Don’t Let an Accident Break Your Limo Business

Owning a limo business can be lucrative, but it can also be risky if you don’t know what you’re doing. Without the right licenses, permits and protections, you could be setting yourself up for serious liability risks. To protect your company, start with adequate insurance coverage.

Commercial Liability Coverage

All businesses need commercial liability coverage. If an accident occurs, you pay the deductible on your policy. Accidents should not break your business. Commercial liability coverage helps you recover after an unfortunate event.

Employment Practices Liability

When owning a limo business, you need employment practices liability. You are responsible for how your company treats its employees. If your business faces accusations of sexual harassment, wrongful termination or discrimination, employment practices liability will help protect you financially.

Uninsured Motorist

You cannot control other drivers. You could lose money if one of your drivers is involved in an accident with an uninsured motorist. When the other driver is at fault, he or she cannot pay damages without insurance. An uninsured motorist policy protects you in these situations.

Cover Your Needs When Owning a Limo Business

When owning a limo business, you must be ready for the unexpected. All industries have unpredictable events. Limo businesses are liable for injuries and damages caused to passengers. Without insurance, a lawsuit could devastate your company.