The Liability Requirements for Truck Insurance Coverage

Commercial truck drivers are required by federal and state law to have specific amounts of environmental restoration, property damage, and bodily injury limits for their liability Truck Insurance coverage. The form of work the driver is performing will determine the amount and type of coverage that is needed.
Public liability limits are divided into two basic groups. The most common group is for vehicles weighing over 10,001 pounds requiring a coverage amount of $750,000. For vehicles with weights under 10,000 pounds the required limit is $300,000.
If the cargo being transported is a hazardous material then the public liability limit will increase to $1,000,000. If gasoline or some other liquid hazardous material is the cargo then the driver is required to have $5,000,000 of coverage.
The base state through which the driver is operating will have specific limits of insurance coverage required. Part of these requirements will be based upon whether or not the cargo is going to be transported across state lines or solely instate.
In addition to the public liability coverage, $5,000 of cargo insurance is also required. However, most customers sending their merchandise for transport will request that the driver has at least $100,000 cargo coverage to insure their investment during transport.
A truck insurance policy should only be purchased through a stable insurance provider. Drivers do not want to have any concern that if the need arises to file a claim that the provider will be financially unable to take care of the resulting expenses.
Utilizing an insurance agent that specializes in the trucking industry is the best way to make certain that the proper amount of coverage is purchased. Driving such large trucks bring huge risks when being involved in an accident, so obtaining adequate insurance is vital.