Owner Operator liability insurance proposal set at $4.9 million

Independent truckers warn against crash liability proposal

Legislation that would increase the minimum insurance liability coverage required for interstate trucking from $750,000 to almost $5 million would put more small owner-operators out of business, independent operators claim.

In a July 29 letter warning against the proposal, which was introduced in the U.S. Congress on July 16, the Owner-Operator Independent Drivers Association (OOIDA) told lawmakers that while the bill’s supporters contend it would increase safety by weeding out unsafe drivers and equipment, there is no correlation between insurance coverage and highway safety.

“In fact, increasing insurance minimums would likely force many owner-operators – who are collectively among the safest, most experienced drivers on the road – out of the industry because premiums would become unaffordable,” wrote OOIDA President Todd Spencer. “As a result, H.R. 3781 would actually decrease highway safety, not improve it.”



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