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

Contractor Insurance, Arizona, Nevada, New Mexico

Although each state’s liability coverage varies, most contractor companies doing business out of Arizona require proof of some form of general liability insurance before solidifying any agreement or contract. A smart business owner is an informed one. Contacting a knowledgeable agent who specializes in AZ insurance guidelines provides a thorough understanding of the many options available while simultaneously customizing your contractor’s insurance coverage based on your organizations particular requirements.

Accidents, damages, interruptions, delays and losses are part of operating any type of construction business, i.e. electrical, plumbing, heating/air conditioning. Choosing the right coverage provides the business owner optimal damage control and sound protection, should a problem arise.

Types of Contractors Insurance
Should a covered loss or delay occur to a business service or project, business income insurance provides a way for paying expenses i.e. payroll, rent or mortgage, taxes, relocation fees.

Contractor Vehicle Insurance: Coverage for commercial auto’s i.e. vans, box trucks, utility vehicles and trailers as well as the employees operating them.

Equipment Insurance: Coverage for damaged equipment such as excavators or cranes due to machinery malfunctions, mechanical or operator error, electrical surges.

Business Property – Indoor/Outdoor Insurance: This plan covers damage to rented or owned business property as well as anything housed within the business property, i.e. inventory, building materials. Business property insurance safeguards against catastrophes such as water damage or fire to indoor/outdoor property.

Commercial Property/Liability:This plan provides coverage should an employee cause damage to a client’s property, bodily injury to others or employee injuries.

A licensed insurance agent in AZ can explain and guide you through each policy, providing a further breakdown of specifications for each coverage option, keeping in mind any state or county laws, safety regulations or construction guidelines that need to be observed i.e., obtaining licenses, bond requirements. Purchasing contractors insurance not only reduces the risk to your business operation, employees and clientele exist in a safe and secure work environment. Many AZ based insurance companies include preparedness plans at no additional costs to the purchaser. Taking advantage of these free plans allows AZ construction businesses a well-organized preparedness plan against disasters as well as recovery and relief guideline suggestions.

Choosing specialized contractors insurance serves as the most important investment to your business and personal stability. Optimal safeguards build a solid bridge to your financial future and lower operating expenses while providing priceless peace of mind.

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 Taxicab Insurance Livery Insurance

Arizona Taxicab Insurance

Why Drivers Need to Be Insured:

In 2013, almost 6 million people living in the United States died as a result of an automobile accident. Over 2 million people suffered from serious injury because of an accident. Because of the dangerous nature of driving, insurance is imperative, not only for casual drivers, but also for professionals like taxi cab drivers.

Taxicab Insurance:

Taxi insurance is a form of liability coverage that is needed for a taxi company to protect their business and provide a safety net in the event of an accident or some other unfortunate incident. Taxicab insurance requirements vary state by state.

Taxicab insurance is not the same thing as auto insurance. Although all drivers employed by a taxicab service must possess auto insurance, taxicab insurance protects the taxicab company in the event of an accident, a lawsuit from a client, or negligence on the part of the company’s driver.

Arizona Taxicab Insurance:

In order to obtain Arizona taxicab insurance, the company that owns the cabs and employs the drivers must meet certain requirements, including but not limited to operating fare based cabs that are regularly maintained and inspected, ensuring all cab drivers are licensed, and verifying that the driving records of the cab drivers are free of excessive points or serious driving related convictions.

All cabs operated by a company looking for taxicab insurance must contain a sealed taximeter and post their rates in one-inch letters somewhere inside the cab where customers can see them easily.

Requirements of Arizona Taxicab Drivers:

Arizona taxicab insurance is not available to drivers who have previous charges of manslaughter, weapons possession, or alcohol and/or drug related crimes. Drivers must be between the ages of 25 and 65 and free of any physical impairment that could potentially interfere with their driving.

Under Arizona law, licensed drivers over the age of 65 can be insured, but they must go through a complete physical check-up prior to being approved. Drivers with more than five points on their license in a period of twelve months, or more than seven points in their total driving history are not eligible for Arizona taxicab insurance.

Another requirement of Arizona drivers is that they must have possessed their driver’s license for a minimum of two years before applying for taxicab insurance. Taxicab drivers looking to be covered under taxicab insurance in Arizona must also possess not only a valid driver’s license, but an Arizona state issued driver’s license.

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

Limousine Insurance Program

Limousine Insurance Program

Whether your employee is behind the wheel in New Mexico, Nevada or Arizona a limousine, it has to be considered a major responsibility. Drivers are accountable for not just your expensive vehicles, but safety. Damages and other possible liability can fall on the limousine driver and, by association, the company’s shoulders.

Unlike other travelers on the road, limousine drivers are out there day or night. They interact with potentially a couple of dozen passengers on any given shift. They are driving in all types of weather and encounter every type of road situation possible. The prospect of getting into an accident is greatly increased.

Limousine drivers need to be protected in the same manner as any other employee at any other company. Businesses learned a long time ago drawing reputable and reliable talent to the fold means having incentives on the table. For many candidates, benefits can make or break a decision about for whom they will work.

Limousine insurance programs protect drivers, companies and other parties from what will always be the unexpected. This is because regardless of how meticulous a driver is, no one can guarantee there will not be a mishap. And no one can determine where fault will lie. Without the right kind of insurance, drivers are putting themselves, passengers, pedestrians and other drivers and property are risk. A limousine insurance program also offers employees the pull to work for a given employer. To have the best roster, compensation has to be a consideration for the employer.

