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5 Types of California Limo Insurance Every Company Needs

5 Types of California Limo Insurance Every Company Needs
December 31, 2018 OTTIS Blog
california limo insurance

Being a limousine driver in California means opportunity for an exciting, lucrative career.

California employs more than 13,000 taxi and limo drivers. Los Angeles is home to over 5,000 drivers alone. Those drivers average a salary of at least $31,000.

And there’s a high chance of earning more, especially if you’re in a prosperous area of town. Of the 1,000 or so who work for the motion picture business, they report a salary of $57,400. That doesn’t include priceless interactions with the powerful people of the world.

Do you own or operate a limousine business in thrilling California? If so, passenger carriers must provide proof of one or more types of insurance coverage.

Are you protecting your employees? Other property and civilians? Your business and livelihood?

Here are five types of California limo insurance to consider today.

1. Primary Liability

The California Public Utilities Commission states that all carriers must have Primary Liability coverage.

This is the most basic and all-encompassing insurance a limo operator needs. This protects any damage done by you or your drivers to other people or property.

2. General Liability

This blanket insurance protects businesses in many ways:

  • Covers cost of legal defenses
  • Covers punitive damage, compensatory damages, and nonmonetary losses
  • Covers legal claims such as libel, false advertising, copyright infringement, slander
  • Protects your assets

As a tenant, it also offers protection if you cause damage to a piece of property that you’re renting.

3. Physical Damage Coverage

This protection plan is also called Comprehensive and Collision.

Comprehensive insurance protects your limousine from damage due to fires or vandalism. It financially protects you from something as small as windshield damage to as large as theft.

The Collision coverage protection plan is specific to your vehicle and company. This is a way to safeguard your investments, whether an accident was your company’s fault or not.

4. Workers’ Compensation

The CPUC also requires that a carrier business that employs others must provide proof of Workers’ Compensation.

Workers’ comp is especially necessary if one of your employees gets injured on the job. It offers replacement of wages lost and helps with any medical costs.

Accidents happen. Stay prepared.

5. Uninsured Motorist Coverage

Uninsured, or underinsured, motorist coverage protects you when the guilty party can’t pay for their damages.

If your limousine is in an accident that wasn’t your fault, you’d want the other person to be liable. But some people without insurance, or with weak insurance, may not be able to come forward with that money.

This insurance covers physical property damage and/or medical bills that occur at the fault of an uninsured motorist.

How Much Does California Limo Insurance Cost?

This depends on many factors, some of which are:

  • The area your business operates in
  • How many vehicles you’re insuring, and what make or model
  • How many employees you’re insuring
  • Driving history
  • Your expertise/experience

An owner with a fleet of limos and many employees can expect to pay a lot more in insurance premiums than say, an independent owner that doesn’t leave a small area of town.

Ensure Your Future by Insuring Today

If you’re running a limo business, you need California limo insurance.

Here’s what to look for in a professional transportation insurance company!

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