Adot Uber Changes-Phoenix Arizona, Houston Texas, San Diego CA

In recent years, the rapid ascent of Uber and Lyft has angered professional taxi drivers across the country, making them feel as if Uber and Lyft drivers have had unfair advantages due to a lack of regulations at the state and national levels.  However, as more complaints have poured in over recent months, one state that has taken action is Arizona.  The state’s Department of Transportation recently implemented numerous changes in the insurance requirements for Uber and Lyft drivers, with many of the drivers voicing their displeasure with the ADOT Uber changes.

Financial Responsibilities
What has set Uber and Lyft drivers apart from professional taxi drivers has been the large gap in financial responsibilities placed on the drivers.  As of July 3, 2015 those responsibilities changed dramatically, with the ADOT Uber changes making sure the playing field is level for everyone in the industry.  As of that date, Uber and Lyft drivers operating vehicles seating no more than eight passengers will be required to carry motor vehicle liability policies containing minimum coverage as well as uninsured motorist coverage in the amount of $250,000.

Software Applications
Because Uber and Lyft drivers rely on computer software to link up with those needing rides, insurance coverage will be critical when they are logged into their business software.  When a driver is logged into the software and actively available to provide transportation to customers, they are now required to maintain commercial coverage amounts of $25,000/$50,000/$20,000 as well as uninsured motorist insurance of $250,000.

Other ADOT Uber Changes
To make sure the insurance requirements are being met by Uber and Lyft drivers, ADOT has slightly changed the way it will conduct inspections of vehicles.  Random inspections and audits will be conducted every three years, rather than annually.  While seen by some as less stringent, others view it as a positive step toward getting Uber and Lyft drivers in line with more traditional taxi drivers and companies.  Working with insurance companies, other ADOT Uber changes include the provision that a motor vehicle insurance policy which has been in effect for at least 60 days may not be cancelled unless the person named on the policy is covered by a motor vehicle liability policy from another insurer.

While some Uber and Lyft drivers may object to these changes, taxi drivers working for traditional companies see the changes as a positive step in the right direction.  As more and more customers look to Uber and Lyft for rides, other changes may be necessary in the years ahead.

Best regards,

 Gary Hanson

Professional Insurance Strategies, LLC

6708 W. Bethany Home Rd

Glendale, AZ 85301

 

ghanson@proinsgroup.com

602-481-0161

623-551-6716 Fax

Cab Insurance Phoenix Arizona

Cab drivers interested in starting their own business should think about investing in quality cab insurance Phoenix Arizona to make the most of their business opportunities. When cab drivers invest in insurance, they are providing their clients with quality peace of mind. They can help set themselves apart from other professionals in the field by providing their clients with additional benefits. However, there are many different types of insurance that professionals can choose to invest in, and knowing what to expect can allow these specialists to make the right choice. Learn about some of the following types of cab insurance to see how you can optimize your business approach.

Third Party Insurance

A cab that has third party only insurance will be working with an insurance obligation that is the lowest type legally allowed for the driver. It is the cheapest type of insurance that the cab driver can choose and it cannot be used to cover personal damages or other important costs. It can be a good idea for entry drivers and those who are interested in a quick start to the field, but eventually individuals will need to invest in other, stronger types of insurance.

Breakdown Recovery

When professionals are ready to expand their operations, it is strongly recommended for them to look into breakdown recovery insurance. This is a must have for taxi drivers, as breakdown recovery insurance can help provide drivers with necessary support when their vehicles break down. For the amount of driving that taxi drivers will be doing when compared to other motorists, this type of insurance ends up paying for itself, especially after a lengthy career.

Public Liability

All motorists should be sure to invest in some type of public liability coverage. This is a more advanced option for the vehicle, and the greater that the coverage is, the more expensive it will get. However, if you ever find yourself in a position where you will be liable for different types of damages in court, this cab insurance Phoenix Arizona will help clarify your position.

Comprehensive Coverage

Finally, and perhaps most importantly, drivers should consider investing in comprehensive coverage. This is generally believed to be the most beneficial type of cab insurance Phoenix Arizona coverage that taxi drivers need. The comprehensive coverage will offer insurance for just about all types of road accidents, no matter whether the driver is held liable or not. The driver will be able to make claims for things such as theft, vandalism and other events.

