Your limousine customers rely on you for dependable service, whether it’s getting them to the airport on time or transporting their party guests around town. That’s why it’s important to have proper limo insurance coverage.
Limo insurance, which also applies to black car services, is a type of livery insurance coverage that protects drivers who transport people on a for-hire basis. Unlike taxi services, black car and limo businesses offer pre-scheduled rides with specific pick up and drop off locations. Black cars and limousines typically consist of luxury sedans or SUVs.
How is Limousine Insurance Different?
Insurance companies, such as Freeway Insurance, offer commercial auto insurance policies that match the specific needs of limo services. Because limo and black car businesses involve transportation of people in your car, van, or limo you need coverage that protects your passengers and covers your risk for a liability claim. That coverage may include:
Personal Injury InsurancePersonal injury limo insurance will cover the cost of accidents and injuries involving your limo or black car. This coverage includes medical bills, rehabilitation, lost wages, and even funeral expenses.
Uninsured and Underinsured Motorist CoverageUninsured/underinsured coverage protects you in the event you or one of your drivers is in an accident caused by a driver who does not have adequate insurance to pay your costs. Many states makes this coverage mandatory for black car and limousine businesses.
Bodily Injury InsuranceThis coverage is optional in some states but is a good idea to have in the event your limo driver is at-fault in an accident. This coverage includes legal fees if your limo company is sued, as well as medical and rehabilitation bills.
Property Damage LiabilityProperty damage liability covers the cost of any property damage that you or your drivers cause while on the job. It also covers the costs of legal fees, up to the limits of your policy, if the person with damaged property takes you to court.
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What Type of Limousine Insurance Coverage Do I Need if I Hire Drivers?
If your company hires drivers, you will need to satisfy state regulations for limo insurance. Some of these regulations include requirements for bodily injury and property damage liability coverage, employment liability, and workers compensation. A Freeway Insurance agent who specializes in commercial vehicle insurance can provide information regarding the specific requirements in your state.
If you are a sole proprietor and drive your own vehicle, on the other hand, your limo insurance quotes will be different from those for someone who has a fleet of cars or vans.