Trucking companies are required to purchase liability insurance in case a driver in their employ causes a collision. The minimum amount of liability insurance that a trucking company must purchase is $750,000 for interstate general freight motor carriers. For hazardous-material haulers, the minimum is between $1 million and $5 million. While this may seem like a lot of money, truck accidents can cause permanent injuries and deaths to drivers in Denver, Steamboat Springs, Greenwood Village and surrounding areas. Financial recovery options for truck accident victims

A truck accident lawyer knows damages from a serious injury or fatality can quickly exceed the minimum amount of insurance coverage that a commercial trucking company is required to purchase. These minimum limits have not been adjusted since 1985 and have not nearly kept pace with inflation and rising costs.

Finally, however, the Federal Motor Carrier Safety Administration (FMCSA) is considering changing the minimum limits. Although the FMCSA has launched rulemaking related to raising minimum insurance requirements, an actual change to regulations is far from guaranteed. The FMCSA is asking for public comments and any new requirements will not be passed and or go into effect in the foreseeable future.

Could Trucking Companies Be Required to Buy More Insurance

The FMCSA’s  proposed rulemaking does not actually propose new minimum levels of insurance coverage that truckers would need to buy. Instead, the FMCSA has asked for responses to 26 different questions related to insurance premium rates; the insufficiency of current information on the minimum coverage requirements; and the impact of increasing minimum coverage.

The FMCSA is acting because the agency believes that the current limits do not adequately cover the costs of “severe and critical injuries that are common in catastrophic truck crashes.” The Trucking Alliance conducted a study about claim settlements in 9,000 different accidents and discovered that around 42 percent of the settlements were above the current $750,000 threshold. This supports the FMCSA data.

As the JOC Group, Inc. indicates, the current insurance minimums have also not kept place with inflation. Between 1985 and 2013, the consumer price index rose an 2.8 percent on average. Meanwhile, the insurance minimum coverage limits have not moved upwards at all.

Since the potential damages are so high, 83 percent of trucking insurance policies are already written to provide for more than minimum coverage. This means many companies won’t even be affected by a change. However, until the FMCSA alters the coverage rules, not all trucking companies will be responsible enough to buy more than the bare minimum. When a victim is involved with a trucking company that has chosen to do the minimum and is thus effectively underinsured, this victim may have added challenges being fully compensated for losses.

The FMCSA, which is part of the Department of Transportation, is also considering establishing insurance requirements for freight forwards and freight brokers as well as modifying rules regarding self insurance and governing trip insurance.

Victims of truck collisions will benefit if increases in minimum coverage limits go through, as there will no longer be concern about whether enough money is available to provide full compensation for loss.

Contact Bell & Pollock at (877) 744-5900 or visit to schedule a consultation with a truck accident lawyer in Denver, Greenwood Village and Steamboat Springs Colorado. 

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Call a trusted attorney at Bell & Pollock, P.C. at (303) 795-5900 to get on the road to recovery now. You can also email our firm via the contact firm on this page.

As proud champions of the people, our lawyers are ready to answer your questions, explain the law and your rights, and help you take whatever steps necessary to recover the compensation you’re entitled to. With us in your corner, you can be confident that you have the legal support and representation necessary to successfully resolve your claim.

Don’t delay your recovery for a second longer – and don’t be misguided into thinking that you have to go through the process alone. Our attorneys are here, ready to help – and you won’t have to pay us anything until (or unless) there is a recovery in your case.

You may confidentially submit your question and it will be answered by Bell & Pollock, P.C. The only little catch is that he does this as a public service and he's going to give you some general advice only. This does not make you a client of Bell & Pollock, P.C. There is no charge for this service.

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Case Results


CASE: Client was injured by a drunk driver. As a result of the motor vehicle accident, client was rendered a quadriplegic and needed a life care plan.
Outcome: $9,600,000

CASE: Against Insurance company for failure to pay for property damage after a gas and fire explosion.
Outcome: $1,600,000

CASE: Medical malpractice for failure to diagnose a descending aorta aneurism, resulting in death.
Outcome: $1,300,000

CASE: Neck and back injuries from car accident. Client had ongoing symptoms and needed injections for attempted remediation of pain.
Settled for $485,000

CASE: Client was injured in a 2 vehicle collision. She suffered a traumatic brain injury, concussion and multiple injuries to the neck.
Outcome: $6,000,000

CASE: Client was in her car and was T-Boned by a commercial vehicle. Her cerebral spinal fluid leaked and she suffered a concussion and traumatic brain injury with neck and lumbar (low back) injuries. Her neck injury caused radiating pain, numbness and tingling in her arms.
Outcome: $3,400,000

CASE: Client was driving on a rural road when another car crossed the center line and caused a head-on collision in the snow and ice. Client did physical work for a living. Both knees were injured, along with a neck injury.
Outcome: $2,300,000

CASE: Client was driving on South Parker road when another vehicle rapidly changed lanes and rear-ended the client. That vehicle was cited for careless driving. The collision caused a concussion with traumatic brain Injury. Client missed time from work and had a positive correlation between brain scan and neuropsychological test results.
Outcome: $950,000

CASE: Client was rear ended by a dump truck, was then knocked forward and hit another vehicle. Client had a concussion with traumatic brain injury. Client underwent a brain scan which showed hypoperfusion, correlated with her concussion symptoms. Client suffered neck injuries and injuries to her low back.
Outcome: $650,000

CASE: Client was rear-ended. The mechanism of injury from the forces in the collision caused her neck injury and at the same time, damaged her organs inside her throat. Client had swallowing and choking issues.
Outcome: $1,250,000

CASE: Client was in a motor vehicle accident. Both injections in the neck rendered some temporary relief. The Injections were transforaminal epidural steroid injections. Surgery was recommended on the lumbar (low back). The low back was injured by the forces in the collisions.
Outcome: $933,000

CASE: The client was driving in her car and was rear-ended thereby causing injuries to her lower back and neck.