As a truck driver or owner of a transportation company, it's important to consider the financial impact of accidents or injuries on the job. Workers' Compensation and Occupational Accident (Occ/Acc) insurance can provide peace of mind for those behind the wheel. But which one is the right fit for you?

When it comes to Workers' Compensation, it is important to note that many states require transportation companies to carry this coverage for their full-time drivers. This insurance can provide medical benefits and lost wages in the event of an on-the-job accident, and also protects the company from employee lawsuits. However, it is important to note that Workers' Compensation is highly regulated and payouts vary by state, industry, and earnings.

On the other hand, Occupational Accident insurance is a good option for independent contractors who do not have a full-time employer. This insurance can help pay for medical expenses and other costs in the event of an on-the-job accident. However, it is important to note that Occupational Accident insurance is not legally required and payouts can vary by policy.

For transportation companies that employ independent contractors, offering Occupational Accident insurance as a perk can help attract and retain top talent. The Advisor's Team can assist in finding the right Workers' Compensation or Occupational Accident insurance plan for your specific needs. With the right coverage in place, you can focus on the road ahead with peace of mind.

This Article was Written by  Stewart Hudspeth, Commercial Lines Insurance Advisor at Advisors Insurance Agency