A Complete Guide to Insuring On Demand Delivery Start-Ups

There is a growing need for On Demand Delivery Start-Ups. Although it may seem easy enough to do, few think of the potential liabilities and insurance coverage they will need to get started. Many of us are still working remotely and might not ever return to the office. We will also continue to turn to the convenience of ordering food and goods through the click of a button.

Nationwide states are opening their doors for business to resume, but the psychological effects of COVID-19 are everlasting. Restaurants and retail stores are ready for in person dining and shopping, but many people are not rushing out of their houses.

People will still want to social distance and refrain from unnecessary trips to the store. Others now prefer the time saving convenience of Instacart, Amazon and DoorDash.

When COVID first hit, Amazon and Instacart could not keep up with the demand. Amazon Prime members were no longer getting 2-day shipping and Instacart deliveries were hard to come by. There were days I would check the app several times throughout the day for a delivery slot just to avoid going to the grocery store.

Moreover, you may have found that contacting your local insurance broker to handle insurance for On Demand Delivery Start-Ups just isn’t working – and we know why!

 

Finding the Right Broker for On Demand Delivery Start-Ups

On Demand Delivery Start-Ups
UberEats was one of a few On Demand Delivery Start-Ups that have grown in popularity since COVID-19.

If you are planning to be the next Postmates or DoorDash, you need to prepare and think about insurance before  launching On Demand Delivery Start-Ups. One of them is finding the right broker.  Not all brokers are created equal. You will need to find someone that has access to more than one carrier writing Hired & Owned if you are planning to utilize a peer to peer model. If you are planning to own a fleet of vehicles, contacting American Business Insurance will allow you to utilize our Period X™ platform for when vehicles are not operating. We are also close to launching a Period 0™ platform for when cars log into the app.

Commercial auto insurance can be expensive, but ABI is able to connect with your IT team to fully integrate with your app. This means you can spend more time running and growing your business. Which in turn, equates to less time handling insurance.

With our CarTeq™ technology, we provide oversight to On Demand Delivery Start-Ups which is essential (no pun intended) to any successful business.

 

Be Prepared for the Insurance Buying Process

Create the app and have it mostly finished before you start shopping for insurance. Underwriters will want to see what your app looks like before quoting. Many will not spend time quoting your account until they know the app or website is close to completion.

Have a business plan and projection. Many carriers want to see a certain level of planning and investment has been done before quoting. They will usually ask for financials and a marketing plan. They want to see a safety manual (we can help you with that!) and feel comfortable that the On Demand Delivery Start-Ups will be able to compete with the Postmates and DoorDashes of the world.

Create a bio or resume for all key officers. Insurance companies like to see where you came from and how you ended up in the ODD (on demand delivery) space.

Understanding the costs. Most insurance companies have minimum annual premiums ranging from $75,000-150,000. Financing options are available but be ready to put at least 20% down. Sometimes, these premiums are minimum regardless if you operate 1 day or a full year.

Shopping around. There is an abundance of personal auto carriers out there. But, there are only a handful of companies offering insurance for On Demand Delivery Start-Ups. American Business Insurance works with them all. So, there is no need to shop around. Who doesn’t love one stop shopping?

 

So Much to Do, So Little Time to Do It

There is a lot to think about when navigating the insurance buying process for On Demand Delivery Start-Ups, but lucky we are here to help! We’ve helped many others with integrating insurance into their business and we are at the forefront of Insurance Technology.

Not sure where to begin? The first step is contacting us for a full business plan review and insurance quotes. From Full Commercial Auto Liability Insurance, Hired & Non-Owned, Workers Compensation, Directors and Officers Coverages as well as Employment Practices Liability Insurance – we are excited to hear what you have cooking and how we can help move On Demand Delivery Start-Ups forward.

 

Written by Laura Loftus who is the Executive Broker/Sales and Marketing Manager at American Business Insurance Services, Inc. She has more than 10 years of experience insuring business in the For-Hire, Livery, Transportation Network Company, On Demand Delivery & Shared Economy industries. Looking for a quote on your business?  Call us Monday – Friday, 8 am to 5 pm pacific: 800-980-1950 or email us anytime!

 

 

 

 

NEMT Insurance in Utah

Looking for NEMT Insurance in Utah?

Are you looking for a professional insurance agency that knows the ins-and-outs of Non-Emergency Medical Transportation, or NEMT Insurance, in Utah? American Business Insurance Services specializes in helping companies find and maintain the best amount of insurance. Our goal is to make sure that your business, employees, and customers are all protected without breaking the bank. We know that unlike standard automobiles, even a fender bender can create circumstances for a large claim due to the potentially fragile passengers being transported.

NEMT Services in UtahAmerican Business Insurance provides professional advice that will help you fully cover your business from all liabilities that could hurt your company. With this consultative-style approach, we are able to recommend the most comprehensive and most cost-effective NEMT insurance for your business. American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Utah as well as nearly every other state in the U.S.

NEMT Insurance in Utah for Company Fleets

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws, we want the best care for them. But sometimes, our lives get a bit hectic and busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need. The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

NEMT Insurance in Utah

Even for those who have loved ones nearby, it’s not always convenient or possible to be available at all hours. Non-emergency medical transportation in Utah can be very advantageous for individuals who are unable to use conventional transportation means. NEMT services in Utah have several benefits. First off, medical transportation services in Utah provide some of the safest transportation options available. Moreover, NEMT services are health-focused – which can be especially important for those with a disability or health condition, as well as the elderly.

non emergency medical transportation vehicle

As a NEMT business owner, this is where your company comes into play. If you are a NEMT agency that operates fleets in Utah, it’s especially important that you have NEMT insurance. American Business Insurance works with agencies to provide the best available coverage. Having the right NEMT insurance in Utah is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies in Utah as well as nationwide, creating customized policies to best serve the client’s needs.

How to Decide on NEMT Insurance for Your Company Fleet

There are a lot of factors that go into finding the best NEMT insurance coverage for your non-emergency medical transportation’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs.

  • Are the majority of your trips for passengers ambulatory or non-ambulatory?
  • Does your company contract with LogistiCare or other providers with strict insurance requirements?
  • Do your vehicles have lifts or ramps?
  • Do your vehicles include backup cameras so your drivers can see whether or not someone in a low wheelchair is behind the vehicle when backing?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life-changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Coverage Requirements for Paratransit and NEMT Companies

It’s crucial to know exactly what’s in your NEMT coverage contract. At American Business Insurance, we examine the contract providers and the requirements that they have. For example, let’s look at LogistiCare.

  • $1,000,000 Combined Single Limit of Auto Liability Coverage
  • Hired & Non-Owned Coverage (Symbols 2,8,9)
  • Loading & Unloading Coverage
  • General Liability Coverage at $1,000,000 per incident $2,000,000 Aggregate
  • Sexual Abuse and Molestation Coverage (limits can vary by location)

There are other requirements in addition to the ones listed above. However, if you are missing any of those items on your insurance policy, LogistiCare will suspend your account. Many large Non-Emergency fleets have a long list of additional interests that have different insurance requirements.

Typically, we will ask for a copy of the provider insurance section of the contract to make absolutely sure that we’ve gotten your coverage written correctly. American Logistics, SoutheastTrans, and other NEMT providers have extremely particular requirements for coverage to protect them. Why is this? One answer: safety.

How Can American Business Insurance Services, Inc. Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Utah off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Instagram, Facebook, LinkedIn.

The Best NEMT Insurance in Texas

For-Hire Livery Insurance

For-hire livery insurance is a type of commercial auto coverage. Businesses use this for vehicles that generate revenue from transporting people. The most common types of for-hire livery insurance include taxi insurance, black car/limousine insurance, non-emergency medical transportation NEMT insurance, and ride share insurance.

