Why Do I Need a Biennial Update?
All entities under FMCSA jurisdiction must update their information every two years. Any time there is a change in details, such as the addition of a truck or tractor, the carrier or another regulated entity must submit a biennial update to the FMCSA. Failure to comply with the requirements will result in penalties and USDOT number deactivation. In fact, you could face a $1,000 fine for each day you do not comply. Plus, at the $10,000 mark, you will face revocation. It’s not worth it!
When Should I File?
The time when you will need to file your biennial update is determined by your USDOT number. When the USDOT first issues you your number, they put certain numbers in certain places to determine when you should file.
If the next-to-last digit of your USDOT number is odd, you need to file your update every odd-numbered calendar year.
If the next-to-last digit of your USDOT number is even, you need to file your update every even-numbered calendar year.
Below is a table explaining which month you’ll need to file in.
|USDOT Number Ends In||File In|
How Do I Complete My Biennial Update?
The expert agents at SafeLine Truck Insurance are happy to help you with filling out the biennial update form. This form, called MCS-150, is available online. Once you download or print out this form, our team can help you fill it out and even file it with ease. Just give us a call and one of our helpful agents will direct you through every step of the process. You’ll be on your way to compliance in no time at all!
Contact us today and we’ll get you all set up!