white bus at sunrise

Your Guide to Bus Insurance

Did you know that school buses alone are responsible for tens of thousands of injuries yearly?

For reasons like this, bus insurance is a common form of coverage that transport companies look into before starting a business. So, what do you need to know about this type of insurance?

In this article, you can learn more about what might cause it to increase or decrease in price and where to pick it up for your organization.

What Does Bus Company Insurance Cover?

While the exact nature of any bus insurance policy will vary by the broker, you can always expect specific things to be similar. A high-quality bus insurance provider will likely offer you the following:

Liability Insurance

This is the base level of insurance you will find in most business insurance policies. It tends to cover legal fees for most issues that will crop up. These might be medical expenses after an accident or if people receive property damage in a collision.

This can also cover injuries, or property claims your passengers might make while boarding your bus. You can thus have the assurance you will receive legal protection, and if that does not pan out, you can offer compensation.

Property Coverage

This type of coverage ensures your vehicle receives protection from other types of harm it might receive. These might be:

  • Vandalism or other crime
  • Fire
  • Natural disasters and extreme weather

In general, this would be anything unrelated to a direct collision.

Other Forms of Coverage

On top of the above primary coverage options, you could also investigate the following:

  • Uninsured motorist coverage
  • Business interruption coverage
  • Employment practices liability insurance

The list of possible types of insurance is lengthy. In truth, you should ask your broker about the “bundle” of insurance they provide a company such as yours.

What Can Affect Bus Operators’ Insurance?

A bus company insurance provider will consider many factors when offering you insurance. The following are a few examples of things you might need to remember.

Driver Driving Record

If your drivers have a long record of safe driving, they will likely have lower insurance. This might take into account their own personal driving too.

Driver Age

Very old or very young drivers might see higher driving premiums. While you cannot consider this when hiring, bear it in mind when you budget for your fleet.

Size of the Bus Fleet

Your insurance premium will obviously be higher if you have a more extensive fleet. The company will need to cover more property and handle more potential for accidents.

Finding a Bus Insurance Broker

With the information in this article, you should be on the road to picking up bus insurance for your company. Still, if you need to know more about commercial vehicle insurance and what it can do for you, you can always contact us.

We can help you understand the ins and outs of bus insurance and what we can do for you. Our insurance experts can ask any question you might have and get you the coverage you need. So, get in contact and take the first step towards protecting your company today.