What is NEMT and NEMT Insurance?

Non-emergency medical transportation, commonly called NEMT or Paratransit, vehicles are used to transport people who need help traveling to and from appointments for medical treatment. NEMT insurance is a type of livery coverage that protects business vehicles. These vehicles transport patients to medical appointments on a pre-arranged basis. NEMT insurance differs from other forms of livery insurance in a few ways. Unlike taxi services, Medicaid or medical service providers typically compensate NEMT businesses. It’s important to note that EMT vehicles lack the lightbars and sirens commonly found in ambulances and other emergency vehicles. Minivans, passenger vans, and SUVs are among the most common commercial autos for non-emergency medical transportation. 

Your search for a professional insurance agency that knows the ins-and-outs of NEMT insurance is over! American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Texas as well as several other states in the U.S.

NEMT van

Texas NEMT and Background

In Texas, the major hubs are Houston, San Antonio, Dallas, Austin, and Fort Worth. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic can be slow-paced, finding parking can be a burden. Sometimes, a doctor’s visit can take the whole day.

This is when paratransit service or NEMT comes into play. Many NEMT agencies operate fleets in Texas that American Business Insurance works with to provide the best available coverage. Those seeking transportation can be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right NEMT insurance in Texas is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they’ll look into the NEMT company to make sure their loved one is safe and protected. American Business Insurance provides NEMT insurance to companies nationwide. We do so while creating customized policies to best serve our clients’ needs.

How Much Does NEMT Insurance in Texas Cost?

This is typically the first and most frequent question American Business Insurance gets when quoting public auto insurance policy. There’s no sense in wasting time with an agent who can’t get you a better rate than you already have. Depending on where you operate, American Business Insurance can give you an indication based on the premiums of other similar risks in the area. If you own a NEMT business and are looking for NEMT insurance in Texas for your fleet, you’ve come to the right place.

American Business Insurance has a system to research other accounts in your area that have similar coverage limits to you. Therefore, we can usually ball-park based on this data. We’ve had accounts in rural Kentucky, for instance, with annual rates as low as $800 per car. This isn’t a typical rate, but it does happen. Therefore, the best thing to do is provide us with all the information you can. This way, we can shop your application out to all of our carriers. Then we do our thing and get back to you with a firm quote that makes sense for you. We have flexible financing options. Moreover, we will always work with you the best we can to make your coverage as affordable as possible. 

Paratransit/NEMT Insurance in Texas at American Business Insurance Services, Inc.

At American Business Insurance, our goal is to build long-lasting, valued, and trusted relationships. Our mission is to create an understanding of our clients. We want our clients to know they’re at the forefront of our business. American Business Insurance, commits to professional excellence and delivers commitments on time, and of the highest caliber. Also, we use only the best practices in the industry through our stringent processes and systems. These let you run your Texas NEMT service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your NEMT policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, you can make changes to your policy online at any time – day or night. This is essential in running a business that operates 24/7.

We do the leg work for you. We have built strong, long-term relationships with our carriers of NEMT insurance. This way, we can find you the best policy to match your NEMT business needs. We have over 35+ years of experience in insuring commercial auto fleets. This makes American Business Insurance Services, Inc. quick and efficient in finding the best carrier options.

How Can We Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Texas off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Facebook, LinkedIn, and Instagram.

Uber Freight and Commercial Trucking Insurance

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Uber Freight and Commercial Trucking Insurance

In May of 2017, Uber launched one of their newest services Uber Freight. Uber Freight is an exciting, new trucking app that matches vetted drivers with long-haul routes. The app allows drivers or dispatchers to book and confirm routes with the tap of a button. They have the choice to filter the routes they search for by pickup, destination, the offered price, and other factors. Uber Freight is designed to work for carriers of any size. Although, the service is particularly attractive to small fleets and independent owner-operators. In order for trucking fleets and owner-operators to work with Uber Freight they need to have the proper Commercial Trucking Insurance.

 

How Does Uber Freight Work? What are the advantages?

Uber Freight was created with the business model to appeal to smaller fleets and independent truck drivers. Therefore, the app is designed to give more power to operators and solve many problems drivers have with traditional freight brokerage. Before Uber Freight, drivers or Uber Freightoperators would have to make multiple calls to schedule loads. Now the booking process is streamlined. Booking is made simple through the app. As easy as Uber makes it to schedule a car to pick you up on the curb, they make it just as convenient for commercial truck drivers to schedule loads and routes.

Another problem drivers have with traditional methods are delayed payment. The standard for payment is 30 to 60 days, but with Uber Freight drivers can receive payment about seven days after completion. This allows small trucking fleets or owner-operators to continuously operate at full capacity when repairs and other issues arise. A third problem Uber Freight solves is the problem of deadhead miles. Deadhead miles are the number of miles commercial truck drivers drive from the point of unload to the point where their new load is ready to pickup. Uber Freight accounts for this and compensates drivers. Furthermore, the app also features a “Take Me Home”. This setting helps drivers book loads that will take them back home while still earning income.

Uber Freight is still in its beginning years, but with the way they are operating and handling freight brokerage, they are hoping to transform the industry. They are positioning themselves as a drivers first service. They believe that when drivers are empowered and delivery is more efficient all businesses run better. Take a look at the partnership that Uber Freight has with Ocean Spray, and you’ll see how this new service works.

Commercial Trucking Insurance 

As Uber Freight is very much geared towards smaller fleets for the time being, operators need to do all they can to protect their small businesses. We at American Business Insurance Services, Inc. are here to help. Commercial Trucking Insurance or Delivery Insurance is tremendously important to the safety and security of drivers, their freight, and their business. If you are thinking about contracting through Uber Freight, you will have to have the proper insurance coverage. At American Business Insurance Services, Inc. we shop all the currently competitive markets for you. By doing this we can find you the best coverage to fit your specific needs in the commercial trucking industry. 

 

Why You Need Coverage?

American Business Insurance Services, Inc. has identified the Uber Freight business model as one that will likely transform the way the freight delivery industry operates. The seamless Uber Freightadaption of this technology to all types of businesses, that have shipping needs, has allowed for convenience of scheduling, more carrier options for businesses, and expedited delivery.

Our team of licensed brokers are well aware of the coverage you will need as a delivery fleet or owner-operator service. Furthermore, some of the common types of coverage that apply to delivery and commercial trucking businesses are:

  • Auto Liability to protect bodily injury of all parties
  • (Auto)Property Damage to cover damage to property
  • Comprehensive & Collision to protect against most causes of loss to your vehicle(s)
  • Personal Injury or Medical Coverage
  • Cargo Coverage

Contacting American Business Insurance Services, Inc. will guarantee that you are fully covered under a commercial auto policy and allow you to operate your fleet with Uber Freight.

Why American Business Insurance Services, Inc.?

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients that they are at the forefront of our business. Consequently, we strive to make sure we know our clients business thoroughly to create a true partnership. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time and of the highest caliber. Therefore, we use only the best practices in the industry. Through our stringent processes and systems we let you operate your commercial trucking or delivery service with confidence.

In conclusion, the Uber Freight business model could transform the way trucking operates and we understand that. As the business changes we at American Business Insurance Services, Inc. adapt with the change to provide the best types of coverage for clients.

To get a quote for your commercial trucking fleet or delivery service Click Here.

 

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American Business Insurance Services, Inc

PERIOD X™ Fleet Management Software with Insurance Built In

Period X™ Quote

What is Period X™ insurance and how does it work to help you manage your fleet?

