N.Y. Comp. Codes R. & Regs. tit. 17 § 855.1
Every common and contract motor carrier of property under the jurisdiction of the commissioner transporting property for compensation shall secure and maintain and file with the commissioner a surety bond or certificate of a company authorized to do business in this State by the Superintendent of Insurance, or in lieu thereof, may file qualifications as a self-insurer, covering each motor vehicle so to be operated for the sum hereinafter set forth, conditioned for the payment of all judgments recovered against such motor carrier:
For personal injury or death to one person, $100,000;
For personal injury or death to all persons in one accident, $300,000, with a maximum of $100,000 for each person;
Property damage (excluding cargo insurance), $50,000;
For loss or damage to property being transported (cargo insurance), each motor vehicle, $5,000;
For loss or damage to property being transported (cargo insurance), aggregate losses or damages at any one time and place, $10,000.
N.Y. Comp. Codes R. & Regs. Tit. 17 § 855.1