislative and policy-making body of the city. The mayor does not vote except to break a tie. By charter, the mayor is the chief administrative officer; however, oversight of day-to-day management is assigned to a professional city administrator, appointed by the mayor but subject to board approval. Mike Palazzolo was elected as Mayor in November 2015 and re-elected in 2018.
More than 200 citizens annually volunteer their time, expertise and energy in service on the city’s 20-plus advisory commissions and boards. Most appointments, made by the mayor and aldermen each December, are for one year terms; most groups meet monthly. Their responsibilities range from recommendations on City government matters and community interests to identifying opportunities, challenges and solutions to conducting special activities. The commissions are Audit, Beautification, Design Review, Economic Development, Education, Environmental, Financial, Athletic Club, Great Hall, Historic, Industrial Development, Neighborhood Preservation, Parks and Recreation, Personnel, Planning, Public Safety Education, Retirement Plan Administration, Other Postemployment Benefits, Senior Citizens, and Telecommunications. The boards are Zoning Appeals, Industrial Development and Library.
Germantown is served by two school districts, Shelby County Schools and Germantown Municipal School District.
Farmington Elementary School, Forest Hill Elementary School, Dogwood Elementary School, Riverdale Elementary K-8 School (GMSD) and Germantown Elementary School (SCS)
Houston Middle School, Riverdale Elementary K-8 School (GMSD) and Germantown Middle School (SCS)
Houston High School (GMSD) In 2015, Houston High School was rated by The Washington Post as one of America’s Most Challenging High Schools.
Germantown High School (SCS) Germantown High School is an International Baccalaureate School, Blue Ribbon School, and is one of the largest high schools in the state of Tennessee, rated as a Reward School in Tennessee for Growth and Achievement measured by perfect scores of 5 each of the past 5 years.
Jason Manuel, former principal of Houston Middle School, is Superintendent of Germantown Municipal Schools. The School Board consists of 5 at large elected positions.
Germantown Elementary, Middle, and High School remain with the Shelby County Schools district, although they are located within the borders of the city of Germantown and continue to serve a large proportion of Germantown K-12 students as well as students from unincorporated Shelby County.
As of the 2020 United States Census, there were 41,333 people, 14,696 households, and 11,682 families residing in the city.
As of the 2010 census, there were 38,844 people, 14,910 households, and 11,750 families residing in the city, with 15,536 housing units. The racial makeup of the city was 89.54% White, 3.57% Black, 0.21% Native American, 5.15% Asian, 0.02% Pacific Islander, 0.42% from other races, and 1.07% from two or more races. Hispanic or Latino of any race were 1.89% of the population.
There were 14,910 households, out of which 32.2% had children under the age of 18 living with them, 69.5% were married couples living together, 6.4% had a female householder with no husband present, 2.2% had a male householder with no wife present, and 21.9% were non-families. 19.7% of all households were made up of individuals, and 9.0% had someone living alone who was 65 years of age or older. The average household size was 2.60 and the average family size was 3.00.
In the city, the population was spread out, with 26.2% under the age of 20, 3.5% from 20 to 24, 19.2% from 25 to 44, 35.1% from 45 to 64, and 16.0% who were 65 years of age or older. The median age was 45.7 years. There were 18,800 males, of whom 14,023 were over the age of 18. There were 20,044 females, of whom 15,447 were over the age of 18.
The median income for a household in the city according to the 2010 census was $112,979, and the median income for a family was $127,216. Males had a median income of $93,401 versus $54,592 for females. The per capita income for the city was $54,157. About 1.9% of families and 2.9% of the population were below the poverty line, including 2.8% of those under age 18 and 2.2% of those age 65 or over.
A total of 27 parks allow for a park within walking distance of every residence. The community has more than 700 acres of parkland. More than 11.4 miles of greenway links parkland and neighborhoods.
The Community Library was constructed in 1996 and the Regional History and Genealogy Center opened in FY07.
The Germantown Performing Arts Centre (GPAC) is an acoustically-perfect 800-seat theater featuring top artists from around the world.
The Germantown Athletic Club is a 118,000 square foot indoor athletic complex that opened in 1989 and expanded in 2003 to include two outdoor pools.
The Great Hall & Conference Center is an 8,000 square feet rental facility space for accommodation of meetings, weddings and receptions.
The Commissary is a Memphis-style barbecue restaurant located in “Old Germantown.”
Notable celebrities who currently reside or have previously resided in Germantown include:
Number of Stations – 4,
Number of Regular Firefighters – 71,
Number of Volunteer Firefighters – 25,
Insurance Service Office Rating – Class I
Number of Regular Police Officers – 108,
Number of Reserve Police Officers – 30
Recreation and Culture:
Number of Parks – 27,
Acreage – 748,
Number of Libraries – 2,
Volumes – 143,520
Number of Consumers – 13,479,
Miles of Water Main – 208,
Well Capacity – 25 million gallons per day,
Treatment Plant Capacity – 25 million gallons per day,
Storage Capacity – 7.875 million gallons,
Average Daily Consumption – 7.5 million gallons per day,
Peak Day Pumpage – 15.120 million gallons
Number of Consumers – 13,270,
Miles of Sewer Main – 211,
Treatment – Provided by City of Memphis
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.
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?
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.