Is it true that insurance must cover a total aggregate of $2 million?

The correct answer indicates that it is not universally true that insurance must cover a total aggregate of $2 million. In many cases, insurance requirements can vary based on the specific regulations governing the heating oil tank industry, the nature of the work being performed, and the licensing or permitting necessities mandated by state or local authorities.

Not all projects or types of work will necessitate a $2 million aggregate coverage limit; some projects may require lower levels of coverage or have different stipulations depending on the risk assessment associated with the work. For instance, smaller jobs or residential services might have different insurance needs compared to commercial projects, which often entail higher risks and, consequently, greater insurance requirements.

In summary, the variability in insurance obligations means that a standard figure like $2 million does not apply universally across all contexts within the industry. This is why the assertion that "insurance must cover a total aggregate of $2 million" is false.