Owner Operator Insurance Cost Greenwood, Indiana
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Cost Greenwood, Indiana. 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 Greenwood, Indiana with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Greenwood, Indiana 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.
Greenwood is a city in Johnson County, Indiana, United States. The population was 63,830 at the 2020 Census. Greenwood is located southeast of central Indianapolis between Indiana State Road 37 and Interstate 65. The city shares a border with Indianapolis and is the most populous suburban municipality in the southern portion of the Indianapolis Metropolitan Area.
The first inhabitants of the area currently known as Greenwood were the Delaware Indians (Lenape). In 1818, the Treaty of St. Mary’s opened central Indiana to European American settlement, and by 1823 the first cabin in northern Johnson County was erected by settlers John B. and Isaac Smock on land now occupied by Greenwood Park Mall. Greenwood was first known as “Smocktown” or “Smock’s Settlement” in honor of the Smock brothers, and became “Greenfield” in 1825. Since this clashed with another Greenfield located in Hancock County, the name of the settlement was changed to “Greenwood” in 1833.
Greenwood was incorporated as a town under Indiana law in 1864.
Greenwood was an early and key cog in the Electric Indianapolis Interurban Railway System. In 1895, Henry L. Smith proposed and organized the Indianapolis, Greenwood & Franklin Company and graded the line to Greenwood. The Indianapolis, Greenwood & Franklin Railway was opened between Indianapolis and Greenwood on January 1, 1900, and, according to Indianapolis historian Jacob Piatt Dunn, was the Hoosier capital’s first real interurban electric railway. The railway followed what is now Madison Avenue.
The J.T. Polk Canning Company was essential to Greenwood’s early growth. The cannery was a major employer and canned a variety of vegetables grown in Indiana. Later, the company expanded into the dairy market and provided milk delivery to customers. At one point the cannery was the largest canning operation west of Baltimore. The cannery was eventually purchased by the Stokely-Van Camp company and retained operations in Greenwood until the 1950s. Portions of the cannery are still standing on Main Street and have been repurposed for professional office space.
Greenwood became a fifth-class city in 1960.
In February 1965, an Indiana Civil Rights Commission report found that Greenwood had recently been one of 19 sundown towns in Indiana, where African Americans were not allowed to live or stay after dark. The city had been exclusively white since the 1920s. The report analyzes Greenwood’s housing problem within African American families in the few years leading up to 1965. The analysis confirms a study regarding poorly constructed homes on the outskirts of Greenwood and a purchased house bought by an African American family that sold below $15,000. Racial tensions rose when the family introduced themselves to their new neighbors. In response, the neighbors presented the African American family with hostile threats. In the aftermath, the owners revoked their sale from the housing market.
Greenwood has long been a rightward-leaning community politically. After the founding of the John Birch Society in Indianapolis in 1958, a landmark for many years on the south side, adjacent to U.S. Route 31, was a Society billboard demanding “Get US out! of the United Nations”. Circa 1967 Greenwood became home to one of the major “realms” of the Ku Klux Klan. Kentucky native William M. Chaney ran the Confederation of Independent Orders of the Invisible Empire, Knights of the KKK (apparently affiliated with the United Klans of America Inc.), from his home there until at least the early 1980’s (he died in 2002).
Greenwood Commercial Historic District was listed on the National Register of Historic Places in 1991. This district encompasses 25 buildings and 3.2 acres (1.3 hectares).
In 2010, the Greenwood City Council approved a measure to change the official status of Greenwood to a second-class city in accordance with Indiana Code Title 36, Article 4, Chapter 1.
On July 17, 2022, three people were killed and two others wounded after a mass shooting occurred at the food court of Greenwood Park Mall. The gunman was subsequently shot and killed by an armed civilian who witnessed the shooting.
Greenwood is in northern Johnson County and occupies the northern half of Pleasant Township and the northeast portion of White River Township. The easternmost edge of Greenwood extends into Clark Township. It is bordered to the southwest by Bargersville, to the south by Whiteland and New Whiteland, and to the north, in Marion County, by the city of Indianapolis. Greenwood is 11 miles (18 km) south of Downtown Indianapolis and 12 miles (19 km) north of Franklin, the Johnson county seat.
