Running a limousine or black car service can be a great way to make a living. However, running a business of this sort is not a risk-free endeavor. While driving passengers to and from their destinations may seem easy enough, there is plenty of room for things to go wrong. This is where limousine business insurance can come in to help.
What Is Limousine Business Insurance?
Limousine business insurance is a type of insurance coverage that helps to protect limousine business owners/drivers from the financial consequences of an incident. This type of insurance can cover crimes like theft and vandalism as well as liability issues involving you or your passengers.
Is Limousine Business Insurance The Same As Taxi Insurance?
When purchasing insurance, it can be easy to assume that taxi insurance can address all the needs of your limousine business. After all, both taxis and limousines are responsible for taking people to and from various locations. However, limousine businesses differ from taxis in a number of ways.
Taxis don’t follow a set schedule while limousine drivers generally schedule pre-arranged rides with specific pick-up and drop-off locations. In addition, limousine services typically use luxury vehicles that cost far more than your average taxi. These differences make the insurance needs of taxi and limousine businesses very different.
Running a limousine business comes with a certain amount of risk. Limousine business insurance can make all the difference.