This could more than double insurance premiums.

Depends on the carrier and state. We (Berkshire Hathaway) run any where from 30-55% of first million premium for the next million in coverage.

 

A lot of O/O have 2 million already. When you think about it $750k really isn't a lot of money.
Was picking 2 weeks ago. This happened over night, before I arrived. They lost millions worth of product due to smoke damage.

 

Post fatality everyone was looking at an umbrella policy shown on our certificate and all were disappointed to find it was for a warehouse customer and not related to trucking.

If something like this should pass, it needs to also bump up the numbers for Haz Mat too.

 

It’s a fact that the self insured Megas, have Lobbied for it, in the past.

 

aannndd that's why I went with progressive instead of you guys. lol

 

Hey guys,

I saw this article as well and was curious, what does insurance generally cost as is, and what would it cost if this bill actually passed?

 

My authority

93 W9 2020 Wilson peanut hopper
2016 Timpte peanut hopper

$1,000,000 liability
$100,000 cargo
Trailer interchange
Unlimited miles

Clean mvr and 3 year no losses

I know there is more but that is a little info

$12,000 this year

 

11 years ago, 165 port drivers in 10 locations was JUST under $900,000.00 with only 100 million.

17 years ago small tank carrier, 85 trailers with 55 tractors, mostly owner operators, five million was $85,000.00 a truck.

wouldn't want to pay their bills in today's market.....