 

Best regards,

 Gary Hanson

Professional Insurance Strategies, LLC

6708 W. Bethany Home Rd

Glendale, AZ 85301

 

ghanson@proinsgroup.com

602-481-0161

623-551-6716 Fax

Livery Insurance AZ

If you are going to offer transportation services to the public for a fee, you are going to need to do your homework concerning insurance. When it comes to livery insurance AZ, it’s more complicated and expensive than a regular insurance policy. It’s understandable. You are going to be responsible for the welfare of other individuals. Be sure to consider all of your options for livery insurance AZ before you make a final decision. You are not only covering yourself in the event of liability and financial losses. You are protecting your passengers in the event that there is a mishap on the road.

Turn to a Company that Specializes in Livery Insurance
Whether you own a limousine service, run a taxi station, or provide any other type of transportation for a fee, such as trolley service in a tourist area, you need to be sure that you are properly insured. Companies that focus on livery insurance AZ will help you to protect your assets and be prepared for anything that may go wrong while you are carrying passengers.

How to Find Livery Insurance Companies
As you search for livery insurance AZ, you have many resources at your disposal. They include:

State insurance regulator listings
Online search results
The Chamber of Commerce

Be sure to review all of your alternatives. You want to rest assured that your business is meeting all state regulations and that your insurance is comprehensive. Otherwise, you could find yourself dealing with catastrophic losses.

One Size Does Not Fit All
Turn to a company that has experience and has been established when you need livery insurance AZ. A livery insurance broker should understand your needs and offer you choices that are tailored to suit you. Your insurance company should be geared for the transportation industry and be able to offer you quotes that are related to the size of your business. Your policy should include all of the features that will satisfy you, including driver training, proper procedures for drug and alcohol testing for your drivers, and DOT compliance if you are operating a large business. If you are involved in a small business that only involves you as a driver, you can opt for a basic policy. Your livery insurance broker can help you to choose the best policy to meet your needs.

 

Best regards,

 Gary Hanson

Professional Insurance Strategies, LLC

6708 W. Bethany Home Rd

Glendale, AZ 85301

 

ghanson@proinsgroup.com

602-481-0161

623-551-6716 Fax

Limousines And Taxi Insurance

In most states, there is a requirement that drivers must obtain a minimum amount of auto insurance, and Arizona, California and Nevada are included in these states. While there are auto insurance requirements related to personal vehicles, there are also other auto insurance requirements in place for different types of commercial vehicles. Limousines and taxi insurance is a special type of insurance that is in place for commercial vehicles that carry passengers. If you are involved in a livery business, you must obtain the proper commercial auto insurance based on the state’s requirements in order to drive legally.

Do You Need This Type of Insurance?
The requirements for limousines and taxi insurance vary by state, and you may be wondering if you need this type of coverage. It is generally intended for vehicles that are used for a commercial vehicle to transport one or more passengers through regular work activities on a for hire basis. The coverage amounts and type requirements vary by state, but generally, there are requirements for both liability and personal injury coverage for limousines and taxi insurance. While you must comply with the coverage requirements to meet the legal requirements, the coverage also is beneficial from a financial standpoint. For example, the liability coverage may be beneficial if you cause an accident in your vehicle and must pay another driver’s expenses.

How Much Insurance Do You Need?
When you are involved in a livery activity for your business, it is important that you understand the different requirements for limousines and taxi insurance. The requirements can become detailed. For example, in Arizona, the minimum coverage amount is $300,000. However, this can increase based on the type of vehicle that you drive as well as the number of passengers you transport. Each state will also have different requirements. Therefore, whether you plan to operate your commercial vehicle in Arizona, California or Nevada, it is important that you obtain coverage based on the state’s requirements, the type of vehicle you drive and the number of passengers you transport.

Limousines and taxi insurance, which may also be called livery insurance, is a requirement, and you must obtain it in each of these states in order to operate your commercial vehicle legally. The cost of this insurance can be high, and this is particularly true if your vehicle will be used to transport many people. By comparing quotes, you can find the best rate on your livery coverage.

