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Shuttle buses are the best mode of transport for 20 passengers or more. Shuttle bus businesses provide an essential transportation service for corporate events, airport transfers, or group tours.
Operating a shuttle bus comes with its own set of risks. That’s where shuttle bus insurance protects your business from potential liabilities.
This article explores different types of shuttle business insurance, their coverage limits, the costs involved. Additionally, we’ll introduce you to some of the best shuttle bus insurance companies in the market.
Charter bus operators must have general liability insurance and commercial auto liability insurance. Owners must get a $1 million-$1.5 million general liability policy with proof of insurance. Auto liability insurance requirements, on the other hand, vary per state. However, this must be at least $5,000,000 combined single limit.
As a shuttle bus operator, general liability insurance is a crucial policy to safeguard your business from common risks. This inclusion in shuttle and charter bus insurance covers bodily injury, property damage, and personal injury claims that may arise during your shuttle service operations.
The coverage limits for general liability insurance typically range from $1 million to $5 million, depending on your business needs and requirements.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $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 | Excluded | 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 |
Commercial property insurance offers comprehensive coverage for the various tangible components associated with your business, including office space, garages, and equipment.
Whether you own or lease your office space, garages, or equipment, having the right coverage can protect you from financial losses due to unforeseen events such as fire, theft, vandalism, or natural disasters.
The coverage limits for commercial property insurance vary based on the value of your property, equipment, and other assets. Coverage ranges from $100,000 to $1 million.
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
| Building coverage limit (minimum) | $50,000 | $320,000 | $25,000/$500,000 | $75,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $75,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
A business owner’s policy (BOP) offers shuttle service insurance that combines the essential coverage of general liability insurance and commercial property insurance into a single comprehensive package. This specialized policy provides shuttle bus operators with a convenient and cost-effective solution to mitigate liability and property-related risks.
The coverage limits for a business owner’s policy are $1 million-$2 million for the liability coverage and $25,000-$60,000 for the commercial property coverage.
Shuttle bus businesses with employees require reliable workers’ compensation insurance. This type of shuttle insurance provides coverage for medical expenses, lost wages, and rehabilitation costs in the event of work-related injuries or illnesses, ensuring the well-being of your staff.
State laws typically determine workers compensation coverage limits. Therefore, there are no set payout amounts for workers compensation insurance.
Get all the best quotes from leading providers in a click of a button!
Operating shuttle buses requires commercial auto insurance to protect against potential accidents, property damage, or bodily injuries that may occur. You will get $25,000 per injured person, $50,000 per accident, and $15,000 per property damage as the minimum.
The coverage limits for commercial auto insurance depend on several factors, including the number of vehicles, their value, and the nature of your shuttle bus operations.
| Cost per Month | Cost per Year | Deductible | |
| General liability insurance | $40 | $480 | $0-$500 |
| Commercial property insurance | $60 | $720 | $1,000-$2,000 |
| Business owner’s policy | $100 | $1,200 | $1,500 |
| Commercial auto insurance | $78 | $936 | $500-$1,000 |
| Tools and equipment insurance | $43 | $516 | $500-$1,000 |
| Workers compensation insurance | $107 | $1,284 | $2,000-$5,000 |
The average shuttle bus insurance cost is $40 per month or $480 per year for a $1 million general liability policy. Factors that affect shuttle insurance costs are claims history, business history, policy limits, deductibles, annual revenues, and number of employees.
NEXT is a leading provider known for offering comprehensive shuttle insurance coverage with competitive costs. Their tailored policies address shuttle service businesses’ unique risks, providing peace of mind and financial protection.
Average cost: $24 per month
CoverWallet is a renowned insurance provider offering comprehensive coverage options for shuttle service businesses. They specialize in tailoring insurance solutions to meet the unique needs of shuttle bus operators.
Average cost: $27 per month
The Hartford is a renowned insurance company offering comprehensive shuttle service insurance options. This company creates specialized insurance solutions if your business profile is poor.
Average cost: $30 per month
Tivly® specifically caters to shuttle bus operators and assists them in finding affordable quotes from preferred insurance companies, streamlining the insurance buying experience.
Average cost: $33 per month
Average cost: $35 per month
Hiscox offers a general liability policy having worldwide coverage for shuttle bus operators. The policy also comes with add-ons such as tools and equipment and HNOA coverage.
Average cost: $38 per month
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