Under the Federal Motor Carrier Safety Regulations, for-hire general freight carriers must carry a minimum of $750,000.00 in liability insurance coverage. Fore-hire and private carriers of certain oils and hazardous wastes must carry a minimum of 1 million in liability coverage while carriers of other hazardous materials must carry 5 million in liability insurance coverage.
Private buses equipped to carry 15 people or less must carry 1.5 million in liability coverage. Buses that carry 15 people or more must maintain five million in coverage.