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How much insurance is enough

Discussion in 'Networking' started by Indy, Jan 31, 2008.

  1. Indy

    Indy Senior Member
    Messages: 704

    My plow truck is my driver.

    How much insurance is enough/exess???

    As a loaner or as a sub???

    I just don't want to get screwed up~ Thanks

    Mike C:salute:
  2. IMAGE

    IMAGE Sponsor
    Messages: 1,747

    Depends what your doing. I wont run less then 1M General Liability, which seems to be a standard number for most. Big commercial jobs may require 3M GL. Also make sure you run Commercial Auto.
  3. BREAULT69

    BREAULT69 Member
    Messages: 97

    I run $500k commercial on the truck. $2mil gen. liability. seems to be minimum to allow me to do commercial work. 3 years ago $500k gen liab. & $300k on the truck was all that was required. It seems to go up every year.
  4. BREAULT69

    BREAULT69 Member
    Messages: 97

    Almost forgot. If you're not using the truck for anything commercial in the summer you can usually drop back to non-commercial $250k and save a few hundred bucks. Then switch back to the commercial pre winter. My Shelter agent does that for me.
  5. Indy

    Indy Senior Member
    Messages: 704

    Thanks for the #'s

    That helps

    Mike C
  6. rjfetz1

    rjfetz1 Senior Member
    from CT.
    Messages: 640

    1 million commmercial liability, plus 1 million umbrella. This day you can never have to much coverage.