1. Commercial Auto Insurance:
- This is a fundamental insurance for companies that transport passengers in vehicles. It covers bodily injury and property damage liability resulting from accidents involving company vehicles.
2. General Liability Insurance:
- This insurance offers protection against various liability claims, such as injuries sustained by passengers, damage to property belonging to passengers or third parties, and other general liability risks that arise during the course of business.
3. Workers' Compensation Insurance:
- This insurance safeguards employees in case of work-related injuries or illnesses. It covers medical expenses, lost wages, rehabilitation costs, and more, ensuring employee well-being and compliance with labor laws.
4. Umbrella Insurance:
- Umbrella insurance provides additional liability coverage beyond the limits of the primary insurance policies mentioned above. It acts as a safety net to protect the company's assets in the event of significant losses exceeding the underlying insurance limits.
5. Business Property Insurance:
- This insurance covers physical damage or loss to company-owned property, including vehicles, equipment, and office premises, resulting from incidents such as fire, theft, or vandalism.
6. Professional Liability Insurance (Errors & Omissions):
- For companies providing non-medical transportation services, professional liability insurance protects against claims of negligence or errors that lead to financial losses for passengers or clients.
7. Cyber Liability Insurance:
- In today's digital age, cyber liability insurance is essential to safeguard the company's electronic data and systems from cyber threats and data breaches.
8. Cargo Insurance:
- If the company transports valuable items or cargo, cargo insurance ensures financial coverage in case of loss, damage, or theft of cargo while in transit.
Consulting with an experienced insurance broker or agent is advisable to assess the specific risks associated with your non-medical transportation business and tailor an insurance portfolio that meets your unique requirements adequately.
