What does Owner Operator mean? Read on to discover the definition & meaning of the term Owner Operator - to help you better understand the language used in insurance policies.
An independent motor carrier who leases his or her vehicle, with driver, to another motor carrier, either on a permanent or a short-term basis. The owner-operator, rather than obtaining his or her own operating authority, operates under the authority of the trucking firm to which the vehicle is leased.
We hope the you have a better understanding of the meaning of Owner Operator.