Protect your company with a business owners policy from Tipton Hill Insurance
Shuttle businesses and business owners in passenger transportation industry have a lot of details to keep track of on a daily basis. We at Tipton Hill Insurance are committed to helping ensure that both passengers and operators have a safe and smooth ride. We work with multiple insurance carriers nationwide to provide the right insurance solutions for risk management in passenger transportation industry.
Whether you offer shuttle services in hospitality industry or operate a passenger transportation service yourself, the success of your business depends on your vehicle. Passenger Transportation Insurance is one of the most important investments you can make in your transportation business to make sure your business does not suffer financial hardships in the event of an accident involving your vehicle.
Things to Consider:
When considering options for your Passenger Transportation Insurance, a good start is to purchase Liability coverage and choose the appropriate limits. Selecting Liability protection allows you to choose between a single claim limit or split limit policy. Single claim limit coverage will pay for the damages from a covered accident up to a maximum dollar amount, per accident. Split limit coverage will allow you to choose separate maximum limits depending on the type of damage, property or bodily injury. Speak to one of our licensed representatives who can help you choose the best coverage option for your passenger transportation business.
Since Passenger Transportation Insurance does not cover all risks and exposures you may face as a transportation business owner, consider looking into Business Insurance, Commercial Auto, Commercial Liability, Commercial Umbrella, and Workers Compensation coverages.
Additional coverages you should consider as a transportation business owner include:
- Rental – If your vehicle is inoperable due to a covered loss, the insurance will pay for the rental of a transportation vehicle until yours is repaired or replaced.
- Towing – Expenses for towing away a transportation vehicle severely damaged due to a covered accident will be paid by insurance.
- Accessories – Additional equipment, including communication and navigation devices, will be covered by the policy if these accessories are damaged as a result of a covered accident.
Popular Coverage Options:
Bodily Injury Liability
If your transport vehicle is at fault in an accident, and one or more people are physically harmed, the policy will pay for the related expenses and bills, including medical care, hospital payments, and rehabilitation.
Property Damage Liability
In the event your transport vehicle is at fault of an accident where someone else’s vehicle or property is damaged, the policy will pay for repairs or replacement of the damaged vehicles or property.
Compared to Bodily Injury Liability coverage, which pays for the medical expenses of injured party if you are at fault in an accident, Medical Payments coverage protects the operator and the passengers in your transport vehicle. In the event your vehicle is involved in an accident and the operator or the passengers get injured, the policy will pay for the medical expenses arising from the accident.
Collision coverage offers protection for your vehicle if it collides with another vehicle or a physical object. Your collision protection will pay for the costs of repairs or replacement of your vehicle.
Comprehensive coverage protects your vehicle from accidents other than a collision. In the event of theft, vandalism, fire, or hail storm damages to your vehicle, the policy will pay for repairs or replacement of your transport vehicle.
Uninsured or Underinsured Motorist
Transportation industry vehicles must have Uninsured or Underinsured Motorist protection, because there are still drivers out there who do not carry liability coverage or who do not have enough insurance to cover the full extent of the damage if they are at fault in an accident.