For companies that provide transportation services, it’s crucial to have livery insurance. Separate from car insurance, livery provides additional coverage for drivers and their vehicles who experience an accident while on the job. While this policy is essential in the transportation industry, many people still have questions about this insurance.

Common Livery Insurance Questions

Why is livery insurance important?

Whether you own a fleet of vehicles or a one-person cab service, livery insurance keeps your protected where personal auto insurance doesn’t. With the latter, insurance providers deny claims if you get in an accident while performing business duties in the car because it didn’t happen during personal use. With livery, however, the damages would be covered, so you don’t have to pay out of pocket.

How is it different from commercial insurance?

Commercial car insurance covers cars, trucks, and vans that a company uses in its daily operation. This includes construction trucks, pizza delivery cars, and companies that have vans that pick up goods. Livery insurance, however, covers vehicles that specifically transport people from one destination to the next.

Who needs this kind of insurance?

Companies that benefit from livery insurance coverage include taxi services, limo drivers, and privately-owned airport shuttle services. With the growth of individual ride-share contractors, this insurance is becoming more important as it adds further protection to what the parent company provides. 

Is it cost-effective?

Insurance brokers recommend obtaining this type of policy as damages to a vehicle can result in a costly bill. While everyone tries to avoid getting into an accident, sometimes it’s out of a driver’s control. One serious incident that is covered by this insurance can often pay for the policy itself, so it’s a cost-effective safety net. 

 

 

To better understand how you can benefit from livery insurance, contact the professional insurance brokers at P.D.H Insurance Brokerage, Inc. in Valley Stream, NY. For the past 30 years, their team of experts has helped residents find the perfect insurance solution for a variety of situations. They’re an independent agency with access to the nation’s top providers so they can find the best coverage for you. Schedule an appointment by calling (516) 561-5227 or visit them online to browse their services.