There is no longer a federal mandate of cargo insurance for motor carriers who do not transport household goods (BMC 34 or BMC 83). However, it is imperative that trucking companies purchase cargo insurance to adequately protect that goods transported. Many cargo insurance policies contain exclusions and deductibles which may limit insurance coverage. The typical coverage for a for-hire motor carrier is $100,000, but may increase based on commodities hauled and shipper or broker requirements.