owner-driver


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  • noun

Words related to owner-driver

a motorist who owns the car that he/she drives

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References in periodicals archive ?
The Insurance Regulatory and Development Authority of India (Irdai) had raised the minimum insurance cover for owner-driver to Rs 15 lakh for an annual premium of Rs 750.
An Post claimed if the new owner-driver scheme had been opened up to staff aged 60 and over it would have resulted in increased costs.
"I was working 12-hour days, but going for my own mail contracts, acting as a co-ordinator between other owner-drivers and courier companies, was something I wanted to develop.
"Since a general personal accident cover also includes cover against motor accidents, if an owner-driver already has a 24 hour personal accident cover against Death and Permanent Disability (Total and Partial) for CSI of at least Rs 15 lakh, there is no need for a separate CPA cover to be taken," said the notification of Irdai.
In a circular addressed to all general insurers carrying on motor insurance business, the regulator said that effective January 1, 2019, standalone CPA cover for owner-driver may be issued.
Originally, while a few corporations dominated by owning large fleets, independent owner-drivers also comprised a majority of the drivers on the street.
For while immigrants made up a large percentage of drivers in the early days--Irish and Jewish as one might expect--the real drop in owner-drivers has coincided with the sharp increase in Asian, African, and Caribbean drivers in the late 1980s and 1990s.
Each of its 34 owner-drivers - known as "members" had to approve the buy-out.