For Hire Transportation
Insurance Solutions

What is For Hire Transportation insurance?

For Hire Transportation insurance provides coverage for vehicles used to transport people or cargo on behalf of a business. It includes protections beyond standard personal auto insurance, addressing the unique risks associated with commercial transportation.

What coverages are included in a For Hire Transportation insurance policy?

A For Hire Transportation insurance policy is a type of commercial auto insurance designed to cover vehicles and businesses that transport people or goods for a fee. This insurance applies specifically to companies or individuals who are paid to provide transportation services, whether they are carrying passengers, freight, or specialized goods. It typically covers:

• Liability Coverage: Protection if the driver is at fault in an accident, covering bodily injury and property damage.
• Physical Damage Coverage: Covers damage to the vehicle itself due to accidents, vandalism, or natural disasters.
• Cargo Insurance: Protection for goods or freight being transported in case of loss, damage, or theft.
• Medical Payments/PIP (Personal Injury Protection): Pays for medical expenses for the driver and passengers.
• Uninsured/Underinsured Motorist Coverage: Provides protection if an at-fault party in an accident lacks adequate insurance.

Some policies may also offer additional coverages such as General Liability coverage, Crime coverage, and Hired and Non-owned Auto coverage.

The specific coverages included in a policy can vary depending on the insurance provider and the needs of the business.

What businesses should purchase For Hire Transportation insurance?

Operating a business that involves transporting people or goods carries unique risks. Standard Commercial Auto insurance policies typically do not cover for-hire operations, making this specialized insurance essential for ensuring adequate protection. Businesses face potential liabilities from accidents, cargo damage, or passenger injuries, which can be financially devastating without proper coverage.

Here are common types of businesses that need a For Hire Transportation policy:

• Taxi Cabs
• Delivery Services
• Black Sedans/Limousines
• Freight and Logistics Companies
• Non-Emergency Medical Transport
• Moving and Relocation Services
• Airport Bus/Shuttle
• Charter Bus
• Paratransit
• School Buses
• Rideshare
• Limo/Black Car Service
• Uber/Lyft

Contact an insurance agent for more information

For more detailed information on For Hire Transportation insurance and to determine the appropriate level of coverage for your business, it's always a good idea to consult with an insurance professional. If you need assistance locating an insurance agent in your area, please feel free to contact us and we would be happy to help you..