What About Insurance For Hazardous Material Tankers?
Because there is significant risk involved in transporting hazardous cargo, trucking companies who transport this cargo must have additional insurance—sometimes as much as $5 million as a minimum insurance coverage amount. While hazardous cargo tankers are heavily insured, they are usually also heavily defended, meaning while there should be plenty of insurance to cover your claim, there is also unlimited resources to defend against claimants receiving that money.