Paratransit Insurance: Cost & Quotes From $45/mo

Table of contents

According to data analysis by the Bureau of Transportation Statistics, 15% of disabled workers ride as passengers on their commute to work. Disabled persons and the elderly might find riding taxis or any other form of public transport strenuous. Paratransits provide a solution to this problem. Your business must be ready to face the unexpected. To protect your business from damaging lawsuits and damage claims, you will want to purchase paratransit insurance. Keep reading to determine which components you will need for your paratransit business.

General Liability Insurance for Paratransits

CoverWallet  NEXT (Best) Thimble Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $2,000,000 $1,000,000/$2,000,000
Aggregate limit  $2,000,000 $2,000,000 $1,000,000/$2,000,000 $2,000,000 $1,000,000/$2,000,000
Products and completed operations aggregate limit  $2,000,000 $1,000,000 $2,000,000 $1,000,000 $1,000,000
Advertising injury coverage aggregate limit  $1,000,000 $1,000,000 $2,000,000 $1,000,000 $1,000,000
Tenant’s legal liability coverage limit  $300,000/$1,000,000 $300,000 $100,000 $100,000 $1,000,000
Waiver of subrogation included? Yes No Included Can be included No
Hired/non-owned auto liability coverage included? Yes No No Can be included Can be included
Equipment breakdown floater included? No  Yes Yes Can be included Can be included
Can you get a certificate of insurance online? Yes Yes Yes Yes Yes
Name additional insureds? Yes Yes Yes Yes Yes
Deductible $0 $0 $0 $0 $0


General liability insurance will protect your paratransit business from third-party property damage and bodily injury claims that come from clients and the general public. Some example situations of this coverage include:

  • A client falls over and injures themselves while trying to get into your transport vehicle

  • Someone wanders onto your commercial building and cuts their leg in an accident

Add-Ons to General Liability Insurance for Paratransits

Below are a few popular add-ons you will want to look into for your paratransit business:

  • Inland marine coverage–Protects business tools and equipment when they are stored at another location or in transport across the land

  • Employment practices liability–Covers your business interests from lawsuits that accuse you of discrimination and wrongful termination

  • Excess liability–Extends coverage of your general liability policy beyond the normal limits

Coverage Limits of General Liability Insurance for Paratransits

Paratransit general liability insurance will have coverage limits between $1 million and $2 million. Higher limits are available if you talk things out with the insurance company. 


What Other Policies Should I Get to Compliment My General Liability Insurance?

Your paratransit insurance company will offer other important policies that you might want. Workers’ compensation helps protect your employees, and commercial property insurance helps protect your business property. Be sure to take inventory of your assets and employees so you can make an informed decision about which policy to get.


Errors and Omissions Insurance for Paratransits

CoverWallet  NEXT Thimble (Best) Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $1,000,000 $1,000,000
Aggregate limit  $2,000,000 $2,000,000 $1,000,000/$2,000,000 $1,000,000 $2,000,000
Name additional insureds? Yes Yes Yes Yes Yes
Waiver of subrogation included? Yes No Yes Can be included No
HIPAA coverage included? No No No No No
Sexual misconduct coverage included? No No No No Can be included
License defense coverage included? No No No No Can be included
Deductible  $500 $500 $500 $50/$10,000 $500


Error and omissions insurance for paratransit businesses protects you financially from mistakes, errors, oversights, and negligence that your business may make. Some example situations include:

  • An employee drops a passenger off at the wrong stop, where they get injured unnecessarily

  • One of your employees makes a scheduling error that causes a client to miss an important medical treatment

Add-Ons to Errors and Omissions Insurance for Paratransits

  • Excess liability–Extends the coverage of your errors and omissions insurance to cover expensive incidents when your coverage limit starts to run thin

  • Extended reporting period–This allows you extra time to file your claim outside of normal policy limits

Coverage Limits of Errors and Omissions Insurance for Paratransits

Your para transit insurance will have a coverage limit of $1 million for errors and omissions insurance. It’s also possible to get an errors and omissions policy offering $2 million or more in coverage. 


Am I Able to Get My Certificate of Errors and Omission Insurance Digitally?

Yes, many top companies will offer to deliver your insurance certificate digitally through email or other means. This means you can get instant coverage and can show your coverage if you need to prove it to a client or governing agency.