Best regards,

 Gary Hanson

Professional Insurance Strategies, LLC

6708 W. Bethany Home Rd

Glendale, AZ 85301

 

ghanson@proinsgroup.com

602-481-0161

623-551-6716 Fax

Arizona Uber Insurance, Lyft, Livery, Taxi, TNC Insurance Requirements

Listed below is HB 2135 which establishes new insurance requirements for Uber, Lyft, Total Transit, Livery, Taxi, and other TNC Insurance Requirements:

Overview

HB 2135 establishes the transportation network companies (TNC) article governing TNCs and TNC drivers, and outlines financial responsibility requirements for TNCs and livery vehicles, taxis, and limousines.

History

The Arizona Department of Weights and Measures (DWM) is the primary authority for licensing and regulating taxi, livery vehicles and limousines in the state. Statute requires owners of livery vehicles, taxis and limousines to allow DWM to inspect criminal background checks and drug testing of vehicle operators and allow the inspection of vehicle maintenance records (Arizona Revised Statutes (A.R.S.) § 41-2097). Additionally, statute specifies the licensing requirements for taxi, livery vehicles and limousines (A.R.S. § 41-2091).

A.R.S. § 41-2051 defines livery vehicle and taxi. A livery vehicle is a motor vehicle that provides passenger services for a fare determined by a flat rate or flat hourly rate between geographic zones or within a geographic area. A taxi is defined as a motor vehicle that is registered as a taxi in this state or any other state and offers local transportation for a fare determined primarily on the basis of the distance traveled.

Provisions

Transportation Network Company

1. Requires a company to obtain a permit issued by DWM in order to operate a TNC in this state.

2. Directs DWM to charge and collect an application fee as determined by DWM.

3. Requires DWM to issue a permit to an applicant that meets the specified requirements.

4. Direct the TNC to maintain an agent for service of process in this state.

5. Requires the TNC to display trade dress to identify the TNC vehicle with a particular TNC while the vehicle is used to provide services. The TNC must file an illustration of the trade dress with DWM.

6. Permits a TNC to charge a fare for transportation network services provided to passengers, and disclose the calculation method of the fare on its website or within the digital network or software application.

7. Requires the TNC to provide the applicable rates being charged and the option to receive an estimated fare before the passenger enters the TNC vehicle.

8. Requires the TNC digital network or software application to display a picture of the TNC driver and the license plate number of the motor vehicle used for providing the service.

9. Directs the TNC to transmit to the passenger an electronic receipt, within a reasonable period of time following the completion of the trip, indicating the following:

a. Origin and destination of trip.

b. Total time and distance of trip.

c. An itemization of the total fare paid, if any.

Transportation Network Company Zero-Tolerance Policy

10. Directs a TNC to implement a zero-tolerance policy on the use of drugs and alcohol while a TNC driver is providing services or is logged in to the TNC digital network or software application but not providing services, and that the policy be provided on the TNC website.

a. This policy must include procedures to file a complaint about a driver with whom a passenger was matched and who the passenger reasonably suspects was under the influence of drugs or alcohol during the course of the trip.

11. Mandates the TNC to immediately suspend (until completion of an investigation) the driver’s access to the TNC digital network or software application and to conduct an investigation upon receipt of a passenger complaint alleging a violation of the zero-tolerance policy.

12. Stipulates that the TNC must permanently deactivate the driver’s access to the TNC’s digital network or software application if the investigation confirms that the driver violated the zero-tolerance policy, and requires the TNC to maintain enforcement records for at least two years after the date a passenger complaint is received by the TNC and make the records available to DWM on request.

Transportation Network Company Drivers

13. Requires the TNC to do the following prior to a person accepting trip requests through a digital network or software application:

a. Require the person to submit an application to the TNC that includes the person’s name, address, age, driver license number, driving history, motor vehicle registration, motor vehicle insurance information and any other information requested by the TNC.

b. Conduct, or have a third party conduct, a local and national criminal background check for each applicant that includes a search of a multijurisdiction criminal records locator or similar, validated commercial nationwide database, and a national sex offender registry database.

c. Obtain and review a driving history report for the applicant.

d. Require that all TNC vehicles used by TNC drivers meet state vehicle safety and emissions standards for private vehicles and have at a minimum an annual brake and tire inspection performed by a qualified third party.

