You only need a $750,000 limit to activate and maintain your authority, but we recommend an Auto Liability limit of $1,000,000 due to requirements from the majority of shippers and brokers. Intrastate motor carriers must meet the minimum liability limit within the state your business calls home.
Coverages Under Auto Liability
Uninsured Motorist (UIM)*
Covers damages caused by an uninsured motorist.
Underinsured Motorist (UM)*
Covers costs incurred that surpass the at-fault party’s policy limits.
*Pay up to the stated amount.
Med Pay
Med Pay pays medical expenses for you and any passengers in your vehicle who are injured during an accident or auto-related injury.
- Less comprehensive than PIP
- Pays medical costs quickly, regardless of fault
- MedPay has no deductible or co-pay
- Required in New Hampshire and Maine
Personal Injury Protection (PIP)
PIP insurance pays for an insured’s medical and other injury-related costs, regardless of which driver was at fault. The coverage varies between states but may include: Medical Expenses, Funeral Costs, Lost Income, or Survivors’ Loss. PIP does not compensate you for pain and suffering.
- Required in 15 states
- Deductibles and copays apply
- Non-medical costs like loss of income may be paid
Additional Insured (AI)
- Enjoys the benefits of being insured under an insurance policy
- Can only be listed under a Liability policy
- Usually requested by brokers and lien-holders
- Pricing can range from $0- $750
- The company’s name a physical address is required to process endorsement
- “Blanket Additional Insured” can be added to the policy