According to the 2020 census, Greenwood has a total area of 27.91 square miles (72.29 km), of which 27.91 square miles (72.29 km) (or 100%) is land and 0.00 square miles (0.00 km) (or 0%) is water.
Greenwood’s mean elevation is 813 feet (248 m) above sea level. The city’s topography is flat to gently rolling.
There are no navigable bodies of water within city limits. Several creeks run through the area and influence local drainage patterns, topography, and storm water management systems. Pleasant Run Creek flows from east to west across the northern half of the city, leading 5 miles (8 km) to the White River. Several municipal parks occupy the lowlands next to the creek. Grassy Creek and Tracy Ditch flow south from the city, connecting Greenwood to the towns of New Whiteland, Whiteland, and Franklin. Honey Creek originates in the southwest section of the city and after flowing through White River Township eventually joins the White River near the intersection of Smith Valley Road and Highway 37.
Greenwood’s climate is classified as warm temperate (Cfa) by the Köppen-Geiger system, with an average annual temperature of 54.3 °F (12.4 °C). About 45 inches (1,100 mm) of precipitation falls annually, distributed fairly evenly throughout the year.
Main Article: Parks
Over the years, Greenwood has constructed 17 parks that span upwards of 400 acres of land; furthermore, amongst these parks, there are more than 20 lineal miles of trailways for walking and biking, and many of them run through green spaces and wooded areas. Some of the parks, such as City Center Park or Freedom Park, provide children with the opportunity to have outdoor activity through amenities spanning anywhere from slides to splash pads.
According to Greenwood’s most recent Comprehensive Annual Financial Report, there were 209.6 miles (337.3 km) of public streets within the city limits as of 2015.
Major east-west arterial routes in Greenwood are not numbered and include County Line Road, Fry Road, Main Street, Smith Valley Road, Stop 18 Road, and Worthsville Road. Greenwood’s system of east–west streets and roads link residents and businesses in White River Township with the business and neighborhoods adjacent to Interstate 65.
Most major north–south corridors in Greenwood are numbered and are not property of the city. U.S. 31, State Road 135, and Interstate 65 serve as the major north–south routes in the city. Greenwood owns and maintain three secondary corridors east of U.S. 31: Madison Avenue connects the Greenwood Park Mall to the Old Town Historic District; Emerson Avenue serves as a major commercial and business corridor and connects St. Francis Hospital in Indianapolis to Smith Valley Road; and Graham Road, located east of Interstate 65, connects County Line Road to Worthsville Road and serves several large distribution centers.
As of 2019, three exits connect Greenwood to Interstate 65. The most recently constructed interchange, Exit 97 (Worthsville Road), features a diverging diamond traffic design. It is one of two such installations in Indiana. The remaining two interchanges, Exit 99 (Main Street) and Exit 101 (County Line Road), use conventional diamond and parclo A4 configurations, respectively. All three interchanges serve major commercial and industrial zones in the city.
Freight rail service is provided by the Louisville and Indiana Railroad (LIRC). The LIRC line traverses Greenwood from north to south and roughly parallels U.S. 31 and Interstate 65.
As of the census of 2010, there were 49,791 people, 19,615 households, and 12,845 families residing in the city. The population density was 2,345.3 inhabitants per square mile (905.5/km). There were 21,339 housing units at an average density of 1,005.1 per square mile (388.1/km). The racial makeup of the city was 91.1% White, 1.7% African American, 0.3% Native American, 3.7% Asian, 0.1% Pacific Islander, 2.1% from other races, and 2.1% from two or more races. Hispanic or Latino of any race were 4.0% of the population.
