Transportation Insurance
Transportation Insurance Coverage
Transportation insurance can be used to describe a broad range of insurance coverages that pertain to transportation of people and/ or goods. Insurance for commercial transportation of goods and products for storage and distribution is often classified under cargo and logistics. However, commercial transportation of people requires different insurance requirements than transportation of products (for example, as in the case of rideshare or bus rentals). Additionally, some businesses require commercial transportation of products via courier or delivery service: for example, residential delivery of a product that was ordered and shipped direct-to-consumer through a catalog or website.
These different types of transportation insurance entail different risks, and as such, may have different insurance requirements. Learn about different types of transportation insurance below.
Looking for Logistics & Cargo Insurance? Logistics & Cargo Insurance focuses on transportation of goods and products through the supply chain. Learn more about Cargo & Logistics Insurance.
Types of Transportation Insurance
Passenger Transportation Insurance
Insurance for passenger transportation can include insurance for any number of commercial operations that involve transportation of people and passengers, from a public transportation service (such as metro, train, or bus) to school buses, to a private passenger transportation service (as in a private bus or limo). Mode of transportation may vary such as boat, vehicle, plane, etc.
Passenger transportation insurance should include commercial liability insurance to cover the company and operator against claims and may offer additional coverage add-on options such as worker compensation and property or equipment. In addition, passenger transportation insurance should include coverage for claims that could result from injury to a passenger while the passenger is utilizing the service. Passenger transportation insurance should include coverage above and beyond basic auto or vehicle insurance in order to encompass commercial applications of vehicle use.
Rideshare Insurance
An increasingly common form of passenger transportation is classified as rideshare or ridesharing. Rideshare operators need to make sure that their vehicles and property are covered in the event of an accident; however, because they are using a personal vehicle for a commercial application, personal auto insurance may not offer sufficient coverage in the event of claims. Rideshare insurance companies offer policies that specifically help to cover the commercial liability of a rideshare operator, as well as property coverage, and offer additional protection for the driver in the event of passenger claims.
Since many rideshare operators use ridesharing as a side-hustle, many simply are looking to find the cheapest rideshare insurance that will fit industry requirements. While having an affordable policy is better than having no policy at all, the best policy is the policy that will give you the right coverage in the event of claims.
Charter Bus Insurance
Charter bus services can include tour buses, private buses, and event or venue buses. Private bus insurance cost and charter bus insurance cost may vary depending on the bus passenger capacity, as well as primary location, and bus route from origin to destination. Charter bus insurance requirements may be different from state-to-state, and even from city-to-city, as some municipalities may have additional restrictions and regulations placed on bus services.
Whether you are looking for tour bus insurance or charter bus insurance, make sure that your vehicle meets minimum regulatory equipment and safety standards in order to ensure that your policy will apply in the event of claims.
Delivery Driver Insurance
Auto insurance for delivery drivers is only one part of a delivery driver's insurance needs. A delivery driver also should have coverage that includes general liability insurance for delivery service businesses. For example, a complete package for pizza delivery insurance should include coverage for drivers, vehicles, and claims that could result from improper delivery or lack of adherence to food safety regulations in the food delivery process.
Individuals who are specifically looking for driver insurance such as Uber Eats insurance coverage, Grubhub insurance or Instacart car insurance should verify company requirements before purchasing a policy.
Some drivers also offer services for multiple rideshare or delivery service companies. In such cases, it's important to verify that your insurance coverage will apply for multiple applications for vehicle use. For example, car insurance for Instacart (or Instacart auto insurance) may cover activities related to Instacart, but it may not cover activities for Uber.
Don't assume that your personal auto insurance policy offers sufficient coverage for rideshare or commercial delivery activities.
If you're not sure what combination of coverage you need, talk to a Guardify agent to make sure that you get adequate coverage for all applications of your vehicle use.
Limo Insurance
Commercial limo insurance or limo bus insurance should include commercial liability insurance, vehicle insurance (with excess auto if needed), and liability insurance in the event of passenger claims. Some policies may also include options for workers compensation. Limo insurance requirements may vary from state to state, but proof of insurance may be mandatory for licensing.
Limo insurance quotes may also vary depending on the state of operations and routes of operation. Limo insurance cost will depend on the scope of coverage requested as well as the scale of limo company operations.
Courier Fleet Insurance
Courier insurance refers to coverage for any number of delivery services. With the rise of online shopping and retailers, shippers increasingly utilize private delivery contractors in order to meet delivery demand. Courier business insurance or a couriers insurance package should cover general liability, as well as employees (and possibly limited coverage for contractors), as well as vehicles, and potential claims resulting from loss, damage, or theft of goods or packages while under the care of the courier business.
Independent contractor courier insurance should cover an individual courier operator, as well as that individual's vehicle, and liability for claims that may result from lost or damaged goods during transport.
Courier insurance requirements may depend on regulations of a company that an independent courier contracts with, as well as state and federal requirements. Proof of insurance may be required for licensing.
Rideshare Insurance Texas
If you're looking for Texas rideshare insurance, make sure that your auto policy and transportation insurance coverage meet Texas state requirements. As a Texas-based company, Guardify understands Texas state requirements and can help you get the right coverage for your Texas insurance needs as a rideshare driver, delivery driver, or courier service provider.