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As any motor carrier knows, America runs on trucks. Motor carriers play a vital role in keeping the factories and offices supplied and the store shelves stocked. But these motor carriers also are aware of the intrinsic risks associated with constantly being on the road. Occupational accident coverage is crucial in the trucking industry, which depends heavily on owner-operators who own their own rigs and lease their services to motor carriers. According to the Bureau of Transportation Statistics, trucks carry three-quarters of the value of freight shipped around the US, and for-hire trucks transport nearly 45% of the total. Occupational accident coverage is a critical component of a motor carriers insurance needs. It protects the drivers and their families from the medical costs of accid...
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The poor economy is affecting the market particularly when it comes to residential contracting, according to Tim Cappellett, VP-sales & marketing at Oryx Insurance Brokerage. However, with President Obama's interest in rebuilding the economy by rebuilding the country's infrastructure of roads and highways, there is emerging optimism that the coming year could lead to a significant growth of all lines of insurance that make up the contracting marketplace. There are alternatives to traditional coverage that may help businesses control costs. According to Lorna Greenwood, program manager at US Risk Underwriters, some general contractors opt for Occupational Accident and Contingent Liability coverage in lieu of coverage because it offers customizab...
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... contractor to provide verification of coverage under a qualified accident or workers' compensatio... for Landstar, contains coverage for "occupational accident benefits" and "nonoccupational accident b...
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Pursuant to R.C. 4123.01(C)(1), to be compensable under the workers compensation system, a claimants psychiatric injury must have arisen from an injury or occupational disease suffered by that claimant; trial court did not abuse its discretion in denying coverage for a post-traumatic stress disorder condition that arose from having witnessed physical injuries a third party suffered in an industrial accident. Affirmed. (Fain, J., dissenting).
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... be kept so as to show the amount of coverage for each class of insurance carried, the property ... for employees as the result of occupational injuries or resulting from claims of others. 6. Co...(See Note A.). 8. Cost of safety, accident prevention, and similar educational activities. No...
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Insurance
Merriam v. National Union Fire Insurance Company of Pittsburgh (Case No. 08-3547 - 11 pages) (U.S. Court of Appeals, 8th Circuit, Murphy, J.)
Contractor Protection Plan - Occupational Accident Benefits - Bad Faith. (1)Where a truck drriver sought coverage for an alleged occupational accident under a Contr...
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... they received workers' compensation coverage through Central Transport's employee group insuran... have the option of obtaining occupation accident insurance, a lower-quality policy that covers fewe... a workers' compensation policy or an occupational accident policy from an independant insurance carr...
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..., trailer, and cargo, and provides occupational accident coverage for truckers like Dianne and Ron...
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The trucking market has obstacles coming from all sides. The cost of fuel is skyrocketing, and some independent drivers have chosen to park their rigs because they cannot afford to run with such high overhead. This is coupled with a number of other factors to produce a driver shortage that has risen to an all-time high. Consequently, in order to be successful insuring trucking companies and owner operators, underwriters must pay close attention to driving records, hiring practices, and driver training. Underwriters should really concentrate on the income statement and cash flow to make sure the trucking company is healthy enough to properly maintain equipment and make payroll. Michael Oliver, SVP at BISYS Specialty Programs, says there have been few new insurance carrier entrants in the...
... experience are direct determinants of accident risk. For accidents between trucks and private pas... some pressure on rates for those coverages.". Joe Hutelmyer of Seaboard Underwriters points o..., cargo, GL, non-trucking liability, occupational accident coverage, physical damage, UM/UIM, PIP, a...
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... . Before 1972, coverage under the Longshoremen's and Harbor Workers' Compe... suffer an "injury" defined by 2(2) as "accidental injury or death arising out of and in the course o... the course of employment, and such occupational disease or infection as arises naturally out of su...