Occupational Accident Insurance
Independent truck drivers are business owners that work as contractors for different companies. They may work for multiple carriers or may dedicate their service to just one carrier on a contractual basis. Since they are not actual employees of the carrier, they do not have the same protections as an employee if they are injured while working.
Occupational Accident Insurance vs. Worker’s Compensation
Worker’s compensation is an insurance product that employers must carry to protect their employees. These policies are designed to cover medical expenses rehabilitation, and cover a percentage of lost wages if an employee is injured on the job. All businesses with at least three full-time employees must carry this type of coverage.
Independent drivers, like any other contracted employee, do not have this protection. If they are injured on the job, they are responsible for their medical care and must suffer from the loss of wages and other expenses.
To prevent this type of loss, occupational accident insurance is available. When you have an occupational accident insurance policy, your policy will cover your medical care and losses up to the terms of the policy.
Cost Of Occupational Accident Insurance
Since these policies only cover one person and they have some limits on them for deductibles and policy amounts, they are very affordable. In fact, this is one of the most popular types of insurance policies purchased by truckers because of the protection they provide.
Occupational accident insurance policies have different limits and different payouts for disability. It is important that you understand all of these limits when you are purchasing the policy. Your insurance agent can explain all of the different terms and policy types so that you purchase the right policy for your needs.
Is Occupational Accident Insurance Mandatory Like Worker’s Comp?
No. Independent contractors are not required to have occupational accident insurance to perform their job duties. There are no laws requiring any type of protective insurance for these workers. However, if you are working full-time as an independent contractor, as most truckers do, you need to protect yourself and your income.
Accidents can happen at any time. As business people that spend most of their time on the road, they see how easy it is for accidents to occur, especially in times of nasty weather, traffic jams, or late at night. Protecting themselves from these events is something that every truck driver should do.
Occupational accident policies are very affordable and are available at different monetary limits and with different benefits. This is the easiest way to protect your income and to cover large medical bills if you are injured on the job.
For More Information Contact VMC Trucking Insurance
If you have any questions about occupational accident insurance or wish to purchase a policy, you are encouraged to contact VMC Trucking Insurance. Our company is dedicated to providing the best insurance products to the trucking industry at affordable rates. Speak with one of our reps today to find out how we can help you get the right occupational accident insurance policy in place.
VMC Trucking Insurance is an Illinois business providing different insurance products to the trucking industry. They currently write policies in Illinois and in the following states: AL, AZ, CA, CO, DE, FL, GA, IA, IN, LA, MD, MN, MT, NC, NV, NJ, OH, OK, OR, PA, SC, TX, VA, VT, WA, and WI. VMC Trucking Insurance has been actively selling policies for over five years and currently works with over carriers. Speak with one of our reps today to see how we can help you.