American Business Insurance Services, Inc. developed Period X™ for fleet owners or individuals that are renting their cars out on a car sharing platform. This applies to platforms such as Turo, HyreCar or GetAround.  This coverage comes with fleet management software through a web-based dashboard at no extra cost to your policy. This fleet management software comes with tools to ensure your fleet is running at maximum efficiency. When managing your fleet that operates through a Transportation Network Company, the coverage is usually provided to the renter through TNC Provider Insurance. It is important for fleet operators to know that insurance is not supplied through TNC Provider Insurance when the car is not rented out. Of course you want to make sure your car is covered at all times. That’s where our proprietary Period X™ insurance coverage comes into play.

 

 

What a Period X™ Insurance Policy Provides

Our Period X™ Insurance policy provides more than the minimum state limits in
almost all 50 states. A comprehensive insurance product to cover fleets that
are being rented out on Peer to Peer (P2P) rental platforms such as the ones mentioned above. Our product is one of a kind. If you are renting your vehicles out on P2P rental platforms PERSONAL INSURANCE DOES NOT COVER YOU for this type of business model.

fleet management

An insurance policy with fleet management software

We didn’t stop at just putting the Period X™ insurance product together, we did a lot more.  Every Period X™ policy holder receives a proprietary device for each vehicle that they insure. This includes a fleet management web-based dashboard to manage your fleet.  It would be one thing just to have proper coverage that nobody can offer, but below are some of the additional services we provide as part of this coverage:

  • Ability to add/delete vehicles online

  • GPS track each and every car at all times

  • Check billing

  • Access ID cards and so much more fleet management tools

Period X™ is fleet tracking with the insurance built in!

Why we created Period X™ with fleet management software

As usual, the best place to start is always the beginning. To make a long story much shorter, in the beginning there were taxicabs. When taxicabs were the only animal of their kind roaming the earth, life was simple and there was only one period of time. Things were pretty easy. If you needed insurance for a taxicab, you got a taxicab insurance policy that covered that taxi company 24 hours a day, end of story. fleet management software

Then, not too long ago, something called Uber and Lyft came onto the scene.  All of the sudden, things got complicated really fast in the insurance world.  These companies found that if they divided their insurance policy into separate periods of time, and that each period had a coverage limit assigned to it. This made it possible to reduce their exposure (and their insurance premiums) to maximize profits.

Then, we had another new company (HyreCar) facilitating TNC rentals between rideshare drivers that needed cars and vehicle owners who wanted to make money by providing those cars.  The term peer-to-peer rentals was coined.  

A New Problem Arises

Initially, the idea was that personal insurance would cover the party that was renting their vehicle out to the TNC drivers as long as they only had one or two cars. It did not take long for vehicle owners to see that they were netting $700+ a month per car. Seeing such great results, this resulted in the vehicle owners adding more and more cars until they had fleets. Vehicle owners now had 10, 20, or even 30+ cars, which is not covered by personal auto insurance. This issue lead to the need for the Period X™ product to be created since personal insurance doesn’t cover fleets that are primarily used to make money via rental app platforms and especially not TNC rentals.

Napkin math ensued and a new problem emerged: 

“How do I place insurance on my fleet of cars under an LLC or Corp and keep my personal lines insurance pricing?”  

The answer to that question is: Period X™ Insurance!  Our agency was the brains behind this exciting new insurance product. We are now positioned to bring it to the masses! Now, fleet owners who place their inventory on platforms such as; HyreCar, Turo, GetAround & similar peer-to-peer rental platforms have access to a reasonably priced app-based insuranceinsurance product that covers their fleet for only the period of time when the vehicle is not rented out and is being serviced and maintained to ready the car for the next rental.  

There are articles upon articles online in regards to Periods 1,2 & 3 and why they are the way they are. The basic idea is that when a rideshare driver has the rideshare app off, then the rideshare company has no involvement in what that driver does with their car. This results in no insurance for that period of time.  The instant the rideshare app is on and the driver is engaged with it, Period 1, 2 & 3 begins and typically state minimum auto liability limits apply.

fleet management software

 

Breaking down insurance policies divided into separate periods of time:

After the app is turned on and driver is engaged with Period 1, they scan for rides
they’d like to take. The instant the driver accepts a ride, they have entered Period 2. The insurance coverage offered by the rideshare providers increases a bit more to cover incidents that might occur while the driver is on their way to pick up a passenger.

insurance policy

The last (for now) action involved in a typical rideshare exchange is that the driver arrives at the pick-up destination. The instant the passenger(s) get into the driver’s car, Period 3 is activated. 

TNC insurance policy

Period 3 typically involves $1,000,000 of auto liability coverage via the rideshare company insurance policy. This is the riskiest period of time, because any accident occurring during that period fully engages the rideshare provider and all participants involved with that ride.

Period Policies for Commercial Auto Working Together

The “Period 1,2 & 3” policy setup is now the industry standard for app-based transportation companies that offer rides as a service. Now with American Business Insurance Services, Inc. Period X™ insurance coverage, fleet managers are able to go beyond the industry standard. With our Period X™, coverage never slips through the cracks making sure your TNC fleet is protected at all times.

After Uber & Lyft had been around for a couple of years, opportunity-minded people started to notice the great deal of demand for vehicles from drivers who wanted to make money driving for TNC companies, but did not have the means to purchase, lease or finance a vehicle for various reasons.

A few select companies have established a niche in this territory and filled this demand successfully.  These companies didn’t only see this driver need for vehicle inventory in the marketplace. They saw plenty of regular people out there that are not always driving their personal vehicles, or who were interested in purchasing vehicles for the sole reason of renting them out to TNC drivers who needed them. This is an industry that expected to have rapid growth. When creating a TNC company having the proper policy coverage protects your business and livelihood. 

Contact Us For Full Details on Period X™ and our Fleet Tracking Software

We’d love to tell you everything about this program because we’re SO excited about this new product. We can’t just give away all our secrets at once, can we? What we can tell you is that we’re open in most U.S. states, have a full-time I.T. department dedicated to continuously evolving the technology behind this product. Our experienced team of licensed professionals are excited to talk to you about how you can get Period X™ Insurance on your fleet. Give us a call today! Let’s solve your fleet insurance / management problems so you can get back out there and make some money!

Call Today: (800) 980-1950

https://abiweb.com/

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Paratransit Service Insurance in California

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Paratransit Service Insurance in California for Company Fleet of 15+ Vehicles

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws- we want the best care for them. But the thing is people are busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need.

paratransit service

The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

California NEMT and Background

In California, the major hubs are Los Angeles, San Diego, San Jose, and San Francisco. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. 

Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic is horrendous, finding parking is a nightmare, and a whole day could be filled with a doctor’s visit.

This is when paratransit service or NEMT comes into play. There are many paratransit agencies that operate fleets of 15+ vehicles in California that American Business Insurance Services, Inc. works with to provide the best available coverage. Those seeking transportation are able to be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right paratransit fleet insurance is essential in making sure your business and customers are covered in case of an incident. 

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies nationwide creating customized policies to best serve our clients needs.

How to Decide on Paratransit/ NEMT Insurance For Your Company Fleetparatransit service

There are a lot of factors that go into finding the best insurance coverage for your Paratransit Company’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs. 

  • Do your vehicles have lifts or ramps? 
  • Do your vehicles include backup cameras? 
  • Are the majority of your trips for passengers ambulatory or non-ambulatory? 
  • Do you contract with LogistiCare or other providers with strict insurance requirements?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having the proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Paratransit/NEMT Insurance at American Business Insurance Services, Inc.

paratransit service

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients because we want them to know they are at the forefront of our business. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time, and of the highest caliber. In addition, we use only the best practices in the industry through our stringent processes and systems that let you operate your California paratransit service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your Paratransit policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, policy changes can be made online at any time – day or night. This is essential in running a business that also operates 24/7.

