A for-hire motor carrier operating in interstate commerce must have $5 million insurance for any vehicle that seats 16 passengers or more. The minimum insurance for vehicles that transport less than 16 passengers is $1.5 million. This applies, for example, when a private bus company takes people across state lines to a casino or from one state to another, like Greyhound or Megabus. These minimum insurance amounts are required by Title 49 of the Code of Federal Regulations, Part 387.
A for-hire motor carrier operating in interstate commerce must have $5 million insurance for any vehicle that seats 16 passengers or more. The minimum insurance for vehicles that transport less than 16 passengers is $1.5 million. This applies, for example, when a private bus company takes people across state lines to a casino or from one state to another, like Greyhound or Megabus. These minimum insurance amounts are required by Title 49 of the Code of Federal Regulations, Part 387.
The federal minimum limits do not apply to school buses that transport students and teachers to and from school. Also, the minimum insurance limits do not apply to a bus operated by a motor carrier under contract with a school district when transporting preschool, elementary and secondary school student. A small minority of states have adopted 48 CFR 387, which means the limits apply in those states. In other states, it is necessary to look to state minimum insurance limits.
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Involved in a Crash?
No other law firm knows trucks quite like us. Our trucking law expertise and trial experience allow us to win multi-million-dollar results year after year.
Our team of truck accident attorneys works tirelessly to help your family find justice in the wake of a catastrophic truck crash.
Referrals & Co-Counsel
No other law firm knows trucks quite like us. Our trucking law expertise and trial experience allow us to win multi-million-dollar results year after year.
Involved in a Crash?
Our team of truck accident attorneys works tirelessly to help your family find justice in the wake of a catastrophic truck crash.
