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Insurance requirements


b61mack
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I was reading the latest Land Line magazine and Rep. Matthew Cartwright, D-PA. wants to increase the required insurance from $750,000 to $4.2 million per truck, saying it is not enough. i drive a dump truck for the county highway dept. now. looking better every year putting up with all the Bullshit being an owner operator.

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they have been talking about this for a while now. yes 750k is a bit outdated but looking at claim statistics i dont remember the exact number but i think it was less than 1% result in caims of more than 750k. in reality 750k number does not mean much because if you want to get a load from anyone you pretty much have to have at least 1 mill in insurance. 4.5 mill is ridiculous unless your hauling hazmat or things that could result in huge environmental clean up problems.

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I can see 1 million. Not 4.5 mil. That's like Governor Cumo and his NYEPA head wanting gas stations in Westchester County, NYC, Nassau and Suffolk Counties to all post a 1.5 million dollar environmental bond for each tank in case of a spill.

"OPERTUNITY IS MISSED BY MOST PEOPLE BECAUSE IT IS DRESSED IN OVERALLS AND LOOKS LIKE WORK"  Thomas Edison

 “Life’s journey is not to arrive at the grave safely, in a well preserved body, but rather to skid in sideways, totally worn out, shouting ‘Holy shit, what a ride!’

P.T.CHESHIRE

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