We promise to do the leg work for you. We have built strong long term relationships with our carriers of paratransit insurance in order to find you the best policy to match your business needs. Our 35+ years experience in insuring commercial auto fleets makes American Business Insurance quick and efficient in finding the best carrier options.

Get a quote today!

  Top 5 Issues When Choosing Lyft or Uber vs Taxi

Top 5 Issues When Choosing Lyft or Uber vs Taxi

Written by Laura Loftus on Wednesday, December 5th, 2018

lyft or uber vs taxi ridesharing cost and safety

With travel increasing as we approach the holidays, many of us default to using a Lyft or Uber vs Taxi because we are under the impression that it’s faster, cheaper and all around more convenient than taking a taxi. However, I have a different perspective. As a west-coast based insurance broker who has clients all over the country, I tend travel about once every two months or so.

Most recently, I’ve visited San Francisco, New York City, Denver and Las Vegas for work meetings. I have to tell you, there were times where hopping into a cab was not only easier but also less money than their TNC counterparts.

Nowadays, people seem to think taxis are antiquated. But in reality, taxis are the same thing as an Uber or Lyft app, and I honestly feel safer in a cab. Here’s why.

1) Safety

Safety is my top concern when entering into a Lyft or Uber vs Taxi. For one, Uber and Lyft do not limit how long someone must have been licensed to drive for them. Someone could’ve moved to the US a few weeks ago, obtain a Driver’s License and as long as they have access to a qualifying car and pass a MINIMAL background check – they are approved. Nobody trains them, monitors them, or ensures that they are familiar with the area in which they drive.

The city highly regulates taxi drivers. They require taxi drivers to go through numerous EXTENSIVE background checks. Only then does the city in which they operate in allow them to start transporting people. Many cities require taxi and limo drivers to obtain a Hack License or Chauffeurs license. That means they have endured many hours of classroom-style and behind-the-wheel training.

Besides safety concerns regarding the driver, there are concerns around the vehicle. All taxi companies start their days by inspecting vehicles. They are required to get a vehicle inspection yearly to keep their operating permit. Lyft or Uber vs Taxi vehicles are not regulated at all. Once the driver is approved, there isn’t much regulation unless the ride share vehicle is in an accident.

With ride sharing, you are taking a risk as to who you are getting into a vehicle with. You could end up getting into a vehicle of someone with a criminal background who is dangerous. Even more concerning, I have heard of people leasing or renting out their Uber or Lyft accounts. So, for someone who doesn’t qualify themselves, they will find someone who does qualify. They’ll have to go through the approval process and use someone else’s account to work. That freaks me out, a lot.  When comparing Lyft or Uber vs Taxi, this type of situation would not happen. That’s because fleet owners know exactly who they are leasing the cab out too.

2) Insurance

Insurance issues are a huge concern when riding in a Lyft or Uber vs Taxi vehicle (and I’ll admit, I do use ride sharing apps regularly). Despite being an insurance broker who specializes in Public Auto

lyft or uber vs taxi ridesharing cost and safety

Transportation risks (specifically for-hire, livery businesses such as Taxi’s, Limo’s, Non-Emergency Medical Transportation, shuttles, etc), I often hop into a Lyft or Uber vs Taxi because, let’s face it, it’s super easy.  Hop on an app, order a car, and it will arrive in 4-5 minutes. This is especially the case when you’re in a residential or suburban area where cabs aren’t just lined in the street waiting for their next fare. I often think about what would happen if the car I am in was involved in an accident.

I am extremely knowledgeable on the coverages that Uber and Lyft’s insurance policy include and it’s spotty at best. For one, the driver and passenger are only covered if the app is on and the driver is logged in. What if there is a technical issue and the driver is logged out? If their phone dies, what now? What if they’re in an area with poor reception and the driver is disconnected from the app? A passenger could be held responsible for injuries incurred. Additionally, the majority of ride share drivers do not have commercial insurance. Plus, Uber and Lyft require drivers to turn the claim into their personal auto carrier before they’ll accept liability.

Commercial auto insurance is expensive, about 2 – 5 times higher than personal auto and most ride share drivers do not buy it because their profit margin on operating is thin. They pay for the vehicle itself, maintenance of the vehicle, gas and almost every TNC driver who calls for a quote on commercial auto insurance so that they can be properly insured does not buy it because no one is making them. This means the only coverage they have for their vehicle and the passengers is through Uber or Lyft, which all hinges on the driver being logged into the app.

3) Accessibility

lyft or uber vs taxi ridesharing cost and safetyAccessibility and ease of getting a ride from an airport, in my opinion is far greater for a taxi than a ride sharing unit. When deciding on an Lyft or Uber vs Taxi, typically, I exit a plane and walk straight to a taxi to my destination. I don’t have to rely on my signal being strong enough for the app to work. I don’t have to wait for the car to come through traffic or walk to somewhere off the premises to get a ride. In some airports, they don’t allow ride share units to pick up. If they do, you often have to go up a level to the departure area or walk to a far end of the airport. When I get off a plane, I personally prefer to get straight into a car and quickly be on my way.

On my last trip to San Francisco, I saw a sign that said Ride Share pick up and I could see a side walk with several waiting areas. According to my app, Ride Share would be about 75% of the cost of a cab. I looked at the taxi line and it was empty and there was car waiting. For experimental purposes, I sacrificed my usual cab ride for a Lyft ride to see if it was actually faster and cheaper. I logged into my Lyft app and requested a vehicle. Because the airport was busy, it took 5 minutes for a driver to accept my ride plus 15 minutes for them to actually pull up to the curb. The whole time I kept my eye on the taxi line. I watched person after person get into a cab and drive away.

I wanted to cancel my ride as I had a meeting to get to, but I wanted to complete the experiment. When my driver arrived, the car was new and clean. No complaints. But by the time we sat in traffic and crossed the Bay Bridge from Oakland into San Francisco, the price was literally the same as a taxi. And it delayed my arrival by 30 minutes.

4) Pricing

lyft or uber vs taxi ridesharing cost and safety

Pricing for a ride share trip isn’t consistent. Taxi’s are transparent on how much they charge and most have the pricing displayed on the vehicle. During my last trip to Las Vegas, I spoke with a conference attendee. She complained the surge pricing was triple that of a taxi when she wanted dinner on the strip. And the taxi was ready to go right there. I also found this to be true during my last trip to Denver.

I’ve gone two years in a row for three days of Phish. The band is best known for their musical improvisation, extended jams largely influenced by Grateful Dead, Led Zeppelin, and their dedicated fanbase. The first year we went, we tried to order a Lyft. The price was about $150 to literally go 11 miles!

At 7 am in Times Square, I left my hotel.  My return flight home awaited. It was 30 degrees outside with some expected snow. Out of habit, I opened by Lyft app to find a driver 4 minutes away. As I exited the warm hotel lobby to the frigid air of the NYC streets, I saw a cab waiting right there. I waited a few minutes staring at my phone as the Lyft driver slowly creeped through traffic up the block. I asked the driver if he was available to take me to the airport, and he was. So, I cancelled that Lyft ride and walked straight into a fully insured, inspected vehicle with a professional trained driver. It was a flat fee of $55 which was the same price my Lyft app was quoting had I waited for it.

5) Supporting a local business

lyft or uber vs taxi ridesharing cost and safety

Supporting a local business rather than the corporate monopoly is another reason to consider when deciding between a Lyft or Uber vs Taxi. In a world where Google and Amazon dominate, it’s gratifying to support the local population directly. Most cab companies are the result of families passing down their businesses from generation to generation. In today’s world, it feels as if many businesses are struggling because of the monopoly of corporations that are taking over in so many industries.

