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Company insurance is intended to safeguard the financial assets of a business owner and is a necessary investment for an airport shuttle service.

Airport Shuttle Companies

This article will discuss the primary insurance coverage for airport shuttle services, general liability insurance, as well as additional policies that are appropriate for this industry.

Airport Shuttle Companies Need General Liability Insurance

Every firm, regardless of sector, has risks that should be insured. General liability insurance is the most frequent and comprehensive form of coverage that company owners purchase.

General liability insurance covers the following risks:

Physical harm

Damage to property

Medical expenses

Legal defence and decision

Personal and commercial harm

While general liability insurance is not legally needed for companies, operating without it is exceedingly dangerous. If your company is sued, you might face costs in the hundreds of thousands of dollars (or more). The only way to avoid this sort of catastrophe from destroying your organisation is to have an adequate general liability insurance coverage in place to assist pay for these losses.

Situations That An Airport Shuttle Company’s General Liability Insurance May Cover

Example 1: While assisting a client with their baggage, one of your workers inadvertently drops a heavy suitcase onto the customer’s foot, breaking their toe. Any further medical claims resulting from this injury would most likely be covered by general liability insurance.

Example 2: While moving a car from its designated parking spot, the driver backs into a garage door, shattering a large pane of glass. General liability insurance would almost certainly be available to cover the damage to the door and glass.

Example 3: A neighbouring airport shuttle business determines that your name is too similar to theirs and sues you for lost profits. The expenses of contesting this lawsuit would most likely be covered by general liability insurance.

Of course, this is not an entire list of risks covered by a general liability insurance policy, and certain situations may result in a specific peril not being covered. To minimise coverage gaps, it’s always better to speak with your agent about the terms of your policy.

General Liability Insurance Cost

The typical airport shuttle company in the United States pays between $450 and $1,500 per year for $1 million in general liability insurance.

The cost of your coverage will be determined by a number of variables. Among them are your:



Employees’ number

Per-occurrence restriction

The overall aggregate limit

You may be able to get general liability insurance at a lower cost if you buy it as part of a business owner’s policy (BOP) rather than as a separate policy. A business interruption policy (BOP) is a more complete option that covers numerous types of coverage, such as business interruption and property insurance.

Other Types of Coverage Required by Airport Shuttle Companies

While general liability insurance is the most crucial, there are various different types of coverage to be aware of. Other forms of insurance that all airport shuttle companies should have are as follows:

Insurance for Commercial Vehicles

Airport shuttles must have commercial car insurance if they own or lease the vehicles they utilise. Airports are tremendously congested, rendering them prone to small or large mishaps. Commercial vehicle insurance is often required by the state and comes in a variety of coverage amounts.

Airport shuttle companies are strongly advised to get comprehensive commercial car insurance with substantial coverage. Commercial vehicle insurance is likely to cover a broad variety of difficulties or incidents on the road, from physical injuries to property damage.

Insurance for Commercial Property

If you own the space where your shuttles are housed, commercial property insurance can assist you in covering the cost of your property if it is destroyed in a covered event such as a fire or storm. This coverage will also include any commercial objects on the site, including as administrative equipment such as laptop computers or phone systems.

Insurance for Workers’ Compensation

If your company employs people, the state usually requires worker’s compensation insurance to cover any possible employee accidents.

Types of Insurance That Some Airport Shuttle Companies May Require

In addition to the insurance listed above, your airport shuttle service may need other forms of coverage based on particular features of your operations. Some of them may not apply to you, so be sure to ask your agent whether policies are appropriate for your company.

Umbrella Insurance for Businesses

If an airport shuttle company’s main policy hits its coverage limitations, commercial umbrella insurance will cover them. So, if a passenger is seriously wounded as a result of one of your drivers’ negligence, business umbrella insurance will almost certainly assist cover the expense of medical bills and any litigation.

Insurance for Business Interruption

If the airport is closed due to a strike or all of your cars are wrecked in a severe storm, business interruption insurance may assist compensate the lost revenue. When you’re unable to work for an airport shuttle business that depends on particular circumstances to boost its income, this may be quite useful insurance to have.

Additional Security Measures for Your Company

Although investing in company insurance is simple (and necessary), it should not be your first line of defence. Yes, insurance will reimburse your company for cash losses incurred as a result of an occurrence, but it is much preferable to avoid losses altogether.

With this in mind, here are a few steps you can take to better secure your company:

Make use of legally binding contracts and other business agreements. (We provide free templates for several of the most often used legal forms.)

To safeguard your personal assets, form a limited liability company (LLC) or a corporation. (To discover how to incorporate an LLC or company in your state, see our step-by-step tutorials.)

Keep your company licences up to date.

Streamline the internal procedures of your company. This will eliminate unneeded variables from routine activities and establish a secure, consistent environment in which to do business.

If your company is an LLC, you should check into LLC insurance.