What Insurance Companies Are Competitive For Livery

What Insurance Companies Are Competitive For Livery

When it comes to the business of transportation, one of the most important aspects of these businesses involves having the proper insurance coverage. For those who operate commercial limousine services, bus charter services, or have a fleet of vehicles for other purposes, having livery insurance makes sense in a number of ways. Because these businesses rely on dealing with a wide variety of people on a daily basis, it’s virtually inevitable that situations will happen that result in the need for livery insurance coverage. In order to know what insurance companies are competitive for livery, there are a number of factors to take into consideration.

Coverage Limits
When a business owner is attempting to decide on the proper livery insurance, one of the first things to take into consideration is coverage limits. Whether a business has only one limo or a multitude of vehicles, knowing what insurance companies are competitive for livery can provide coverage limits from $5 million up to as much as $20 million, ensuring any business can be protected in the event an incident happens.

A Variety of Services
For businesses that are in need of insurance, determining what insurance companies are competitive for livery involves knowing what services are available. Some of the most common services used by personal transportation businesses include:
–Bodily Injury and Property Damage
–Physical Damage
–General Liability
–Garage Liability
Within these different types of coverage, some of the key components include uninsured motorist coverage, underinsured motorist coverage, medical payments, and personal injury protection.

Knowledge and Experience
Perhaps most of all, knowing what insurance companies are competitive for livery includes working with an insurance broker who has the knowledge and experience needed in this specialized area of insurance. By doing so, an agent can talk with you about the specific needs of your business, then tailor a policy that ensures as much coverage as possible for numerous situations. In addition to this, the best agents are often independent, allowing them to work with a number of different companies in order to get the best deals for their customers.

Contact an Agent Today
In order to have a complete understanding of what insurance companies are competitive for livery, the best thing to do is contact a knowledgeable and experienced insurance agent. By doing so, you and your business can begin to discover the many aspects of livery insurance, all of which can help protect your business in the event an accident or other incident occurs.

Best regards,
Gary Hanson
Professional Insurance Strategies, LLC
2822 W. Northern Ave
Phoenix, AZ 85051
Mailing
3655 W. Anthem Way A109-283
Anthem, AZ 85086
ghanson@proinsgroup.com
602-481-0161
623-463-9001 Fax

Cab Insurance Arizona

Cab Insurance Arizona

Operating a taxi can be a great way to make money in Arizona. People are always in need of rides to bars, to the airport or wherever else they need to go. However, it is important that you have sufficient insurance if you want to operate a legal taxi company or drive your own taxi within the law.

Cab Insurance Arizona Requirements

If you are going to operate a taxi in the state of Arizona, you must carry $250,000 of primary commercial coverage in addition to $250,000 of uninsured motorist coverage. However, this is only during times in which you are actually transporting a paying customer. Proof of insurance must be carried at all times and presented upon request to anyone who asks for it.

Cab Insurance Arizona Requirements When Not Transporting Customers

If you are driving a taxi in the state of Arizona without any passengers inside, your insurance requirements are the same as any other driver. This means that you only have to carry $25,000 of general liability for a single person and $50,000 to cover two or more people hurt in an accident. Furthermore, you must carry $20,000 of coverage to pay for any property damage that may occur in an accident.

What Happens After an Accident?

In the event that you get into an accident while driving a cab, an investigation will be performed. You are responsible for presenting proof of insurance and meeting all other requirements to act as a taxi driver or operator. Your cab insurance Arizona provider is also required to provide any information that would help an investigation proceed. After an investigation is complete, one party will be deemed to have been at fault, and legal proceedings may take place if applicable.

What Happens if Your Commercial Insurance Policy Lapses?

If your insurance lapses, you must either get a new policy or stop operating as a taxi. Your insurance company may allow you to renew your coverage automatically or otherwise alert you to the fact that your policy will lapse well before it actually happens. This gives you ample time to ensure that your policy remains valid.

