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re: commercial auto minimum limits

Posted on 2/1/17 at 4:38 pm to
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
5351 posts
Posted on 2/1/17 at 4:38 pm to
quote:

Don't know state minimums but $1,000,000 limits are pretty standard on commercial policies. They should get an attorney.




This. It's standard written practice in the industry for 1 mil, though I have had some clients that absolutely refuse to have that high a limit for the couple dollars a month in savings.
Posted by Y.A. Tittle
Member since Sep 2003
102023 posts
Posted on 2/1/17 at 5:15 pm to
quote:

This. It's standard written practice in the industry for 1 mil, though I have had some clients that absolutely refuse to have that high a limit for the couple dollars a month in savings.


Unless it's something really egregiously stupid (like a true ot baller type only carrying 15/30 insurance and they have a client with really bad injuries) most lawyers won't go after INDIVIDUALS for excess of their policy limits. I can assure you, though, businesses will ALWAYS be seen as much more than fair game in EVERY scenario.
Posted by Chad504boy
4 posts
Member since Feb 2005
167154 posts
Posted on 2/1/17 at 7:25 pm to
quote:

It's standard written practice in the industry for 1 mil,


Can you send me the written practice book?
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