14. Prohibits a TNC from allowing a person to act as a TNC driver who:

a. Has had more than three moving violations or one major violation (attempting to evade the police, reckless driving or driving on a suspended or revoked license) in the preceding three years.

b. Has been convicted within the preceding seven years of serious felony violations, DUI, extreme DUI, or DUI on a suspended, cancelled, revoked or refused license.

c. Is listed in a national sex offender registry database.

d. Does not possess a valid driver license.

e. Does not possess proof of registration for the motor vehicle that will be used as the TNC vehicle.

f. Does not possess proof of financial responsibility for the motor vehicle that will be used as a TNC vehicle.

g. Is not at least 19 years of age.

15. Requires the TNC to maintain records of the criminal background check conducted of each driver and to make the records available to DWM on request.

Transportation Network Services

16. Specifies that a TNC driver shall accept rides booked exclusively through a TNC’s digital network or software application.

17. Authorizes DWM to impose a civil penalty of not more than $1,500 per violation or any TNC driver who is found to be soliciting or accepting street hails.

a. Does not apply to a TNC driver who is not required to accept rides booked exclusively through a TNC’s digital network or software application.

18. Directs the TNC to maintain individual trip records for at least one year after the date each trip was provided and the TNC driver records until the one-year anniversary of the date of the driver’s activation on the TNC’s digital network or software application has ended, to make records available to DWM on request.

TPT Exemption

19. Exempts a TNC with a permit and a TNC driver from paying the transaction privilege tax or any similar tax imposed by any taxing authority in this state on transactions in which a TNC driver is providing transportation network services.

Transportation Network Company Disclosures

20. Requires the TNC to disclose to its drivers in writing or electronic format, specified information before the driver may accept a request for services on the TNC’s digital network or software application.

21. Specifies the TNC insurer to issue a payment for a comprehensive or collision claim to the business repairing the vehicle or jointly to the owner of the vehicle and the primary lienholder on the covered vehicle.

Financial Responsibility Requirements

22. Requires a person that is subject to the financial responsibility requirements pursuant to statute for transporting passengers in vehicles with a seating capacity of not more than eight passengers including the driver to maintain a motor vehicle liability insurance policy containing one of the following:

a. Minimum coverage and uninsured motorist coverage in the amount of at least $250,000, or

b. Other minimum coverage amounts as prescribed by statute.

23. Outlines the financial responsibility requirements for TNCs, taxis, livery vehicles, and limousines as follows:

a. For a TNC that requires a driver to accept rides exclusively through a software application:

i. During the time the driver is logged into the software application but not providing transportation network services:

Ø Prior to March 1, 2016, coverage amounts of 25,000/50,000/20,000.

Ø After March 1, 2016, coverage amounts of 25,000/50,000/20,000. Further outlines how coverage is maintained.

ii. During the time the driver is providing transportation network services:

Ø Commercial coverage and uninsured motorist coverage in the amount of 250,000.

b. For a TNC that does not require a driver to accept rides exclusively through a software application:

i. During the time the driver is logged into the software application but has not accepted a ride request:

Ø Commercial coverage amounts of 25,000/50,000/20,000.

ii. During the time the driver has accepted a ride request and is providing passenger transportation:

Ø Commercial coverage and uninsured motorist coverage in the amount of 250,000.

c. For a taxi, livery vehicle, or limousine:

i. During the time the driver has not accepted a ride request and is not providing passenger transportation:

Ø Commercial coverage amounts of 25,000/50,000/20,000.

ii. During the time the driver has accepted a ride request and is providing passenger transportation:

Ø Commercial coverage and uninsured motorist coverage in the amount of 250,000.

Livery Vehicles, Taxis and Limousines

24. Removes the requirement for an owner to have drug testing records and vehicle maintenance records available for inspection at all times by DWM.

25. Removes the requirement for a preemployment drug test and random drug tests for a livery vehicle, taxi or limousine drivers.

26. Requires that owners ensure that all vehicles meet state vehicle safety and emissions standards for private vehicles as well as have at a minimum, an annual brake and tire inspection performed by a qualified party.

27. Requires owners to maintain vehicle safety and emissions inspection records for at least two years and make the records available to DWM on request.

