COMMERCIAL - BusinessDetails

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INDIVIDUAL - A business that legally has no separate existence from its owner. Income and losses are taxed on the individual's personal income tax return. The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity.

PARTNERSHIP - A legal form of business operation between two or more individuals who share management and profits. The federal government recognizes several types of partnerships.

CORPORATION - A type of business structure and legal entity that is declared separate from its owners and shareholders. Corporations enjoy similar rights to a person, such as entering into contracts, owning assets, loaning money and hiring. It has these capabilities without the risk of being personally liable for business debts or legal obligations (in most cases).

USDOT ?

A company will likely have a USDOT Number if any of the following apply:

1. The business requires federal operating authority
2. The business has vehicles exceeding 10,000 lbs. GVW and is involved in interstate commerce
3. The business has vehicles designed to transport more than 8 passengers and is involved in interstate commerce

USDOT Number

Waivers of subrogation? ?

Waiver of subrogation

A Waiver of Subrogation is an endorsement that prohibits an insurance carrier from recovering the money they paid on a claim from a negligent third party. An Owner Client may require this endorsement from their vendors to avoid being held liable for claims that occur on their jobsite.

Yes No

Additional Insured? ?

Additional Insured

An Additional insured is a person or organization that enjoys the benefits of beinginsured under an insurance policy, in addition to whoever originally purchased the insurance policy.

Yes No

Cargo Coverage? ?

Cargo Insurance

Cargo insurance (Cargo) provides insurance on the freight or commodity hauled by a For-hire trucker. It covers your liability for cargo that is lost or damaged due to causes such as fire, collision, or striking of a load.

Yes No

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