How School Buses can Qualify for Auto Insurance
School buses make countless trips from various neighborhoods to the school each academic year, transporting students safely, economically, and efficiently. However, this job involves considerable liability and other unique exposures that are not necessarily encountered by commercial buses.
To reduce the risks, the federal government, through the National Highway Traffic Safety Association, sets many standards for school buses and drivers. Many states also have additional risk mitigation measures.
The insurance coverage requirement measures for school buses are stricter than for other vehicles, and vary from state to state. So when looking to purchase insurance for school buses, it is best that you consult an insurance agent with experience in the school transportation sector.
Here are some other reasons to work with an insurance agency:
- The right insurance agents can help you navigate the increasingly complex and burdensome student transportation contracts that often require providers to carry specialized and higher liability limits coverages, which are often hard to obtain.
- There’s increasing rivalry from national players looking to expand their school bus transport business nationally. Higher insurance costs could prevent you from being competitive, making you unlikely to win a contract. Your insurance agents can use their extensive networks to find insurance solutions that fit your needs and budget.
- Insurance agents can help you get adequate cover for school buses to protect against any damage and/or loss due to accidents, fire, theft, or malicious damage, as well as third party bodily injury and/or property damage.
- Insurance agents who specialize in the transportation industry are equipped with specialized knowledge, experience, expertise, and extensive networks that are needed to advise you on risk management programs, provide safety and training aids, and guide you on getting appropriate insurance coverages cost-effectively.
As challenges and safety priorities arise, it is of paramount importance that business owners find a trusted partner to help them navigate the changing transportation industry.