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


SIX Things You Should Know About Buying Auto Insurance

1. How is Your Insurance price Determined?
There are two factors which determine what you pay for Auto Insurance Policy. The 1st factor is underwriting and the 2nd factor is rating. Insurance agencies and companies underwrite to assess the risk factor associated with insurance holder, group with other similar risks factor and decide if the insurance provider will accept the application.

2. Specific Factors that Affect Your insurance premium.
● Previous Driving record – drivers with previous accidents or are violations considered to be higher risk factor
● Geographic territory – urban areas have more insurance claims than rural areas
● Gender and age – Scenario says that males have more accidents; certain age(20-45) groups have more claims
● Marital status – married people show lower rates of insurance claims
● Previous insurance coverage – if you have been cancelled for non-payment of premiums
● Vehicle use – higher annual mileage results in higher vulnerable to risk
● Make and model of your vehicle – sports and luxury cars average a higher number of insurance claims

3. Check Into Optional insurance Coverage
The most commonly encountered insurance coverage’s, in addition to the basic liability package, are collision coverage’s and comprehensive coverage. Collision package benefit pays for physical damage to your car as a result of your vehicle colliding with an object such as a tree, house or another vehicle. This is expensive coverage and is not required by any Auto insurance law. Comprehensive insurance coverage pays for damage to your vehicle from almost all other causes, including fire, vandalism, severe weather, theft and floods. This coverage will also cover windshield damage and broken glass. Comprehensive insurance coverage is less expensive than collision insurance coverage.

4. Shop Around Before You Buy auto insurance
When shopping for vehicle insurance, quotations, premium are a useful tool for comparison of companies’ products. When asking for declaration, it is important that you provide the as it is same and true information to your agent or company. The agent will normally request the following information: description of your car, car use period, driver’s license number, number of drivers in your household, the limits and coverage’s you want.

5. For Your Protection
Once you have selected your need and an insurance agent or a good company, there are some steps you can take to make certain you get your money’s worth. Before signing an insurance application call your state insurance authorities or department and verify that the company entity and the insurance agent are licensed to do business in your state or your area. It is absolutely illegal for unlicensed insurers to sell insurance, and if you purchase insurance from an unlicensed insurer, you have no guarantee at all that the insurance coverage you pay for will ever be honored.

6. Read Your Policy documents
You should be know that a vehicle insurance policy is a legal contract. When you purchase vehicle insurance, you will receive a policy documents. You should read that policy documents and make certain you understand its contents and details. If you have questions or doubt about your insurance policy wording, then your insurance agent or company is responsible for clarification. If you still have questions, and not satisfied with the answer then you can turn to your state insurance department.
So insure your vehicle and stay happy.
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