Here’s What You Need to Know:
Whether you operate a limousine, shuttle bus or taxi, you’ve probably invested a substantial amount of time, money and effort towards presenting an appealing product to your customers. From keeping your fleet clean inside & out and training professional, uniformed drivers to creating eye catching marketing materials — your polished image helps attract business and gives people a positive opinion of your brand.
In the livery industry, image is essential…but it’s not everything.
Sustaining the professional image you’ve worked hard to create means having the service, resources and safety net to back it up. It means delivering impeccable service, handling conflict resolution with grace, and remembering that satisfied customers are your biggest advantage. It also means protecting your reputation and the livelihood of your business by selecting the right insurance coverages, and working with a reputable livery insurance broker who understands the unique demands of your business.
It’s not enough to just look like a sound, well-grounded professional — you actually have to be that reliable provider.
So, you understand that you need the right insurance coverage, but where do you start?
There are a limited number of limousine insurance brokers, but that doesn’t mean they’re all specialists in their field. Established and respected providers offer unique industry insight and have developed specialized programs for hundreds of businesses just like yours. They can help keep your premiums low, ensure you have adequate coverage and identify ways you can save now and in the future. In addition, you can have peace of mind knowing that they are equipped to assist you with any insurance claims or questions.
Insurance Carriers vs. Brokers
In the livery business, as in the insurance business — competition keeps costs competitive. Working with a livery insurance broker allows you to compare rates from different carriers and keep your operating costs low. So, you can enjoy the right coverage and the right price.
What Types of Coverage Do You Really Need?
The needs of a large limo transportation company will differ greatly from those of an owner operator taxi service. Working with an experienced limousine insurance broker will help you identify those unique requirements. Coverages such as Workers Compensation, Employment Practices Liability, and General Liability are extremely important to consider for all providers. They will help protect your business investment and livelihood when you really need it most.
Keeping Costs Low
Most limousine companies and transportation providers ask, “How can I keep my insurance costs low?” Skimping on insurance coverage is never the solution, as it can cost you in the long run and even put you out of business. However, there are a few things you can do.
- Hire & Train Qualified Drivers – Choosing the right professionals presents the best image to your customers and it can keep your premiums low and reduce your chances of an accident.
- Keep Your Insurance Provider Abreast of Any Changes – Changes in fleet vehicles or new drivers need to be reported right away. If they are not, and there is an accident, your insurance carrier may significantly reduce or deny coverage.
- Properly Maintain Your Fleet – A well maintained fleet is less of a liability, so insurance carriers are more likely to give you preferred rates if you operate vehicles that are in good condition and are routinely serviced.
- Choose an Experienced Livery Insurance Broker – A broker that has in-depth experience working with your industry is better equipped to assess risk, calculate the appropriate coverage to meet the growing demands of your business, and anticipate any industry changes that may affect your insurance requirements.
Create a professional image and excellent reputation — working with the right insurance provider can help get you there.