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Copyright 2023 J. J. Keller & Associate, Inc. For re-use options please contact copyright@jjkeller.com or call 800-558-5011.
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A common (for-hire) carrier must obtain cargo insurance. This security is required to compensate a shipper or consignee for loss damage to their property.
The carrier must obtain the following levels of insurance:
- $5,000 for loss of or damage to property carried on any one motor vehicle; and
- $10,000 for loss of or damage to or aggregate of losses or damages of or to property occurring at any one time and place.
Please refer to 387.303(c).
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['Transportation Security', 'Business planning - Motor Carrier']
['Cargo security', 'Insurance and risk management - Motor Carrier', 'Cargo liability']
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