The health and safety of your employees are essential to the success of your business. Occupational Accident (Occ/Acc) coverage provides medical, disability, death, and dismemberment compensation for on-the-job injuries. Known as an alternative to a state’s workers’ compensation statute.
- An occ/acc insurance policy provides the employer with the means to finance the majority or entirety of this obligation at a lesser cost than a workers’ compensation insurance policy.
- Truck drivers’ occupational insurance can compensate missed pay while an employee is recovering from an injury.
- This coverage is ideal for individuals who wish to conserve money and safeguard workers on the working site.
Contact our Occ/Acc insurance professionals to learn more about your state’s rules and how our policies fit your needs.
What is the OCC/ACC acronym?
Commercial Transportation & Trucking Insurance: Occupational Accident Coverage (OCC/ACC) Occupational Accident Insurance is a form of contingent liability insurance that protects owner-operators who are leased to motor carriers. The coverage may be obtained by either the owner-operator or the motor carrier, but it serves as a protection for a fleet and independent contract if the owner-operator seeks coverage under the motor carrier’s insurance.
Commercial Transportation & Trucking Insurance: Occupational Accident Coverage (OCC/ACC) Occupational Accident Insurance is a form of contingent liability insurance that protects owner-operators who are leased to motor carriers. The coverage may be obtained by either the owner-operator or the motor carrier, but it serves as a protection for a fleet and independent contract if the owner-operator seeks coverage under the motor carrier’s insurance.
How do OCC/ACC and workers’ compensation vary for truck drivers?
What is the distinction between Occupational Accident and Workers’ Compensation for truck drivers? Occupational Accident Insurance and Workers’ Compensation serve a similar function (i.e., to compensate workers injured on the job), but they differ in significant ways.
Ensure that your business has enough coverage and limitations. In a word, Workers Compensation offers coverage for your truck drivers in the event of accidents and injuries. Occupational Accident Insurance offers independent contractors with comparable coverage. Owner-operators who are leased to a Motor Carrier are not considered workers, but rather independent contractors; hence, Occupational Accident coverage is frequently selected.
Which sort of coverage best fits your needs? Your success as a motor carrier relies on your personnel. If your drivers are W2 employees, then workers’ compensation is required. If they are leased to you and you pay the lessor via Form 1099, Occ/Acc.
| Truckers Occupational Accident Insurance | Workers Compensation Insurance |
| Covers independent contractors | Covers employees, like company drivers and warehouse workers |
| Not required by law | Required by law in most states |
| Less expensive | More expensive |
| Limits, deductibles, and payout amounts decided by motor carrier’s occ/acc policy | Benefits are usually statutory and fixed by law |