You might already have commercial truck insurance if you are an owner-operator, but you might not have any policies in place that are designed to protect you as an individual. There are policies that are perfect for truck drivers like you, and these policies are definitely worth your consideration. One example of an insurance policy type that you should look into is occupational accident insurance. Many people who own or lease and operate their own trucks have this coverage, and an occupational accident insurance plan might be something that you will want to purchase for yourself and your business for these reasons.

It's Available for Individual Owner-Operators

When shopping for workers compensation insurance and other similar insurance policies that would be put in place so that you could protect yourself, you might have noticed that there are company size limits. In some cases, insurance companies only offer these options for companies that have more than a certain number of employees. Since you might be your one and only employee, you might not qualify for many of these policies. However, occupational accident insurance is often available for smaller businesses like yours.

It May Be More Affordable

Even if you are able to find a workers compensation insurance option that will work for you as an owner-operator, you might find that the coverage will actually be pretty expensive. You may find that it will be more affordable for you to purchase occupational accident insurance. Since running your own trucking business can be incredibly expensive and since you might already spend a lot on things like commercial truck insurance, there is certainly nothing wrong with looking for an insurance option that will cover you and help you stick within an affordable budget.

It Can Provide You With Coverage That You Might Really Need

One of the things that you might not like about being an owner-operator instead of working for a trucking company is the fact that you aren't covered with the insurance coverage that employees typically have. This means that if you are injured while on the job and are therefore unable to work, you could be seriously financially impacted since you won't have workers compensation coverage or other coverage to help you out. If you invest in occupational accident insurance that will cover you if you're hurt in a truck accident or another job-related incident, then you can feel good in knowing that you are covered, and you will probably find that the coverage will really help you later on if you do happen to get hurt on the job.