It’s hard for me to be ok with living in a world where everything is giant corporation. What does that mean for the rest of us? As the world changes and modes of transportation evolve, many feel taxi cabs will one day be extinct. But many taxi companies are revitalizing and evolving their business models to withstand the test of time. They are upping their standards when it comes to the quality of vehicles they buy. Moreover, they are investing in technology to create booking apps so that they can appeal to the smart-phone dependent generation.

 

Although Uber and Lyft may seem like the cheaper and more convenient option, I strongly urge you to think about all of the above issues around big box ride sharing companies. Is it really worth risking your time, your wallet and most importantly your life – all because it feels easier?

 

More about us: American Business Insurance for taxi companies: https://abiweb.com/services/taxicab-insurance/

A Complete Guide to Insuring On Demand Delivery Start-Ups

There is a growing need for On Demand Delivery Start-Ups. Although it may seem easy enough to do, few think of the potential liabilities and insurance coverage they will need to get started. Many of us are still working remotely and might not ever return to the office. We will also continue to turn to the convenience of ordering food and goods through the click of a button.

Nationwide states are opening their doors for business to resume, but the psychological effects of COVID-19 are everlasting. Restaurants and retail stores are ready for in person dining and shopping, but many people are not rushing out of their houses.

People will still want to social distance and refrain from unnecessary trips to the store. Others now prefer the time saving convenience of Instacart, Amazon and DoorDash.

When COVID first hit, Amazon and Instacart could not keep up with the demand. Amazon Prime members were no longer getting 2-day shipping and Instacart deliveries were hard to come by. There were days I would check the app several times throughout the day for a delivery slot just to avoid going to the grocery store.

Moreover, you may have found that contacting your local insurance broker to handle insurance for On Demand Delivery Start-Ups just isn’t working – and we know why!

 

Finding the Right Broker for On Demand Delivery Start-Ups

On Demand Delivery Start-Ups
UberEats was one of a few On Demand Delivery Start-Ups that have grown in popularity since COVID-19.

If you are planning to be the next Postmates or DoorDash, you need to prepare and think about insurance before  launching On Demand Delivery Start-Ups. One of them is finding the right broker.  Not all brokers are created equal. You will need to find someone that has access to more than one carrier writing Hired & Owned if you are planning to utilize a peer to peer model. If you are planning to own a fleet of vehicles, contacting American Business Insurance will allow you to utilize our Period X™ platform for when vehicles are not operating. We are also close to launching a Period 0™ platform for when cars log into the app.

Commercial auto insurance can be expensive, but ABI is able to connect with your IT team to fully integrate with your app. This means you can spend more time running and growing your business. Which in turn, equates to less time handling insurance.

With our CarTeq™ technology, we provide oversight to On Demand Delivery Start-Ups which is essential (no pun intended) to any successful business.

 

Be Prepared for the Insurance Buying Process

Create the app and have it mostly finished before you start shopping for insurance. Underwriters will want to see what your app looks like before quoting. Many will not spend time quoting your account until they know the app or website is close to completion.

Have a business plan and projection. Many carriers want to see a certain level of planning and investment has been done before quoting. They will usually ask for financials and a marketing plan. They want to see a safety manual (we can help you with that!) and feel comfortable that the On Demand Delivery Start-Ups will be able to compete with the Postmates and DoorDashes of the world.

Create a bio or resume for all key officers. Insurance companies like to see where you came from and how you ended up in the ODD (on demand delivery) space.

Understanding the costs. Most insurance companies have minimum annual premiums ranging from $75,000-150,000. Financing options are available but be ready to put at least 20% down. Sometimes, these premiums are minimum regardless if you operate 1 day or a full year.

Shopping around. There is an abundance of personal auto carriers out there. But, there are only a handful of companies offering insurance for On Demand Delivery Start-Ups. American Business Insurance works with them all. So, there is no need to shop around. Who doesn’t love one stop shopping?

 

So Much to Do, So Little Time to Do It

There is a lot to think about when navigating the insurance buying process for On Demand Delivery Start-Ups, but lucky we are here to help! We’ve helped many others with integrating insurance into their business and we are at the forefront of Insurance Technology.

Not sure where to begin? The first step is contacting us for a full business plan review and insurance quotes. From Full Commercial Auto Liability Insurance, Hired & Non-Owned, Workers Compensation, Directors and Officers Coverages as well as Employment Practices Liability Insurance – we are excited to hear what you have cooking and how we can help move On Demand Delivery Start-Ups forward.

 

Written by Laura Loftus who is the Executive Broker/Sales and Marketing Manager at American Business Insurance Services, Inc. She has more than 10 years of experience insuring business in the For-Hire, Livery, Transportation Network Company, On Demand Delivery & Shared Economy industries. Looking for a quote on your business?  Call us Monday – Friday, 8 am to 5 pm pacific: 800-980-1950 or email us anytime!

 

 

 

 

NEMT Insurance in Utah

Looking for NEMT Insurance in Utah?

Are you looking for a professional insurance agency that knows the ins-and-outs of Non-Emergency Medical Transportation, or NEMT Insurance, in Utah? American Business Insurance Services specializes in helping companies find and maintain the best amount of insurance. Our goal is to make sure that your business, employees, and customers are all protected without breaking the bank. We know that unlike standard automobiles, even a fender bender can create circumstances for a large claim due to the potentially fragile passengers being transported.

NEMT Services in UtahAmerican Business Insurance provides professional advice that will help you fully cover your business from all liabilities that could hurt your company. With this consultative-style approach, we are able to recommend the most comprehensive and most cost-effective NEMT insurance for your business. American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Utah as well as nearly every other state in the U.S.

NEMT Insurance in Utah for Company Fleets

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws, we want the best care for them. But sometimes, our lives get a bit hectic and busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need. The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

NEMT Insurance in Utah

Even for those who have loved ones nearby, it’s not always convenient or possible to be available at all hours. Non-emergency medical transportation in Utah can be very advantageous for individuals who are unable to use conventional transportation means. NEMT services in Utah have several benefits. First off, medical transportation services in Utah provide some of the safest transportation options available. Moreover, NEMT services are health-focused – which can be especially important for those with a disability or health condition, as well as the elderly.

non emergency medical transportation vehicle

As a NEMT business owner, this is where your company comes into play. If you are a NEMT agency that operates fleets in Utah, it’s especially important that you have NEMT insurance. American Business Insurance works with agencies to provide the best available coverage. Having the right NEMT insurance in Utah is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies in Utah as well as nationwide, creating customized policies to best serve the client’s needs.

How to Decide on NEMT Insurance for Your Company Fleet

There are a lot of factors that go into finding the best NEMT insurance coverage for your non-emergency medical transportation’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs.

  • Are the majority of your trips for passengers ambulatory or non-ambulatory?
  • Does your company contract with LogistiCare or other providers with strict insurance requirements?
  • Do your vehicles have lifts or ramps?
  • Do your vehicles include backup cameras so your drivers can see whether or not someone in a low wheelchair is behind the vehicle when backing?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life-changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Coverage Requirements for Paratransit and NEMT Companies

It’s crucial to know exactly what’s in your NEMT coverage contract. At American Business Insurance, we examine the contract providers and the requirements that they have. For example, let’s look at LogistiCare.

  • $1,000,000 Combined Single Limit of Auto Liability Coverage
  • Hired & Non-Owned Coverage (Symbols 2,8,9)
  • Loading & Unloading Coverage
  • General Liability Coverage at $1,000,000 per incident $2,000,000 Aggregate
  • Sexual Abuse and Molestation Coverage (limits can vary by location)

There are other requirements in addition to the ones listed above. However, if you are missing any of those items on your insurance policy, LogistiCare will suspend your account. Many large Non-Emergency fleets have a long list of additional interests that have different insurance requirements.

