Whether you offer shuttle services in the hospitality industry or operate a passenger transportation service yourself, the success of your business depends on your vehicle. Passenger Transportation Insurance is one of the most important investments you can make in your business to make sure you do not suffer financial hardships in the event of an accident involving your vehicle.
Because the passenger transportation business is so unique, it requires customized coverage to ensure your employees and your clients are protected. Team Insurance offers a wide range of insurance options that can be customized with a variety of endorsements to deliver the best coverage for your specific needs. We can find the right policy to protect you and your passengers from hazards you may encounter on the road.
Types of Passenger Transportation Insurance:
Whether you are transporting passengers around town or a corporate executive to the airport, hotel, or appointment, it is essential to have the right Passenger Transportation Insurance for your limousine. Many distractions on the road can cause a dangerous situation, and you need to make sure you, your passengers, and your vehicle are protected in the event of an accident. Independent agents at Team Insurance will deliver Commercial Auto Insurance that matches your specific needs.
Party Bus Insurance
Party buses can turn any event into something special. That’s why you need comprehensive party bus insurance to safeguard your business operations. Often, this type of insurance goes hand in hand with limousine insurance. While it is difficult to find a company that can give you a quote on party bus insurance, Team Insurance can find you the right coverage for your budget, regardless of your fleet size. We work with multiple commercial auto insurance carries nationwide that specialize in Passenger Transportation Insurance.
Taxi insurance coverage is specifically designed to meet the needs of taxi drivers, their passengers, and their vehicles. The insurance requirements may vary by city/state, vehicle age, or driving record. Since there are many nuances you as a taxi owner have to meet, it is best to select the insurance policy that will fit your desired budget while providing adequate protection against unforeseen events. Our licensed agents at Team Insurance can help you choose the policy tailored to your specific needs.
Charter Bus Insurance
If you run a business that involves using buses for passenger transportation, you will need specialized insurance to protect your vehicles, drivers, and passengers in the event of an accident. Purchasing commercial bus insurance is necessary regardless of the type of company you run. Some of the important coverages to consider include Commercial Liability, Commercial Property, Commercial Umbrella, and Workers Compensation insurance policies. Our experienced professionals at Team Insurance will help you combine the necessary coverages in a comprehensive insurance policy.
Airport Shuttle Insurance
Passengers are often transported between the airport and a hotel by shuttle buses or vans. Hotels often provide their own shuttles to and from the airport, but private businesses can also offer similar services. If you are a business owner of airport shuttle buses, your vehicles are a critical component of the success of your company. That is why finding the right Airport Shuttle Insurance is important to protect your investments. Our independent agents will be happy to assess the needs of your business and explain the risks to give you the best insurance quote.
Anyone who drives for ridesharing companies, such as Lyft or Uber, should be aware of the insurance risks associated with passenger transportation. Usually, companies provide coverage for when the driver is transporting the client, but that coverage might be limited, leaving gaps and vulnerabilities. Moreover, when you drive your vehicle for ridesharing purposes, your personal Auto Insurance policy does not provide coverage in the event of an accident, so considering an appropriate Commercial Auto Insurance policy is important. Speak to our representative to learn more about Rideshare Insurance coverage for your business.
Non-Emergency Medical Transportation Insurance
Millions of Americans rely on non-emergency medical transportation services, whether they are suffering from a disability, old age, chronic illness, or economic hardships. Professionals operating the NEMT vehicles are at risk of personal injury when driving or when assisting patients. Moreover, in every state there are different requirements for NEMT vehicle coverage. It is common for large medical transportation service providers to offer coverage, yet it is not thorough protection and might leave you vulnerable to insurance risks. Consult our licensed agents at Team Insurance who can find a comprehensive policy for your NEMT service.
Things to Consider:
When considering options for your Passenger Transportation Insurance, a good start is to purchase Liability coverage and choose the appropriate limits. Selecting Liability protection allows you to choose between a single claim limit or a split limit policy. Single claim limit coverage will pay for the damages from a covered accident up to a maximum dollar amount, per accident. Split limit coverage will allow you to choose separate maximum limits depending on the type of damage, property or bodily injury. Speak to one of our licensed representatives who can help you choose the best coverage option for your passenger transportation business.
Since Passenger Transportation Insurance does not cover all risks and exposures you may face as a transportation business owner, consider looking into Business Insurance, Commercial Auto, Commercial Liability, Commercial Umbrella, and Workers Compensation coverages.
Additional coverages you should consider as a transportation business owner include:
- Rental – If your vehicle is inoperable due to a covered loss, the insurance will pay for the rental of a transportation vehicle until yours is repaired or replaced.
- Towing – Expenses for towing away a transportation vehicle severely damaged due to a covered accident will be paid by insurance.
- Accessories – Additional equipment, including communication and navigation devices, will be covered by the policy if these accessories are damaged as a result of a covered accident.
Popular Coverage Options:
Bodily Injury Liability
If your transport vehicle is at fault in an accident, and one or more people are physically harmed, the policy will pay for the related expenses and bills, including medical care, hospital payments, and rehabilitation.
Property Damage Liability
In the event your transport vehicle is at fault of an accident where someone else’s vehicle or property is damaged, the policy will pay for repairs or replacement of the damaged vehicles or property.
Compared to Bodily Injury Liability coverage, which pays for the medical expenses of injured party if you are at fault in an accident, Medical Payments coverage protects the operator and the passengers in your transport vehicle. In the event your vehicle is involved in an accident and the operator or the passengers get injured, the policy will pay for the medical expenses arising from the accident.
Collision coverage offers protection for your vehicle if it collides with another vehicle or a physical object. Your collision protection will pay for the costs of repairs or replacement of your vehicle.
Comprehensive coverage protects your vehicle from accidents other than a collision. In the event of theft, vandalism, fire, or hail storm damages to your vehicle, the policy will pay for repairs or replacement of your transport vehicle.
Uninsured or Underinsured Motorist
Transportation industry vehicles must have Uninsured or Underinsured Motorist protection because there are still drivers out there who do not carry liability coverage or who do not have enough insurance to cover the full extent of the damage if they are at fault in an accident.
In the event of an accident that exceeds the limits of your liability insurance, a Commercial Umbrella policy will extend the coverage limits.
If your passenger transportation business involves hiring employees to operate your vehicles, Workers Compensation insurance is essential to protect your company in the event of an employee injury on the job.