What limit applies to commercial vehicles carrying hazardous materials as mandated by the Motor Carrier Act?

The Motor Carrier Act establishes specific liability insurance requirements for commercial vehicles that transport hazardous materials. For vehicles carrying hazardous substances, the required minimum liability insurance limit is set at $5,000,000. This high limit is designed to ensure that there are sufficient financial resources available to cover potential damages that could arise from incidents involving hazardous materials, such as spills or accidents that could pose risks to public safety and the environment.

This regulation is crucial in promoting safety within the transportation of hazardous materials, as it encourages responsible operations and ensures that adequate funds are available for clean-up and any related damages. Establishing such a significant limit demonstrates the potential severity of incidents and the importance of having substantial financial backing to address associated risks.