‘Help us stay in business’: Owner-ops tell FMCSA insurance increase would shut them down

Owner-operators and the lobbying group that represents them say they fail to see the need for an increase to the minimum amount of liability truck-wreckainsurance required of carriers and they’re afraid an increase would drive premium costs to a point that would force them to close shop.

The publicly aired concerns came from the more than 2,000 comments submitted in the 90-day public feedback window allowed on the Federal Motor Carrier Safety Administration’s solicitation for input from trucking industry stakeholders and the public at large on a potential rule to up the minimum about of liability insurance trucking companies must legally carry.

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