ST Alpha - "if you operated a taxi - you are only expected to carry the same insurance limits as a personal car owner" (Reading a Post)

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In response to "Minimum limits? -- nm" by Krusty

if you operated a taxi - you are only expected to carry the same insurance limits as a personal car owner

Posted by Epiphany (aka Epiphany) May 14 '10, 12:56

but yet if insurance is based on a pool of risks. what are the odds that a car that is on the road 24/7 is more likely to be involved in an accident and what are the odds of having more then passenger and what are the odds of severe injury.

I wish I could unknown this just like I wish I could tender my NY adjuster license - cause it is the bane of my DESK

end rant/

Responses:

then they would become the target of everyone with financial difficulties (and their ambulance chaser lawyers) -- nm - zork May 14, 13:01 1
- I feel that transportation companies should have enough insurance to cover catastrophoe(sp?) accidents they are involved in -- nm - Epiphany May 14, 13:11
Ahh...I always thought they had to have full coverage. Not good. -- nm - Krusty May 14, 12:59

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if you operated a taxi - you are only expected to carry the same insurance limits as a personal car owner

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