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Who needs financial responsibility?

RegSenseFederal Motor Carrier Safety Administration (FMCSA), DOTBest ResultsFAQFocus AreaBusiness planning - Motor CarrierFleet OperationsEnglishTransportationInsurance and risk management - Motor CarrierUSA

Financial responsibility and the minimum levels outlined in 387.9 (property carriers), 387.303, or 387.33 (passenger carriers) are based on four factors:

  • Are you a private or for-hire carrier?
  • What kind of commodity do you haul?
  • Where do you operate (interstate or intrastate)?
  • What is the GVWR of your vehicle?

A combination of these factors determines whether a carrier must have financial responsibility, and the amount of coverage required.

['Business planning - Motor Carrier']
['Insurance and risk management - Motor Carrier']
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