Typically, we will ask for a copy of the provider insurance section of the contract to make absolutely sure that we’ve gotten your coverage written correctly. American Logistics, SoutheastTrans, and other NEMT providers have extremely particular requirements for coverage to protect them. Why is this? One answer: safety.

How Can American Business Insurance Services, Inc. Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Utah off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Instagram, Facebook, LinkedIn.

The Best NEMT Insurance in Texas

For-Hire Livery Insurance

For-hire livery insurance is a type of commercial auto coverage. Businesses use this for vehicles that generate revenue from transporting people. The most common types of for-hire livery insurance include taxi insurance, black car/limousine insurance, non-emergency medical transportation NEMT insurance, and ride share insurance.

What is NEMT and NEMT Insurance?

Non-emergency medical transportation, commonly called NEMT or Paratransit, vehicles are used to transport people who need help traveling to and from appointments for medical treatment. NEMT insurance is a type of livery coverage that protects business vehicles. These vehicles transport patients to medical appointments on a pre-arranged basis. NEMT insurance differs from other forms of livery insurance in a few ways. Unlike taxi services, Medicaid or medical service providers typically compensate NEMT businesses. It’s important to note that EMT vehicles lack the lightbars and sirens commonly found in ambulances and other emergency vehicles. Minivans, passenger vans, and SUVs are among the most common commercial autos for non-emergency medical transportation. 

Your search for a professional insurance agency that knows the ins-and-outs of NEMT insurance is over! American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Texas as well as several other states in the U.S.

NEMT van

Texas NEMT and Background

In Texas, the major hubs are Houston, San Antonio, Dallas, Austin, and Fort Worth. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic can be slow-paced, finding parking can be a burden. Sometimes, a doctor’s visit can take the whole day.

This is when paratransit service or NEMT comes into play. Many NEMT agencies operate fleets in Texas that American Business Insurance works with to provide the best available coverage. Those seeking transportation can be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right NEMT insurance in Texas is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they’ll look into the NEMT company to make sure their loved one is safe and protected. American Business Insurance provides NEMT insurance to companies nationwide. We do so while creating customized policies to best serve our clients’ needs.

How Much Does NEMT Insurance in Texas Cost?

This is typically the first and most frequent question American Business Insurance gets when quoting public auto insurance policy. There’s no sense in wasting time with an agent who can’t get you a better rate than you already have. Depending on where you operate, American Business Insurance can give you an indication based on the premiums of other similar risks in the area. If you own a NEMT business and are looking for NEMT insurance in Texas for your fleet, you’ve come to the right place.

American Business Insurance has a system to research other accounts in your area that have similar coverage limits to you. Therefore, we can usually ball-park based on this data. We’ve had accounts in rural Kentucky, for instance, with annual rates as low as $800 per car. This isn’t a typical rate, but it does happen. Therefore, the best thing to do is provide us with all the information you can. This way, we can shop your application out to all of our carriers. Then we do our thing and get back to you with a firm quote that makes sense for you. We have flexible financing options. Moreover, we will always work with you the best we can to make your coverage as affordable as possible. 

Paratransit/NEMT Insurance in Texas at American Business Insurance Services, Inc.

At American Business Insurance, our goal is to build long-lasting, valued, and trusted relationships. Our mission is to create an understanding of our clients. We want our clients to know they’re at the forefront of our business. American Business Insurance, commits to professional excellence and delivers commitments on time, and of the highest caliber. Also, we use only the best practices in the industry through our stringent processes and systems. These let you run your Texas NEMT service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your NEMT policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, you can make changes to your policy online at any time – day or night. This is essential in running a business that operates 24/7.

We do the leg work for you. We have built strong, long-term relationships with our carriers of NEMT insurance. This way, we can find you the best policy to match your NEMT business needs. We have over 35+ years of experience in insuring commercial auto fleets. This makes American Business Insurance Services, Inc. quick and efficient in finding the best carrier options.

How Can We Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Texas off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Facebook, LinkedIn, and Instagram.

Uber Freight and Commercial Trucking Insurance

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Uber Freight and Commercial Trucking Insurance

In May of 2017, Uber launched one of their newest services Uber Freight. Uber Freight is an exciting, new trucking app that matches vetted drivers with long-haul routes. The app allows drivers or dispatchers to book and confirm routes with the tap of a button. They have the choice to filter the routes they search for by pickup, destination, the offered price, and other factors. Uber Freight is designed to work for carriers of any size. Although, the service is particularly attractive to small fleets and independent owner-operators. In order for trucking fleets and owner-operators to work with Uber Freight they need to have the proper Commercial Trucking Insurance.

 

How Does Uber Freight Work? What are the advantages?

Uber Freight was created with the business model to appeal to smaller fleets and independent truck drivers. Therefore, the app is designed to give more power to operators and solve many problems drivers have with traditional freight brokerage. Before Uber Freight, drivers or Uber Freightoperators would have to make multiple calls to schedule loads. Now the booking process is streamlined. Booking is made simple through the app. As easy as Uber makes it to schedule a car to pick you up on the curb, they make it just as convenient for commercial truck drivers to schedule loads and routes.

Another problem drivers have with traditional methods are delayed payment. The standard for payment is 30 to 60 days, but with Uber Freight drivers can receive payment about seven days after completion. This allows small trucking fleets or owner-operators to continuously operate at full capacity when repairs and other issues arise. A third problem Uber Freight solves is the problem of deadhead miles. Deadhead miles are the number of miles commercial truck drivers drive from the point of unload to the point where their new load is ready to pickup. Uber Freight accounts for this and compensates drivers. Furthermore, the app also features a “Take Me Home”. This setting helps drivers book loads that will take them back home while still earning income.

Uber Freight is still in its beginning years, but with the way they are operating and handling freight brokerage, they are hoping to transform the industry. They are positioning themselves as a drivers first service. They believe that when drivers are empowered and delivery is more efficient all businesses run better. Take a look at the partnership that Uber Freight has with Ocean Spray, and you’ll see how this new service works.

Commercial Trucking Insurance 

As Uber Freight is very much geared towards smaller fleets for the time being, operators need to do all they can to protect their small businesses. We at American Business Insurance Services, Inc. are here to help. Commercial Trucking Insurance or Delivery Insurance is tremendously important to the safety and security of drivers, their freight, and their business. If you are thinking about contracting through Uber Freight, you will have to have the proper insurance coverage. At American Business Insurance Services, Inc. we shop all the currently competitive markets for you. By doing this we can find you the best coverage to fit your specific needs in the commercial trucking industry. 

 

Why You Need Coverage?

American Business Insurance Services, Inc. has identified the Uber Freight business model as one that will likely transform the way the freight delivery industry operates. The seamless Uber Freightadaption of this technology to all types of businesses, that have shipping needs, has allowed for convenience of scheduling, more carrier options for businesses, and expedited delivery.

Our team of licensed brokers are well aware of the coverage you will need as a delivery fleet or owner-operator service. Furthermore, some of the common types of coverage that apply to delivery and commercial trucking businesses are:

  • Auto Liability to protect bodily injury of all parties
  • (Auto)Property Damage to cover damage to property
  • Comprehensive & Collision to protect against most causes of loss to your vehicle(s)
  • Personal Injury or Medical Coverage
  • Cargo Coverage

Contacting American Business Insurance Services, Inc. will guarantee that you are fully covered under a commercial auto policy and allow you to operate your fleet with Uber Freight.

Why American Business Insurance Services, Inc.?

