Yes. If you apply for authority to operate as an interstate carrier, you are required to maintain public liability insurance. The federal minimum is $750,000, but most carriers carry $1,000,000 as the industry standard.
Cargo insurance, while no longer a federal filing requirement (except for household goods carriers), is still considered essential. Most shippers and brokers expect carriers to carry at least $100,000 in cargo coverage before they will assign loads.
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