Stepping away from the bigger trucking businesses and taking the leap to start your own owner-operator business could easily be considered one of the most sound financial decisions you make as a driver. However, along with taking on the role of owner will come some heavy business decisions--especially when it comes to trucker's insurance, which you may have never dealt with before. Trucker's insurance is far more complicated than your regular auto insurance, so finding the best is vital. Here are some key attributes you should be looking for that will help you track down the best insurance companies as an owner-operator.
1. The company specializes in trucking insurance. - You can find insurance as an owner-operator at a lot of places, including those that don't really specialize in one type of insurance specifically. However, as an owner-operator, it can be best if you go with an insurer who does specialize solely in trucker's insurance. These companies will have agents who are most familiar with the industry. They will be trained to anticipate your needs sometimes even before you think to need something because they know all about USDOT and trucking laws.
2. The insurer offers flexible claims filing. - Truck driving will always come with incidents and accidents. If your truck gets damaged in an accident, the last thing you need as an owner-operator is to be stuck waiting to file a claim or to get a claim adjustment, because time is most definitely money. Furthermore, you could be left stranded miles away from home because of an accident. The best trucker's insurance companies will make you getting back on the road their number one priority after a claim. The claim filing process should be simple and you should always get almost immediate assistance from an adjuster so you can get your rig fixed and back at work. Some of the greatest will send an adjuster to an accident site 24 hours a day just to get the claims process off to a quick start.
3. The insurance company offers coverage options complementary to your business. - There is no one-size-fits-all insurance policy for an owner-operator trucker. Because what and where you haul can vary greatly from one month to the next, it is important to have an insurance company that can be just as flexible with your coverage. Look for a trucker's insurance company that has an extensive listing of coverage options that can be both added and dropped as necessary to fit around your business.
For more information and details, talk with different insurance companies in your area or visit websites like http://www.xmetropolitan.com.