Streetsmart insurance Blog
As the owner of a successful trucking business, you rely on experienced drivers to deliver their cargo and satisfy your customers. If one of your drivers is injured while they are in transit, you may be asked to pay for their medical bills and other related expenses.
Unlike traditional staff members, truck drivers are typically hired as independent contractors. Your workers’ compensation insurance policy can protect you from employee lawsuits, but it will not pay for the medical expenses of independent contractors and other non-traditional employees.
If any of your drivers are injured while they are working, occupational accident insurance can cover the cost of their medical expenses and protect your business from third party lawsuits.
How Does Occupational Accident Insurance Work?
Like workers’ compensation insurance, occupational accident insurance provides independent contractors with medical and disability benefits. Occupational accident insurance also offers accidental death and dismemberment benefits to truck drivers who receive life threatening injuries in the course of their work.
Medical Benefits – If one of your drivers is injured while they are in transit, occupational accident insurance will pay for the cost of their medical bills up to the maximum limit of your policy. Most policies include medical transportation, care, and outpatient treatment in their list of covered medical expenses.
Disability Benefits – Occupational accident insurance also pays for disability-related expenses. If one of your drivers is unable to work due to a work related injury, occupational accident insurance will pay disability benefits that can help them recover financially. Occupational accident insurance will also pay for total disability benefits if your driver is unable to return to work.
AD&D Benefits – Occupational accident insurance also provides accidental death and dismemberment benefits to independent contractors. If one of your drivers suffers from a debilitating injury, your occupational accident insurance policy will pay them a lump sum to compensate for their loss. If one of your drivers is killed while they are in transit, your occupational accident insurance policy will pay a lump sum to their designated beneficiary.
Street Smart Insurance is committed to providing affordable coverage. Whether you are looking for your first truck insurance policy or you are shopping for a better price, our agents are ready to help. Call us at 732-462-8343 for a free quote!