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Who insures commercial auto liability with limits of 1.5 million in Texas?
Wiki User
∙ 15y ago
Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more. The links below provide additional state contact information for specific issues.
Wiki User
∙ 15y ago
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Did commercial general liability insurance replace comprehensive general liability insurance?
There is no such thing as a "comprehensive" general liability policy. It is "commercial" to differentiate it from personal-lines coverage. It is commercial general liability policy, or CGL; a generally standard group of coverages, exclusions, limits. This is different than a manafest policy where commercial coverages are added in a customized fashion. A comprehensive policy would be one where a business owner (BOP) might purchase with a pre-set group of coverages, exclusions, and limits. Thanks Actually, the term "Comprehensive General Liability" was replaced in 1986 with the term "Commercial General Liability." They are essentially the same policies.
What are Minnesota liability limits?
Limitless....
How do you carry a million dollar limit on your commercial vehicles?
You need to purchase a commercial auto insurance policy with a million dollar limits for bodily injury and property damage. A $1,000,000 limit is standard for commercial auto and shouldn't be too costly. Your insurance broker can help you get this policy. If you need additional coverage above the limits offered by your auto insurer you can obtain an umbrella policy that will extend the limits of all underlying coverage.
What are the Commercial general liability insurance rate averages?
I think your best bet is to contact a multi-line agent, there are many different limits, the amount of exposure etc.
Institutional liability of courts?
institutional liability of courts and judicial activism scope and limits
Explain homeowners personal liability?
A personal liability, or umbrella, policy pays liability limits above those you can get on your homeowners or other basic liability policy. If you are thinking of buying a personal liability policy, begin by finding out the maximum amount of personal liability your homeowners policy provides. Make sure you coordinate the liability limits so that the umbrella policy covers any liability claim in excess of the amount your basic policy will pay, up to the maximum limits of the policy.
What limit is most advisable for UM coverage same as limit of Liability or take the state minimum?
It is customary to have the same limits on UM as you would have for your own liability limits.
What is the average insurance cost for small joinery business?
Cover can easily be compared instantly only and can also be tailored by the individual business to suit their exact needs such as the level of public liability limits can easily be increased from £1 million to £2 million or even £5 million.
Commercial auto insurance cheaper than personal auto insurance?
Generally speaking the answer is NO. Commercial auto insurance is more expensive that personal auto insurance because of the (1) frequency of using the auto- more often in commercial, (2) Commercial auto can cause more damage in accidents, and (3) bigger lawsuits are more evident in accidents involving commercial autos. There are very few exceptions. For example, a personal auto carried by a 16 year driver living in an urban area with few violations and a certain amount of liability limits can be more expensive than a commercial auto policy for a 35 years old suburban driver, with clean record, for comparable liability limits.
How much auto insurance liability is necessary?
The limits vary by state. Where are you?
How much commercial general liability coverage does a homeowners association need?
The amount of commercial general liability coverage a homeowners association needs can vary based on factors such as the size of the association, number of members, and potential risks involved. It is recommended to consult with an insurance professional to assess the specific needs of the homeowners association and determine an appropriate amount of coverage.
How do you protect assets from auto insurance claims?
Firstly, you need to purchase an adequate amount of liability coverage for your situation. You have a choice of liability limits that you want when purchasing auto insurance. You can also purchase an umbrella or excess liability policy that will give you coverage over an above your auto, home, boat, etc policies and increase limits of all to 1, 2, 5 million dollars, also your choice. These umbrella policies are very inexpensive but require that you carry higher limits of liability on your base policies like your auto and home. Get with a good independent agent in your area that deals with many different insurance companies and they can shop rates and coverages for you based on what you want.
