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The difference in cost between 500K and $1Million would be peanuts spread over the year. The underwriting has already been done on the business and likelihood of a claim. The real cost is in the Comp & Coll coverage of the vehicles insured and the drivers employed. That cost can be mitigated by the deductible, which a business should look for highest deductible permitted by carrier. If it is $1000, take it. If it is $2500, take it. This lessens the chance of making multiple, low cost claims for driver stupidity.