In order to obtain your operating authorization and MC number, you only need proof of the professional liability insurance explained above. In practice, however, you will need other coverages. Federal insurance levels were established in 1980, so they have not changed in 41 years. These limits are often totally inadequate given the serious injuries and fatalities that regularly occur in dangerous truck accidents. The limit values for Georgia are even lower and much less sufficient. In addition, the rate of truck accidents and fatalities has more than doubled over the past decade. Efforts are being made to increase the minimum amounts of federal insurance, which would better compensate accident victims and provide an incentive for businesses to work safely. To keep an eye on insurance requirements, it`s best to contact your agent as soon as possible and request the appropriate forms so you can get started. During this process, you will be asked to provide the full address of the company, and if you do not provide all the details, your application will most likely be rejected. It should also be noted that federal law also stipulates that liability insurance must be taken out within two weeks of filing an MC number. You will reject your application if you do not purchase this insurance, and the whole process must begin again.

Otherwise, the insurance requirements for USDOT are quite simple and a small organization should help you get both the insurance number and USDOT within a few months. How does the insurance company treat damage caused by an accident to the 18 wheels? Liability insurance is an important coverage for intergovernmental truck drivers because it protects them and the public from accidents for which the truck driver is responsible. The personal injury liability insurance portion pays hospital bills for pedestrians or other motorists injured in accidents. Property damage, on the other hand, pays for repairs to the property of other people who have been damaged in an accident. To activate your power, you must have the appropriate insurance and THE BOC-3 filed with the FMCSA within 90 days of receiving your MC number. Once the correct insurance and BOC-3 are filed with the FMCSA, it will take 4-5 weeks for your authorization to be activated. The best way to get insurance for your new business is to compare several commercial insurance companies at once. Our tool puts you in touch with three agents at once who are competing to give you the best price for all the coverage your business needs.

If you have any further questions, agents can give you specific advice for your business. Please note that registrant accounts are only available to insurers, NOT to insurance agents. Road transport companies that transport household goods (e.g. B moving companies) must also purchase freight insurance of at least $5,000 per vehicle and $10,000 per event. In addition to submitting an application for an operating licence, all applicants for a road transport, freight forwarder and brokerage authorisation must have specific insurance and legal protection documents before the FMCSA issues the authorities. The submissions required vary depending on the type of registration. Below is a list of pre-registration forms, followed by an explanation of the types of registrants who must submit these forms. If you are an owner-operator with primary auto liability insurance, you do not need to purchase Bobtail insurance. On the other hand, if you are rented from a car carrier and are running under their supervision, you may need bobtail insurance.

Your rental agreement will specify which coverages you are responsible for exactly. Motor carriers must prove that they have taken out the minimum amounts of insurance provided for by law. In accordance with sections 29 and 30 of the Motor Carriers Act, 1980 (MCA), this evidence may be provided by an MCS-90 endorsement or an engine carrier bond for civil liability. 49 CFR §§ 387.7 (d) (2), 387.15. The amount of liability insurance required by a motor carrier depends on the goods it is transporting. This table describes the details in detail. The owner of a CMV can also rent a CMV to a carrier without simultaneously renting the owner of the CMV or another person as a driver. 49 CFR § 376.2. Such a lease generally provides that the carrier has exclusive possession, control and use of the CMV during the term of the lease and assumes full responsibility for the operation of the CMV during the term of the lease. 49 CFR § 376.12. Not so fast! Federal and state laws require commercial vehicles to meet certain minimum insurance limits based on many factors, but the limits are probably not as high as you think. .