When it comes to ensuring that liabilities are kept to a minimum, trucking companies already have a lot on their plates. For trucking professionals on the road, lost or stolen cargo, schedule disruptions, mechanical troubles, damaged goods, and more are all part of the job. But what if you’re dealing with hazardous items that require particular handling? Transporting this type of cargo necessitates greater caution when driving and transporting freight and there are more specific hazmat transportation insurance requirements to cover the increased risk and environmental hazards that these loads entail.
What do you mean by dangerous materials?
Hazardous materials are poisonous, flammable, or explosive chemicals that affect the environment and communities that come into touch with them. Radioactive materials, gases, flammable solids, organic peroxides, poisons, combustible liquids, and other hazardous materials can be found on trucks.
Items that don’t appear to be as dangerous or destructive as those described above are also considered hazardous. Adhesives, paint, and fertilizers are among these products.
Penalties and Insurance Requirements
Due to the inherent danger of transporting explosives and other hazardous goods. Depending on the goods being transported, hazardous materials truckers are required by law to carry between $1 and $5 million in hazmat insurance coverage.
With this in mind, a focus is placed on not only obtaining insurance to protect the trucker and the trucking enterprise in the case of an accident but also on adhering to regulations. You might risk large fines or even jail time if you fail to comply with vehicle insurance requirements or other hazardous restrictions.
That’s why following hazmat transportation insurance requirements is critical to your trucking business.