The Importance of Insurance to your Transportation Business

​Depending on the type of transportation business you operate, running the business usually includes a variety of vehicles such as sedans, vans, and buses. These vehicles are offered as a taxi, van rental services, and coaches for transporting guests to tours and other special events. Enumerated below are the types of insurance coverage that many find it essential to transportation business.

​Liability Insurance Coverage
This limited insurance coverage covers your transportation business if one of your transport vehicles meets an accident where one of your designated drivers acknowledges his fault. This limited insurance covers human injury and property damage. It also includes body insurance that shoulders the costs of an ambulance for the passenger or driver in another car involved in the car accident. It also covers the cost of property damage to other vehicles and other person’s property.
 
Collision Coverage
Collision coverage will take responsibility for the cost of repairs or replacement costs of your vehicle in the event your car crashes into another transport system, to a light post, or a concrete barrier, even if it is your fault. This collision coverage is designed to repair the damage or replace your car when it is found to be severely damaged.

Medical Payments Coverage
This type of insurance coverage will shoulder the cost of your medical bills if you are involved in a car accident. This insurance coverage will also cover the value of the medical bills of your passengers. It also includes the costs of medical bills or any passengers even without insurance or with health insurance.

Comprehensive Coverage
Comprehensive insurance coverage for your vehicles is designed to take responsibility for the expenses of repairs or replacement of your car after you met an accident or other non-accident, and it also covers the cost of your medical expenses.

Additional Liability Coverage
You can obtain, from your insurance company, additional liability coverage also called umbrella insurance. This insurance can increase the limits of your liability coverage significantly to help protect your transportation company from the lawsuit.

Transportation insurance is designed to give protection to vehicles and its passengers. As a business owner, you need to know why transportation insurance is vital to your business.

At Cornerstone Insurance Agency , we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (888) 661-8831 or Click Here to request a free quote.