Loretta Worters, spokesperson for the Insurance Information Institute, recommends that a small home - based business have
minimum commercial car insurance liability limits of $ 250,000 for bodily injury coverage for one person, $ 500,000 for bodily injury for all persons and $ 100,000 for property damage coverage.
Not exact matches
Federal and state regulations vary, but virtually every type of
commercial vehicle from the smallest pizza delivery
car to the largest cement mixers must have
minimum liability insurance.
If you use a company
car or have a fleet of vehicles, you will need a
commercial vehicle policy that meets state
minimums for liability coverage.
Though for
commercial purpose, eastern region uses
minimum diesel
cars and SUV's whereas south used maximum.
Property damage liability is usually around a
minimum of $ 10,000 in coverage and helps with repair cost to structures like a house or
commercial building that was damaged in a
car accident.
Whether you opt for the
minimum liability coverage, or you add a number of optional
commercial coverages to your policy, you'll want to get the best
commercial car insurance at the best price.
When you shop for
commercial car insurance, you may find that companies will only sell you policies that include coverage limits that are much higher than the state's
minimum requirements for personal vehicles.
Most states require at least the same
minimum insurance requirements that apply to passenger
cars for
commercial vehicles.
If you use a company
car or have a fleet of vehicles, you will need a
commercial vehicle policy that meets state
minimums for liability coverage.
Federal and state regulations vary, but virtually every type of
commercial vehicle from the smallest pizza delivery
car to the largest cement mixers must have
minimum liability insurance.