Motorcoach

How to Maximize Your Motorcoach Insurance Options

Posted on November 10, 2009 by Nicole Schlosser, Associate Editor

Page 1 of 2

[IMAGE]MET11risk-.jpg[/IMAGE]Motorcoach carriers looking to purchase or change insurance policies contend with several factors, and the process can seem complicated and costly. METRO Magazine spoke with industry experts to get some tips on what to consider and how to ensure you get the best coverage for your company.

First off, look into the several insurance companies that specialize in offering passenger transportation insurance, including Lancer Insurance, Shriver Insurance Agency, Transportation Insurance Brokers, and National Interstate Insurance Co., just to name a few. Because these companies offer products tailored to transportation, including driver safety training, it is a plus to seek them out when conducting your search.

Francis Walsh, vice president/senior underwriter, Lancer Insurance, says that the importance of "having an experienced insurance company familiar with handling passenger transportation claims cannot be overstated. Your customers are your livelihood, so how they are treated in the event of a claim is as important as anything your insurance company will do for you." He also points out that the more risk an operator can afford to take through liability and physical damage deductibles, the more premium savings they will see.

Relationship, safety culture key

Other factors to keep in mind when researching insurance benefits and costs are the needs and assets of your operation and how these will affect your policy.

The International Motorcoach Group (IMG) is comprised of more than 57 motorcoach tour and charter operators in North America. Its members vary in size and insurance needs. Steve Klika, president, says that coach operators need to understand that establishing a relationship with your insurance carrier is vital. "If I were to give some advice...when buying insurance, look at [it] not only on a short-term basis, but on a long-term basis. Take a look at the relationship [you're] going into." He contrasts the experience with buying home or auto insurance. "Don't look at it for just year-to-year, because the insurance company is going to want to know your experience, so in case you do have a bad year, they're not just going to bail out on you. And at the same time, in some cases by having a long-term relationship, it's going to have a [positive] impact on your premiums year-to-year," he explains.

View comments or post a comment on this story. (0 Comments)

More News

MCI delivers J4500s to Fla., N.J.

The MCI J4500, designed with the assistance of BMW Design Works USA, is the top-selling coach in the industry, according to the company.

Man pleads guilty in 2014 Greyhound bus driver attack

Maquel Morris was arrested in January 2014 after authorities said he got out of his seat and attacked the driver of the Dallas-bound bus and tried to roll the vehicle near Tonopah, about 50 miles from Phoenix.

Crowdsourced bus co., Rally Bus partners with MLB's Rays

With the agreement, Rally Bus offers luxury bus transportation to and from the Rays’ home games at Tropicana Field and in exchange gains advertising, marketing and promotional exposure in-venue, as well as a summer-long presence on the state-wide Rays Radio Network and the team’s flagship radio station.

Study: 1.3 million will travel by bus over July 4th holiday

An estimated 1,312,905 passengers will make trips of 50 miles or more by bus, surpassing all previous Fourth of July holidays over the past 10 years.

Canadian Megabus crash injures 23

Ontario police is investigating the accident and hasn’t made any determination on what caused the crash yet.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close