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.
| 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
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
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.
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.
| 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
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
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.
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.
Get all the best quotes from leading providers in a click of a button!
| 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
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.
The usual commercial property insurance coverage is around $60,000. The amount of coverage you get is based on the value of your property.
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.
| 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
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
Your business owner’s policy will offer $1 million in general liability protection and between $20,000 and $50,000 in commercial property protection.
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.
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| 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
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
Tools and equipment insurance typically has a coverage limit of $5,000 to $20,000.
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
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
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.
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 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
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.
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 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
Excess liability can add additional coverage between $1 to $5 million, although this limit can be much higher depending on the insurer.
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 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
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.
Paratransit cyber liability insurance will typically have a coverage limit of $1 million.
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.
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.
| 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 |
Get all the best quotes from leading providers in a click of a button!
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.
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
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
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
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
Many great coverage options for paratransit policies
The convenient dashboard helps you track policies and claims
Compare quotes online
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
Connects you with experienced partners
Grants coverage regardless of your risk profile
Compare quotes over the phone
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
Get general liability insurance as a short-term policy
Fast-growing insurance company
Numerous add-ons to general liability and business owner’s policy
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
Helpful and dedicated insurance agents
500,000 small businesses trust Hiscox
Worldwide coverage
14-day money-back guarantee
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
1 / 5
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
1 / 5
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
1 / 5
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
5 / 5
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
5 / 5
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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