The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company is designed for both parties to establish clear terms for transportation services using the contractor's own equipment. Key features include the requirement for the Carrier to provide insurance coverage, detailed invoicing procedures, and liability clauses that hold the Contractor responsible for loss or damage during transport. This form specifies that the Contractor must maintain necessary insurance policies and outlines the relationship as one of independent contracting. Filling out the form involves entering the names, addresses, and specific terms agreed upon by both the Contractor and the Carrier. Editing instructions include ensuring that all provisions relevant to the specific operation are completed accurately, particularly concerning rates and schedules. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear contractual framework for transportation businesses, helps mitigate legal risks, and ensures compliance with federal and state regulations.