28. Directs owners to implement a zero-tolerance policy on the use of drugs and alcohol while a driver is providing or is available to provide passenger transportation, and that this policy be provided on the company’s website or in the taxi, livery vehicle or limousine.

a. This policy must include procedures to file a complaint about a driver with whom a passenger was matched and who the passenger reasonably suspects was under the influence of drugs or alcohol during the course of the trip.

29. Mandates the owner to immediately suspend (until completion of an investigation) the driver’s access to the owner’s taxi, livery vehicle or limousine and conduct an investigation upon receipt of a passenger complaint alleging a violation of the zero-tolerance policy.

30. Stipulates that the owner must permanently prohibit the driver’s access to the owner’s taxi, livery vehicle or limousine if the investigation confirms that the driver violated the zero-tolerance policy, and that the owner must maintain enforcement records for at least two years after the date a passenger complaint is received by the owner and make the records available to DWM on request.

Miscellaneous

31. Provides definitions for pertinent terms.

32. Excludes from the motor vehicle definition, in relation to canceling or non-renewing an insurance policy, a vehicle that otherwise qualifies as a motor vehicle only while the driver of the vehicle is logged in to a TNC’s digital network or software application or is providing transportation network services, unless expressly covered by the private passenger policy, beginning March 1, 2016.

33. Adds that a motor vehicle insurance policy that has been in effect for 60 days, or that has been renewed, effective immediately, may not be canceled or nonrenewed unless, beginning March 1, 2016, the named insured or any other person who operates the motor vehicle insured under the policy uses the vehicle rated or insured as a TNC vehicle to provide transportation network services unless, while the driver is logged in to the TNC’s digital network or software application or is providing transportation network services, either:

a. Has procured an endorsement to the private passenger policy that expressly provides such coverage, or

b. Is covered by a motor vehicle liability insurance policy issued by another insurer specifically providing such coverage.

34. Specifies that an insurer may provide a private passenger policy endorsement which expressly provides coverage for a transportation network service, however that endorsement may not be treated as basic coverage and any termination of the endorsement may not be treated as a modification of basic coverage.

35. Allows an insurer to terminate an endorsement and requires a notification of termination to be sent to the policyholder at least 45 days prior to the effective date of the termination.

36. States the notice must include an explanation that providing further transportation network services may subject the insured to cancellation or nonrenewal of the private passenger motor vehicle policy.

37. Clarifies that an insurer is not required to offer or issue a policy or endorsement that includes coverage for any liability incurred while the TNC driver is logged in to the TNC’s digital network or software application or is providing transportation network services.

38. Expands the state preemption regarding municipal regulation to TNC vehicles and TNCs.

39. Exempts TNCs, TNC drivers, or TNC vehicles from the reregistration on becoming liable for weight fee statute.

40. States that a motor vehicle liability policy is not required to insure liability, beginning March 1, 2016, for a private passenger motor vehicle used while a TNC driver is logged in to a TNC’s digital network or software application or is providing transportation network services unless expressly authorized by the terms of the insurance policy or an endorsement or amendment to the policy.

41. Stipulates that, beginning March 1, 2016, the TNC driver’s policy and the vehicle owner’s personal policy are not required to provide any coverage for the motor vehicle, the TNC driver, the vehicle owner, or any third party while a TNC driver is logged in to the TNC software application or is providing services, unless the policy or endorsement expressly provides coverage.

42. Allows an insurer to offer one of the following coverages while a TNC driver is logged in or providing services:

a. A motor vehicle liability insurance policy expressly providing such coverage, or

b. An amendment or endorsement to an existing motor vehicle liability insurance policy specifically providing such coverage.

43. Specifies that the TNC, taxi, livery vehicle, or limousine driver must carry proof of insurance in the vehicle at all times while logged in to the software application or providing services.

44. Requires the TNC, taxi, livery vehicle, or limousine driver, if involved in an accident, to provide proof of insurance to the parties involved at the time of the accident and to notify the TNC or taxi, livery vehicle, or limousine owner of the accident.

45. Requires the TNC, or taxi, livery vehicle, or limousine owner and any insurer providing coverage to fully cooperate in the exchange of information in a claims coverage investigation.

