Taxi and Limo Fleet Insurance Program

Taxi and Limo Fleet Insurance Program

One word LOCAL - I love all things local.  I live and work in this community, I know the area, the people, and what makes this community so amazing.

I have a distinct advantage over online insurance companies.  I know the kind of service you expect, and most importantly, I am here when you need advise. 

Face to face is not lost on us, it’s the way I love to do business and when I come to look at your house or business. 

I work for you and represent many markets - Let me provide your insurance solutions.  

You will know right away that you have made the right decision in choosing Transure to look after your insurance needs.

Creating Insurance Solutions That Work for You

Transure Insurance Inc. has over 27 years experience providing Insurance for taxicabs auto fleets

Transure Insurance Inc.  prides itself on building a partnership with our customers. It is through this partnership that we are able to specifically target needs, develop solutions, and make recommendations to our customers. We are capable of creating a comprehensive insurance program for Taxi fleet owners.

When it comes to service, meeting regulatory and statutory requirements is our specialty. Accurately completed Certificates of Insurance must be provided to regulatory bodies within hours or even minutes. Another unique requirement for taxicab insurance is also looking after the interests of drivers, lien holders, plate owners and various other interested parties.

When it comes to paying the premium we are able to arrange cost effective Premium Financing to help our clients meet their cash flow. This is particularly important for large fleets that have a seasonal business.

Insurance for taxicabs is similar private passenger auto with the exception of a few specially required endorsements as follows:

Permission to Carry Passengers for Compensation Endorsement – OPCF#6A
This endorsement extends your policy coverage for scheduled autos that are used to carry passengers for compensation or hire for the business as specified in the endorsement.

Blanket Fleet Coverage - OPCF#21b
This endorsement will allow you to provide insurance on all vehicles that you own or lease without reporting them during the policy year. With this form, an initial premium is charged at the policy inception and all additions and deletions and their effective dates are reported at expiration for a final premium determination.

Limiting the Amount Paid for Loss or Damage Coverages – OPCF#19
In the event of an insured loss, the maximum about of insurance under the physical damage section is limited to a specified amount or Actual Cash Value (ACV) whichever is less.

Damage to property of Passengers OPCF #22
This endorsement provides coverage for passengers own property. Limits are available up to $5,000 per vehicle.

Fire and Theft Deductible - OPCF #40
In the event of a fire or theft loss the applicable deductible would apply.

Downtime Limitation Side Agreement
This endorsement provides coverage for loss of use of the vehicle in the event of an insured loss.

Pricing
Many of our clients want to know how their premium is determined. There are a number of factors to be considered as follows: Premiums are developed based on the class of business and the experience of the individual or fleet. Additional credits are available for certain loss control procedures which can reduce or minimize loss experience.

The loss control procedures of fleet operators are considered. These include the following:

Auto Accident Review
A review procedure to review all incidents and should include driver performance evaluations and corrective actions taken.

Auto Safety Program
An award program implemented as a motivator to all taxicab drivers.

Driver Selection
To include physical examinations and motor vehicle reports (MVR).

Driver Training Program
Driver qualifications should be established and documented and procedures used to require that all drivers be certified prior to using any taxicab vehicles.

Vehicle Maintenance Program
All vehicles should be regularly maintained with written schedules outlining all work done to each vehicle.

Creating Insurance Solutions That work for You