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Are the owners of semi-trucks required to carry higher amounts of liability insurance than automobile drivers?

Yes. Large trucks have the potential to cause catastrophic damage in crashes. As a result, trucking companies are required to carry more liability insurance than an automobile owner. The state of Indiana requires that semi-trucks with a vehicle weight of 10,000 pounds or more that transport nonhazardous freight have a minimum of $750,000 in liability insurance. Private and for hire transportation companies that transport hazardous materials are required to have $1 million to $5 million in liability insurance coverage, depending on the type of material transported. The higher amounts of insurance allow for greater compensation after serious truck accidents.