Limousine and Taxi

Why Choose an Independent Agency for Your Livery Insurance?

Navigating the complexities of commercial auto insurance, especially for for-hire vehicles, can be challenging. Unlike captive agents who represent a single insurance company, as an independent agency, we work for you. We partner with multiple top-rated insurance carriers specializing in livery insurance, allowing us to:

• Shop for the Best Rates: We compare quotes from various providers to find the most competitive premiums without sacrificing essential coverage.
• Customize Your Policy: We’ll help you build a policy that precisely fits your business’s needs, whether you operate a single taxi or a large fleet of luxury limousines.
• Provide Unbiased Advice: Our priority is to protect your business. We offer objective guidance, ensuring you understand your coverage options and make informed decisions.
• Advocate for You: In the event of a claim, we’re on your side, working to ensure a fair and prompt resolution.

Understanding Virginia’s For-Hire Insurance Requirements

Virginia law requires all vehicles used to transport people for a fee to carry commercial auto insurance. The Virginia Department of Motor Vehicles (DMV) also requires businesses operating for-hire intrastate transportation to obtain “For-Hire Intrastate Operating Authority” and provide proof of liability insurance.

While the minimum liability limits in Virginia for commercial auto policies are $25,000 per person, $50,000 per accident for bodily injury, and $20,000 for property damage (25/50/20), limousines and taxis often require significantly higher limits due to the increased liability associated with transporting passengers. For instance, the DMV specifies $125,000 for bodily injury and property damage for taxicabs. It’s also required to carry both Uninsured Motorist (UM) and Underinsured Motorist (UIM) coverages.

Essential Coverage for Your Limousine or Taxi Business:

A comprehensive livery insurance policy goes beyond basic liability. We can help you secure coverage for:

• Bodily Injury Liability: Covers expenses if your vehicle causes injury to a third party (passengers or other drivers/pedestrians).
• Property Damage Liability: Protects you if your vehicle causes damage to another person’s property.
• Collision Coverage: Pays for damages to your vehicle if it collides with another vehicle or object, regardless of fault.
• Comprehensive Coverage: Protects your vehicle against non-collision incidents like theft, vandalism, fire, or natural disasters.   
  
   
• Uninsured/Underinsured Motorist Coverage: Protects you and your passengers if an accident is caused by a driver with insufficient or no insurance.
• Medical Payments / Personal Injury Protection (PIP): Covers medical expenses for you and your passengers, regardless of fault.   
  
   
• Roadside Assistance / Towing & Labor: Essential for keeping your vehicles operational and minimizing downtime.   
  
   
• Business Interruption Expense: Provides income replacement if your vehicle is out of service due to a covered loss.
• General Liability Insurance: Covers broader business risks not directly related to vehicle operation, such as slip-and-fall incidents at your office or waiting area.
• Workers’ Compensation: Required in Virginia for businesses with more than two employees, this covers medical expenses and lost wages for employees injured on the job.
• Umbrella Liability: Provides an extra layer of liability protection above the limits of your primary policies.

Factors Affecting Your Premium:

The cost of your limousine or taxi insurance will depend on several factors, including:

• Type of Service: Limousines, black cars, and traditional taxis have different risk profiles.
• Vehicle Type & Value: Luxury vehicles or specialized vehicles will impact premiums.
• Driving History: The driving records of all your drivers are a significant factor.
• Location of Operation: Urban areas may have higher rates due to increased traffic and claim frequency.
• Coverage Limits & Deductibles: Higher limits and lower deductibles generally lead to higher premiums.
• Years in Business & Experience: Experienced operators may qualify for discounts.

Get Your Customized Quote Today!

Don’t leave your valuable limousine or taxi business exposed to unnecessary risks. Contact [Your Agency Name] today for a free consultation and a customized insurance quote. Our experienced agents are ready to help you navigate the complexities of for-hire commercial auto insurance in Virginia and find the ideal coverage at a competitive price.

Call us at (703) 354-5959 or fill out our online quote request form to get started!