How Much Insurance Do You Carry?

high_horse_ford

I was wondering is there a minimum amount of liability insurance you must carry in Missouri? How much is it costing you a year?

Thanks

DAVIS081404

Im in CA. 2 mil gen liability ($3900 +/_ a year)

mdshunk

All I need to comply with local laws is 100K. If that's all a fella has, he's nuts.

Grumpy

I think the minimum here is $350k. However I work on buildings in the multiple million dollar range. Assuming catastrophic failure... my $350k policy isn't going to help much!

That's why I don't have a $350k policy, but rather I have a $2mil policy for general liability.

I also have a seperate workmans compensation policy for $500k.

Speedy Petey

I have $2m/$4m gen liability. I forget what it costs me. This is besides workmans comp.
But I am not in Missouri.

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GregS

Wow I only do low-voltage and I'm required to have $2M (CAD) before I can walk on a job site.

cjonesjr2007

I am required 300k minimum liability here in NJ.

Speedy Petey

Is that all you carry? $300k is NOT much.

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cjonesjr2007

No that is just the minimum required for the state. I carry more than tripple that.

rick4u2000

I carry 2M

747

100,000/300,000/100,000 on my Jeep.

fridaymean

I would think a highly self decorated, better state tested, way more educated person like you should know how to spell triple.

cjonesjr2007

The main thing here is to know it's meaning. We all have a typo here and there. Learn something. Learn a definition.

Triple = Consisting of three united; multiplied by three; threefold; as, a triple knot; a triple tie.

fridaymean

Thanks for the insight. Maybe you should teach Kindergarten

cjonesjr2007

We must all follow the rules.

PLEASE READ: Site Rules and Instructions
12-17-2004 Nathan (Administrator)

fridaymean

Um, thanks.