General Business - Wholesale & Retails
Contractors
Apartment Buildings & Strip Malls
All Offices
|
Coverage Offered:
- General Liability
- Property
- Crime
- Contractor
- Liquor Liability
- Most Professional Liability
|
|
Coverage Offered:
- General Liability
- Auto Liability
- Garage Liability
- Garage Keeper Liability
- Business Property & Buildings
|
Trucking (Local, Intermediate, and Long
Haul)
Tow Truck
Dump Trucks
Moving Companies
Car Carriers
All Light Commercial Autos
|
Coverages Offered:
- Physical Damage
- Primary Liability (with or without filing)
- Cargo
- Non-Trucking Liability and Bobtail are available for
independent Owner Op.
- Genera Liability
- Garage Liability
- Garage Keeper Liability (legal or primary)
|
Workers Compensation & Occupational
Accidents
|
Workers Compensation/ Occupational Accidents
If you employ drivers and other workers, a Workers' Compensation
policy is required by most states. This insurance protects you against your liability
to your workers for injuries sustained while on the job. Workers Compensation can be
expensive for trucking businesses.
Occupational Accident insurance is designed specifically for the trucking industry. This
coverage typically provides medical payments and disability payments due to on-the-job
injuries. Most plans will also include a small amount for off-the-job accidental injuries as
well.
There are differences between workers compensation and occupational accident policies.
Generally speaking, in the event of work-related accident, there is no limit on the period
for which workers comp policies pay until workers is able to return to work (could be 10
months or 10 years). The better Occupational Accident policies will pay medical benefits
for up to 2 years from date of covered injury subject to the policy limits. The benefits paid
to survivors under Workers' Compensation are also more extensive in most states when
compared to Occupational Accident.
Price is a major difference. Occupational Accident policies are much cheaper, and can
be purchased for about $170 a month depending on the class of business and the level of
benefits you are willing to pay for. The cost of Workers Comp is a percentage of your
annual wages (22% plus or minus). Many insurance companies has minimum premiums
for their Workers Comp policies
|
