Posted on May 19, 2014

Rising Commercial Auto Insurance Limits Affect Nebraska Business Owners

Rising auto insurance nebraska

If Nebraska State Senator Paul Schumacher has his way, the minimum auto insurance liability coverage will increase for state residents and businesses. The senator introduced a bill in January 2012 seeking a benefit increase for uninsured and underinsured auto policies.

The current minimums for auto liability are $25,000 for injuries to individuals and $50,000 for injuries to two or more. His proposed changes will increase coverage to $50,000 for individuals and $100,000 for two or more injured. Because current minimum auto insurance levels were set when medical costs were lower, Schumacher feels doubling the coverage will provide better protection and ability to cover medical expenses.

Commercial auto insurance coverage is mandated by the state with the following minimums:


  • Bodily Injury Liability - $25,000 per person and $50,000 per accident
  • Property Damage - $25,000 per accident
  • Personal Injury Protection - Optional
  • Uninsured Motorists - $25,000 individual injury; $50,000 injury of 2 or more

Without proper coverage, the state can fine drivers up to $500, suspend drivers' licenses and vehicle registration.

For business owners needing commercial auto insurance coverage, a change in minimum policy limits will usually not have an effect. Most companies carry much larger coverage amounts than the minimum required by law. Without enough insurance coverage, a commercial fleet would not have enough insurance to fully protect their vehicles, employees and others.


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