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Old 02-01-2008, 06:14 PM
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Default 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.
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Old 02-01-2008, 08:24 PM
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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!
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Old 02-02-2008, 02:10 AM
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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.
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Old 02-02-2008, 07:46 PM
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My Auto liability costs $400 a month, my General liability is $8.53 a month
General liability is the cheapest part of most policies.
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Old 02-02-2008, 08:14 PM
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Sideman,

For $8.53 per month how much General Liability coverage is that for? Thanks everyone else for your input.
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Old 02-02-2008, 09:31 PM
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Oh, sorry. It's for 1 million.
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