46. States, beginning March 1, 2016, the financial responsibility requirements do not create an obligation for an insurer to provide coverage for any liability arising while the TNC driver is logged in to the digital network or software application or is providing services.

47. Allows an insurance policy to be offered by an authorized insurer or a surplus lines insurer.

48. Authorizes the Department of Insurance, as part of its annual survey of insurance companies, to request information from insurers regarding the availability of policies and policy endorsements offered to a TNC driver and how many such policies or endorsements have been purchased or cancelled during the survey period.

49. Exempts from the transporting classification TNCs that are subject to the permit fee, or TNC drivers on transactions involving services, as prescribed by statute.

50. Makes technical and conforming changes.

51. Contains a legislative intent clause.

52. Provides a temporary exemption from rulemaking requirements for DWM or the Arizona Department of Transportation (ADOT) for the purposes of implementing this act.

53. Directs Legislative Council to transfer and renumber applicable provisions should the responsibility of regulation of livery vehicles, taxis, and limousines be transferred from DWM to ADOT.

source was the 52nd Legislature

Best regards,
Gary Hanson
Professional Insurance Strategies, LLC
6708 W. Bethany Home Rd
Glendale, AZ 85301

ghanson@proinsgroup.com
602-481-0161
623-551-6716 Fax

Typical Liability Insurance Coverage For Limousine Arizona, California

hether you are just starting to think about opening your own limousine company or you are ready to shop around to find a better insurance policy than the one you currently have, it is important that you understand what the typical liability insurance coverage for limousine owners in Arizona and California is. Both of these states have minimum liability coverage requirements in place, and you must comply with these requirements if you want to avoid tickets, fines or worse.

The Minimum Coverage Requirements
When you review the typical liability insurance coverage for limousine owners in Arizona, you will find that you need liability coverage of at least $300,000, and you also need coverage for personal liability, property damage and uninsured or under-insured motorists. In California, you may need as much as $750,000 in liability coverage or more. There are variations depending on the size of the limo that you are driving and how many passengers it can hold, so it is important to learn more about the specific insurance requirements that may pertain to you and your limousine.

Why You May Need More Than the Minimum Coverage
While it is important to learn more about the typical liability insurance coverage for limousines, it is also important to note that you may need more than the minimum coverage required for liability. Keep in mind that liability coverage will only pay for the damages that you have caused to others. It will not pay for any of your own losses related to injury to your employees, repair costs for your damaged limo or a replacement of the vehicle. Your own personal property inside the vehicle may also need separate coverage. If you have a loan on the limo, your auto lender likely will require that you purchase extra coverage that will pay to repair or replace the limo if it is damaged or stolen.

The fact is that even purchasing the typical liability insurance coverage for limousine owners in Arizona or California can be expensive, and it often is not enough. Many limo owners will decide to invest in a policy that is more comprehensive and protective than the basic requirements dictated by law. This type of policy can be expensive, so you may consider shopping around to find the best deal on your policy after you have defined exactly what type of coverage and limits you want to purchase.

Best regards,
Gary Hanson
Professional Insurance Strategies, LLC
6708 W. Bethany Home Rd
Glendale, AZ 85301

ghanson@proinsgroup.com
602-481-0161
623-551-6716 Fax

Insurance For Limos

Carrying liability insurance is mandatory for limousine drivers in almost every state throughout the United States; however, most limousine owners will purchase more insurance due to the value of their limousines, among other factors. There are more requirements pertaining to insurance for limos in Arizona, Nevada, and New Mexico, when compared to other states.

Quick Insurance Facts

Some quick facts that limousine owners in Arizona, Nevada, and New Mexico should know include the fact that an insurance policy for all limousine companies in these states must be at least $300,000 – this amount could be more, depending on the capacity (number of passengers) of the limousine. Insurance for limousines must also cover the following:

  • Coverage against uninsured motorists, as well as under-insured motorists
  • Personal liability
  • Property damage

Available Insurance for Limousines

There are a variety of options available for limo owners in Arizona, Nevada, and New Mexico. Some of the insurance for limos in these states include:

Limited liability protects the driver and limousine owner from the cost of damage to the property of another person. Claims against the policy holder are also covered with limited liability insurance. Bodily injury – or property damage – is typically covered under limited liability insurance.