There were 19,615 households, of which 35.7% had children under the age of 18 living with them, 49.2% were married couples living together, 11.6% had a female householder with no husband present, 4.8% had a male householder with no wife present, and 34.5% were non-families. 27.8% of all households were made up of individuals, and 8.9% had someone living alone who was 65 years of age or older. The average household size was 2.51 and the average family size was 3.09.
The median age in the city was 34 years. 26.6% of residents were under the age of 18; 9% were between the ages of 18 and 24; 29.8% were from 25 to 44; 23.1% were from 45 to 64; and 11.6% were 65 years of age or older. The gender makeup of the city was 48.4% male and 51.6% female.
As of the census of 2000, there were 36,037 people, 14,931 households, and 9,600 families residing in the city. The population density was 2,524.8 inhabitants per square mile (974.8/km). There were 16,042 housing units at an average density of 1,123.9 per square mile (433.9/km). The racial makeup of the city was 96.54% White, 0.44% African American, 0.19% Native American, 1.36% Asian, 0.04% Pacific Islander, 0.69% from other races, and 0.74% from two or more races. Hispanic or Latino of any race were 1.91% of the population.
There were 14,931 households, out of which 32.4% had children under the age of 18 living with them, 51.0% were married couples living together, 9.9% had a female householder with no husband present, and 35.7% were non-families. 29.9% of all households were made up of individuals, and 9.9% had someone living alone who was 65 years of age or older. The average household size was 2.37 and the average family size was 2.97.
In the city, the population was spread out, with 25.3% under the age of 18, 9.6% from 18 to 24, 32.1% from 25 to 44, 20.7% from 45 to 64, and 12.3% who were 65 years of age or older. The median age was 34 years. For every 100 females, there were 91.9 males. For every 100 females age 18 and over, there were 87.6 males.
The median income for a household in the city was $46,176, and the median income for a family was $57,298. Males had a median income of $40,291 versus $28,936 for females. The per capita income for the city was $23,003. About 4.6% of families and 7.0% of the population were below the poverty line, including 8.5% of those under age 18 and 9.4% of those age 65 or over
According to the Johnson County Chamber of Commerce’s Labor Force Report, in 2020 Greenwood had a total of 2,803 business establishments, employing 27,865 individuals. The principal employers in the city by NAICS category are:
Greenwood is home to the headquarters or other major facilities for several large businesses. The U.S. headquarters for Swiss process automation company Endress+Hauser is located in the southern portion of the city, immediately east of US 31 between Worthsville Road and Pushville Road. In 2014, the company completed construction of a new 80,000 square feet (7,400 m) customer center on its Greenwood Campus. Nachi Fujikoshi’s subsidiary Nachi America Inc., a producer of machine tools, maintains its corporate campus and manufacturing facilities on Pushville Road in Greenwood. Amazon operates a fulfillment center near Worthsville Road and Interstate 65 that employs around 1,000 people. In late 2020, power tool manufacturer Milwaukee Electric Tool established its second U.S. service hub at Greenwood’s Southtech Business Park; the facility commenced operations in May 2021.
Four craft breweries are located within Greenwood. Oaken Barrel Brewing Co. has called Greenwood home since its opening in 1994. Oaken Barrel is the second oldest brewpub in Indiana. Planetary Brewing established a production center and tasting room for Greenwood customers in 2013. The city is also home to Mashcraft Brewing Company. Mashcraft operates a taproom on State Road 135. Hoosier Brewing Company is located on South Madison Avenue in Old Town.
In the Fall of 2022 the home office of CALLERLAB, the International Association of Square Dance Callers, moved from Topeka, Kansas to an office complex near Emerson Avenue and Main Street in Greenwood. Their mission is “to foster the art of square dance calling, and improve caller skills”.
91.1% of Greenwood residents are high school graduates or higher. 31.1% of residents have attained a bachelor’s degree or higher.
Three public school corporations serve Greenwood residents: Greenwood Community School Corporation, Clark-Pleasant Community School Corporation, and Center Grove Community School Corporation.
The city is served by the Greenwood Public Library. The Johnson County Public Library also operates a separate branch within Greenwood city limits.
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.