The best way to save on limousine insurance is to compare several agents at once. Fill out one easy form and we connect you with 3 limousine insurance agents who will compete for your policy. They offer your their best quote and you can choose the winner.
Why You Need the Best Limousine Insurance Agent Possible
Finding the right commercial insurance policy is a major component to running a solid limousine service. Limousine insurance protects your biggest assets as well as the stability of your business and the well-being of your passengers. Many business owners don’t expect to have to use an insurance policy, but accidents are more common than you might think. Limousine services face a variety of risks. The risks depend on the type of service you provide.
Unlike typical chauffeur jobs that spend a large amount of time idling in parking lots, airport pickup services are constantly on the road. The more you’re driving, the more likely you are to get into a wreck. That’s why airport limousine services are more expensive to insure than other types of pick-ups.
It should come as no surprise that party buses are hard to insure. There is nothing safe about a group of intoxicated people standing up in a moving vehicle. And while you have taken all the necessary safety precautions, many insurance agents are still hesitant to insure party buses for the simple fact that you will be transporting more than three passengers at a time.
The risks with stretch limousines depend on the layout of your vehicle. Limousines with banquette seating and no seatbelts are harder to insure. If your vehicle has two alternators and two batteries to power electronics in the passenger cab, you face an increased risk of fires.
The risks you face multiply if you run a large fleet. Not only do you have to insure multiple vehicles, but you also have to insure your place of business. Most insurance agents recommend getting general liability insurance and property insurance to protect against damage and accidents that can occur in your office. Garagekeepers insurance is also a must-have for businesses that store their vehicles on their own lot.
What Should a Limousine Insurance Policy Cover?
Other Vehicles – Every vehicle on the road must be covered with auto liability insurance. Limousines are no exception. If you get into an accident that causes damage to the property of someone else, you need a way to pay for it.
Your Vehicle – Limousines are expensive. If yours is in a crash, you need a way to pay for repairs or a replacement vehicle — your business relies on it. Physical Damage insurance pays for these sorts of things if anything happens to your limousine.
Your Driver – Depending on your state and the size of your business, you might be required to get workers compensation insurance for your drivers. This covers them if they are injured on the job.
Your Passengers – Your clients need to know they’re safe. When you get Medical Payments coverage, you can assure your passengers that should something happen their medical bills will be paid.
Your Garage – You may need garagekeepers coverage if you keep your limousines on your lot. If you do, ask your insurance agent for more information.
What to Look For in a Limousine Insurance Agent
1. Complete Coverage. Are there any glaring gaps in your policy? Every limo should be covered with a commercial automotive liability limit of at least $1,000,000. You should also consider physical damage protection and uninsured/underinsured motorist protection.
2. Quick Response Time. After an accident, is your insurance agent there to help? If you need quick changes made to your policy, can you get ahold of your agent? You want an agency that can be reached twenty-four hours a day, seven days a week.
3. Bundled Coverage. Does the agent offer all the coverages that you need? A lot of the time, all you need is just one agent to insure your entire business. Not only does this save time, but it reduces the average cost you pay for your policy.