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Commercial Property Insurance for Paratransits  

CoverWallet NEXT (Best) Thimble Hiscox The Hartford
Building coverage limit (minimum) $50,000 $260,000 $25,000/$500,000 $25,000 $60,000
Contents coverage limit (minimum) $50,000 $22,000 $25,000/$500,000 $25,000 $60,000
Outdoor signs Excluded $2,500 Excluded Excluded Excluded
Accounts receivable  Excluded Excluded $5,000/10,000 Included Excluded
Money and securities Excluded $2,500 $1,000 Included Excluded
Lock and keys  Excluded $2,500 Excluded Excluded Excluded
Business interruption floater Excluded Included Included Included Excluded
Equipment breakdown floater Excluded Included Excluded Excluded Excluded
Inland marine insurance floater Excluded Excluded $10,000 Excluded Excluded
Employee dishonesty floater Excluded $5,000 $2,500 Included Excluded


A paratransit insurance program with commercial property protection will provide financial compensation for building and business property damage caused by lightning, sinkhole collapse, and other covered perils. Examples include:

  • A fire starts out of nowhere and damages your business building forcing you to pay for repairs.

  • A thief breaks into your commercial building and steals some of your property

Add-Ons to Commercial Property Insurance for Paratransits

  • Equipment breakdown–Protects your paratransit business equipment if it gets damaged from internal breakdowns, power outages, and power surges.

  • Earthquake insurance–This provides earthquake peril coverage that is generally not standard with commercial policies.

Coverage Limits of Commercial Property Insurance for Paratransits

The usual commercial property insurance coverage is around $60,000. The amount of coverage you get is based on the value of your property.


Do My Paratransit Vans and Vehicles Get Covered Under Commercial Property Insurance?

No, commercial vehicles will need a commercial auto insurance policy. Since vehicles move and get into accidents, they require their own form of insurance protection. You can add commercial auto policies onto other insurance policies if need be.


Business Owner’s Policy for Paratransits  

CoverWallet Thimble (Best) NEXT  Hiscox The Hartford
General liability aggregate limit  $2,000,000 $2,000,000 $2,000,000 $300,000 $1,000,000/$2,000,000
Commercial property coverage limit  $50,000 $500,000 $260,000 $25,000 $75,000
Optional policies can be added? Yes Yes Yes Yes Yes
Name additional insureds for free? Yes Yes Yes Yes Yes
BOP discount? Yes Yes Yes Yes Yes


A business owner’s policy is a simplified policy that encompasses the protections of general liability insurance and commercial property insurance. Examples of coverage include:

  • An individual stumbles into your office and slips on a wet floor, injuring themselves

  • Your commercial building is vandalized and requires graffiti and broken windows to be cleaned up

Add-Ons to Business Owner’s Policy for Paratransits

  • Extra expense coverage–Adds protection for extra expenses that may occur while you are trying to get your business back into operation after experiencing property damage

  • Commercial crime insurance–Protects you from malicious actions from employees like theft, forgery, and other forms of business crime

Coverage Limits of Business Owner’s Policy for Paratransits

Your business owner’s policy will offer $1 million in general liability protection and between $20,000 and $50,000 in commercial property protection.


What is an Important Insurance Policy I Might Need That Isn’t Included in Business Owner’s Policy?

Workers’ compensation insurance is a policy that protects your employees from injuries and illnesses they contract on the job. BOP does not include this coverage by default, so you will need to purchase this policy as well to get your employees covered. It may be important to get this coverage because most states require you to have this protection for your employees.


A person in a wheelchair is effortlessly maneuvering down a hallway.


Tools and Equipment Insurance for Paratransits

NEXT  Thimble Hiscox The Hartford
Aggregate limit $3,000/$10,000 $2,500/$5,000 $15,000/$25,000 $5,000-$10,000
Covers hired and borrowed equipment? $3,000/$10,000 $2,500/$5,000 No Yes
Miscellaneous equipment also covered? $5,000/$10,000 No Yes Yes
Offered as an endorsement to general liability insurance? Yes Yes Yes Yes
Deductible $500 $500 $0 $0


Tools and equipment insurance is a policy that protects business property even when it is away from your building premises. You get financial support when a piece of equipment is damaged or stolen and needs to be replaced. Examples include:

  • A repair tool you carry for your paratransit vehicles gets stolen

  • One of the crucial pieces of business equipment in your office gets vandalized in an attack

Add-Ons to Tools and Equipment Insurance for Paratransits

  • Equipment breakdown–Protects your equipment from additional perils related to mechanical and electronic breakdowns. Does not cover ordinary wear and tear, rust, or corrosion

  • Business interruption–Covers times when damage to your commercial property results in lost profits and difficulties paying rent and loans

Coverage Limits of Tools and Equipment Insurance for Paratransits

Tools and equipment insurance typically has a coverage limit of $5,000 to $20,000.


