Commercial Bus Insurance

Similar to auto insurance, commercial bus insurance can be broken up into several types of coverage. Due to the large size of a bus, it can cause extensive damages and injuries in an accident, so it is important to evaluate the appropriate limits on your coverage based on the potential costs of an accident.

• Liability Insurance: Liability is the most important coverage in your policy; it covers your company in case one of your buses is involved in an accident in which you or one of your hired bus drivers is at fault. Liability coverage has two parts. Bodily injury is portion of the liability policy covers the costs of medical care for a driver or passengers in another vehicle involved in the accident. Property damage is portion of the policy covers the costs of damage done to other vehicles or other people’s property.
• Collision Coverage: This insurance covers damage to your vehicle, regardless of who is at fault in the accident.
• Medical Payments Coverage: Pays for your medical expenses in the event of an accident, as well as those of your passengers. If any of your passengers do not have health insurance, or if anyone injured on the bus has high deductible health insurance, medical payments coverage can help cover the costs.
• Comprehensive Coverage: Comprehensive, or “other than collision” coverage, compensates you for loss due to things like vandalism fire, theft or damage from an object.
• Uninsured/Underinsured Motorists: Covers your accident costs if the driver at fault does not have sufficient insurance to pay for your damages.

Depending on how you use your bus, you may want to add additional riders or optional coverage types to your policy. For example if your passengers are children, you may want to protect your company financially if a driver or employee is accused of abuse or molestation. You can also consider excess liability coverage, known as an umbrella policy. Umbrella policies can dramatically increase your liability coverage limits to protect your business from liability claims that result in a lawsuit.

Taxi Insurance

Taxi insurance is specialized because as a taxi driver, you become explicitly responsible for the safety of passengers. It is important to get commercial taxi insurance that covers your vehicle against damage and theft, as well personal injury to you and your customers. Taxi cab insurance should also include a business interruption policy, because if your car is the only way that you earn money, and it breaks down, your income is at stake.

There are several requirements you have to meet to purchase a taxi insurance policy. You must be aged between 25 and 65, and you cannot have any convictions for vehicular manslaughter, possession of weapons or drug and alcohol problems. If you are eligible for taxicab insurance, there are various ways you can find savings and get discounts to make your coverage more affordable. One of our agents can help you compare taxi insurance quotes and make sure you get the right coverage for your needs.

Discounts Available for Taxi Insurance

When you look for online taxi insurance quotes, you may not see all of the available discounts. The price of your taxi insurance premium will vary depending on driving experience, personal circumstances and any extra coverage you need. Here are five questions you should think about that might help you lower your premiums:

• Have you owned a commercial auto in the past? Some taxi insurance companies will consider your experience using a business vehicle and offer you a discount on your premium.
• Are you a home owner? Taxi insurance companies may offer you a considerable discount if you own a house. Premiums are calculated on the risk you present to the insurers; the more reliable you are the less of a risk you will be to insure.
• Are you married? Married drivers can get cheaper taxi insurance for the same reason as home owners – they are statistically more responsible behind the wheel. Any detail that reduces your risk is worth disclosing to taxi insurance companies.
• Do you work as an executive driver or chauffeur? These are lower cost alternatives to driving a taxi. You will find that taxi cab insurance is more expensive than other commercial car insurance. Becoming an executive driver may be a viable alternative for you.
• Can you adjust the amount of commercial taxicab insurance you buy? Additional extras can easily add up. Just make sure you consider how much taxi insurance coverage you need to cover the risks you face.

If you are unsure about the amount of taxi insurance you need, talk with one of our agents about your options. We specialize in commercial auto insurance and can support all of your business insurance needs from one central office.

Limousine Insurance

Your limousine customers turn to you for reliable service, whether to get them to the airport or to transport their party guests around town. As long as you manage the demands of traffic congestion, flight delays and important customers, you will continue to be in business. When you have a problem with your limo, you need to be able to fix it quickly and be back on the road as soon as possible.

You also need to be covered if a serious incident leaves you and your drivers exposed to a large liability claim. All of these issues make it important to have the right limo insurance in place.

How to Save Money on Your Limo Insurance?

• Hire experienced and qualified drivers with an excellent driving record
• Maintain a good credit score
• Require all drivers take a safe driving course
• Find discounts you qualify for, such as claims-free discounts

How Is Limousine Insurance Different?

