The Truck Owner Operator Contract Sample with Insurance in Philadelphia serves as a binding agreement between a truck driver (Contractor) and a common carrier company (Carrier). This contract outlines the responsibilities of both parties, stipulating the Contractor's duty to transport goods using their equipment while mandating the Carrier to provide essential insurance coverage that includes liability and cargo insurance. Key features of the contract include strict invoicing procedures, liability for property damage, and requirements for documentation like bills of lading and proof of delivery. The form emphasizes maintaining specific insurance limits and establishing a clear partnership dynamic as independent contractors. Additionally, it details how disputes will be governed by state law and incorporates clauses regarding non-solicitation and operational compliance. For legal professionals such as attorneys, partners, and paralegals, this form is crucial in ensuring legal compliance for transportation agreements and serves as a reliable template for negotiations between independent contractors and carriers in the trucking industry.