Truckers' Occupational Accident Coverage
Insurance For The Independent Contractors
Owner-operators or independent contractors may not typically be covered by state workers compensation laws. For this type of operator, it is financially crippling to be disabled as lost mileage means lost revenue. The Occupational Accident product is a blend of accident, health, and casualty coverage and can be a useful driver retention tool. It offers protection for an injury sustained while performing the obligations as a truck driver 24-hours-a-day, anywhere they drive, while under dispatch.
Accidental Death & Dismemberment And Accident Paralysis financially help the driver’s family after a devastating accident or death (maximum $500,000). Lump sum or periodic payment options may be available.
Excess Accident Medical Expense Benefits pay reasonable medical expenses incurred due to a covered injury, such as treatment by a physician, employment of a nurse, hospital confinements, x-ray costs, or use of an ambulance that tare not covered by another insurance group plan, Medicare or Medicaid.
Accident Disability benefits pay a monthly percentage of designated income to help replace lost revenues. Accident benefits may be offset by social security disability payments.
The description of coverage is general and intended only to summarize the type of insurance, and not the terms and conditions of the insurance. For details of the actual terms and conditions of coverage, please refer to the actual policies.
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