Full coverage insurance is also known as Collision and Comprehensive coverage. This insurance for limos protects the insured limo against damage that is caused by most objects, as well as other vehicles.

Other insurance for limos include:

  • Excess/Umbrella Liability
  • Physical Damage
  • Property Damage
  • Worker’s Compensation

Even though the insurance will cover the damages, the limousine owner is typically responsible for a deductible – this is the case with Collision and Comprehensive coverage. Limo owners should verify the deductible amount prior to purchasing the insurance for limos. After the deductible has been paid, the balance is then covered by the insurance company.

Stay Covered

It is important that limousine owners follow the insurance regulations that are set in place in Arizona, Nevada, and New Mexico; failing to do so could lead to fines, loss of license, possible lawsuits, and more negative consequences that could affect the limo business.

To ensure that the laws set in place pertaining to insurance for limousines are followed, these states mandate that the weight and measurements for all limos are checked to verify that they are properly insured. There are also investigators that are specifically assigned to vehicles for hire; ensuring the safety of Arizona, Nevada, and New Mexico citizens.

Commercial Taxi Insurance Az

Your life as a commercial taxi driver may be relaxed and pleasant, and you may find it thoroughly enjoyable to spend your days driving through town and meeting new people. While this can be a lucrative, fun and fast-paced job that provide you with significant satisfaction, there are some rules and requirements that you must comply with. For example, you may be required to purchase commercial taxi insurance AZ as well as in areas throughout the southwestern United States. While required, your coverage can also be financially beneficial for you.

Why You Need Insurance
There are legal requirements that state that you must maintain an active commercial taxi insurance AZ policy, and other states also have a similar requirement. These requirements can change from time to time, so you may consider contacting an insurance agent or researching the requirements on your own. In addition to the state’s requirements, you may be required to maintain a policy if you have a car loan in place. Most lenders will require that you hold at least a replacement coverage policy for the loan amount.

What to Look For in an Insurance Policy
It is important that you understand what the legal and lender requirements are for commercial taxi insurance AZ. These should be viewed as a minimum requirement, and you may consider purchasing additional coverage. Liability coverage, for example, may be increased to decrease your financial loss if you are sued for damages after an accident. Towing coverage or rental car coverage can be financially beneficial if you have a serious breakdown. When you car is used for commercial purposes, you may also benefit from loss of income insurance. After all, if your vehicle is not able to be used for income-producing activities, you will not be able to produce income to pay your expenses. These are just some of the many types of coverage available to you, and you can learn more about the options and their costs by speaking with an insurance broker or representative.

Commercial taxi insurance AZ and throughout the region is important to hold. It will help you to remain compliant with local laws and with your lender’s insurance requirements. It also can beneficial to you if you have an accident, if your car is stolen and if other similar events occur. After you have learned more about the different requirements in place for you, you can begin shopping for your policy today.

Best regards,
Gary Hanson
Professional Insurance Strategies, LLC
6708 W. Bethany Home Rd
Glendale, AZ 85301

ghanson@proinsgroup.com
602-481-0161
623-551-6716 Fax

Taxi Insurance Phoenix, AZ

If you are a taxi company in Phoenix, Arizona, you know that taxi insurance does not come cheap. Taxi insurance tends to be more expensive than regular vehicle insurance for several reasons, among which include: More miles. Taxis, by definition, are transportation vehicles. They are exposed to every-day wear and tear more so than most vehicles, drive in all kinds of neighborhoods and are more likely to encounter poor road conditions. More passengers. Each taxi carries many passengers per day, each of which can be injured should there be an accident. Constant flow of passengers also means increasing daily wear and tear of the vehicle.
Multiple drivers. Each company vehicle is exposed to multiple drivers and, therefore, multiple driving personalities and backgrounds. Some drivers may be more responsible while others are more aggressive.

All these factors provide increased risks of liability and consequently, higher insurance premiums. However, you can still save money on taxi insurance Phx AZ. They key is to determine the type of coverage you want and compare rates from different companies for that type of coverage. You can call individual companies for price quotes or compare rates online.

