Owner Operator Insurance Requirements Lakewood, Ohio
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Requirements Lakewood, Ohio. 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 Lakewood, Ohio with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Lakewood, Ohio 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.
Lakewood is a city in Cuyahoga County, Ohio, United States, on the southern shore of Lake Erie. Established in 1889, it is one of Cleveland’s historical streetcar suburbs and part of the Cleveland metropolitan area. The population was 50,942 at the 2020 census, making it the third largest city in Cuyahoga County, behind Cleveland and Parma.
Lakewood was incorporated as a village in 1889, and named for its lakefront location.
The wilderness west of the Cuyahoga River was delayed being settled due to a treaty the American government made with the Native Americans in 1785, whereby no white man was to settle on that land. Consequently, when Moses Cleaveland arrived in 1796, his activities were confined to the east side of the river.
The area now called Lakewood was populated by the Ottawa, Potawatomi, Chippewa, Wyandot, Munsee, Delaware and Shawnee tribes until the Treaty of Ft. Industry pushed them west in 1805. The treaty, signed at Ft. Industry near what is now downtown Toledo, Ohio, ceded 500,000 acres of some of the tribes’ land to the United States for about $18,000 or 3.5 cents/acre. The Shawnee and Seneca, living with the Wyandot, were to get $1000 “…every year forever hereafter.”
The area now occupied by Lakewood, Rocky River, Fairview Park, and West Park was purchased from the Connecticut Land Company by a syndicate of six men headed by Judson Canfield on April 4, 1807, for $26,084.
In 1806 the area was formally surveyed as Rockport Township. In 1818, permanent settlement began with the arrival from Connecticut of James Nicholson. Other early pioneers included Jared Kirtland and Mars Wager. Settlements were mostly along Detroit Avenue, a toll road operated by the Rockport Plank Company from 1848 to 1901, with large farms and properties extending north to Lake Erie. Making bricks and planting orchards were among the most prolific occupations until natural gas and oil wells were developed in the early 1880s.
By 1819 18 families lived in Rockport Township. In 1893, streetcars came to Lakewood with the construction of the Detroit Avenue line, followed by the Clifton Boulevard line in 1903 and the Madison Avenue line in 1916.
Lakewood, the first suburb west of Cleveland on the shores of Lake Erie, began as Township 7, Range 14, of the Connecticut Western Reserve in 1805. It was a wooded wilderness through which cut the old Huron Post Road that ran from Buffalo, New York, to Detroit, Michigan. In 1819 a small group of eighteen families living in the area of present-day Lakewood, Rocky River, and part of Cleveland’s West Park neighborhood named the growing community Rockport Township. In April of that year, the first election took place in Rufus Wright’s tavern with a member of each household present. Three were elected as trustees: Henry Alger, Erastus Johnson, and Rufus Wright. Elected as overseers of the poor were James Nicholson and Samuel Dean. Henry Canfield was elected clerk. This type of government served Rockport for the next 70 years, with an election held each year.
In 1889 East Rockport, with 400 residents, separated from the township and became the Hamlet of Lakewood. Settlement accelerated rapidly, with Lakewood becoming a village with 3,500 residents in 1903. City status, with 12,000 residents, came just eight years later. By 1930 the population of Lakewood was 70,509.
The early settlers in Township 7 sustained their lives through farming. The land was ideal for fruit farming and many vineyards began to emerge. Current street names reflect this history such as Orchard Grove and Blossom Park. The fertile soil and lake climate that were ideal for producing crops is what attracted many people to move to the township. There was also vast amounts of trees to be used for building homes and other structures. The most common occupations in Lakewood were farming and the building trades.
Roads were the earliest influence on development in Lakewood. The Rockport Plank Road Company improved the old Detroit Road in 1848, opening a toll road from present-day West 25th Street in Cleveland to five miles west of the Rocky River. It continued operating as a toll road until 1901. A series of bridges spanning the Rocky River Valley, the first of which was built in 1821, improved commerce between Cleveland and the emerging communities to its west. An 1874 atlas of Cuyahoga County shows present-day main roads such as Detroit Avenue, Madison Avenue, Franklin Boulevard, Hilliard Road, Warren Road, and Riverside Drive.
Under the Ohio Common School Act of April 9, 1867, three schools were allotted to East Rockport, called 6, 8, and 10; they were later designated East, Middle, and West. Each school had one teacher. As the community began to grow and more schools were required, the school board adopted the policy of honoring Ohio’s presidents by assigning their names to the school buildings.
The Rocky River Railroad was organized in 1869 by speculators as an excursion line to bring Clevelanders to the resort area they developed at the mouth of the Rocky River. Financially unsuccessful as a pleasure and amusement venture, the line was sold to the Nickel Plate Railroad in 1881. The railroad line still exists today, running in an east–west direction north of Detroit Avenue.
