Florida limousine services require insurance, whether your business is located in Jacksonville, St Augustine, Orlando, Tampa, Miami, or any other city in the Sunshine State. This will protect your company’s finances, property, employees, and customers. Your business is a luxury transportation service provider. There are many risks involved. Your clients should feel special and arrive on time. You must also ensure their safety and security throughout the entire trip.
Are you an entrepreneur or a driver of limo service? We can help you with Florida commercial limousine insurance in Jacksonville or any other city. Your limousine insurance coverage needs to be tailored to your specific requirements. A standard commercial auto plan will not suffice.
Stretch limos and limousines are subject to a variety of risks that are not present in commercial vehicles. This applies to the passengers, professional drivers, as well as the professionals who manage the vehicles.
You need a Florida limousine plan that is tailored to your needs. It will take into account your driver’s driving habits, vehicle fleet, and other factors. We can help you find the best limo insurance for your business, whether you have one, two, three, four, six, or more limousines. You need to be able get your limo fixed quickly so you can get on the road again as soon as possible.
We can help you with classic limousines, luxury SUVs and party buses. When you are ready to take the wheel, it is crucial that you have the best possible insurance. This means that your limousine must be in top condition. You also need to ensure that your drivers and passengers adhere to safety regulations.
Limousine services provide chauffeur-driven luxury vehicles that can be hired. Many cater to corporate clients, transporting executives to meetings, airports or hotels. Some offer transportation for the general public, such as tours and special events like proms, weddings or graduations.
Limousines can carry up to 12 passengers. The standard furnishings include audiovisual equipment, bars and intercoms. There is also privacy barrier from the driver. A retractable roof can be added to protect your privacy. Tinted windows are another option. Others offer more extravagant party features like a disco ball, karaoke machine, a dance floor, a hot tub or a disco ball.
Although most chauffeurs work for the limousine service, some use independent contractors.
You have invested a lot in your limousines and your business, no matter if you own one vehicle or a fleet. What would you do in the event of a vehicle being damaged, stolen, vandalized, or an accident?
What if you could not pay the bills and get back the money? You can be sure that you are covered if anything happens with Florida limousine insurance.
Limo Rentals in Jacksonville, Florida – Why do Limousine Services Need Insurance?
Even though you do everything you can to make sure your drivers are safe and that you take all necessary precautions to protect your limousines, it is possible for something to happen. You could have one of your vehicles involved in an accident that causes property damage or physical injuries. You could have a vandal break into your garage and cause damage to your vehicle or a burglar steal your limousine.
These incidents can have a huge financial impact. These expenses can be very expensive.
Instead of having to pay the above-mentioned expenses yourself, you can invest in Florida limousine insurance policies. Your insurance provider will help with the payments. Insurance can help you avoid serious financial losses.
Insurance provides financial security but it is also required by law. You could face legal trouble if you don’t have your limousine(s), properly insured.
What type of insurance do limousine services need?
There are many types of Florida limousine insurance that you will need. They also depend on several factors. It is important to talk to an agent who specializes in commercial auto insurance.
Regardless of this, all limousine owners must have certain types coverage. Let’s take an in-depth look at these coverages:
Liability Insurance
Limousines must be insured in every state. This coverage covers others against any losses that could occur if your limousine is involved in an accident. This coverage also protects you from costly legal expenses in the case that your vehicle causes an accident that affects other people.
Two types of liability insurance offer coverage:
Bodily Injury Liability: Liability insurance covers the cost of medical care for anyone who is involved in an accident with your limousine. This includes hospital bills and ambulance fees. Your liability policy will cover any pain and suffering that accident victims suffer, including funeral expenses for someone who might sustain a fatal injury.
Property Damage Liability: Third-party property damage is covered by a liability insurance policy. Your liability insurance will pay for any repairs or damages to third-party property if your limousine driver is involved in an accident at fault that causes damage to another vehicle.
You will need to choose the maximum limits and deductible for liability insurance coverage. An experienced agent will be able to help you choose the right limits and deductible amounts.
Collision Insurance Coverage
This coverage will cover any repairs required if your limousine is in an accident. This covers collisions with other vehicles, rollovers, and standing objects such as road signs.
Comprehensive Insurance Coverage
Florida limousine insurance covers any damages to your vehicle that collision insurance doesn’t cover. This covers vandalism, severe weather, and any damages your passengers might cause to your vehicle.
Personal Injury Insurance (PIP)
The “first dollar” of medical expenses, and sometimes lost wages are covered by personal injury limo insurance. Because it covers all claims, regardless of fault, “Med Pay” and “no-fault” are often used terms.
Motorist Insurance for the Uninsured and Underinsured
Uninsured Motorist Insurance: Covers your drivers in an accident with a driver without liability insurance.
Underinsured Motorist Insurance: Covers your drivers in an accident with an at fault driver whose liability limits are not sufficient to cover the damages or medical expenses.
