The said insurance covers bodily injury, property damage, and environmental restoration. Trucking companies that cater to passengers are covered by as much as $5 million; $1.5 million for those that seat 15 or less passengers. Freight companies are insured from $750,000 to $5 million, depending on the cargo they are transporting.
Aside from the BMC-91 or BMC-91X form and a US Dot Number, motor carriers and freight forwarded should apply for BMC-34, otherwise known as cargo insurance. Cargo insurance covers $5,000 per vehicle for motor carriers and $10,000 per occurrence. Freight brokers, on the other hand, can either file a BMC-84 or BMC-85, known as surety bond and private trust agreement respectively, both of which can cover a trucking company for as much as $10,000.
All Motor Carriers, Brokers, Freight Forwarders must also file a Unified Carrier Registration (UCR). Hazardous Materials Carriers must file and maintain a Hazardous Materials Registration Statement.
Other documents required by the FMCSA for trucking authority and legitimization of transport and trucking operations include an excellent line of arbitration and safety audits from the FMCSA’s official auditors for new trucking firms that will be conducted within the firm’s first 18 months of operations, which includes the following:
• Driver Qualifications; • Driver Duty Status; • Vehicle Maintenance; • Accident Register; and • Controlled Substances and Alcohol use and testing requirements.
Non-compliance of the registration requirements and other regulations of the FMCSA may lead to the cancellation of a trucking company’s registration for trucking authority and legitimization. In some instances, FMCSA deems a non-adhering trucking company as ‘inactive’ or ‘out of service.’
Trucking companies whose status are marked as ‘inactive’ or ‘out of service’ and continue to maintain operations are violating federal regulations. Aside from legal detention, company owners and truck drivers who go beyond the premise of FMCSA’s regulations are also subject to suspensions, detention, and monetary penalties. Other repercussions include civil and criminal charges for those who continue their trucking operations despite a suspended or cancelled license or trucking authority.
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