Great Coverage for Your New Authority

What kind of insurance do I need for a new authority?

The FMCSA will generally require $750,000 or $1,000,000 of auto liability coverage, depending on your operations and how you setup your authority.

You may also need cargo coverage to protect the goods you will be hauling. Many brokers and shippers require $100,000 of cargo coverage, and some will require larger limits (such as $150,000 or $250,000) depending on the type of goods or commodities they are shipping.  

Then there is physical damage coverage for your truck and trailer. This pays for damage to your vehicles, and is often referred to as comprehensive and collision coverage or "full" coverage. 

If you're pulling trailers that you don't own, you may need Trailer Interchange coverage, which covers trailers in your possession while attached to covered power units.

No matter your coverage needs, with Milepost you can get the customized coverages you need to get your authority up and running.

We take care of your authority's motor carrier filings

If you plan to cross state lines, the FMCSA will probably require that your insurance company make a filing on your insurance. Brokers and shippers will usually check your insurance filings with the FMCSA before giving you a load, so it is important that your agent and insurance company understand how to handle the filings and can get them done quickly. 

It is also important that your insurance company's financial strength rating meets the minimum requirements of your brokers and shippers.

At Milepost, we are experts in trucking insurance and we understand how pivotal the filings can be to starting and running your business. That's why we only partner with insurance companies that have the highest financial strength ratings and are capable of making the federal and state filings you need to run your business.