Federal Motor Carrier Insurance - Commercial Auto Insurance Guide at DMV.org: The DMV Made Simple
commercial carrier insurance
Federal Motor Carrier Insurance
Page Overview
Interstate or inter-country motor carriers and those carrying hazardous materials must abide by rules set forth by the Federal Motor Carrier Safety Administration (FMCSA). The FMCSA requires higher insurance premiums for these situations to prove financial responsibility.
Ways to Establish Financial Responsibility
To satisfy proof of financial responsibility, you can either:
- Purchase liability insurance.
- Purchase a surety bond.
Insurance Requirements for Carriers of Non-Hazardous Property
$750,000 of liability insurance is required if:
- The truck weighs more than 10,001 pounds.
- Carries of non-hazardous property that travels interstate or between countries.
- ... http://insurance-car.ucoz.com/news/commercial_carrier_insurance/2013-06-26-4080
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