We rely on our insurance company when our vehicle breaks down or needs repairs and even when we have been involved in an accident. In most cases, when a driver is the victim in an accident and is not responsible for causing it, they can pursue the at-fault party’s insurance for compensation to cover the damage and/or injuries caused, as stated by South Carolina’s Department of Insurance. Under South Carolina law, a driver must carry $25,000 of minimum liability coverage at all times to be in compliance with the law. But what happens when you are involved in an accident with a commercial truck such as a semi or big rig? Are the circumstances the same?
Like motorists of passenger vehicles and small trucks, owners of commercial vehicles must carry a minimum amount of liability coverage to ensure public safety. According to Commercial Truck Insurance HQ, South Carolina law stipulates that most truckers must maintain a minimum of $750,000 in liability insurance. Of course, these limits vary based on the type of freight that is being hauled and where it is being transported to. Below are a few of the minimum liability requirements based on the type of freight:
- Non-hazardous freight moved in vehicles under 10,001 lbs.- Minimum liability insurance must be at least $300,000.
- Non-hazardous freight in vehicles over 10,001 lbs.- $750,000.
- Oil moved by For-Hire & Private Carriers-$1,000,000.
- Other Hazardous Material moved by Fort-Hire & Private Carriers- $5,000,000.