What is an Insurance Filing?
A commercial insurance filing shows proof of financial responsibility. It certifies you have enough liability coverage or cargo coverage to meet state and federal requirements. It serves as a guarantee to the public who are involved in an accident for which you are responsible that you have the minimum required protection. State and Federal transportation departments have their own filing requirements, which are explained below:
State Insurance Filing
Transportation companies that haul exempt commodities in more than one state are required to submit state filings on top of the federal requirements. Companies that operate their commercial vehicles in one state only are required to submit an insurance filing in the state where they operate. Some states do not require commercial insurance filings, including Florida, Hawaii, Maryland, Nevada, New Jersey, Oregon, Pennsylvania, Vermont, and Wyoming.
Federal Insurance Filing
Transportation companies that operate across state lines, haul hazardous cargo, or engage in for-hire trucking or for-hire passenger transportation are required to submit federal insurance filings. Transportation companies that do not cross state lines are not required to have federal filings.
Types of Insurance Filings
There are many different types of insurance filings and the types you need depend on a few factors, including your business type, the type of vehicle you operate, where you drive, and what you transport. Freeway can help you determine which insurance filings you need.
How Do I Get an Insurance Filing
When you purchase a commercial vehicle insurance policy from Freeway Insurance, we’ll handle the insurance filings for you. All you need to do is file for authority, and we’ll take care of the rest.
Get a Commercial Vehicle Insurance Quote
Freeway Insurance has been providing low-cost commercial vehicle insurance to businesses for over 30 years. We compare commercial vehicle insurance quotes to ensure you get the best coverage at the lowest price. Request a free commercial auto insurance quote online or over the phone at 800-777-5620.