BIPD

Also known as: Bodily Injury and Property Damage

By Korey Sharp-Paar · Reviewed by the Fast Trucking Compliance team

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 to satisfy the financial-responsibility requirement. If the insurance filing is cancelled, FMCSA can revoke the operating authority.

Authoritative source

49 CFR Part 387 - Minimum financial responsibility

Trucking Insurance Requirements

BMC-91 minimums, cargo coverage, and the 49 CFR Part 387 financial responsibility schedule.

Related terms

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