Trucking Company Insurance Requirements Explained
Commercial carriers must carry more liability insurance than ordinary drivers, which affects how much may be recoverable.
Federal Minimums
For-hire carriers of general freight must carry at least $750,000 in liability coverage. Carriers hauling certain hazardous materials must carry more, ranging from $1 million to $5 million.
Policies Often Exceed Minimums
Large carriers frequently hold additional excess or umbrella policies.
Multiple Policies
The driver, carrier, broker or trailer owner may each have separate coverage.
Your Own Coverage
Check your own policy for medical payments and underinsured motorist protection. Compare options in our guide to auto insurance in Florida.
Disclaimer: This article is general information, not legal advice, and does not create an attorney-client relationship. Laws and deadlines vary by state. Consult a licensed attorney about your situation.