Transportation Insurance

Truck Insurance Rates are probably the last thing on the FMCSA' mind

Truck Insurance Rates and FMCSA

Truck insurance rates are probably the last thing on the FMCSA’s mind when they institute new safety programs, but FMCSA regulations can have a large indirect effect on the industry.

Commercial trucking is highly regulated for good reason.  Over 45,000 deaths occur each year in motor vehicle related accidents and it is estimated that up to 9 percent of those accidents involve commercial trucks.

It is therefore the responsibility of several government and private agencies to make sure that roads and highways are safe for all drivers, including truck drivers.  The United States Department of Transportation has established several of these agencies, such as the Federal Motor Carrier Safety Administration, or FMCSA. (more…)

These tips coming from the US Department of Transportation.
Reference:   Part 387 Minimum levels of financial responsibility for motor carriers
Overview: The training module is designed to educate the executive staff of motor carrier companies on the FMCSA regulation on the minimum levels of necessary financial responsibility
Purpose:  The purpose of these regulations is to create incentives for motor carriers to maintain and operate their vehicles in a safe manner and to maintain an appropriate level of financial responsibility.
Applicability:

Motor carriers operating motor vehicles transporting hazardous materials, hazardous substances or hazardous wastes. For-hire motor carriers operating motor vehicles transporting property in interstate or foreign commerce. For-Hire motor carriers transporting passengers in interstate or foreign commerce. Private motor carriers domiciled in Mexico transporting property in interstate or foreign commerce. (more…)

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