What are the commercial auto insurance requirements for businesses in Texas?

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Sakazi IELTS Mentor
Feb 25, 2024 05:33 PM 0 Answers Insurance
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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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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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