Occupational Accident Insurance is an alternative to Workers’ Compensation. It is designed for those wanting employee injury coverage, but not able to afford Workers’ Compensation or those who hire owner operators or independent contractors.
This coverage is available to both fleets and independent truckers. It offers coverage for medical insurance, life insurance, and disability insurance for injuries sustained on the job.
The Occupational Accident policy provides coverage for claims up to a specified limit and may help provide coverage for owner-operators or other drivers who qualify as independent contractors and are not always considered “employees” for Workers’ Compensation.
Occupational Accident insurance cannot be considered as a complete replacement for Workers’ Compensation coverage. However, since Occupational Accident coverage has specified limits, deductibles, and coverage options it can be less expensive than traditional Workers’ Compensation coverage.
In Texas, Occupational Accident insurance will typically satisfy contractual “Employer’s Liability” requirements for many of the clients you contract with.