What About Limo Insurance?
If you own and operate a limousine service, you must protect yourself and your clients with three different kinds of insurance
. First, you must carry commercial auto protection. Second, you must carry extra liability insurance, so that your passengers are protected no matter how silly and pout-of-control their celebrations render then. And, third, you must carry business insurance to protect your financial operations.Limo insurance for a sole proprietorship
If you run a one-person operation, working either from home or from a very small garage and managing most routine vehicle maintenance and detailing on your own, you want full-coverage limo insurance for your vehicle and your business. Vehicle coverage naturally will include more-than-adequate provisions for theft, collision, and uninsured motorists. Make sure your comprehensive coverage for theft-on-contents, because the more amenities you have loaded into your vehicle, the more you obviously have to replace. Depending on the age, make, and model of your vehicle, you may want to supplement your regular limo insurance with extended warranty or extra repair coverage. The premium on a repair policy costs considerably less than just the parts for a transmission replacement or the cost of replacing a blown head gasket.
Wherever you garage your vehicle, you want to insure the property against theft, vandalism, and fire; and, of course, you must carry enough cover that you could rebuild your business almost immediately in the wake of a serious accident or incident. You want similar coverage for your office space, protecting especially your business machines and hand-held communications tools.
Work with your agent to resolve significant issues: How will you protect yourself against your clients' occasional misconduct or malfeasance? Naturally, exceptional wear and tear on the vehicle just go with the territory, but you an your insurance agent must anticipate how many different kinds of incidents may develop with unruly passengers and how you may protect yourself against their bad behavior. And how will you protect your own health? Should you carry extra medical or disability coverage, because you may suffer serious injury in a collision? For that matter, you may wish to consult your agent about the wisdom of carrying extra life insurance, too. Very technically, the livery business does not number among the highest risk occupations, but it certainly carries more risk than sitting in a cubicle all day. How do you want to protect your family and your assets against the vagaries of battling traffic 24/7?
Limo insurance for a larger operation
As soon as you expand your business to include even one other driver, you must expand your limo insurance coverage to meet your expanded requirements. In order to control your insurance costs and limit your liability, your staff must be properly licensed and bonded, and of course your staff must have squeaky-clean driving records. In order to attract well-qualified, experienced staff, you may consider what kind of insurance protection will complement the other perquisites in the package you offer.
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