Commercial Auto Insurance for Paratransits

Commercial auto insurance is a policy that protects your commercial vehicles from liability claims and damage. Times to use this insurance include:

  • While transporting a client, your vehicle gets into a collision accident

  • A criminal breaks into your vehicle and damages the windows

Your paratransit commercial auto insurance includes basic coverages, which include:

  • Auto liability–Covers the medical expenses of victims if you caused a vehicle crash

  • Collision–Protects your vehicle from the damage it gets from vehicle collisions

  • Comprehensive–Covers your vehicle for other physical damage like theft, vandalism, and natural weather

Add-Ons to Commercial Auto Insurance for Paratransits

  • Roadside assistance–Helps pay for towing, gas delivery, battery jumpstarts, and other roadside breakdown services.

  • Medical payments–Covers medical expenses for the driver and any passengers in an accident, even if your party is at fault

  • New vehicle replacement–Insures your vehicle against depreciation, so you get the full value back in the case of a total loss

Coverage Limits of Commercial Auto Insurance for Paratransits

Paratransit commercial auto insurance policies will have between $100,000 and $1 million in liability coverage. Higher limits will be available depending on the insurer.


Can I Buy More Coverage Later if I Need It?

Yes, many insurers let you add coverage to an existing policy up to a certain limit. If you’re starting to run out of coverage, another thing to do is to buy an excess liability policy or umbrella policy.


Workers Compensation Insurance for Paratransits  

Workers’ compensation insurance will protect your paratransit workers from injuries and illnesses they contract while on the job. Example coverage situations include:

  • An employee develops chronic neck pain from driving around clients that restrict the amount of time they can work

  • While helping a customer, an employee injures their back and is unable to work

Does Workers’ Comp Cover Intoxicated Employees?

No, typically, workers comp policies will not cover extreme acts of intentional negligence like showing up to work under the influence substances. Also, fights the employee starts will not be covered.


Is Workers’ Compensation Insurance Legally Required for Paratransit Businesses?

Yes, regardless of industry, most states will require that any business with a certain amount of employees will need to purchase workers’ compensation insurance.


Excess Liability Insurance for Paratransits

Excess liability insurance adds extra coverage to existing policies in case they can’t quite fully protect you. Example situations include:

  • Your general liability policy only covers $1 million, but you need it to cover $1.5 million

  • A lawsuit soaks up more coverage than you anticipate, forcing you to buy more coverage to cover your costs

Coverage Limits of Excess Liability Insurance for Paratransits

Excess liability can add additional coverage between $1 to $5 million, although this limit can be much higher depending on the insurer.


Does Excess Liability Insurance Help Alleviate Policy Exclusions?

No, excess liability insurance does not affect the existing coverage exclusions in the underlying policy that it modifies. Your excess liability policy will have to follow all the exclusions that were already set in your policy. 


Cyber Liability Insurance for Paratransits

Cyber liability insurance protects your paratransit business against the costs of data breaches and other forms of hostile cyber-attacks. Example coverage situations may include:

  • Your client data is compromised through a data breach and you need to pay costly fees to inform your clients

  • A cyber attack causes damage to the important files stored in your computer

Add-Ons to Cyber Liability Insurance for Paratransits

  • Cyber extortion–Helps you recover costs when you have to deal with your data being ransomed.

  • Digital media–Covers online content liability claims that involve copyright, invasion of privacy, and other online media perils.

Coverage Limits of Cyber Liability Insurance for Paratransits

Paratransit cyber liability insurance will typically have a coverage limit of $1 million.


What Exclusions Can I Expect To See for Cyber Liability Insurance?

Typically cyber liability insurance will exclude coverage for incidents that involve deliberate or malicious intent on the part of the policyholder. Also, insurers will exclude significant events like wars and uprisings.


What Types of Data is Covered by Cyber Liability Insurance?

Your paratransit cyber liability insurance will cover personally identifiable information, research information, data hosting, data storage, and confidential information from third parties that your business keeps.