Limousine insurance companies offer commercial auto insurance that matches the specific needs of limo services. Because your business involves the transportation of people in your car, van or limo, you need coverage that protects your passengers and covers your risk for a liability claim. Your limo coverage may need to include:

• Personal Injury Limousine Insurance: Personal injury insurance will cover the cost of accidents and injuries involving your limousine. This coverage can include medical bills, rehabilitation, lost wages and even funeral expenses. It will typically also cover you for pedestrian accidents, regardless of who is at fault.
• Uninsured and Underinsured Coverage: Uninsured/underinsured motorists insurance is an important coverage to consider including in your limousine insurance quotes. This coverage protects you in the event you or one of your drivers is in an accident caused by a driver who does not have adequate coverage to pay your costs. Many states make this insurance mandatory for limousine operators.
• Employment Practices Liability Insurance: The limousine drivers for your car, van or limo should be covered by employment practice insurance. This type of insurance will protect your limousine company if one of your employees or chauffeurs accuses you of sexual harassment, discrimination or wrongful termination.
• Bodily Injury Insurance for Limousine Drivers: Whether or not your state requires bodily injury insurance, it is a good idea for your limo drivers to have this coverage in the event that they are at fault for an accident. The coverage will include legal fees if your limousine company is sued, as well as the more immediate medical and rehabilitation bills.
• Property Damage Liability: Your limousine insurance should include property damage liability to cover the cost of any property damage that you or your drivers cause while on the job. This portion of your policy will also cover the costs of legal fees, up to the limits of your policy, if the person with damaged property takes you to court.

Tow Truck Insurance

There are many reasons why people purchase tow trucks. Garage services often have towing vehicles, unless they subcontract their towing service. Some truck owners work as independent contractors, some have a fleet of trucks and run a towing business, and some purchase them to tow their commercial vehicles if roadside assistance is needed. If you own a tow truck or are considering purchasing one, tow truck insurance is a necessary purchase. Commercial Tow Truck Drivers Face Many Hazards, for instance:

• The National Highway Traffic Safety Administration (NHTSA) reports that tow truck drivers face occupational injuries and fatalities at twice the national average.
• The most common injuries are caused by being hit by other cars on the road.
• Operators can be injured by jagged edges and broken glass when loading wrecked cars for towing.
• Tow trucks are most frequently called into service on days that weather conditions make driving conditions hazardous.
• Drivers who work in the impound or repossession industry have special risks, such as confrontations with vehicle owners.

What Is Tow Truck Insurance? As a tow truck owner, you face some of the same concerns as owners of other commercial vehicles, as well as some unique risks. Tow truck insurance companies understand these risks and provide wrecker insurance policies that include several different coverage options. With these options, you can build a policy that will adequately meet your distinctive needs.

Commercial tow truck owners and operators are required by law to carry liability insurance. Because you are also responsible for the well-being of your drivers, customers and the vehicles that you are towing, you’ll need several additional types of coverage on board. Be sure to work with a knowledgeable independent agent at InsureMart Inc specializing in commercial vehicle insurance who can customize a policy to your needs. Coverage options include:

• Tow Truck Liability Insurance: This includes liability coverage for bodily injury and property damage you or your drivers may cause. Minimum liability coverage amounts are mandated by your state’s laws. Tow truck drivers may be held liable under several circumstances. If they are at fault in an accident, if they damage a car they are towing, if they cause injury to a passenger in their vehicle, or if they damage to another vehicle on the roadway, This coverage will also provide compensation for legal fees and court costs if you are sued for a covered liability claim.
• Medical Payments Insurance: This insurance option provides coverage for medical payments incurred if you, your driver or any passengers are injured due to an accident while in your tow truck. This is particularly important as tow truck drivers often provide rides for the owners of the vehicles they are towing.
• Physical Damage Insurance: This is coverage helps when your truck is damaged, regardless of fault. This type of insurance is usually required by lenders if you have financed the purchase of your truck.
• Comprehensive Coverage: Comprehensive coverage provides “other than collision” coverage, and includes damage caused by objects, natural disasters, fire, theft and vandalism.
• Uninsured or Underinsured Motorist Insurance: This coverage provides compensation if you are involved in a collision where the other driver is at fault and that driver does not carry enough insurance to cover your property damage or medical expenses. This type of insurance will also cover a collision with a hit-and-run driver.
• Garage Service Insurance: Optional garage liability insurance is designed specifically for businesses that offer towing services or service stations. It provides coverage for any damages that may be sustained by a vehicle in service while it is parked or being stored in a covered location. These damages can include those caused by fire, theft, vandalism or even collisions.
• On-Hook Towing Insurance: This coverage is designed specifically for tow truck operators. It will pay for repair or replacement costs if any vehicle you do not own is damaged while you are towing it. This includes damages sustained from collision, fire, theft, explosion, or vandalism.

