Primary Liability Commercial Truck Insurance
Primary Liability Insurance Truck Insurance Requirements
- What Primary Liability does not cover: Theft is not covered. Nor is your bodily injury or damage to your truck. If a slip and fall accident occurs at your place of business will be covered by a truckers general liability policy and not your primary liability insurance policy.
- What does Primary Liability Insurance cover: Primary insurance is required to be in place to protect the public. Primary Insurance will be your main truck insurance coverage. This coverage will cover and pay for damage which result bodily injury and property damage to others cause by your truck while it is on the road.
The minimum amount of primary liability is set by the FMSCA.
Gross Vehicle Weight Rating of 10,000+ pounds:
- $750,000– Most trucks hauling most commodities are required to have a minimum of $750,000 of coverage. Many load brokers will require a minimum of $1,000,000.
- $1,000,000– Auto haulers need a minimum of $1,000,000 in coverage. One million in coverage is becoming an industry standard across other hauled commodities too.
- $5,000,000– If you are hauling certain hazardous materials, you’ll need a minimum of $5,000,000 in coverage.
Gross Vehicle Weight Rating of less than 10,000 pounds:
- $300,000 (BI & PD) for general commodities except any materials listed below.
- $5 Million (BI & PD) for any quantity of Class A or B explosives, for any quantity of Poison Gas (Poison A) or highway route-controlled quantity of radioactive materials.