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The transportation industry has several different sectors, one being passenger vehicles. Each sector might require different insurance policies depending on their state and operation. Vehicles carrying passengers are responsible for getting the clients to their destination safely and without incident. Passenger transportation carriers have unique risks and call for specific insurance needs, and we’ll discuss the insurance options and considerations. 

What Is Passenger Transportation Insurance?

Passenger transportation vehicles are any automobile that can transport passengers other than motorcycles and trailers. Further, these businesses provide services for people to get to their destination securely for compensation. Each state has its own minimum insurance coverage requirements, and companies are legally obligated to maintain that insurance or face massive fines and penalties. The typical minimal policies are commercial auto insurance and liability, but that might not meet every company’s needs. 

Carriers providing transportation services to people should consider obtaining comprehensive coverage to cover their drivers, passengers, and business. Drivers in this sector spend a lot of time on the road and in close proximity to clients. It’s vital to provide a safe environment for them. 

Passenger Transportation Policy Options

Each of these policies are designed to meet the specific needs of their niche services. The policies can vary slightly depending on the state and the insurance carrier. The minimal requirements for operators can differ as well; driving history, age, etc.

  • Taxi Insurance
  • Limousine Insurance
  • Rideshare Insurance
  • Shuttle Bus Insurance
  • Non-Emergency Medical Transportation Insurance

These policies typically offer coverage for vehicle accidents, litigation from the accident, medical bills, and related expenses. The most common claims from passenger transportation vehicles are car accidents, so having sufficient coverage is imperative to avoid costly repairs and possible legal dues. The coverage amount depends on the policy and might require supplemental policies. 

Other Insurance Policy Options

While the above insurance policies are vital, they aren’t comprehensive enough to safeguard the entire business from other risks and exposures. Some exposures aren’t limited to the drivers on the road but pertain to data breaches, theft, bodily accidents, etc. Having these policies can prevent future claims. 

  • Business Insurance
  • Uninsured Motorist
  • Bodily Injury Liability
  • Commercial Liability
  • Workers Compensation 
  • Cyber Liability
  • Business Owners Policy

Best Practices For Safely Operating Passenger Transportation Vehicles 

Along with state requirements, each transportation company must comply with the Federal Motor Carrier Safety Administration (FMCSA). The FMCSA ensures that the commercial vehicles are operating safely and following regulations. All vehicles must be properly registered, and all drivers must have appropriate licenses. The Department of Transportation (DoT) also has its set of regulations in conjunction with FMCSA.

Companies can save on insurance premiums by implementing top-of-the-line safety protocols and technology. Combining several insurance policies can reduce the premium cost as well as paying the premium upfront annually. This is unique to each carrier, but the insurance provider should discuss these options.

Protect Your Business With Biscayne Risk

Biscayne Risk & Insurance has been in the insurance industry for years and understands how to protect each company’s assets and employees by selecting the perfect insurance policies. The passenger transportation sector is unique as it deals with both driver and passenger. Our team of risk analysts can determine the known associated risks with this niche industry and guide you through the transportation insurance solutions. Contact us today to learn more about our services. 


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Fill out the contact form below or call 561.571.1001 to speak to a member of our team.
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