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View Full Version : NEW LIMO BUSINESS IN TEXAS? INSURANCE CONCERNS



April 8th, 2002, 04:22 PM
Looking for tips on what to ask and look for when shopping for insurance on new limo business.

Your tips are appreciated.

jp

April 17th, 2002, 04:25 AM
In regards to new ventures, finding insurance is typically difficult. Most insurance companies will not take new ventures unless they have MANY years of applicable limo experience (and these guidlines vary from carrier to carrier). Make sure the carrier is AM BEST Rated at least A and admitted to do business in TX. Be sure they comply with all the state and local regulations regarding the industry. The number of limo accounts the company writes would be a good measure on how they'd service you. You might want to get several quotes, as well, because you wouldn't want people taking advantage of you as a new operator. Unfortunately, this might be tough as a new venture. I would suggest giving the HRH Limopro program a call. Their Hartford rates seem to be very competitive in TX. Their number is 1-800-274-6364. Hope this helps.

Competitive Insurance Program for Limos. Call Now! (800) 488-9018 ext. 210

April 18th, 2002, 02:05 AM
As a former Hartford customer, the LimoPro program was discontinued at the end of 2001. That is why they had no booth or seminars at the limo convention as in the past. They have exited the limousine insurance market.

April 19th, 2002, 01:55 AM
You may have to let the inusurance companies put you into the "assigned risk" your first year in business. You could be 40 years old without an accident and still be put there. The good news is after a year in the business and if all is good, then you can shop around and companies wont keep passing you off. Its always the first question they ask "how long have you been in business". When its only a week, you gotta bite the bullet and pay up. Its rough, no doubt about it.