State and federal laws require trucking companies based in the Kewanee, IL, area to carry liability insurance. The amount of insurance you need to cover your fleet depends on where your rigs travel and what type of cargo you transport. 1 Truck Insurance Services LLC is your trusted source for getting accurate insurance coverage for your trucking operation.
Requirements for Travel Within Illinois
Minimum requirements for hauling goods intrastate are less than for interstate companies. State minimum liability requirements for trucking companies depend on the type of goods, as follows:
- Household goods – $300,000
- General freight – $750,000
- Oil transport – $1,000,000
- Hazardous materials – $5,000,000
As with auto insurance policies, consider increasing minimum coverage based on the number of trucks you have, the weight of your trucks, the driving history of your truckers, and travel distance. Seek truck insurance if you operate pickups, tow, box, logging, dump, semi-tractor trailers, or cement mixers.
Requirements for Interstate Travel
Interstate trucking liability can become complicated as some states have different requirements, so insurers usually issue an overall policy to cover travel. The Federal Motor Carrier Safety Administration (FCMSA) requires the following minimums:
- $300,000 for vehicles weighing 10,000 pounds or less carrying non-hazardous freight
- $750,000 for vehicles over 10,000 pounds with nonhazardous freight
- $1,000,000 for oil transport
- $5,000,000 for vehicles carrying other hazardous materials
Some shippers may also require at least $1,000,000 in liability regardless of the type of materials handled.
Getting the Right Trucking Insurance
You may also need proof of liability and cargo insurance for interstate travel. Some companies may need additional coverage for cargo or physical damage to their rigs. Let 1 Truck Insurance Services LLC, serving Kewanee, IL and surrounding communities, recommend adequate coverage for your trucking operation. Contact our office today to get started.