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Paratransit Insurance Cost

Cost per Month Cost per Year Deductible
General liability insurance $48 $576 $0-$500
Professional liability insurance $53 $636 $500-$1,000
Cyber liability insurance $59 $708 $500-$1,000
Commercial property insurance $89 $1,068 $1,000-$2,000
Business owner’s policy $105 $1,260 $1,500
Tools and equipment insurance $55 $660 $500-$1,000
Workers compensation insurance $107 $1,284 $2,000-$5,000


The average paratransit insurance cost is $48 per month or $576 per year for a $1 million general liability insurance. Factors that affect the cost of premiums are claims history, business history, policy limits, deductibles, location, revenues, and number of employees. Here’s a table showing the cost of a $1 million general liability insurance from the best companies:

Cost per Month Cost per Year Best for
NEXT $25 $300 Best overall; Fastest general liability insurance for paratransits
CoverWallet $33 $396 Comparing paratransit insurance quotes online
The Hartford $28 $336 Claims experience for paratransit insurance
Tivly $31 $372 Comparing paratransit insurance quotes over the phone
Thimble $36 $432 Short-term general liability insurance for paratransits
Hiscox $40 $480 Paratransit insurance with worldwide coverage

Compare Cheap Paratransit Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Paratransit Insurance Companies

Before we wrap up, take a look at our reviews of the top providers of paratransit insurance policies. Proceed below to know their pros, cons, and average rate for a $1 million general liability insurance. 


NEXT Paratransit Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for paratransits

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 

Cons

  • Couldn’t find any

NEXT is one of the best choices for your paratransit insurance. They offer coverages like general liability, commercial auto, and business owner’s policy. NEXT was founded in 2016 and has a strong financial track record. They are also accredited by the Better Business Bureau.

Best for: Best overall; Fastest general liability insurance for paratransits

Average cost: $25 per month

Our rating: 10/10 


The Hartford Paratransit Insurance

Pros

  • 4.8/5 star claims experience from over 13,000 customer reviews

  • A significant portion of customers are small businesses

  • Renowned company for workers compensation insurance

Cons

  • Will need to check policy coverage for your state

The Hartford offers fast and easy quotes online that they claim only take 8 minutes to complete. They offer paratransit policy options like business owner’s policy, workers’ comp, and professional liability insurance. The Hartford has an A- score from AM Best.

Best for: Claims experience for paratransit insurance

Average cost: $28 per month

Our rating: 10/10 


CoverWallet Paratransit Insurance

Pros

  • Many great coverage options for paratransit policies

  • The convenient dashboard helps you track policies and claims

  • Compare quotes online

Cons

  • Not an insurance company but an insurance broker 

CoverWallet is an online insurance platform that acts as your virtual wallet for insurance. They match you with their top partners to find paratransit insurance policies like general liability, commercial auto, and workers’ compensation.

Best for: Comparing paratransit insurance quotes online 

Average cost: $33 per month

Our rating: 10/10 


Tivly Paratransit Insurance

Pros

  • Connects you with experienced partners

  • Grants coverage regardless of your risk profile

  • Compare quotes over the phone

Cons

  • You need to call to get a quote

Tivly offers several policies that you will want for your paratransit insurance. They have a business owner’s policy that covers business interruption, property damage, advertising injury, and more. You can also add workers’ compensation, commercial auto, equipment breakdown, cyber liability, and more. Call now to compare quotes over the phone. 

Best for: Comparing paratransit insurance quotes over the phone 

Average cost: $36 per month 

Our rating: 10/10


Thimble Paratransit Insurance

Pros

  • Get general liability insurance as a short-term policy

  • Fast-growing insurance company

  • Numerous add-ons to general liability and business owner’s policy

Cons

  • Some customers report overpaying for some policies they don’t need

Thimble is an insurance company with policy options for over 300 professions. They excel at first time-buyers and have an excellent app that has been praised by names like Forbes. Thimble has all the policies you will want for your paratransit coverage and has an A+ rating from the Better Business Bureau to back them up.

Best for: Short-term general liability insurance for paratransits

Average cost: $38 per month 

Our rating: 10/10 


Hiscox Paratransit Insurance

Pros

  • Helpful and dedicated insurance agents

  • 500,000 small businesses trust Hiscox

  • Worldwide coverage

  • 14-day money-back guarantee

Cons

  • Some policies are limited to businesses with few employees

Hiscox is an insurance provider that was established in 1901 that offers quick coverage and tailored experience from its insurance team. They offer general liability, errors and omissions, cyber security, workers’ compensation insurance, and more. The company has an A rating from AM Best.

Best for: Paratransit insurance with worldwide coverage

Average cost: $40 per month

Our rating: 10/10

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