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients that they are at the forefront of our business. Consequently, we strive to make sure we know our clients business thoroughly to create a true partnership. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time and of the highest caliber. Therefore, we use only the best practices in the industry. Through our stringent processes and systems we let you operate your commercial trucking or delivery service with confidence.

In conclusion, the Uber Freight business model could transform the way trucking operates and we understand that. As the business changes we at American Business Insurance Services, Inc. adapt with the change to provide the best types of coverage for clients.

To get a quote for your commercial trucking fleet or delivery service Click Here.

 

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American Business Insurance Services, Inc

PERIOD X™ Fleet Management Software with Insurance Built In

Period X™ Quote

What is Period X™ insurance and how does it work to help you manage your fleet?

American Business Insurance Services, Inc. developed Period X™ for fleet owners or individuals that are renting their cars out on a car sharing platform. This applies to platforms such as Turo, HyreCar or GetAround.  This coverage comes with fleet management software through a web-based dashboard at no extra cost to your policy. This fleet management software comes with tools to ensure your fleet is running at maximum efficiency. When managing your fleet that operates through a Transportation Network Company, the coverage is usually provided to the renter through TNC Provider Insurance. It is important for fleet operators to know that insurance is not supplied through TNC Provider Insurance when the car is not rented out. Of course you want to make sure your car is covered at all times. That’s where our proprietary Period X™ insurance coverage comes into play.

 

 

What a Period X™ Insurance Policy Provides

Our Period X™ Insurance policy provides more than the minimum state limits in
almost all 50 states. A comprehensive insurance product to cover fleets that
are being rented out on Peer to Peer (P2P) rental platforms such as the ones mentioned above. Our product is one of a kind. If you are renting your vehicles out on P2P rental platforms PERSONAL INSURANCE DOES NOT COVER YOU for this type of business model.

fleet management

An insurance policy with fleet management software

We didn’t stop at just putting the Period X™ insurance product together, we did a lot more.  Every Period X™ policy holder receives a proprietary device for each vehicle that they insure. This includes a fleet management web-based dashboard to manage your fleet.  It would be one thing just to have proper coverage that nobody can offer, but below are some of the additional services we provide as part of this coverage:

  • Ability to add/delete vehicles online

  • GPS track each and every car at all times

  • Check billing

  • Access ID cards and so much more fleet management tools

Period X™ is fleet tracking with the insurance built in!

Why we created Period X™ with fleet management software

As usual, the best place to start is always the beginning. To make a long story much shorter, in the beginning there were taxicabs. When taxicabs were the only animal of their kind roaming the earth, life was simple and there was only one period of time. Things were pretty easy. If you needed insurance for a taxicab, you got a taxicab insurance policy that covered that taxi company 24 hours a day, end of story. fleet management software

Then, not too long ago, something called Uber and Lyft came onto the scene.  All of the sudden, things got complicated really fast in the insurance world.  These companies found that if they divided their insurance policy into separate periods of time, and that each period had a coverage limit assigned to it. This made it possible to reduce their exposure (and their insurance premiums) to maximize profits.

Then, we had another new company (HyreCar) facilitating TNC rentals between rideshare drivers that needed cars and vehicle owners who wanted to make money by providing those cars.  The term peer-to-peer rentals was coined.  

A New Problem Arises

Initially, the idea was that personal insurance would cover the party that was renting their vehicle out to the TNC drivers as long as they only had one or two cars. It did not take long for vehicle owners to see that they were netting $700+ a month per car. Seeing such great results, this resulted in the vehicle owners adding more and more cars until they had fleets. Vehicle owners now had 10, 20, or even 30+ cars, which is not covered by personal auto insurance. This issue lead to the need for the Period X™ product to be created since personal insurance doesn’t cover fleets that are primarily used to make money via rental app platforms and especially not TNC rentals.

Napkin math ensued and a new problem emerged: 

“How do I place insurance on my fleet of cars under an LLC or Corp and keep my personal lines insurance pricing?”  

The answer to that question is: Period X™ Insurance!  Our agency was the brains behind this exciting new insurance product. We are now positioned to bring it to the masses! Now, fleet owners who place their inventory on platforms such as; HyreCar, Turo, GetAround & similar peer-to-peer rental platforms have access to a reasonably priced app-based insuranceinsurance product that covers their fleet for only the period of time when the vehicle is not rented out and is being serviced and maintained to ready the car for the next rental.  

There are articles upon articles online in regards to Periods 1,2 & 3 and why they are the way they are. The basic idea is that when a rideshare driver has the rideshare app off, then the rideshare company has no involvement in what that driver does with their car. This results in no insurance for that period of time.  The instant the rideshare app is on and the driver is engaged with it, Period 1, 2 & 3 begins and typically state minimum auto liability limits apply.

fleet management software

 

Breaking down insurance policies divided into separate periods of time:

After the app is turned on and driver is engaged with Period 1, they scan for rides
they’d like to take. The instant the driver accepts a ride, they have entered Period 2. The insurance coverage offered by the rideshare providers increases a bit more to cover incidents that might occur while the driver is on their way to pick up a passenger.

insurance policy

The last (for now) action involved in a typical rideshare exchange is that the driver arrives at the pick-up destination. The instant the passenger(s) get into the driver’s car, Period 3 is activated. 

TNC insurance policy

Period 3 typically involves $1,000,000 of auto liability coverage via the rideshare company insurance policy. This is the riskiest period of time, because any accident occurring during that period fully engages the rideshare provider and all participants involved with that ride.

Period Policies for Commercial Auto Working Together

The “Period 1,2 & 3” policy setup is now the industry standard for app-based transportation companies that offer rides as a service. Now with American Business Insurance Services, Inc. Period X™ insurance coverage, fleet managers are able to go beyond the industry standard. With our Period X™, coverage never slips through the cracks making sure your TNC fleet is protected at all times.

After Uber & Lyft had been around for a couple of years, opportunity-minded people started to notice the great deal of demand for vehicles from drivers who wanted to make money driving for TNC companies, but did not have the means to purchase, lease or finance a vehicle for various reasons.

A few select companies have established a niche in this territory and filled this demand successfully.  These companies didn’t only see this driver need for vehicle inventory in the marketplace. They saw plenty of regular people out there that are not always driving their personal vehicles, or who were interested in purchasing vehicles for the sole reason of renting them out to TNC drivers who needed them. This is an industry that expected to have rapid growth. When creating a TNC company having the proper policy coverage protects your business and livelihood. 

Contact Us For Full Details on Period X™ and our Fleet Tracking Software

We’d love to tell you everything about this program because we’re SO excited about this new product. We can’t just give away all our secrets at once, can we? What we can tell you is that we’re open in most U.S. states, have a full-time I.T. department dedicated to continuously evolving the technology behind this product. Our experienced team of licensed professionals are excited to talk to you about how you can get Period X™ Insurance on your fleet. Give us a call today! Let’s solve your fleet insurance / management problems so you can get back out there and make some money!

Call Today: (800) 980-1950

https://abiweb.com/

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Paratransit Service Insurance in California

GET A NEMT INSURANCE QUOTE TODAY

Paratransit Service Insurance in California for Company Fleet of 15+ Vehicles

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws- we want the best care for them. But the thing is people are busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need.

paratransit service

The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

California NEMT and Background

In California, the major hubs are Los Angeles, San Diego, San Jose, and San Francisco. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. 

Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic is horrendous, finding parking is a nightmare, and a whole day could be filled with a doctor’s visit.

This is when paratransit service or NEMT comes into play. There are many paratransit agencies that operate fleets of 15+ vehicles in California that American Business Insurance Services, Inc. works with to provide the best available coverage. Those seeking transportation are able to be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right paratransit fleet insurance is essential in making sure your business and customers are covered in case of an incident. 

