Question about cargo insurance.
 

What is the general limit to how much cargo coverage an independant carrier would need to haul loads?
Thanks in advance.

$100,000

that $100,000 might be the legal minimum but most companies with which I am familiar carry more...usually around $500k or even $1M

It all depends on what you're hauling on what you should have for Cargo Insurance.

my coverage is 2 million, I dont really get close to that amount but I do get the occasional piece of equipment slightly over 1 million, at least with my insurance company there wasn`t many policies between the 1 and 2 million dollar mark.

I've already signed on as an approved carrier for most of the big name compaines and they all required just $100,000 and some only $750,000. So far, 27 companies and no problems with my 100k.

It would be a good idea to have more than the minimum required by law. If you roll your truck with 250K worth of cargo inside you will be liable for the amount that your insurance does not cover. Possibly losing your house, car, etc.

100% right but some people don't understand that
I don't ever remember hauling a load where $100k would cover loss.

It all depend on what you are hauling. There are shippers that will not allow you to haul their cargo unless you have enough insurance.

If you are INC. or LLC. can they still come after you personally. I thought they just go after the company????