Agreement Owner Operator Form With Insurance Company In Illinois
State:
Multi-State
Control #:
US-00434BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement Owner Operator form with insurance company in Illinois is designed for independent contractors who provide transportation services to common carriers. This formal agreement outlines the responsibilities of both the Contractor and the Carrier, including essential aspects such as insurance requirements, liability coverage, invoicing, and conditions of service. Key features include mandatory truck liability insurance of at least $1,000,000 and cargo insurance of at least $250,000, with a detailed list of necessary documentation for payments. The form highlights the independent contractor status of the Contractor while allowing the Carrier to act as an agent for invoicing. This agreement also includes provisions for liability, claims settlement, and sets expectations for communication in case of delays. Filling this form correctly is crucial as it safeguards legal interests and outlines payment protocols. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form essential for establishing clear operational guidelines and minimizing legal disputes in the transportation sector.
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