BIPD

Definition

BIPD - Bodily Injury and Property Damage - is the primary liability insurance every for-hire motor carrier carries to cover third-party injury or property damage from a crash. FMCSA sets minimum BIPD limits under 49 CFR Part 387: $750,000 for general freight, $1,000,000 for oil hazmat, $5,000,000 for non-oil hazmat, and $5,000,000 for passenger carriers with 16 or more seats. The insurer files Form BMC-91 (or BMC-91X for hazmat) electronically with FMCSA L&I to satisfy the financial-responsibility requirement. A lapse triggers automatic authority deactivation; the 30-day cure window is tight.