Taxi insurance Phx AZ, in addition to including liability insurance required in all states, has mandatory minimums on the coverage, which includes property damage and bodily harm. If your taxi causes damage to another vehicle, property damage insurance covers repair fees for the vehicle, as well as costs for a rental car if the damaged vehicle was a sole means of transportation. Bodily harm insurance covers medical bills and other expenses, including prescriptions, for any individuals injured in an accident.

If you opt for only this basic insurance coverage required by law, you will be paying a lot less than if you choose an insurance policy that comes with other benefits like uninsured/underinsured motorist coverage, comprehensive insurance and collision insurance. Keep in mind, however, that cheap insurance rates may also mean cheap service, poor benefits and hidden costs. Sometimes it’s worth paying a little more for quality insurance that offers more than just the bare minimums. If you’re not careful, saving now might end up costing you more later.

Before making a final decision regarding taxi insurance Phx AZ, research different policies, perform a thorough costs/benefits analysis, and evaluate the insurance companies themselves. Look at factors like the company’s rating, how they handle claims and what their reputation is among other taxi companies. It might be prudent to speak with an agent knowledgeable in taxi insurance Phx AZ to help you evaluate your options.

Best regards,
Gary Hanson
Professional Insurance Strategies, LLC
6708 W. Bethany Home Rd
Glendale, AZ 85301

ghanson@proinsgroup.com
602-481-0161
623-551-6716 Fax

Insurance For Taxi In Phoenix, Az, Nevada, New Mexico

Selecting the insurance best suited to your taxi company can be rather daunting.  This article provides a brief explanation for each type of coverage available to those seeking insurance for a taxi in AZ.  Whether in the process of opening a taxi business or running an existing service, insurance coverage safeguards against negative financial repercussions should you experience or cause harm or damage to others while operating your business. Without a customized policy, you jeopardize your entire personal and professional financial foundation.

Liability Insurance For a Taxi In AZ
Any taxi business located within the United States, by law, must carry liability insurance for legal operation, although each state varies slightly in coverage stipulations.  Liability insurance splits into two categories:  property damage and bodily harm.  Coverage on insurance for a taxi in AZ also requires a mandatory monetary minimum amount.

Liability Coverage For Bodily Harm To Others:  Should your taxi cause an accident where another person becomes harmed, the bodily harm portion of liability insurance covers many expenses incurred during the persons recovery process i.e., hospital charges, prescriptions, medical appointment fees.

Liability Coverage For Property Damage To Others: Should an accident caused by your taxi inflict damage to another person’s property or automobile, the property damage portion covers expenses such as auto rental and property estimate fees.</li>

Additional Insurance Coverage Options:

Uninsured/Under-insured Motorist Insurance: This provides coverage, should another driver cause the accident yet carry little or insufficient liability. Although illegal, many drivers on our roadways operate without insurance of any kind. This policy also covers your expenses when an illegal driver causes the occurrence.

Collision Insurance: Should your taxi become damaged or inoperable due to an accident caused by another person, collision insurance covers expenses such as complete replacement of a vehicle or massive repair amounts.

Comprehensive Insurance: Comprehensive coverage includes unforeseen complications such as flood, fire or vandalism, damaged windows.

Property Damage Insurance:  This policy covers expenses should you cause an accident which damages another person’s property i.e., building/structural, town or city call boxes, hydrants, fencing.

Commercial Vehicle Insurance: Structured to provide additional overall coverage to your commercial business, small or large.

Physical Damage Insurance: A policy for those businesses seeking additional coverage for situations such as vehicles still under contract or lien.

Medical Expenses Insurance: A policy covering medical expenses for yourself and family members as well as passenger expenses incurred during an accident.</li>

A licensed professional brings a thorough knowledge of any state and federal mandates regarding insurance for a taxi in AZ.  Because each policy specification varies, a skilled agent can explain any additional policy structures available and combines the best coverage for your particular business needs, i.e. deductibles, benefit amounts. If you provide taxi services in AZ or are thinking of starting, you should make sure that you have the proper insurance coverage to protect your business.

Best regards,

 Gary Hanson

Professional Insurance Strategies, LLC

6708 W. Bethany Home Rd

Glendale, AZ 85301

 

ghanson@proinsgroup.com

602-481-0161

623-551-6716 Fax

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