If you are the owner of a limousine transportation business, you already know how important it is to safeguard your investment. This is why JMG Insurance Agency provides business owners with comprehensive limo insurance policies.
What Limo Insurance Covers
Limo coverage can be customized to meet the unique needs of a business. Coverage may include personal injury insurance, uninsured or underinsured coverage, employment practices liability, bodily injury insurance, and property damage liability.
When applying, you will need to provide certain information and documentation. This may include the vehicle’s:
- Make and model
- Overall condition
Depending on these factors, the coverage needed for limo insurance can vary. The locality in which the limo will be operating can mean for additional, or less coverage. These policies are designed to protect the driver, rider and vehicle as a whole, offering security all along the way. When having the proper limo insurance in place, all parties involved can rest assured knowing they are protected to the fullest.
Coverage & Deductibles
Depending on the state in which you operate your limo business, you may be required to meet other requirements when applying. Keep in mind that it may be necessary to carry higher limits than the minimum coverage limits, and that deductibles can vary. Limo insurance acts as a sort of commercial auto insurance, and includes areas of specific coverage. These areas include:
Personal Injury Insurance
Within a limo insurance policy, policyholders will find a personal injury insurance portion. This portion of the insurance policy will help to cover accidents and injuries that involve your limo. The coverage will protect and help cover medical bills, rehabilitation, lost wages and even funeral expenses if the third-party were to perish.
Uninsured/Underinsured Motorist Coverage
If you or your drivers are in an accident that involves another person with little or no insurance, it’s vital to be covered. Uninsured and underinsured motorist coverage will help in covering your limo, and aid in paying fees that the involved party cannot afford.
Medical fees from bodily injury have the potential to be exponential. Having a bodily injury insurance policy in place can be helpful in paying these costly fees. If the driver is at fault in the accident, this coverage will help to pay legal fees if the accident results in a lawsuit, and any medical or rehabilitation fees necessary.
The property damage liability portion of limo insurance helps to cover costly damage fees. This damage can be the result of any property damage, whether it be the result of a third party or your driver, while out on the job. Property damage liability will also help to cover legal fees if the company is brought to court due to the damage.
Request An Insurance Quote
When purchasing insurance for your limo transportation business, it is essential to work with an agent who understands the nuances of the limousine industry. JMG Insurance Agency has worked with countless businesses in this field and provides quality service you can trust. Contact JMG Insurance Agency today by phone at 1-844-304-7332 or request a quote online.