The Federal Motor Carrier Safety Regulations require that commercial trucks carry a liability insurance policy of a certain minimum amount, in most cases $1 million. But, is this minimum coverage right for your trucking fleet? If the minimum is not right for your fleet, how much liability insurance coverage should you have?

There is no one answer that covers all trucking fleets. The requisite amount of insurance is different for a single owner-operator than it is for a fleet of several hundred trucks. Nonetheless, there are common factors that every trucking company should consider in determining the amount of liability insurance coverage that it needs.

The factors that you should consider are: