maestro489 Posted June 26, 2017 Share Posted June 26, 2017 How much liability do you carry on your commercial vehicles? Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
flintflash Posted June 26, 2017 Share Posted June 26, 2017 I guess it would depend on the size of your fleet, but I would have $1,000,000/per accident. In this day and age, lawsuit happy idiots are everywhere. Once they find out you are a commercial vehicle, they start to see dollar signs. You want to be sure you are protected, especially if you have employees. You don't want to jeopardize your business over a traffic accident. Just remember, the more drivers you have, the more chances of an accident. Just my 2 cents. Link to comment Share on other sites More sharing options...
lacanteen Posted June 26, 2017 Share Posted June 26, 2017 Most large customers require $1,000,000 as a minimum to work on their property. Link to comment Share on other sites More sharing options...
maestro489 Posted June 26, 2017 Author Share Posted June 26, 2017 I don't have a fleet it's just me and I'll be driving a 2004 Isuzu NPR box truck. I've had a speeding ticket and a fender bender in the last year and the price for $1,000,000 is not great hers as I'm expanding my business. I haven't needed a box truck until now. Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
AngryChris Posted June 27, 2017 Share Posted June 27, 2017 I believeI have 100k/300k on the liability on the truck and 1 million General liability. Link to comment Share on other sites More sharing options...
maestro489 Posted June 27, 2017 Author Share Posted June 27, 2017 General liability as in it covers you in or out of the vehicleSent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
Corvus Corax Posted June 27, 2017 Share Posted June 27, 2017 I don't have a fleet it's just me and I'll be driving a 2004 Isuzu NPR box truck. I've had a speeding ticket and a fender bender in the last year and the price for $1,000,000 is not great hers as I'm expanding my business. I haven't needed a box truck until now. Sent from my iPhone using TapatalkI have a 2000 Isuzu NPR and I carry 100k/250k/500k. Runs like 1500 per year.Sent from my SAMSUNG-SM-G900A using Tapatalk Link to comment Share on other sites More sharing options...
AZVendor Posted June 27, 2017 Share Posted June 27, 2017 You can add a $1mil umbrella policy to what you have for very little. Link to comment Share on other sites More sharing options...
AngelCity Posted June 27, 2017 Share Posted June 27, 2017 I contacted a company out of arizona, they said it was like $89 a year, per machine, for liability. Link to comment Share on other sites More sharing options...
AngryChris Posted June 27, 2017 Share Posted June 27, 2017 Just now, AngelCity said: I contacted a company out of arizona, they said it was like $89 a year, per machine, for liability. You're talking to the wrong insurance company then. Try The Hartford. It should be $500 - $1,000'ish Link to comment Share on other sites More sharing options...
Corvus Corax Posted June 27, 2017 Share Posted June 27, 2017 I contacted a company out of arizona, they said it was like $89 a year, per machine, for liability. Are we talking business insurance or vehicle. I have state farm. My business insurance is $325 per year. My commercial vehicle insurance is about $1500 per year. This is for MD.Sent from my SAMSUNG-SM-G900A using Tapatalk Link to comment Share on other sites More sharing options...
AngelCity Posted June 27, 2017 Share Posted June 27, 2017 This would be for business insurance. I met one of their reps at a trade show in Las Vegas at a commercial real estate show. Link to comment Share on other sites More sharing options...
Sgolembiewski0903 Posted June 28, 2017 Share Posted June 28, 2017 Man I tell ya business aint cheap!!! It's really really not But I can only imagine thr bliss in being established and easily paying fixed costs, and when every extra dollar represents incremental profits... Sent from my XT1254 using Tapatalk Link to comment Share on other sites More sharing options...
Sgolembiewski0903 Posted June 28, 2017 Share Posted June 28, 2017 When a your expense on a dollar of sales is only cogs+taxes... Sent from my XT1254 using Tapatalk Link to comment Share on other sites More sharing options...
AZVendor Posted June 28, 2017 Share Posted June 28, 2017 You pay sales tax on your sale price, not your cost. You can factor out the tax but not the cost. Link to comment Share on other sites More sharing options...
lacanteen Posted June 28, 2017 Share Posted June 28, 2017 Sales tax varies by state. In Louisiana, we pay the state tax on cost, but city and parish taxes are on selling price. It's fun to keep up with in a large territory. Link to comment Share on other sites More sharing options...
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