Livery Insurance

If you own a livery business, you know how important it is to have livery insurance. Livery insurance provides coverage for your vehicles and drivers while they are transporting passengers. It is important to have this type of insurance to protect you and your business in case of accidents or other incidents.

What is Livery Insurance?

Livery insurance is a type of insurance that provides coverage for vehicles and drivers that are used in a livery business. A livery business is any business that transports passengers for hire. This can include taxis, limousines, and other types of vehicles that are used for transportation.

There are different types of livery insurance policies available, depending on the type of business and the specific needs of the business owner. It is important to work with an insurance agent who specializes in livery insurance to find the right policy for your business.

Why Do You Need Livery Insurance?

If you own a livery business, you need livery insurance to protect you and your assets. Livery insurance provides coverage for accidents and other incidents that may occur while your vehicles and drivers are transporting passengers.

Without livery insurance, you could be liable for damages and injuries that result from accidents or other incidents involving your vehicles and drivers. This could put your business and personal assets at risk.

What Does Livery Insurance Cover?

Livery insurance typically covers the following:

Coverage
Description
Liability coverage
Covers damages and injuries that you are liable for as a result of accidents or other incidents involving your vehicles and drivers.
Collision coverage
Covers damages to your vehicles that result from collisions with other vehicles or objects.
Comprehensive coverage
Covers damages to your vehicles that result from non-collision incidents, such as theft, fire, or vandalism.
Uninsured/underinsured motorist coverage
Covers damages and injuries that result from accidents involving drivers who are uninsured or underinsured.
Medical payments coverage
Covers medical expenses for you and your passengers that result from accidents or other incidents involving your vehicles and drivers.

It is important to note that the specific coverage provided by livery insurance can vary depending on the policy and the insurance company. It is important to carefully review your policy to understand what is covered and what is not.

How Much Does Livery Insurance Cost?

The cost of livery insurance can vary depending on a number of factors, including the type of business, the number of vehicles, the driving records of the drivers, and the specific coverage options selected.

It is important to work with an insurance agent who specializes in livery insurance to get an accurate quote for your specific business.

How Can You Save Money on Livery Insurance?

Here are some ways to save money on livery insurance:

  • Bundle your insurance policies with one insurance company
  • Choose higher deductibles
  • Implement safety measures, such as installing GPS tracking and cameras in your vehicles
  • Encourage safe driving habits among your drivers

Conclusion

If you own a livery business, livery insurance is a must-have to protect you and your assets from accidents and other incidents involving your vehicles and drivers. Work with an insurance agent who specializes in livery insurance to find the best policy for your specific needs.