The New Jersey State Bar Association supports S-2841 (Scutari)/A-4292 (Carter) with amendments, which raises the minimum amount of liability coverage for commercial motor vehicles to $1.5 million.
The Association supports this proposed legislation because it requires owners of commercial motor vehicles to maintain liability insurance coverage of at least $1.5 million to insure against loss resulting from liability imposed by law for bodily injury, death, and property damage. Often commercial vehicle incidents result in the most significant damages. There has not been an increase in the minimum coverage since 1972 and therefore this increase is justifiable and necessary to ensure fairness in the administration of justice for New Jersey residents.
For the reasons set forth above, the New Jersey State Bar Association supports S-2841/A-4292 and encourages you to vote yes to this proposed legislation.