Whether you operate a school bus, limousine, or another transportation service, your business rests on well-functioning equipment and good relationships. Specialized insurance for passenger transport services can help your business stay on track if you hit a bump along the way.
What kind of insurance do passenger transport service providers need?
A solid track record is great, but even top drivers face risks when they’re on (and off) the road. Insurance for passenger transport services aims to protect your vehicles and your business’ bottom line with some key coverages as you serve your customers.
Even when your operations take place on asphalt instead of inside a building, there’s physical property to protect. If your tools or devices are damaged, lost, or stolen, you would rely on your commercial property insurance to help cover the repair or replacement costs.
When your business relies on your vehicles, commercial auto insurance is an important ally. It can cover injuries to drivers and passengers, costs for a replacement vehicle, and even lost wages that result from a covered accident.
Commercial general liability (CGL):
If a service you provide leads to bodily injury, property damage, or another type of loss to a third party, your business could be held legally liable. In these situations, a CGL policy can help cover your legal costs.
Has a loss forced you to suspend your operations? Business interruption insurance can replace a source of income that’s disrupted, reduced, or completely eliminated, plus it can cover additional operating expenses that result from a covered loss.
Other important coverages for passenger transport services include:
Directors & Officers
Not sure which coverages you may need and which you may not?
We’ve made it easy for passenger transport service providers by bundling the crucial coverages into a single policy!
When can insurance for passenger transport services come to your rescue?
If a collision, breakdown, or other mishap disrupts your trip, there’s a lot riding on your insurance coverage.
Your policy needs some key features that address the major risks passenger transport services face every day, starting with the following coverages.
Commercial general liability (CGL)
When a passenger’s problem is a problem for your business
If you have passengers going in and out of your vehicles often, you could be more prone to liability issues. Take for instance a school bus operator shuttling kids to and from their day camp. One rainy afternoon, a slew of dirty sneakers track mud over your front steps, and a camper slips and falls while getting off the bus. Now irate parents are threatening legal action – but your CGL coverage will help you with legal expenses if your business is found liable for the injury.
Auto fleet liability
Protect your vehicles when you’re not behind the wheel
Do employees or volunteers use your vehicles for business? As the business owner, you’re generally responsible for their negligence if they’re operating on behalf of your organization. Fortunately, auto fleet liability can cover your vehicles – and your business – if something were to go wrong while your staff is behind the wheel.
What about what’s inside your car, bus, or limo?
Imagine your specialty bus is outfitted with all the bells and whistles to transport wedding guests to the venue in style, but the revelers let loose en route, damaging the audio equipment and newly upholstered furnishings. You may be out a good deal of money, but a commercial property policy could help cover the cost of the damages, including repair or replacement.
What can a broker do for me?
An insurance broker can be your greatest asset when it comes to finding the right insurance policy. A broker brings a wealth of insurance expertise, product knowledge, and personalized service to the table, working to protect your company and your peace of mind.
Northbridge believes in the power of strong partnerships. Our preferred network of reputable brokers can help craft a comprehensive policy that’s suited to your unique business.
Risk management is a smart investment – and we provide it at no extra cost!
We know that the risks your passenger transport business faces are different than the risks affecting other service-based businesses. We also believe you can help defend against your unique set of risks with the right information and some smart guidance.
Our value-added services focus on helping you identify and mitigate the risks your business faces each day. An assessment of your vehicle safety, inspection routines, and best practice risk control measures can help uncover the inherent risks associated with the equipment you use and your daily tasks. In-person consultations carried out by experienced risk services professionals can leave you with the knowledge and confidence you need to protect every aspect of the business you’ve worked so hard to build.
Ready to get the right coverage for your passenger transport business?
To avoid disruption in your insurance coverage in the event of a possible Canada Post strike, we ask that you pay your premium using online banking or contact your broker about alternate payment methods.
For inquiries about any in-progress claims, please contact the adjuster handling your claim.