Whenever you operate a motor vehicle whether for private or commercial purposes, don’t forget to have adequate insurance. It will help you avoid financial and legal penalties that can harm your personal finances as well as your ability to make a living driving your car.

Best regards,
Gary Hanson
Professional Insurance Strategies, LLC
2822 W. Northern Ave
Phoenix, AZ 85051
Mailing
3655 W. Anthem Way A109-283
Anthem, AZ 85086
ghanson@proinsgroup.com
602-481-0161
623-463-9001 Fax


What Decides your Limo Insurance Premiums?

What decided your limo insurance premiums? While this subject is normally a complicated one to answer, Professional Insurance Strategies, LLC can answer almost anything on the spot, particularly when it pertains to livery vehicles insurance. The fact of the subject is, not a single thing decided your vehicles insurance premiums; it’s an array of several factors that,contribute,combined, to what you pay. Here is the point of common things that affect insurance premiums.

 

•Geographical Location: Location can play a part in determining  limo insurance premiums and it generally pertains to things like whether or not you’re in an urban area people and location population density. For instance limo insurance premiums for a livery production company operating in nevada, new mexico would certainly be cheaper than one operating in New York or the Greater Boston Area.

•Limousine class code: Limo Insurance carriers track at the class code of the vehicle as well. Commercial buses and trucks are at greater risks factor than limos, so their premium amount are normally the highest. Limos are generally more expensive car than sedans, due to their big size. Also, the amount of kilometers normally people traveled will also play a key role.

•Vehicle Driver: Limo drivers may key factor into what exactly premiums are, too. If limo drivers has a professional driving record or a spotty personal, then it may cause you to pay more for your limo insurance. Tickets, accidents, age and experience can all be taken under consideration.

•Loss ratio or total claim: Your company’s performance statistic over a three to five year period is referred to as your loss ratio. This ratio is calculated by total claims which are closed and open ratio to get the total losses incurred over this time period. The vehicle insurance company will total the paid premiums versus any incurred claims to get the loss ratio number.

If you have any more query or any concern your limo insurance, contact today Professional Insurance Strategies, LLC to get the information you’re looking for. We’ll do everything we can to solve your query to the best of our ability.

Gary Hanson

Professional Insurance Strategies, LLC

3519 E. Shea Blvd., Suite 120

Phoenix, AZ 85028

6708 W. Bethany Home Rd.

Glendale, AZ 85301

ghanson@proinsgroup.com

Phone: 602-481-0161

Fax: 623-551-6716

Limousine Insurance Service

If you own a limousine, either or not you operate a limousine hire business, you need a limousine insurance policy that understands the unique nature of limousines. So many insurance companies in United States will offer cover for limousines, but only a few of them really have the expertise on limo insurance field and offer a perfect policy that really suits the needs of limousine owners.

That’s where Professional Insurance Strategies, LLC can help, with more than 15 years experience and specialist in limo insurance. We can offer you a limo policy that’s truly tailored to your limousine, whether it is a majestic Lincoln Town Car, or a classic Mercedes Pullman, we can promise that you have appropriate cover in place.

We know that limousines are used in many different ways to ‘run of the mill’ cars, and our cover takes this into account, that means we can offer incredibly competitive premium amount, along with fanciful features including agreed valuation, laid up and limited mileage cover. It is also possible to arrange cover for left-hand drive models, and limo fleets are no problem at all. Basically average premium price of limousine depends on where you live in United States, the minimum amount of limousine insurance required by your state and the reason behind owning limousines. When a limo insurance company calculates the premium for any type of limo car, it takes into consideration many of the factors as commercial or auto insurance policies. Limo is never bog standard, and rates will be calculated absolutely individually and carefully.

In this Limo Insurance field Professional Insurance Strategies, LLC have years of experience providing top-quality, affordable limousine insurance throughout the Arizona, New Mexico, Nevada in United States.

Gray Hanson
Professional Insurance Strategies, LLC
3519 E. Shea Blvd., Suite 120
Phoenix, AZ 85028
ghanson@proinsgroup.com
602-481-0161
623-551-6716 Fax