Laws and Regulations for Truck Cargo Insurance

Research, review and understand laws and regulations for truck cargo insurance

When working with truck cargo insurance companies and trucking insurance underwriters, you may not always feel in the loop about contract specifications or about laws and regulations that apply to you and your business. Although many trucking insurance companies will review and highlight the details of your contract with you, it will be beneficial to you and your bottom line to possess a clear understanding and competence of truck cargo insurance legal and regulatory issues.

To ensure you are an informed professional and know more than just truck cargo insurance rates and trucking cargo accident benefits, consider the following laws and regulations for truck cargo insurance:

1. Be knowledgeable of what a bill of lading is, what it entails and how it applies to motor truck cargo insurance.

2. Be aware of what Title 49 United States Code 13906 is and its relevance to trucking cargo insurance.

3. Be informed when it comes to the BMC 32 Endorsement for Motor Common Carrier Policies of Insurance for Cargo Liability and the BMC 34 Certificate of Insurance as it pertains to commercial truck cargo insurance.

 

Learn about a bill of lading and how it pertains to truck cargo insurance

Understanding bills of lading is critical to successful commercial trucking operations, as one must be obtained by the adjuster in a claim situation. It also specifies the liability of the carrier. Access online resources to attain a working knowledge of a bill of lading, its specifications and the ability to navigate and complete a bill of lading form.
Try: Read a concise description of a bill of lading at WiseGeek, and view a sample template at Microsoft Office Online.

Learn about Title 49 United States Code 13906 and how it relates to commercial trucking insurance

Clearly grasping Title 49 United States Code 13906 is essential to complying with owner operator cargo insurance laws and regulations. Doing so will ensure you and your personnel are legally operating within federal jurisdiction. You can read the entire text of the code as well as pertinent legal notes online and free of charge.
Try: Review the complete code text on the Justia website, and look over code notes provided by Cornell University Law School.

Learn about the BMC 32 Endorsement and BMC 34 Certificate in regards to commercial truck insurance

Established by Congress and the ICC, recognizing the importance and implications of BMC 32 and BMC 34 for semi truck insurance is necessary for all motor carriers. A provision to insurance contracts intended to safeguard those in the shipping business from losses, both the endorsement and certificate are required for common carriers. You can gain a better understanding of both BMC 32 and 34 by discussing the subject with truck cargo insurance providers or by utilizing the Internet and perusing information yourself.
Try: Browse a description of BMC 32 at the Logistics Management website and access the complete text of Title 49 Part 387.311 provided by the National Archives and Records Administration to understand why BMC 32 and BMC 34 are essential to truck cargo insurance.

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