Lakewood Hospital first opened its doors in 1907. The hospital, founded by Dr. Lee Graber, was originally located in a double house on Detroit Avenue, then built a “modern” building in 1917 and was renovated in 1940, 1950, 1967 and 1970-71. The city of Lakewood purchased the hospital in 1931. The Cleveland Clinic added the hospital to its health system in 2006.
In January 2015, the Cleveland Clinic announced it would close the hospital in 2016 and replace it with a family medical center. After a year of community debate, the hospital was closed. The new medical center which included outpatient programs, an emergency department and wellness services opened across the street from the old hospital site in 2018. None of the 845 employees of Lakewood lost their jobs, as they were offered other positions in the Cleveland Clinic system. There was opposition to the closing from a citizens’ group called “Save Lakewood Hospital” who contended that the city could find another entity to manage the hospital and keep it open.
Lakewood is located about 6 miles (9.7 km) west of Downtown Cleveland. The city borders Lake Erie to the north, the Cleveland neighborhoods of Edgewater and Cudell to the east, and the neighborhoods of Jefferson and Kamm’s Corners to the south. It borders the suburb of Rocky River to the west at the Rocky River valley. According to the United States Census Bureau, the city has a total area of 6.69 square miles (17.33 km), of which 5.53 square miles (14.32 km) is land and 1.16 square miles (3.00 km) is water.
As of the census of 2010, there were 52,131 people, 25,274 households, and 11,207 families residing in the city. The population density was 9,426.9 inhabitants per square mile (3,639.7/km). There were 28,498 housing units at an average density of 5,153.3 per square mile (1,989.7/km). The racial makeup of the city was 87.5% White, 6.4% African American, 0.3% Native American, 1.9% Asian, 1.3% from other races, and 2.7% from two or more races. Hispanic or Latino of any race were 4.1% of the population.
There were 25,274 households, of which 22.5% had children under the age of 18 living with them, 29.7% were married couples living together, 10.8% had a female householder with no husband present, 3.8% had a male householder with no wife present, and 55.7% were non-families. 44.8% of all households were made up of individuals, and 9.8% had someone living alone who was 65 years of age or older. The average household size was 2.05 and the average family size was 2.99.
The median age in the city was 35.4 years. 19.6% of residents were under the age of 18; 9.6% were between the ages of 18 and 24; 34.3% were from 25 to 44; 25.7% were from 45 to 64; and 11% were 65 years of age or older. The gender makeup of the city was 49.1% male and 50.9% female.
As of the 2007 American Community Survey, the median income for a household in the city was $42,602, and the median income for a family was $59,201. Males had a median income of $42,599 versus $35,497 for females. The per capita income for the city was $26,939. About 10.9% of families and 14.3% of the population were below the poverty line, including 20.3% of those under age 18 and 10.5% of those age 65 or over. Of the city’s population over the age of 25, 39.0% hold a bachelor’s degree or higher.
According to the 2020 United States census, Lakewood had a population of 50,942. Of which, 82.7% were non-hispanic White, 5.2% were non-hispanic Black, 4.8% were Hispanic/Latino, 2.4% were Asian, 5.9% were mixed or other.
Lakewood’s ethnic mosaic includes Albanian, Arab, Chinese, German, Hungarian, Irish, Italian, Mexican, Nepalese, Puerto Rican, Polish, Russian, Slovak, and Ukrainian ancestries. As of 2019, 12.2% spoke a language other than English at home, including Arabic, Spanish, Albanian, Russian, Serbo-Croatian, and Hungarian. The community is a hotspot for immigrants, arriving primarily from Southeast Europe (especially Albania, Romania, Greece, and the former Yugoslavia), the Middle East (Lebanon, Syria, and Iran), South Asia (India, Nepal, and Myanmar), and the former USSR (Russia, Uzbekistan, and Ukraine). The foreign-born population was approximately 8.6% in 2019.
Lakewood is governed by an elected mayor and elected council. The council has seven members, with four members representing wards in the city and the other three are at-large council members. Once politically dominated by New England Republicans, Lakewood has become a center for the progressive wing of the Democratic Party in Ohio. It was a stronghold of support for former Congressman Dennis Kucinich, and in the 2016 Democratic presidential primary, its voters strongly backed Bernie Sanders. The city is currently represented in the U.S. House of Representatives by Shontel Brown (OH-11, D). In the Ohio General Assembly it is represented by Nickie Antonio (D) in the State Senate and by Michael Skindell in the (D) State House.
Notable former mayors include Anthony Sinagra (1978 – 1990), Madeline Cain (1996 – 2003), and Ed FitzGerald (2008 – 2010).
The City of Lakewood Public School System is managed by a directly elected school board. The Lakewood City Schools was rated as having “Continuous Improvement” by the Ohio Department of Education in 2013. Lakewood rebuilt or renovated the city’s high school, two middle schools and seven elementary schools in a process completed in 2017. The investment was the first major school building program in Lakewood since 1920. The school system is one of the largest employers in the city of Lakewood.