Trucking companies are required to purchase liability insurance in case a driver in their employ causes a collision. The minimum amount of liability insurance that a trucking company must purchase is $750,000 for interstate general freight motor carriers. For hazardous-material haulers, the minimum is between $1 million and $5 million. While this may seem like a lot of money, truck accidents can cause permanent injuries and deaths to drivers in Denver, Steamboat Springs, Greenwood Village and surrounding areas. 
A truck accident lawyer knows damages from a serious injury or fatality can quickly exceed the minimum amount of insurance coverage that a commercial trucking company is required to purchase. These minimum limits have not been adjusted since 1985 and have not nearly kept pace with inflation and rising costs.
Finally, however, the Federal Motor Carrier Safety Administration (FMCSA) is considering changing the minimum limits. Although the FMCSA has launched rulemaking related to raising minimum insurance requirements, an actual change to regulations is far from guaranteed. The FMCSA is asking for public comments and any new requirements will not be passed and or go into effect in the foreseeable future.
