- 1). California businesses that wish to self-insure their vehicles must meet three primary requirements. The motor carrier fleet to be insured must include 25 or more commercial vehicles registered in the motor carrier's name. The company's required level of liability insurance can't be greater than $750,000. And there can't be any unsatisfied legal judgments against the motor carrier resulting from property damages and/or bodily injury--including death--caused by a motor vehicle accident.
- 2). Eligible businesses must file a self-insurance application with the DMV. The application is a one-page form with five sections. Necessary information includes: the company's name and California business ID number; the company's address and phone number; the number of vehicles that will be self insured; and verification of the amount of the deposit the company will file. See the Reference section below for a sample application.
- 3). After self-insurance applications have been approved and are in operation, companies with huge fleets of vehicles usually have an administrator who handles insurance claims. The administrator handles all or most aspects of insurance claims--such as repair estimates, medical bills and rental cars for non-employee accident victims--the way an insurance company would.
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