Taxis can only carry two or three passengers. 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.Â
Operating a shuttle bus comes with its own set of risks. That's where shuttle bus insurance protects your business from potential liabilities.Â
This article explores different types of shuttle insurance, their coverage limits, available add-ons, and 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.
| 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 |
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.
Slip and fall accidents by passengers while boarding or disembarking the shuttle bus
Property damage caused by the shuttle bus during transit or at the pickup/drop-off locations
Personal injury claims resulting from alleged negligence, such as driver errors or vehicle maintenance issues
Commercial umbrella insurance provides additional coverage beyond the limits of your general liability policy, offering increased protection in case of high-value claims
Hired and non-owned auto insurance extends liability coverage to vehicles not owned by your business but used for shuttle service operations, such as rented or employee-owned vehicles
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| 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 |
Protecting physical assets is vital for the smooth operation of your company. Commercial property insurance offers comprehensive coverage for the various tangible components associated with your business, including office space, garages, and equipment.Â
Shuttle insurance providers understand the unique needs of shuttle bus businesses and offer tailored commercial property insurance policies to safeguard your valuable assets. 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.Â
Damage to your office or garage due to fire, natural disasters, vandalism, or theft
Replacement or repair costs for specialized equipment used in your shuttle bus operations
Business interruption insurance covers lost income and ongoing expenses if your shuttle bus operations are temporarily halted due to a covered event
Equipment breakdown insurance protects against financial losses caused by the breakdown of essential equipment, such as HVAC or computer systems
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| General liability 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 |
| Commercial property coverage limit | $50,000 | $320,000 | $25,000/$500,000 | $75,000 | $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 (BOP) offers shuttle service insurance that combines the essential coverage of general liability insurance and commercial property insurance into a single comprehensive package.Â
This specialized policy provides shuttle bus operators with a convenient and cost-effective solution to mitigate liability and property-related risks, ensuring the smooth operation of their business.
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.Â
Accidents resulting in bodily injury or property damage caused by your shuttle bus
Damage to your office space, garages, or other owned property
Lawsuits related to negligence, personal injury claims, or advertising liabilities
Cyber liability insurance protects your shuttle bus business from cyber threats, data breaches, and associated liabilities
Professional liability insurance covers claims arising from professional errors, negligence, or omissions in your shuttle bus services
Employment practices liability insurance (EPLI) covers lawsuits related to employment practices, such as wrongful termination, discrimination, or harassment claims
A business owner's policy offers convenience and potential cost savings by bundling essential coverages into a single policy.
