Specific amounts of public liability limits for bodily injury, property damage, and environmental restorations are required by Federal and State law to be carried on a transportation company’s trucking insurance policy. The amount that they are required to carry will depend on their business operations.
The FMCSA requires trucks that are under 10,000 pounds GVW to carry at least $300,000 of public liability coverage. The most common amount is for trucks weighing more than 10,000 GVW with public liability coverage of $750,000. Hazardous materials being transported cause the liability coverage to increase to $1,000,000.
$5,000 of cargo insurance is also required. However, many companies that will have you transport their goods have their own requirement of at least $100,000 of cargo insurance.