In each of these cases the amount of compensation you will receive when you file a claim will depend on the amount of coverage you buy. It is important to evaluate your liability risks and the amount of coverage you need to protect your towing vehicles and your assets.

Unfortunately, in our litigious society, liability claims can quickly turn into lawsuits, especially if someone is badly injured. If you feel that the available liability limits are not enough to protect from potentially devastating legal costs, you may want to consider purchasing an umbrella liability policy to increase your liability coverage to $1 million or more.

Construction Vehicle Insurance

Large commercial construction companies operate cranes, boom trucks, backhoes and other large pieces of equipment that are imperative to completion of both small and large jobs; without construction vehicle insurance, you’re exposing your employees to dangers while traveling from site to site as well as possible accidents that could occur while operating equipment on the jobs.

• Heavy Equipment Hauler Insurance Transport of heavy equipment can be a daunting task for anyone, and not having the proper Heavy Equipment Hauler Insurance can make the job that much more difficult. Be sure that you are properly covered by working with Insuremart Inc. today)
• Garbage Truck Insurance Whether you operate a consumer garbage pickup business or you own garbage trucks as part of a construction cleanup business, your company cannot afford to lose those trucks in an auto accident. Even repairing damages from an accident can run into the tens of thousands of dollars range, and this could create a heavy financial strain on your company. If garbage trucks are a big asset in your company, make sure to protect them as fully as possible with Garbage Truck Insurance from Insuremart Inc.
• Delivery Vehicle Insurance If your job requires you to make deliveries or perform other errands, commercial auto insurance can be an excellent option. It provides you with profession-related liability coverage you need that’s not covered by standard personal auto insurance.
• Food Vendor Truck Insurance A Food Vendor Truck Insurance policy from Insuremart will cover just about any vehicle your restaurant uses. Cupcake truck, Company-owned catering van – we can cover them all! We can even cover vehicles not owned by the restaurant, but used in its operation.
• Dump Truck Insurance A basic commercial dump truck insurance policy will provide the mandatory coverage required to operate these commercial vehicles. This includes the minimum bodily injury and property damage liability coverage amounts required by state law. There are a number of endorsements available to expand this insurance policy to cover your unique needs

Household Movers Insurance

InsureMart Inc. understands the specialized auto and cargo requirements for this type of operation. Liability and physical damage coverage for vehicles is written on industry-standard forms and enhanced by independent program coverages. We provide specialized coverage for the storage of household goods. Coverage for the warehouse operation is based on the types of property stored, the size of the warehouse facility and the density of storage. This combination of coverages makes our Household Movers Policies unique and more fitted to each carrier.We offer Primary Liability, Physical Damage, Cargo, and Commercial General Liability for Household Movers.

There is a lot at stake when you move furniture for your clients. While most moves do go smoothly, accidents do happen and some items may be lost or damaged during the move.

You as a household goods mover are liable for the loss of the value of the goods during the shipment. At Insuremart Inc. we offer broad range of coverages for you to choose from so you can rest assured that your business and customers are properly covered!

There are different levels of Primary Liability you can choose from. Also several options for Cargo Coverage. Under Federal Law interstate movers are required to offer 2 different cargo options (1) full value protection or (2) released value protection.

Obviously full value protection is the best protection you can purchase for your truck operation. This option protects your clients at the very best. Under full value protection, cargo insurance policy entitles the customer to have replacement value on the loss, or damage of the goods while in the custody of the carrier. This is the most comprehensive plan for cargo coverage available for your protection.

Under the alternative option known as released value protection, the mover may become liable for loss or damage and may incur a sizeable deductible.

So, Household goods movers, don’t go it alone without purchasing full value cargo protection for your household moving truck operation. You will be much more satisfied if a claim occurs while hauling household goods for a customer and much more satisfied for yourself in knowing you and your customers are protected.