Independent truckers warn against crash liability proposal
Legislation that would increase the minimum insurance liability coverage required for interstate trucking from $750,000 to almost $5 million would put more small owner-operators out of business, independent operators claim.
In a July 29 letter warning against the proposal, which was introduced in the U.S. Congress on July 16, the Owner-Operator Independent Drivers Association (OOIDA) told lawmakers that while the billâ€™s supporters contend it would increase safety by weeding out unsafe drivers and equipment, there is no correlation between insurance coverage and highway safety.
â€œIn fact, increasing insurance minimums would likely force many owner-operators â€“ who are collectively among the safest, most experienced drivers on the road â€“ out of the industry because premiums would become unaffordable,â€ wrote OOIDA President Todd Spencer. â€œAs a result, H.R. 3781 would actually decrease highway safety, not improve it.â€
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