Owner Operator Insurance Requirements Brownsburg, Indiana
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Requirements Brownsburg, 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 Brownsburg, Indiana with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Brownsburg, 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
- 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.
Brownsburg is a town in Hendricks County, Indiana, United States. The population was recorded to be 21,285 residents at the 2010 Census. In 2020 the population was recorded as 28,973 residents.
Brownsburg was first settled in 1824 by James B. Brown. Delaware Indians lived in what is now called Lincoln Township, along White Lick Creek, which was then called “Wa-pe-ke-way” or “White Salt”.
Four years later, the first log schoolhouse was built in Brown Township. Brown and additional settlers arrived once a stagecoach line was established along a road built in 1820 connecting to Indianapolis. William Harris settled in the area north of what is now Main Street, selling sections of woods to incoming pioneers. This gave the town its original name of Harrisburg in 1835. A post office was established in 1836 under the name of Harrisburg but was later changed to Brownsburg, since the name Harrisburg was being used by a post office in another Indiana county.
From 1840 to 1870, Brownsburg tripled in size, increased from six to sixteen acres, and added its first church. The town’s first election was held in 1848. In 1863, it was divided into Brown Township and Lincoln Township.
In 1985, part of the movie Hoosiers was filmed in the former College Avenue Gym.
According to the 2010 census, Brownsburg has a total area of 11.16 square miles (28.90 km), of which 11.08 square miles (28.70 km2) (or 99.28%) is land and 0.08 square miles (0.21 km) (or 0.72%) is water. White Lick Creek, a tributary of the White River, flows from north to south through the town, passing just west of the town center.
At the 2010 census there were 21,285 people, 7,948 households, and 5,816 families in the town. The population density was 1,921.0 inhabitants per square mile (741.7/km). There were 8,376 housing units at an average density of 756.0 per square mile (291.9/km2). The racial makeup of the town was 93.4% White, 2.2% African American, 0.1% Native American, 1.6% Asian, 0.1% Pacific Islander, 1.2% from other races, and 1.4% from two or more races. Hispanic or Latino of any race were 3.0%.
Of the 7,948 households, 40.9% had children under the age of 18 living with them, 58.7% were married couples living together, 10.5% had a female householder with no husband present, 4.0% had a male householder with no wife present, and 26.8% were non-families. 22.4% of households were one person and 8.5% were one person aged 65 or older. The average household size was 2.64 and the average family size was 3.11.
The median age in the town was 36 years. 28.4% of residents were under the age of 18; 6.8% were between the ages of 18 and 24; 28.8% were from 25 to 44; 24.1% were from 45 to 64, and 12% were 65 or older. The gender makeup of the town was 48.0% male and 52.0% female.
At the 2000 census, there were 14,520 people, & 5,366 households residing in the town. The population density was 1,983.5 inhabitants per square mile (765.8/km). There were 5,574 housing units at an average density of 761.4 per square mile (294.0/km2). The racial makeup of the town was 97.44% White, 0.32% African American, 0.17% Native American, 0.78% Asian, 0.08% Pacific Islander, 0.35% from other races, and 0.86% from two or more races. Hispanic or Latino of any race were 1.18%.
Of the 5,366 households, 41.8% had children under the age of 18 living with them, 64.0% were married couples living together, 8.6% had a female householder with no husband present, and 24.6% were non-families. 20.8% of households were one person and 8.2% were one person aged 65 or older. The average household size was 2.65 and the average family size was 3.10.
The age distribution was: 29.2% <18, 6.8% from 18 to 24, 34.5% from 25 to 44, 17.9% from 45 to 64, and 11.7% 65 or older. The median age was 33 years. For every 100 females, there were 92.7 males. For every 100 females aged 18 and over, there were 89.0 males.
The median household income was $63,629 and the median income for a family was $74,245. Males had a median income of $56,240 versus $38,685 for females. The per capita income for the town was $33,196. About 1.5% of families and 2.3% of the population were below the poverty line, including 1.3% of those under age 18 and 4.4% of those age 65 or over.
Brownsburg Community School Corporation maintains all public schools in Brownsburg.
The town has a library, the Brownsburg Public Library.
