Owner Operator Insurance Requirements Lebanon, Tennessee
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Requirements Lebanon, 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 Lebanon, Tennessee with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Lebanon, 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
- 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.
Lebanon is the county seat of Wilson County, Tennessee, United States. The population was 38,431 at the 2020 census. Lebanon is located in Middle Tennessee, approximately 25 miles (40 km) east of downtown Nashville. Lebanon is part of the Nashville Metropolitan Statistical Area.
The city was incorporated in 1801, and was named after the biblical cedars of Lebanon (Cedrus libani). Local residents have called Lebanon “Cedar City”, mostly a reference to the abundance of “cedar” (Juniperus virginiana) trees in the area. The city is home to Cumberland University, a small, private four-year liberal arts institution.
According to the United States Census Bureau, the city has a total area of 38.63 square miles (100.1 km), of which 38.5 square miles (100 km2) is land and 0.03% is water. Lebanon is located at Latitude: 36° 12′ 17.40″ N Longitude: -86° 19′ 21.00″ W
Lebanon has a humid subtropical (Köppen Cfa) climate with mild winters and hot summers. Under the Trewartha climate classification, it is a temperate oceanic (Do) climate due to only 7 months having a mean 50 °F (10 °C) or higher.
As of the 2020 United States census, there were 38,431 people, 11,925 households, and 8,349 families residing in the city. The population estimate from the United States census has the population at 44,166 as of July 1, 2022. The population density was 692.0 inhabitants per square mile (267.2/km). There were 8,693 housing units at an average density of 297.3 per square mile (114.8/km2). There were 11,925 households, out of which 30.9% had children under the age of 18 living with them, 47.7% were married couples living together, 15.0% had a female householder with no husband present, and 33.4% were non-families. 28.5% of all households were made up of individuals, and 11.1% had someone living alone who was 65 years of age or older. The average household size was 2.41 and the average family size was 2.94.
In the city, the population was spread out, with 23.9% under the age of 18, 11.2% from 18 to 24, 29.0% from 25 to 44, 21.7% from 45 to 64, and 14.2% who were 65 years of age or older. The median age was 35 years. For every 100 females, there were 90.6 males. For every 100 females age 18 and over, there were 87.1 males.
The median income for a household in the city was $35,118, and the median income for a family was $45,094. Males had a median income of $31,207 versus $24,420 for females. The per capita income for the city was $20,366. About 9.3% of families and 13.0% of the population were below the poverty line, including 16.0% of those under age 18 and 16.4% of those age 65 or over.
Lebanon hosts the annual Tennessee State / Wilson County Fair.
The Lebanon Special School District, which includes most of Lebanon, encompasses four elementary schools and two middle schools. Wilson County Schools operates several additional primary and secondary schools in and around Lebanon, including Wilson Central High School and the newly reconstructed Lebanon High School. Small portions of Lebanon are in the Wilson County Schools for all years K–12. Schools serving those portions for K–8 include Carroll-Oakland School and Southside Elementary School. All of Lebanon is zoned to Wilson County Schools for grades 9–12.
Lebanon also has one private school, Friendship Christian School.
Lebanon is also home to Cumberland University, which was founded in 1842. The university has a rich heritage and has produced over eighty representarivez and senators, such as Albert Gore Sr. and Thomas Gore. The institution has also produced a Nobel Peace Prize recipient, Cordell Hull, who served as Secretary of State from March 1933 to November 1944.
Interstate 40, runs south of the city, and has three exits that serve Lebanon. U.S. Route 70 connects the city to Nashville to the west and Smithville to the southeast. The western terminus of U.S. Route 70N is located in Lebanon, which connects to Carthage to the east. U.S. Route 231 connects the city to Murfreesboro to the south and Scottsville, Kentucky to the north. Hartmann Drive and Maddox-Simpson Parkway form a partial beltway around the city. The eastern terminus of Interstate 840 is located west of the city. State Route 109 passes west of the city and connects to Gallatin to the north. Secondary State Routes 141 and 166 also pass through Lebanon.
Railroad freight service is provided by the Nashville and Eastern Railroad short line.
Commuter rail service to Nashville began service in 2006 via the Music City Star. Lebanon is the eastern terminus of the Music City Star commuter rail service which runs via scheduled service Mon-Fri. There are two times when trains operate outside the normal service. July 4 fireworks at Riverfront Park calls for a special event train. In addition, when the Tennessee Titans play at home, a special service called Game-Day Express operates.
Rail service began in 1871 with the now defunct Tennessee & Pacific Railroad, which ran to Nashville. The last original passenger train departed Lebanon in 1935.
Lebanon has a municipal airport referenced by FAA Identifier M54. Operating two runways, M54’s main runway is asphalt. Runway 1/19 is 5,000 by 100 feet (1,524 by 30 m). Runway 4/22 is turf 1,801 by 150 feet (549 by 46 m).
