You may hear a Certificate of Compliance referred to as COC. A carrier is another name for a company.
The Certificate of Compliance (COC) is a certificate representing an intrastate for-hire motor carrier that has complied with the safety and insurance requirements of the SCDMV. A COC is issued to all intrastate for-hire motor carriers, except passenger carriers, household goods carriers, and hazardous waste for disposal carriers.
There are two types of Certificate Classes:
- Certificate Class E-L - A carrier that operates a motor vehicle to transport goods of extremely low value such as dump truck commodities. These commodities do not require cargo insurance.
- Certificate Class E-LC - A carrier that operates a motor vehicle to transport property, which is properly insured to carry any cargo.
You must complete the Application for Certificate of Compliance for Operation of for-hire Motor Vehicle Carriers (SCDMV Form COC).
If you operate a freight vehicle with a gross vehicle weight rating (GVWR) of 10,000 lbs. or more, the insurance requirements are:
- $750,000 if transporting non-hazardous material
- $5,000,000 if transporting hazardous material
If you operate a freight vehicle with a GVWR of less than 10,000 lbs., the insurance requirements are:
$300,000 if transporting non-hazardous material
$5,000,000 if transporting hazardous material
If you operate a carrier that requires E-LC coverage, $5,000 is the insurance limit for loss or damage to property carried on any one vehicle.