All Posts tagged Risks

The Ins and Outs of Insurance for Trucking Companies

The Ins and Outs of Insurance for Trucking Companies

Operating a trucking company can put you in an interesting position when it comes to insurance. While all industries offer unique insurance challenges, the transportation field comes with a ton of risks and variables. Every single time a driver gets behind the wheel of a company truck, there is the potential for an accident. To cover all potential risks, you want to focus on taking out a plan that will keep your workers safe and help you protect your vehicles and other company assets.

Occupational Accident Insurance Basics

It is always best to consider the specifics when providing insurance for your drivers. When you have a strong idea of what occupational accident insurance for trucking companies is, for example, it can provide you with a much easier experience overall. Occupational coverage typically includes an array of commonplace risks associated with the transportation industry. What’s more, it can also be used as a way of providing workers’ compensation coverage in some states. Be sure to check over local regulations to know what applies to your state. Additional areas to focus on include:

  • Coverage for independent contractors
  • Weather and road hazards
  • Proper coverage for the vehicle itself

Research All Your Options

There are several ways to go about providing your drivers with ample coverage while they’re on the road. Review the basics and get a better feel for all the options available to you.

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Can Subcontractors Drive Company Vehicles?

Can Subcontractors Drive Company Vehicles?

Can subcontractors drive company vehicles? The short answer is yes. As with all questions related to business relationships, however, the complete answer is that it depends on the circumstances and risks involved.

Circumstances

Subcontractors usually supply their own tools, rather than relying on a client to provide them. Allowing a subcontractor to drive a company vehicle blurs the line between employee and contractor, and can lead to the breakdown of a good working relationship. Situations do sometimes arise in which it is simply more convenient or cost-effective for both parties if the contractor uses a company vehicle. In these cases, the decision whether to allow it is up to you

Risks

Unless specifically named on your policy, a subcontractor is not covered by your auto insurance. Therefore, it is a good idea to ask for proof of insurance before allowing one to drive. You also should consider purchasing professional indemnity insurance, sometimes called comprehensive independent contractor liability insurance. This type of policy will protect you in case a contractor is involved in an accident that results in a lawsuit.

It is perfectly legal for a subcontractor to drive a company vehicle, and sometimes it just makes sense to do so. If you decide to allow this practice, always ask for proof of insurance, and be sure your own policies are up to date.

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