$5 Million Liability Insurance?

I'm in the process of getting a contract with a General Contractor for moving pilings from one job site (15 miles away) to another.
The contract administrator says his company requires AL to include an "All Autos" endorsement (Just in case I sub-haul)...GL....."Excess Liability" endorsements...In addition to other requirements that my insurance carrier has never even heard of.....All this adds up to carrying a $5 million liability policy ....

My insurance carrier says he can draw up a policy but, it will add an additional $20K to my premiums for the year...

The contractor says they can guarantee 6 weeks worth of work out of it.....But....If do go into a contract with them....I would have to charge them at least $500 per load.....Huge increase over my original bid of $200 per load...


Has anyone ever heard of such high requirements to haul general freight?

I have heard of high rates for specialized like HH/OD hauling steam generators as an example....

But all I'll be hauling are pilings.........

 

They're asking for G/L and Umbrella Liability along with additional endorsements...

I did some more calculations and figured that the minimum would be $300 per load and a guarantee of 90 loads.....

 

The contractor didn't call back today......

Oh well...If they can't work it out..No problem.....I have plenty of loads in my normal lane....

I was just trying to work close to home for awhile.......

Sometimes when it looks too good to be true...It probably is.....

 

Hmmm....I have hauled into and out of major mines....

Been to oil fields....
Major construction projects....

And my current coverage was never questioned.....


This is also a government job.....
So even if I had the required coverage....
The other obstacle would be that I'm not registered as a designated biz......

I was just reminded about that from a someone who is, while discussing this over the email....