An FMCSA advisory committee discussion offered insight into how the agency will proceed with its rulemaking to increase liability insurance minimums and the potential consequences facing small business truckers if and when an increase occurs. ...
Liability insurance, particularly for new owner-operator businesses, can rank number one for in fixed costs for an independent without a truck payment -- $10K a year or more for a new business. If you've boosted ...
With FMCSA preparing a rule to increase the minimum level of required liability insurance for carriers, this rule probes current levels of coverage among owner-operators with their own authority.
Independent rebuttal to prognosticators of insurmountable challenges of the owner-operator model; Driverless trucks: income opportunity?; Insurance: "we've got to stop this bill dead."
After a truck payment, insurance is often the biggest fixed cost for owner-operators, particularly those running under their own authority.
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