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Limousine Drivers Need to Be Completely Covered with Insurance
Whether you’re a driver of a single limousine or you’re a business owner with an entire fleet of vehicles, you need commercial insurance for your limousines. There are four main types of accidents when it comes to driving a limousine. They are:
- Hitting a Parked Car
- Multi-vehicle Collisions
Limousine driver insurance protects you against all these types of accidents and more. When you or one of your hired chauffeurs are in an accident, you don’t want to have to pay for damages. That sort of sudden financial loss could sink your business.
What Coverages a Limousine Driver Needs
Automotive Liability Insurance – When you or one of your chauffeurs are at fault in an accident, it’s your responsibility to pay for damages to the wronged party. Automotive liability insurance takes care of that for you. It comes with two parts
Bodily Injury – This part pays for medical bills related to an automotive collision
Property Damage – This part pays for repairs to other vehicles or property.
Physical Damage Insurance – While Automotive Liability Insurance pays for damage done to other vehicles, Physical Damage Insurance pays for damage done to your limousine when your driver is at fault. It has two optional components
Collision Coverage – Pays for damage that is the result of an auto collision
Comprehensive Coverage – Pays for damage that is the result of things other than collision. This includes vandalism, theft, fire, or weather damage.
Uninsured and Underinsured Motorist Protection – This coverage protects your drivers and your vehicles when they’re hit by someone who isn’t insured.
Medical Payments Insurance – This coverage protects your clients. If your passengers are hurt during an accident, this pays for any related hospital bills.
How Businesses with Multiple Drivers Can Save on Insurance
If you’re a single driver, all you have to do to reduce your insurance costs is to say safe. You have to keep yourself responsible. But if you’re a business owner, how can you reduce risk when you aren’t the one behind the wheel? In addition to heavily vetting your drivers to begin with, a good first step is to set up a driver training program. This program should include the following:
- Company rules & policies
- Daily vehicle inspection procedure
- Equipment familiarization
- Emergency procedures
- Accident reporting procedures
- Servicing or handling of passengers
Oftentimes, when an insurance company sees that you’re proactively trying to reduce risk within your company, they will offer you discounts on insurance. What’s more, a clean driving record will help you with potential clients. It’s a win-win
Other Ways Drivers can Save on Limousine Insurance
The second best way to reduce the cost of your insurance, after driving safe, is to shop multiple policies at once. If you look at quotes from at least three limousine insurance agents, you will have a better understanding of what your best price looks like. That’s where we can help. Just fill out our one form and we’ll connect you with three agents who’ll compete for your insurance.