Did you know that shuttle buses are more likely to get in an accident than other bus types? For this reason, shuttle bus insurance is an absolute necessity.
Shuttle buses are awkwardly shaped and prone to accident. Many blind spots cause hardship for the driver.
In addition to the likelihood of an accident, shuttle buses carry many passengers. Without insurance, accident claims for injury and property damage could bankrupt a business.
Here are 5 reasons why insurance is needed to operate a shuttle bus.
1) Shuttle Bus Used for Business Purposes
If you are operating a shuttle bus as part of your business, commercial insurance is required. The shuttle bus does not need to collect a fare from passengers to be considered a business asset.
The deciding factor is whether you are transporting clientele or employees. If it is operating routinely in this fashion, you need to get insurance quotes for the shuttle bus.
2) Limousine or Taxi Services
Above we covered a scenario in which a shuttle bus is used to carry clients or employees. However, what happens if you are operating the shuttle as a limousine or taxi?
In this case, you need to purchase commercial insurance. Carrying passengers is normal for private vehicles.
However, limousine or taxi services are a lot different than driving around family or friends. You need a different protection package to cover the risk of driving paying customers.
3) Travel Long Distances
Does your shuttle bus travel long distances? Perhaps you are transporting clients or hotel guests from San Francisco down to Los Angeles.
For long commutes, commercial insurance is a must. There is a liability risk involved with traveling far distances with large groups of people. Commercial insurance protects you from this risk.
4) Transporting Equipment or Supplies
Not all shuttles buses strictly carry passengers. In some cases, the shuttle buses are adapted to carry equipment or supplies.
The transportation of equipment or supplies means that commercial insurance is required. The insurance provides you with protection if critical equipment or supplies are damaged during an accident.
Consider that your vehicle crashes into water or catches on fire. Commercial insurance may cover the replacement of equipment or supplies that are irreparably damaged.
Theft is another factor that you must consider when transporting equipment or supplies. The insurance package may provide protection when big-ticket items are stolen out of your shuttle bus.
5) Shuttle Bus Ownership
Another indicator of the need for commercial insurance instead private auto is the ownership. If you have registered the vehicle to a business or corporation, this is a telltale sign that you need to obtain commercial insurance quotes.
Obviously, most companies are not in the business of buying private vehicles and paying for insurance. If you are using company funds to pay for a car, you need to purchase commercial insurance.
Shuttle Bus Insurance – Wrapping It Up
For the most part, shuttle buses are not for private use. In the majority of cases, shuttle buses are used to transport clients or equipment.
When transporting clients or equipment, commercial insurance is needed. If you are in the market for commercial insurance, please contact us for assistance!