Who usually pays for the primary liability insurance required by FMCSA, motor carrier or owneroperator?
I have been searching in the archives and not been able to come up with a good answer.
Searched the internet and came up with this.
From the OOIDA FAQs
5. Can I get my own primary liability and cargo when I am leased to a motor carrier?
FMCSA requires the motor carrier whose authority you are running under to obtain the Primary Liability and Cargo coverage. However, the motor carrier can charge you for this coverage. You need to review any lease agreements carefully prior to signing them to determine what fees the motor carrier is charging you for
The faq makes the point about reviewing the lease agreement to see what fees the motor carrier charges the owneroperator.
Another thing that caught my eye, was the requirement that the motor carrier obtain the Primary Liability and Cargo coverage, not the owner operator. Seems to me that in the case of van owners, I have seen some posts and actual lease agreements that the van owner would furnisn their own liability and cargo insurance, while naming the motor carrier as additional insured.
Thanks in advance for any help or advice.
jimmy
I have been searching in the archives and not been able to come up with a good answer.
Searched the internet and came up with this.
From the OOIDA FAQs
5. Can I get my own primary liability and cargo when I am leased to a motor carrier?
FMCSA requires the motor carrier whose authority you are running under to obtain the Primary Liability and Cargo coverage. However, the motor carrier can charge you for this coverage. You need to review any lease agreements carefully prior to signing them to determine what fees the motor carrier is charging you for
The faq makes the point about reviewing the lease agreement to see what fees the motor carrier charges the owneroperator.
Another thing that caught my eye, was the requirement that the motor carrier obtain the Primary Liability and Cargo coverage, not the owner operator. Seems to me that in the case of van owners, I have seen some posts and actual lease agreements that the van owner would furnisn their own liability and cargo insurance, while naming the motor carrier as additional insured.
Thanks in advance for any help or advice.
jimmy