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TRUCKRULES

Insurance and Financial Responsibility

What coverage you need, how the filing works, and how to avoid a lapse

What you’ll learn

36 self-paced lessons · One-time price · Certificate of completion · Access never expires

New to compliance? Try our free course first

Questions before you enroll? See our FAQ or email info@truckrules.com.

This course covers insurance and financial responsibility end to end: the federal minimums and what it means that the $750,000 figure has not moved since 1985, what brokers and shippers require on top of it, how to come to an agent prepared and what to ask before you bind, the filing your insurer makes with FMCSA and how to check it on the public record yourself, what the MCS-90 endorsement actually does and why it leaves you owing your insurer, cargo and the other coverages, and what to do when a cancellation notice arrives. It is written for motor carriers of property; passenger carriers have different limits and are not covered. The course is organized into six modules of short lessons, followed by a final quiz.

1

What the rules actually require

6 lessons

  • 1Two different things people call insurance
  • 2Who this applies to
  • 3The minimum levels
  • 4A number that has not moved since 1985
  • 5What the market requires, which is more
  • 6What is not federally required
2

Getting insured

7 lessons

  • 1Where this sits in the sequence
  • 2Before you call anyone
  • 3Find an agent who writes trucking
  • 4What drives your quote
  • 5Why a new authority costs more
  • 6The questions to ask before you bind
  • 7What happens when the policy binds
3

The filings, and verifying yours

6 lessons

  • 1You do not file it, and that is the point
  • 2BMC-91 and BMC-91X
  • 3Surety bonds and self-insurance
  • 4Checking your filing, step by step
  • 5What to do when it is not there
  • 6Brokers and freight forwarders
4

The MCS-90, and reading your policy

6 lessons

  • 1The most misunderstood document in trucking
  • 2What it actually does
  • 3And then you owe the money back
  • 4Finding it in your own policy
  • 5Reading your declarations page
  • 6Two cancellation clocks
5

Cargo, and what the market requires

5 lessons

  • 1Federal cargo insurance is narrower than you think
  • 2What brokers and shippers require
  • 3The other coverages
  • 4Sending a certificate to a broker
  • 5Reading a certificate of insurance
6

Lapses, and where carriers actually fail

6 lessons

  • 1Your authority depends on the filing staying live
  • 2What a lapse looks like from the outside
  • 3When a cancellation notice arrives
  • 4Getting reinstated
  • 5Where carriers actually fail
  • 6What you can do now

Final Quiz

Covers the whole course