FL Limo Insurance Requirements
You will need to comply with the state regulations in Florida if your limousine company employs drivers. These regulations may include coverage requirements for certain amounts, such as bodily injury or property damage liability coverage, workers compensation, and employment liability.
FL Limo Service Risks & Exposures
High exposures to commercial auto are common. Valid licenses are required for all drivers to drive the type of vehicle they intend to use. Regularly check MVRs to ensure they are acceptable. Regular training should be done to ensure drivers are able to drive in congested areas at night and in adverse weather conditions. Drivers need to be taught how to respond to medical emergencies.
Random testing should be done to determine if there has been any alcohol or drug abuse. When the limousine is being driven, it should be equipped with child safety seats and seat-belts. Proper maintenance of vehicles must be done on a regular basis. It may prove difficult to replace vehicles damaged in an accident. Additionally, furnishing them with similar amenities might be costly.
Because the public is not allowed to access the garage or office, the exposure to premises liability is limited. Most passengers are not subject to general liability but automobile liability. If a bar is installed due to intoxicated passengers injuring themselves or others, there may be liquor liability exposure. Drivers need to be trained to recognize signs of inebriation and require proof of age.
In addition to personal injury exposures such as assault and battery, invasion of privacy and invasion of privacy, there may be allegations against taxi companies for negligent hiring or supervision of drivers.
Due to the possibility of being injured in an automobile accident, workers compensation exposures can be very high. Passenger altercations can cause injuries to drivers who are often working alone after dark. Handling luggage and other belongings of passengers can cause strains, sprains and back injuries. Proper maintenance is essential for limousines. They should have two-way communication devices, passenger and driver shields, surveillance cameras, a global position system (GPS), as well as safety equipment appropriate to the weather.
Driving training should cover how to handle inebriated and uncooperative passengers. The mechanics could be exposed to toxic fumes during refueling and repair operations. This should only be done in well-ventilated places. Repairing brakes can expose you to asbestos.
Property exposures can be from dispatch and office operations. The ignition sources are electrical wiring, heating, or air conditioning systems. The fire risk increases if limousines are kept on the premises.
They must be labeled and stored properly, and kept apart. When welding is done, tanks and gases need to be properly handled. The operation should be separated from other operations using flash/welding curtains. Although tires don’t ignite very quickly, once they do ignite, it is difficult to extinguish them and the oily smoke can permeate the area.
Employee dishonesty is the main cause of crime exposures. Most transportation arrangements are made in advance and paid by credit cards. All employees handling money should have criminal and background checks. Different people should be responsible for billing, ordering, disbursement, and other tasks. Regular outside audits are recommended.
If the service offers credit, computers and valuable papers and records, such as customer information and contracts with independent drivers, accounts receivables may also be included.
Satellite tracking systems and computers can be used to track cars and keep drivers in touch. To be able to reproduce the data in an emergency, all data must be duplicated.
Florida Limousine Insurance – The Bottom Line
Discuss your situation with your broker and request quotes for FL limousine insurance.
Florida Economic Data and Commercial Insurance Requirements
Before you start a business in Florida, you need to be familiar with the economic status of the state. You should also be familiar with the regulations and rules regarding FL commercial insurance. This information will help you determine whether Florida is right for you and your company.
Florida Regulations and Limits for Commercial Insurance
Insurance in Florida is regulated by the Florida Office of Insurance Regulation. Workers’ compensation is the only type of insurance that business owners need to have. If they have employees who are salaried or hourly, all businesses must have this coverage. However, coverage is not required for organizations with fewer than three employees.
If they use vehicles to transport goods or make deliveries, business owners must also have commercial auto insurance. Florida business owners should also consider commercial liability insurance, even though it is not required by law.
Commercial Vehicle Insurance for a Limo Service in Jacksonville, FL
A vehicle accident can injure a child, a single-earning wage earner, a brain surgeon or even a homeless person. Depending on the injuries sustained by the victim, the accident costs could be small or large. Are you able to pay for such expenses?
This chapter is home to some of the most tightly regulated trucking operations in the country. Each type of regulation is subject to multiple levels, including federal, state, and municipal. Because of the high risk of bodily injury and property damage, regulations are essential.
If not properly handled, all cargo can have serious consequences for the owner of the cargo and the general public. Carriers must show that their equipment is in safe condition and that their employees are professional.
Insurance companies pay amounts that an insured is legally required to pay for damages due to bodily injury, property damage, and certain types of pollution events.
Accidental occurrences that involve vehicles covered by the Business Auto Coverage Form are exempted from the obligation to pay. A pollution event that is eligible is only covered if it causes a covered bodily injury, or property damage loss.
To protect your business, it is essential that you have the right Limit of Insurance. This is the maximum insurance company will pay for all damages.
You have many responsibilities as the owner of a limousine service. You must first protect your financial interests. Then, consider the best interests of your employees. Finally, consider the risks that your customers face.