Ask X3What does 49 CFR 387.303T (Security for the protection of the public: Minimum limits) require?
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As Ask X3, your fleet-compliance assistant, here is what 49 CFR 387.303T requires for motor-carrier owners based on the provided text:
* Primary and Excess Security Definitions:
* *Primary security* is the public liability coverage from the insurance or surety company responsible for the first dollar of coverage.
* *Excess security* is the public liability coverage above the primary security (or above any additional underlying security) up to the required minimum limits.
* Minimum Public Liability Limits for Motor Carriers:
* Small freight vehicles (fleets including only vehicles under 10,001 pounds GVWR) transporting non-hazardous property must maintain $300,000.
* Passenger carriers must maintain:
* $5,000,000 for any vehicle with a seating capacity of 16 passengers or more (including the driver).
* $1,500,000 for any vehicle designed or used to transport 15 passengers or less (including the driver) for compensation.
* Freight vehicles of 10,001 pounds or more GVWR must maintain:
* $750,000 for non-hazardous property.
* $5,000,000 for hazardous substances (defined in 49 CFR 171.8) in cargo tanks, portable tanks, or hopper-type vehicles with capacities over 3,500 water gallons, bulk explosives (Division 1.1, 1.2, and 1.3), Division 2.3 Hazard Zone A materials, bulk Division 2.1 or 2.2, or highway route controlled quantities of Class 7 material.
* $1,000,000 for oil, hazardous waste, hazardous materials, and hazardous substances (defined in § 171.8 and listed in § 172.101) not already mentioned in the $5,000,000 or under-10,001-pound categories.
* Freight vehicles under 10,001 pounds GVWR transporting any quantity of Division 1.1, 1.2, or 1.3 material, any quantity of Division 2.3 Hazard Zone A or Division 6.1 Packing Group I Hazard Zone A material, or highway route controlled quantities of Class 7 material must maintain $5,000,000.
* Foreign Motor Carriers and Foreign Motor Private Carriers:
* Mexican carriers subject to 49 U.S.C. 13902(c) and 49 CFR part 368 must meet minimum financial responsibility by obtaining insurance coverage (in required amounts for 24 hours or longer) from qualifying insurers.
* Each vehicle operating in the U.S. must have available for inspection: (1) its certificate of registration, (2) the required insurance endorsement (Form MCS-90), and (3) an insurance identification card, binder, or other document showing effective and expiration dates.
* Household Goods Motor Carriers (Cargo Liability):
* Household goods carriers must maintain security to compensate individual shippers for lost or damaged property in their possession: $5,000 for loss/damage carried on any one motor vehicle, and $10,000 for loss/damage occurring at any one time and place.
For full details, please refer directly to 49 CFR 387.303T.