Limousine insurance programs are engineered specifically for this industry, providing coverage that wouldn’t necessarily be needed by non-commercial drivers. They protect drivers both professionally and personally. These programs will include standard coverage for liability and damage. There can also be specific coverage’s like employer practice liability, limo and life insurance, worker safety and compensation, as well as coverage for medical related circumstances, including dismemberment or occupational accident and disease.

No self-employed driver or company can afford to underestimate the importance of limousine insurance programs, even when certain aspects of them can seem unnecessary. Far too many uninsured consumers have felt the same way to suddenly see their property destroyed by unexpected circumstances or their lives disrupted with sudden medical expenses. Many uninsured drivers have come face to face with financial ruin after accidents that led to lawsuits.

Having appropriate limousine insurance programs in place is vital to the stability of the company and the morale of the driver. Good policies are a backbone to prolonged business success and confidence.

Best regards,

Gary Hanson
Professional Insurance Strategies, LLC
3519 E. Shea Blvd., Suite 120
Phoenix, AZ 85028

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

Taxi Insurance Phoenix

Supplying transportation for individuals within the city of Phoenix can prove to be profitable, but anyone wishing to provide this service must be aware of the requirements of the state of Arizona pertaining to registrations, licenses, and especially taxi insurance phx.

Transportation entrepreneurs must assure adherence to all the requirements of the state Department of Motor Vehicles. Owner-operators must provide these assurances personally rather than relying on companies with provisions for a fleet of vehicles.

Arizona Regulations

In the state of Arizona, regulations governing “vehicles for hire” require (after an extensive background check) the proper licenses and registrations for both the vehicle and the driver. Taxis are required to have sealed meters inside the vehicles and to post their rates on the exterior. Livery vehicles such as mini-buses or trams are allowed to charge a flat rate, but the rates must be posted on the outside of the vehicles. Limousine companies must use pre-arranged rates. Taxis and livery vehicles must post Arizona Department of Weights and Measure authorization stickers on their back windows. License plates can be commercial, private or specialty plates.

As in many cities across the nation, there exists many unauthorized passenger carriers in Phoenix. Regulations and mandates have tightened; however, the laws do not forbid the use of unofficial “for-hire’ vehicles. Therefore, the burden of proof remains with the vehicle and driver and the burden of verification remains with the customer.

The state of Arizona requires “for hire” vehicles to be fully insured, for the protection of the company as well as for the protection of the customer. Insurance, especially taxi insurance phx, is a vital portion of any business and extremely important for vehicles used to transport passengers. Owner-operators without sufficient insurance coverage could lose their equipment inventory, their profits, or their entire business should they experience one accident.

With the exception of the taxi cabs used in and around the Sky Harbor International Airport, state insurance regulations for “vehicles for hire” include the requirement of $300,000 or more, depending on the capacity of the vehicle, in coverage for:

These requirements are the minimums and should be understood as the very least acceptable coverage. More insurance would always be better and business owners should consider the risk factors prior to the purchase of any insurance. Taxi insurance, especially taxi insurance phx, can be considered as the best long-term investment transportation providers can make.

Gary Hanson
Professional Insurance Strategies, LLC
3519 E. Shea Blvd., Suite 120
Phoenix, AZ 85028

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

Livery Insurance Policy, Arizona, Nevada, New Mexico

Livery Insurance Policy

A livery company is a business that provides some type of public transportation. Examples of this include taxi and limousine services. It may also include vans, town cars and airport ground transportation. When beginning this type of business, the owner is quite busy with getting proper permits from state and city governments, purchasing vehicles, registering the company and hiring drivers. Often, an important step can be overlooked. This is the necessity of acquiring a livery insurance policy.

What Is Livery Insurance?

A livery insurance policy can protect the company from a great deal of liability and from the chance of losing large sums of money should an accident occur. This policy can be structured in a variety of ways depending on the size of the business and the insurance provider. However, there should be several parts to the policy.

Commercial Auto Liability Coverage

The first part of a livery insurance policy is commercial auto liability coverage. This coverage will protect the business from paying large sums of money should a passenger be injured while riding in one of these vehicles. The policy will normally state how much coverage is provided per individual that is injured.

Physical Damage Coverage

Physical damage coverage will be the second part of the policy. This will cover any damage that one of the business’s vehicles does to private or public property. For example, a taxicab may run into another car or into a homeowner’s fence. This will cover the cost of the repairs that will be necessary.

General Liability Coverage

Finally, each livery insurance policy should have general liability coverage. This is an umbrella that covers a wide variety of problems. This could cover expenses due to someone’s injury on business property or due to accidental infringement of someone else’s copyright when advertising the business’s services.

Each insurance policy will need to be tailored to meet the specific needs of each business. For example, businesses with numerous vehicles will need larger insurance policies than businesses that only have two vehicles will need. The cost of this insurance will also depend on the business’s location in the country and whether the business hires independent contractors or has actual employees for drivers.

No one starting a business wants to be responsible for the large amount of money that may be required to settle with one individual after an accident occurs. This type of bill could set the business back or could even force the business to close its doors. However, an individualized livery insurance policy will protect public transportation companies from these problems.

Best regards,

Gary Hanson
Professional Insurance Strategies, LLC
3519 E. Shea Blvd., Suite 120
Phoenix, AZ 85028

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

truted choice