Insurance Requirements Costs Coverages Deductibles
Worker’s Compensation Requirement - coverage for all employees and all owner/operators for all duties performed in the operation of an agency and as an agent for Atlas.
Worker’s Compensation & Employers Liability Coverage Requirements –Worker’s Compensation - Statutory Limit – Employers Liability - $500,000 – Insurance Company - B+ or higher by AM Best
Worker’s Compensation Cost Company Drivers –1/3 of Hauling Revenue Revenue by $100 X Modified State Rate
Worker’s Compensation Cost Owner/Operators –$350/Month for Interstate –$30/Month more to add Intrastate and Local
Primary Liability Requirements –Certificate of Insurance –One Million Dollars Coverage –Insurance Company B+ or Higher by AM Best
Primary Liability Coverage Requirements –Auto Liability Must include owned, non-owned, and hired vehicles plus non-trucking liability. –Comprehensive General Liability Must include contingent, contracts, products, completed operations and personal injury. –For Property Damage and Bodily Injury resulting from accidents
Primary Liability $ charge back for at fault accidents with property damage and/or bodily injury. $ charge back for property damage from a non-collision accident.
Primary Liability Costs Non-certified new agents –$4.34/$100 of distributable linehaul revenue Participating Agents –Range from $2.44 to $5.57/$100 of distributable linehaul revenue
Excess Liability Requirement –Additional 19 million coverage Coverage Requirements –Same as Primary Liability
Non-Trucking Liability Requirement –One Million coverage on all power units leased to Atlas Coverage and Deductible –Same as Primary Liability Cost –Included with Atlas Primary Liability coverage –$250/unit with other Primary Liability coverage
Physical Damage Requirement –None Coverage –Collision/overturn –Combined additional coverage –Towing Actual Cash Value Factory Installed items only
Physical Damage Deductibles –Collision/$500 –Combined additional coverage/$250 –Total loss theft or fire damage/none Cost –Based on year and actual cash value of unit