The limousine has been a symbol of wealth and power since the early 1900s but it’s also a practical way to get around. If a group of executives is looking a night out on the town, a limo is the way to go. If you’re the owner or renter of a limousine, you should consider limo insurance.
Here are 3 things you need to think about when you’re shopping for limo insurance.
1. Know Your Clientele
When you’re servicing the kind of clientele that hires a limo service like yours, you need to think about personal liability. Your clients could be star athletes, actors, or models. One slight injury could throw off their entire career and you could be held responsible for it.
If you’ve got personal injury coverage, you’ll be able to make sure that any medical expenses or rehabilitation following an accident are covered. When you get personal liability, you don’t have to worry about being sued for millions in a no-fault accident. Your coverage will ensure that their expenses are paid.
No matter how famous they are, you’ll be safe.
2. Protect From Driver Failure
Drivers make mistakes all the time. However, some drivers are more negligent than others, putting passengers and other motorists in harm’s way with reckless behavior. Whether they’re simply a reckless driver or they happen to be under the influence, you need liability for them.
You also need employment practices liability in case anyone is accused of any kind of harassment. That will also protect you from any wrongful termination suits that stem from driver behavior. Your business was likely built from the ground up and the last thing you deserve is to have a lawsuit bring it all down.
3. Protect the Fleet
Your fleet of limousines needs to be protected. Limos are an expensive investment and the interior is just as important as the exterior.
Your clients will expect a certain level of luxury when they ride in your limos. They’ll expect everything to be in pristine shape and all the elements to function.
If you have a bad client who decides to try their hand at taking apart your refrigerator or burns holes in your seats, you need it fixed ASAP.
You also need your insurance to cover repairs in the case of a collision. Ordering parts for a limo could cost you an arm and a leg. If you drive an especially nice or vintage limo, you need to have enough coverage to ensure you won’t have to retire your most beloved car after an accident.
Limo Insurance is a Must For Owners
If you own a fleet of limos and rent them out to drivers or to clients, you need to keep them protected. The right limo insurance means you won’t have to worry about who is renting them or what could happen while they’re out for a weekend. Limo insurance means knowing that you’re covered.
If you want to know more about the different types of limo insurance available, check out our guide.