Owner-operator

Term · Insurance and risk management · MLC-T-INS-002468

An individual who owns their own business and also actively works in it, particularly common in the trucking industry. These self-employed individuals must secure their own insurance coverage, which includes commercial auto liability, physical damage, and cargo insurance. This contrasts with a company driver, whose vehicle and liability are covered under the employer's fleet policy.

Table 1. Record
Identifier	MLC-T-INS-002468
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002468",
  "term": "Owner-operator",
  "field": "Insurance and risk management",
  "definition": "An individual who owns their own business and also actively works in it, particularly common in the trucking industry. These self-employed individuals must secure their own insurance coverage, which includes commercial auto liability, physical damage, and cargo insurance. This contrasts with a company driver, whose vehicle and liability are covered under the employer's fleet policy.",
  "url": "https://mlchart.com/terminology/insurance/owner-operator/"
}

Record 2,449 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.