If you own a limousine service, then you owe it to yourself and your clients to have the right commercial auto insurance for your company. Insurance not only protects your vehicle against damages during an accident, theft, or other catastrophe but it also protects you and your customers from liabilities.Insurance Protects You and Your Clients
When an individual rents a limo for transportation to and from an event, they expect a certain level of service and protection. No consumer would jump into a limo chauffeured by a drunk driver and few consumers would jump into a limo that they knew was not insured because if one of their guests is injured either during an accident or a general mishap inside the limo, and the limo service is not insured, then the injured party may sue the individual who secured the limo. It's possible that after being sued the consumer may then decide to sue your limo company, which could eat up all of your assets and leave you without a business.
Insurance Attracts Customers
More consumers are becoming savvy in looking for limo services that have insurance coverage. The U.S. Department of Transportation has a Federal Motor Carrier Safety Administration website which can show consumers whether or not a particular limo service is insured. If a consumer uses this site to help narrow down his or her choice of limo companies, you could be out a client immediately if they don't see your company listed as insured. By carrying insurance not only do you protect your company assets, but you are more likely to snag that discerning and careful client.
Types of Insurance
There are many different types of insurance coverage that a limo service should consider including physical damage insurance, liability insurance, and insurance to protect the drivers. As with any insurance policy, you can adjust the policy limits and deductibles in order to create the most valuable policy along with the most affordable premium.
If you need insurance for your new limo service or want to compare rates for an existing Miami Auto Insurance policy, give us a call at Allstar Direct Insurance & Financial Services. We work with many of the top auto insurance carriers and can help you secure commercial limousine insurance that protects you, customers, and your business assets.
