Insurance for Your Limo Service

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.

Common Types of Commercial Vehicles Insured

If you own a business and have a vehicle that you use for or within that business, then you must consider the purchase of a commercial auto insurance policy in order to protect your business from the financial losses associated with a damaged commercial vehicle.

Many business owners aren’t sure what they should consider a vehicle and what they should consider equipment when it comes time to get the proper insurance coverage. Here is a brief guide to give you an idea about how to differentiate.

Vehicles by Ownership Status

You can insure a commercial vehicle that you hold the title for, but you don’t need to own a vehicle in full before you add it to your commercial auto policy. You can insure leased vehicles, hired or rented vehicles and in some cases, even vehicles that you borrowed for the purpose of your business.

Types of Vehicles

There is almost no limit to the kinds of vehicles you can insure under your commercial vehicle policy. Here is a list of some of the most common vehicles insured:

• Private passenger vehicles. As long as the automobile is used for business purposes, a private passenger vehicle can be covered.
• Delivery vehicles. This might include vans, trucks, cars, motorcycles—even scooters.
• Trucks. If your business uses dump trucks, panel trucks, tow trucks, or any other type of industrial truck it can go on your policy.  
• Trailers. Trailers are considered vehicles and can be covered on a commercial auto policy.
• Buses. Whether you use the bus for private charters or daily passenger transportation, you can protect it with your commercial vehicle policy.  
• Some earth moving equipment. Not all earthmoving equipment qualifies for coverage under a commercial auto policy.

Click to read full story about the vehicles that are not covered and the different types of coverages.

Call us at 855-754-7414 to get a free Florida business & commercial insurance quote.