When you run a business that relies on buses, it means that you also hire drivers to transport people and are responsible for them. Consequently, you need to be sure you have coverage for your vehicle and possible passenger injuries. Bottom line, you need good bus insurance.
Commercial buses are classified by their use. There are charter buses, party buses, school buses, and tour buses. Tour and charter buses are more rare, but they usually run for greater distances and cross state boundaries. School buses, on the contrary, run in limited areas but are used on a regular basis. Plus, they transport children, who are a more at-risk group than adults.
Because all buses have unique functions, they require different levels of insurance coverage. It is important to discuss the options for your commercial insurance with an experienced agent in order to protect your investment.
What Kind of Bus Insurance Do You Need?
It’s essential to have liability insurance for your bus or buses. It covers your business if there’s an accident and your driver is at fault. There are two parts to liability insurance. Property damage will cover the expenses if the accident damages other vehicles or property. Bodily injury will take care of medical expenses if a driver or passengers in another vehicle have been injured.
Another type of bus insurance coverage that’s important to have is collision insurance. If there has been damage to your vehicle, it will be covered no matter who’s at fault.
Because you deal with the passengers, you also need to have medical coverage. It will cover your medical expenses and those of your passengers who don’t have health insurance.
To protect yourself from losing money in the case of theft, vandalism, or fire, you need to have comprehensive coverage that will pay for the damage other than collision.
It is also good to have under-insured motorist coverage on your bus insurance. In this case, if an accident happens and another driver is at fault but doesn’t carry enough insurance, you’ll still have coverage.
When operating a bus for your business, there are a lot of factors to consider. You want to make sure you evaluate them all so your business is safe.
Contact SafeLine Truck Insurance today and they’ll help build a policy that makes sense for you!