Understanding Occupational Accident Insurance

Independent trucking contractors have insurance needs that are unique to their occupation. Occupational Accident Insurance for truckers was designed with these requirements in mind. Those who own and operate trucking companies have a lot on their mind, so having a specialized insurance policy helps business owners get back to the important work of managing their business and employees. Proper coverage also gives employers the peace of mind that in the event of an accident, their financial security, medical bills, and any other casualty expenses will be paid.

What is Occupational Accident Insurance?

Trucker’s Occupational Accident Insurance is different than workers’ compensation but was designed for any truckers who do not qualify for a traditional workers’ compensation packages. It should be noted, however, that occupational insurance is not intended to replace worker’s compensation insurance for trucking companies that do qualify for that coverage. The biggest difference between the two is that a workers’ compensation policy will not have a limit concerning the injuries or illnesses acquired on the job. Truckers Occupational Accident Insurance, however, does come with limits to the medical benefits available. Another major difference is that while workers’ compensation provides protection to employers from the potential of being sued by an employee, this protection is not available to those with Occupational Accident Insurance for Truckers.

The insurance needs of Truckers is complicated, which is why occupational insurance is often a combination of several common insurance policies into one comprehensive plan.

Commonly, such a program will carry some parts of:

-Life Insurance
-Injury Insurance
-Health Insurance
-Disability Insurance

A combination like this is not only more convenient than balancing multiple different policies but can be much cheaper as well.

Why use this company for Truckers Occupational Accident Insurance?

As an independently owned and operated insurance company, our priority is our customers and ensuring that their needs are met in ways that match their business and their budget. Because we do not represent just one insurance company, we have the flexibility to work with several top-rated companies and can shop for your insurance impartially. This often saves our clients a lot of money, as insurance rates can vary drastically from one company to the next.

Allowing us to handle your insurance needs also saves you time. Instead of calling around to several insurance companies and re-iterating your needs to company after company, allow us to do this for you. We will use our understanding of your unique needs to encourage providers to compete for your business and to ensure that you do not end up with more or less coverage than your company needs.

When you are ready to begin your search for the Trucker’s Occupational Accident Insurance that is best for you, get started at any time by requesting a quote on our website, or calling our agency and talking to one of our agents. Our friendly and knowledgeable staff are experienced and equipped to take the stress out of searching for insurance coverage and get you back to the important work of managing your business.

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What You Need To Know About Workers Compensation Insurance

If you are a bit fuzzy about what workers compensation insurance is and whether or not you need it I highly recommend the article below.

Article first appeared in Entrepreneur magazine. To see the full article go here: https://www.entrepreneur.com/article/79594


Almost every business in the United States that has employees has to handle the problem of workers' compensation. Most states (with a few important exceptions) essentially require employers to purchase an insurance policy to handle their statutory obligations to workers who are injured or made ill due to a workplace exposure. Whether your business is small or large, handling the expense and effort of meeting those statutory obligations is an ever-present challenge.

If you are a one man shop or a small business you may not even realize you are required by law to have a worker compensation insurance policy in place. Be sure to always with your specific state guidelines.

Whether working with a small machine shop that employs 30 people or a Fortune 100 corporation that employs thousands across many states, I've found that the details may vary but the concern remains the same: how can the voracious cost of workers' compensation be controlled effectively?
Some researchers have suggested that the earliest roots of workers' compensation can be traced back to the code of Caribbean pirates: those who were injured plying their dangerous trade would be compensated with shares of booty taken by their able-bodied fellow buccaneers. Colorful as that conjecture may be, workers' compensation requirements in the United States began early in the 20th century, back in 1911.

For ages, employers and employees have struggle to find a way to protect both their businesses and employees in the event of an injury.

Today, modern workers' compensation laws provide fairly comprehensive and specific benefits to workers who suffer workplace injury or illness. Benefits include medical expenses, death benefits, lost wages, and vocational rehabilitation. Failure to carry workers' compensation insurance or otherwise meet a state's regulations in this regard can leave an employer exposed not only to paying these benefits out of pocket, but also to paying penalties levied by the states.

Workers' Comp--Who Needs It?
That may be the first important question that a business needs to address, because not every business is required to purchase workers' compensation insurance. Generally speaking, sole proprietors and partnerships aren't required to purchase workers' compensation insurance unless and until they have employees who aren't owners. Most states will allow sole proprietors and partners to cover themselves for workers' compensation if they choose to, but it isn't required. (An important note, though-these rules vary from state to state and can change over time. So it's always a good idea to check with your particular state's regulatory agency to make sure what the rules are for your state jurisdiction.)

While at first workers compensation insurance may seem like an unnecessary expense, after further investigation you'll discover that your business could cease to exist without it.

To learn more about workers compensation be sure to check out the complete article.
Source: https://www.entrepreneur.com/article/79594