In the USA, if you own a trucking company, you are subject to many regulations. The amount of insurance that you are required to carry is one of the most important regulations to follow.

Liability coverage In the USA, if you own a trucking company, you are subject to many regulations. This coverage is mandatory for all commercial trucks. Minimum amounts of primary liability insurance are set by the Federal Motor Carriers Safety Administration – FMSCA. 

• If your truck is over 10,000 pounds GVWR, the minimum is: $750,000
• For those trucks that haul mostly commodities, the required minimum is $750,000 of coverage.
• Most load brokers will require a minimum of $1,000,000.
• Auto haulers need a minimum of $1,000,000 in coverage.
• $5,000,000– for those hauling certain hazardous materials.

What’s Excluded?

Primary liability only covers the damage you might do to other people or property. It doesn’t cover theft, bodily injury, or damage to your truck. Primary Liability is different than General Liability Insurance. General Liability covers you for accidents that might happen off the road. If someone slips and falls at your headquarters you are not covered under Primary liability insurance. It only covers you while you are on the road.

What Else in Included?

Medical bills for anyone they may injure in an accident or funeral expenses for any fatalities that occur during a crash.
• Damages done to the road after a collision is very common. Road repairs after an accident are often included.
• Trucking accidents sometimes involve the spilling of fuels onto the roadway. This can be very destructive to the environment, the road, the air, and people in the area.