Last Updated: May 23, 2024, 8:16 am by TRUiC Team

Airport Shuttle Business Insurance

Getting insurance for your airport shuttle business is essential.

Airport shuttle businesses need to be protected against claims involving things like failure of a shuttle to arrive on time, accidents and injuries, and damage to a customer’s property.

For example, an employee may accidentally injure a customer by dropping a suitcase on their feet, or one of your drivers could cause damage while operating the shuttle.

We’ll help you find the most personalized and affordable coverage for your unique business.

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Recommended: Next Insurance is dedicated to matching small businesses with the right policy at the best price.

Best Insurance for an Airport Shuttle Business

General liability insurance is — generally speaking — one of the most important insurance policies for airport shuttle businesses. 

Some of the risks general liability insurance covers are:

  • Bodily injury
  • Property damage
  • Medical payments
  • Legal defense and judgment
  • Personal and advertising injury

However, general liability insurance will not provide coverage against all the risks your business could face. For the most comprehensive protection, most airport shuttle businesses invest in the following additional insurance policies:

  • Commercial property insurance
  • Commercial auto insurance
  • Business interruption insurance
  • Workers’ compensation insurance
  • Commercial umbrella insurance

On balance, there are two general avenues available for businesses to use in order to obtain insurance coverage. The first option is the traditional one, a brick-and-mortar provider with a physical storefront. The second option is the contemporary one, a purely online provider.

While traditional brick-and-mortar providers are known for their longevity, we recommend that new and small businesses look at online-based insurers. This is because the cost, time, and convenience benefits of these providers do not necessarily come at the expense of quality, 

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Cost of General Liability Insurance

The average airport shuttle business in America spends between $450-$1,500 per year for $1 million in general liability coverage.

Compare the average cost of general liability insurance for an airport shuttle business to other professional industries using the graph below.

Several factors will determine the price of your policy. These include your:

  • Location
  • Deductible
  • Number of employees
  • Per-occurrence limit
  • General aggregate limit

You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner’s policy (BOP) rather than as a standalone policy.

A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.

Graph showing average price of general liability insurance prices per industry

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Common Situations That General Liability Insurance May Cover for an Airport Shuttle Business

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Example 1: When handling a customer’s luggage, one of your employees accidentally drops a large suitcase onto a customer’s foot and breaks their toe. General liability insurance would most likely cover any ensuing medical claims that stem from this accident.

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Example 2: While moving a car from its designated space, the driver backs into a garage door and breaks a large pane of glass in the process. General liability insurance would likely be available to cover the damage made to the door and the glass..

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Example 3: An airport shuttle company from a nearby town decides that your name is too similar to their and sues you for loss of income. General liability insurance would likely cover the costs of fighting this claim.

Other Types of Coverage Airport Shuttle Businesses Need

While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some of the most common types of coverage:

Commercial Auto Insurance

Commercial auto insurance is a must for airport shuttles if they own or lease the vehicles they use. Airports are extremely busy places, making them prone to minor or even major accidents. Commercial auto insurance is typically mandated by the state and is available in different coverage limits.

Airport shuttle businesses are highly encouraged to buy comprehensive commercial auto insurance with generous coverage. From bodily harm to property damage, commercial auto insurance is likely to cover a wide range of problems or accidents on the road.

Commercial Property Insurance

If you own the space in which your shuttles are stored, commercial property insurance will help cover the cost of your property if it is damaged in covered events like a fire or storm. This coverage will also extend to any business items located on the property, such as administrative equipment like laptops or phone systems.

Workers' Compensation Insurance

If your business has employees, worker’s compensation insurance is typically mandated by the state to cover any potential employee injuries.

Commercial Umbrella Insurance

Commercial umbrella insurance will cover an airport shuttle business in the event that their primary policy reaches its coverage limits. So if a passenger is severely injured due to the fault of one of your drivers, commercial umbrella insurance will most likely help cover the cost of the medical bills and any lawsuits.

Business Interruption Insurance

If the airport is closed due to a strike or all of your vehicles are damaged in a nasty storm, business interruption insurance can help replace the income that you will lose during this time. For an airport shuttle service that relies on certain conditions in order to grow its revenue, this can be very helpful insurance to have when you’re unable to work.

Additional Steps To Protect Your Business

Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.

Here are several things you can do to better protect your airport shuttle business:

  • Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
  • Set up an LLC or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
  • Stay up to date with business licensing.
  • Maintain your corporate veil.

Airport Shuttle Business Insurance FAQ

Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.

A typical business owner’s policy includes general liability, business interruption, and commercial property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company’s needs.

"Business insurance" is a generic term used to describe many different types of coverage a business may need. General liability insurance, on the other hand, is a specific type of coverage that business owners need to protect their assets.

In most cases, yes. It is vital to obtain the right business insurance for your airport shuttle business before it begins to operate, as not doing so will leave it exposed to the various potential risks associated with this industry.

It helps to be aware that for certain businesses, it is necessary to carry specific coverage in order to remain compliant with state (and potentially local) laws.

Not necessarily. Certain exceptions may be written directly into your airport shuttle business insurance policy, and some perils may be entirely uninsurable.

Yes, an LLC is meant to create a legal barrier between your business and your personal assets and credit. If you haven’t formed an LLC yet, use our Form an LLC guide to get started.

An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.