Transporting people is an immense responsibility, and clients rely on livery drivers to get them to their destination in a safe manner. Even the best driver can get in an accident, though. This is why it’s important to protect not only your clients, but also your business and assets with a livery insurance policy. Livery insurance is a type of commercial auto insurance for businesses that generate revenue transporting people.
Types of Livery Insurance
The most common types of for-hire livery insurance are:
Taxis transport passengers to their chosen destinations via taxi cab. Taxis typically operate in large cities and at airports, and earn a fare depending on the length of the taxi ride. Traditional taxis typically do not offer pre-arranged transportation.
Black car and limo services provide pre-arranged luxury transportation with specific pick up and drop off locations.
People who use their vehicles to transport people for a Transportation Network Company (TNC) such as Uber or Lyft need special protection beyond basic auto insurance.