General Liability Insurance
#1
02-01-2008, 06:14 AM
General Liability Insurance
How many of you all have General Liability Insurance? If so, has it been worth the cost to add it. I'm noticing that more & more broker/carrier contracts are asking for 1M General Liability.
#2
02-01-2008, 08:24 AM
The trend I have seen recently is requests for:
Proof of Workmans Comp. General Liability anywhere from 250K to 1 Mil. A copy of my current balance sheet showing net worth. To date, I have never included this info with the setup package, and it hasn't stopped me from hauling any loads. Go figure!
#3
02-01-2008, 02:10 PM
I have only had one shipper who insisted on my having general liability insurance. It isn't really necessary for most loads. In this case, their rates were too cheap, anyway. I told them that their rates were not worth the extra expenditure.
#5
02-02-2008, 08:14 AM
Sideman,
For $8.53 per month how much General Liability coverage is that for? Thanks everyone else for your input. |
