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Sakazi IELTS Mentor
What are the commercial auto insurance requirements for businesses in Texas?
In Texas, businesses with vehicles used for commercial purposes must comply with specific insurance requirements. Here's a breakdown:
Minimum Coverage:
- Bodily Injury Liability Coverage: $30,000 per person/$60,000 per accident
- Property Damage Liability Coverage: $25,000 per accident
- Personal Injury Protection (PIP): While technically required, you can opt-out by signing a waiver.
Additional Considerations:
- Higher Limits: Depending on your industry, vehicle types, or specific regulations, you may be required to carry higher liability limits.
- Collision and Comprehensive Coverage: While not mandated, these coverages are often recommended to protect your business vehicles from damage beyond liability situations.
- Endorsements and Riders: Consider specific add-ons like hired auto coverage, cargo insurance, or pollution liability based on your business needs.
- Employee Use of Personal Vehicles: If employees use their personal vehicles for work, you need commercial auto insurance to cover them while conducting business.
Resources for Further Information:
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- Texas Department of Insurance: https://www.tdi.texas.gov/
- Texas Commercial Auto Insurance Requirements: https://www.thehartford.com/small-business-insurance/small-business-insurance-requirements
- Commercial Auto Insurance in Texas: https://www.insureon.com/
Remember: This is a general overview. It's crucial to consult with a licensed insurance professional to discuss your specific business needs and ensure you have adequate coverage.
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