Insurance Minimum RAISED to $1.5 MILLION in New Jersey | How it Affects You

Insurance Minimum RAISED to $1.5 MILLION in New Jersey | How it Affects You
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Can you BELIEVE THIS??

The New Jersey Legislature has passed a law requiring heavy trucks to carry a minimum $1.5 million in liability insurance — double the current federal minimum insurance requirement of $750,000 … what does this mean for owner operators and small fleets?? Ronen has the scoop!!

What do you think about this new legislation? Leave your comments below!

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Chapters:
00:00 Introduction- about the New Jersey insurance law
00:20 how large carriers will be affected
00:39 how small fleets will be affected
01:08 why is the state of New Jersey changing the insurance minimum?
01:51 how insurance companies will act with new law
02:07 why this is bad for the trucking industry
02:42 how this law could work

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