Running a safe and profitable Student and Charter Bus Transportation fleet requires tight management controls and practices that reduce the potential for preventable accidents. Staying in business increasingly requires proof of these practices to school boards, government regulators, customers, and insurers. Accidents that can fundamentally change the lives of trusting passengers, families, and co-workers, also quickly become “public events” broadcasted by media with serious implications for school boards, authorities, and your business reputation. Rising liability and accident benefit exposures can furthermore undermine the relative stability of a business and an insurance program in a single event.
At PBL, we recognize the unique challenges and opportunities facing the Student and Charter Bus Transportation Sector. As a brokerage serving this class since the late 1970s, we have developed expertise that is relied upon by both existing and new insurers entering the class. For our clients, we make resources available to them that strengthen safety and compliance procedures, assist with RFPs, and provide informative loss and claims analysis. Transacting insurance, such as providing “pink slips” and invoices most brokerages can do well. However, working closely with clients to coordinate the provision of meaningful services that they didn’t know where available, or didn’t have to research, design, or in some cases purchase, that is the PBL advantage.
Your PBL Insurance Student and Charter Bus Transportation Specialist will coordinate with your team to develop a program that fits your business. Your customized program may include:
- Commercial Fleet Insurance Including Passenger Hazard Higher Limits **
- Property, Liability, and Umbrella Coverage
- Molestation and Abuse Coverage
- Fleet and Premises Risk Management Review “Mock Audits”
- Canadian and U.S. Coverage
- Environmental Impairment Liability Coverage
- Alternative Risk Transfer Options & Captives
- CVOR 2 and Safestat Analysis
- Accident Analysis and Trending
- Auto Garage Liability
- Directors and Officers Liability.
** Insurance Reference – Passenger Hazard Required limits.
Amount of Insurance Seating Capacity for Passengers of Each Vehicle
$1,000,000 1 to 7 passengers
$5,000,000 8 to 12 passengers
$8,000,000 13 or more passengers