How Much Insurance Do Truckers Need to Carry?

How Much Insurance Do Truckers Need to Carry?

If you’ve been hurt in a Mississippi truck accident, you’ll need to open a claim through the company’s insurance policy. However, you might not be familiar with the unique aspects of a trucker’s insurance plan. Though similar, commercial truck insurance is distinctly different from standard auto insurance, as it covers the much wider variety of financial liabilities and risks that a trucker may come across. Minimum levels and types of insurance will vary from trucker to trucker based on cargo and the truck in question, but all truckers are required to carry extensive insurance of some variety.

Liability Insurance Minimums

Liability insurance is the most basic type of insurance that all truckers need, protecting others from damages caused by at-fault truckers and the truck company. This is referred to as a “primary liability” insurance plan, though truck companies will also carry “general liability” coverage for damages that are unrelated to the truck itself, such as depot fires. The FMCSA’s trucking insurance minimums stipulate that truckers must carry at least:

How Much Insurance Do Truckers Need to Carry?

  • $300,000 of liability insurance for small truck drivers (<10,000 lbs. when loaded) transporting harmless freight.
  • $750,000 of liability insurance for other truck drivers carrying harmless freight, which is what most truckers are categorized as.
  • $1,000,000 of liability insurance for tanker trucks transporting oil or similarly toxic, flammable, and dangerous cargo.
  • $1,500,000 to $5,000,000 of liability insurance for passenger vehicles, based on whether they seat more than 15.
  • $5,000,000 for hazmat transporters dealing with especially dangerous or explosive cargo.

All of these liability coverage minimums are directly concerned with compensating you for any and all damages you sustain, including hospital bills, auto repair costs, and compensation for suffering or death. Furthermore, these insurance minimums supersede any and all terms put forth in an insurer’s policy, meaning that they can’t arbitrarily deny you compensation based on the particulars of your accident. Trucking companies may also carry more specialized types of insurance to cover cargo loss, personal property damage, or collisions with uninsured drivers, but these will usually be less relevant to you as a victim in another vehicle.

Securing Mississippi Truck Accident Compensation

Although trucking companies invariably have extensive amounts of insurance, that doesn’t necessarily mean they’re willing to admit liability and compensate you appropriately. Even if the company is clearly to blame, they may still be able to use Mississippi’s pure comparative fault system to minimize your claim by distributing partial fault to you. A lawyer can help you demonstrate that the trucker was to blame through a thorough investigation, forcing the company to pay you appropriately.

If you’ve been hurt in a truck crash, Germany Law Firm PLLC can help you secure the compensation you deserve. Call us today at (601) 401-6884 to schedule a free consultation with one of our Mississippi auto accident attorneys, and we’ll simplify the claims process for you, answering any questions you may have in the process. A legal professional can handle correspondence with insurance adjusters on your behalf, simultaneously giving you time to focus on other things while helping you avoid potentially ruthless tactics that insurance adjusters may employ to minimize your compensation.