with a strong push to have language included in the soon to be introduced Highway Bill or other infrastructure legislation this session. Another issue of concern to most towing company owners is the reintroduction of the INSURANCE Act. If passed this legislation will require interstate motor carriers, which includes most towers, to more than double the mandatory minimum public liability insurance coverage. Rising to over $2 Million from the current minimum of $750,000 for most motor carriers TRAA expects insurance premiums to increase by 40% or more. It is important to note that many towers already carry $1 Million in public liability with many also having blanket or excess coverage of two million or more however this legislation would require the base coverage to be at least $2.1 Million which could not be satisfied with our current excess or blanket policies.
Work the non-traffic side - Stay Safe!
AmericanTowman.com | April 2021 • West 95
