Commercial Minibus Insurance is Vital For Any Minibus Business

Any vehicle with more than nine and less than 16 seats is generally classed as a minibus, and if it’s being used for business then you will need commercial minibus insurance. It differs to normal insurance as you or the driver will be responsible for many different passengers that are paying money to travel between two places. Whether it is a minibus to be used as a taxi or for private tours, then the need for substantial and sufficient insurance is vital.

It’s not only the sheer amount of mileage that the minibus will encounter, which normally means it’s at higher risk of being involved in an accident but there is also the fact that vandalism, fire, theft and third party liability claims are more likely to be placed. This level of risk to the commercial minibus insurance company is a lot higher than regular vehicles and that is why the cost of insuring a minibus is generally higher.

In many cases, insurers will create specifically-made policies for minibuses as their needs and requirements differ greatly between one another and certainly compared to other vehicles such as cars or motorcycles. If it’s not just commercial use, then you can opt for multipurpose policies but in most cases if it’s a commercial bus then it will conform to the basic policies that a taxi would. As there are more seats, there is more liability and this means that the potential for claims for whiplash or injury to those on board during an accident could cost the insurance company lots of money. Therefore, the potential risk is added to the monthly or annual cost of insurance.

As you can see, it’s not as straightforward as general insurance or car insurance. Commercial minibus insurance must take into consideration the amount of mileage that is covered, the amount of people that can be carried and the risks involved. As minibuses might travel the length of the country, or even into Europe, certain plans need to be looked at in detail to ensure that both the insurance company and the policy holder are happy with the insurance policy.