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies nationwide creating customized policies to best serve our clients needs.

How to Decide on Paratransit/ NEMT Insurance For Your Company Fleetparatransit service

There are a lot of factors that go into finding the best insurance coverage for your Paratransit Company’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs. 

  • Do your vehicles have lifts or ramps? 
  • Do your vehicles include backup cameras? 
  • Are the majority of your trips for passengers ambulatory or non-ambulatory? 
  • Do you contract with LogistiCare or other providers with strict insurance requirements?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having the proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Paratransit/NEMT Insurance at American Business Insurance Services, Inc.

paratransit service

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients because we want them to know they are at the forefront of our business. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time, and of the highest caliber. In addition, we use only the best practices in the industry through our stringent processes and systems that let you operate your California paratransit service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your Paratransit policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, policy changes can be made online at any time – day or night. This is essential in running a business that also operates 24/7.

We promise to do the leg work for you. We have built strong long term relationships with our carriers of paratransit insurance in order to find you the best policy to match your business needs. Our 35+ years experience in insuring commercial auto fleets makes American Business Insurance quick and efficient in finding the best carrier options.

Get a quote today!

  Top 5 Issues When Choosing Lyft or Uber vs Taxi

Top 5 Issues When Choosing Lyft or Uber vs Taxi

Written by Laura Loftus on Wednesday, December 5th, 2018

lyft or uber vs taxi ridesharing cost and safety

With travel increasing as we approach the holidays, many of us default to using a Lyft or Uber vs Taxi because we are under the impression that it’s faster, cheaper and all around more convenient than taking a taxi. However, I have a different perspective. As a west-coast based insurance broker who has clients all over the country, I tend travel about once every two months or so.

Most recently, I’ve visited San Francisco, New York City, Denver and Las Vegas for work meetings. I have to tell you, there were times where hopping into a cab was not only easier but also less money than their TNC counterparts.

Nowadays, people seem to think taxis are antiquated. But in reality, taxis are the same thing as an Uber or Lyft app, and I honestly feel safer in a cab. Here’s why.

1) Safety

Safety is my top concern when entering into a Lyft or Uber vs Taxi. For one, Uber and Lyft do not limit how long someone must have been licensed to drive for them. Someone could’ve moved to the US a few weeks ago, obtain a Driver’s License and as long as they have access to a qualifying car and pass a MINIMAL background check – they are approved. Nobody trains them, monitors them, or ensures that they are familiar with the area in which they drive.

The city highly regulates taxi drivers. They require taxi drivers to go through numerous EXTENSIVE background checks. Only then does the city in which they operate in allow them to start transporting people. Many cities require taxi and limo drivers to obtain a Hack License or Chauffeurs license. That means they have endured many hours of classroom-style and behind-the-wheel training.

Besides safety concerns regarding the driver, there are concerns around the vehicle. All taxi companies start their days by inspecting vehicles. They are required to get a vehicle inspection yearly to keep their operating permit. Lyft or Uber vs Taxi vehicles are not regulated at all. Once the driver is approved, there isn’t much regulation unless the ride share vehicle is in an accident.

With ride sharing, you are taking a risk as to who you are getting into a vehicle with. You could end up getting into a vehicle of someone with a criminal background who is dangerous. Even more concerning, I have heard of people leasing or renting out their Uber or Lyft accounts. So, for someone who doesn’t qualify themselves, they will find someone who does qualify. They’ll have to go through the approval process and use someone else’s account to work. That freaks me out, a lot.  When comparing Lyft or Uber vs Taxi, this type of situation would not happen. That’s because fleet owners know exactly who they are leasing the cab out too.

2) Insurance

Insurance issues are a huge concern when riding in a Lyft or Uber vs Taxi vehicle (and I’ll admit, I do use ride sharing apps regularly). Despite being an insurance broker who specializes in Public Auto

lyft or uber vs taxi ridesharing cost and safety

Transportation risks (specifically for-hire, livery businesses such as Taxi’s, Limo’s, Non-Emergency Medical Transportation, shuttles, etc), I often hop into a Lyft or Uber vs Taxi because, let’s face it, it’s super easy.  Hop on an app, order a car, and it will arrive in 4-5 minutes. This is especially the case when you’re in a residential or suburban area where cabs aren’t just lined in the street waiting for their next fare. I often think about what would happen if the car I am in was involved in an accident.

I am extremely knowledgeable on the coverages that Uber and Lyft’s insurance policy include and it’s spotty at best. For one, the driver and passenger are only covered if the app is on and the driver is logged in. What if there is a technical issue and the driver is logged out? If their phone dies, what now? What if they’re in an area with poor reception and the driver is disconnected from the app? A passenger could be held responsible for injuries incurred. Additionally, the majority of ride share drivers do not have commercial insurance. Plus, Uber and Lyft require drivers to turn the claim into their personal auto carrier before they’ll accept liability.

Commercial auto insurance is expensive, about 2 – 5 times higher than personal auto and most ride share drivers do not buy it because their profit margin on operating is thin. They pay for the vehicle itself, maintenance of the vehicle, gas and almost every TNC driver who calls for a quote on commercial auto insurance so that they can be properly insured does not buy it because no one is making them. This means the only coverage they have for their vehicle and the passengers is through Uber or Lyft, which all hinges on the driver being logged into the app.

3) Accessibility

lyft or uber vs taxi ridesharing cost and safetyAccessibility and ease of getting a ride from an airport, in my opinion is far greater for a taxi than a ride sharing unit. When deciding on an Lyft or Uber vs Taxi, typically, I exit a plane and walk straight to a taxi to my destination. I don’t have to rely on my signal being strong enough for the app to work. I don’t have to wait for the car to come through traffic or walk to somewhere off the premises to get a ride. In some airports, they don’t allow ride share units to pick up. If they do, you often have to go up a level to the departure area or walk to a far end of the airport. When I get off a plane, I personally prefer to get straight into a car and quickly be on my way.

On my last trip to San Francisco, I saw a sign that said Ride Share pick up and I could see a side walk with several waiting areas. According to my app, Ride Share would be about 75% of the cost of a cab. I looked at the taxi line and it was empty and there was car waiting. For experimental purposes, I sacrificed my usual cab ride for a Lyft ride to see if it was actually faster and cheaper. I logged into my Lyft app and requested a vehicle. Because the airport was busy, it took 5 minutes for a driver to accept my ride plus 15 minutes for them to actually pull up to the curb. The whole time I kept my eye on the taxi line. I watched person after person get into a cab and drive away.

I wanted to cancel my ride as I had a meeting to get to, but I wanted to complete the experiment. When my driver arrived, the car was new and clean. No complaints. But by the time we sat in traffic and crossed the Bay Bridge from Oakland into San Francisco, the price was literally the same as a taxi. And it delayed my arrival by 30 minutes.

4) Pricing

lyft or uber vs taxi ridesharing cost and safety

Pricing for a ride share trip isn’t consistent. Taxi’s are transparent on how much they charge and most have the pricing displayed on the vehicle. During my last trip to Las Vegas, I spoke with a conference attendee. She complained the surge pricing was triple that of a taxi when she wanted dinner on the strip. And the taxi was ready to go right there. I also found this to be true during my last trip to Denver.

I’ve gone two years in a row for three days of Phish. The band is best known for their musical improvisation, extended jams largely influenced by Grateful Dead, Led Zeppelin, and their dedicated fanbase. The first year we went, we tried to order a Lyft. The price was about $150 to literally go 11 miles!

At 7 am in Times Square, I left my hotel.  My return flight home awaited. It was 30 degrees outside with some expected snow. Out of habit, I opened by Lyft app to find a driver 4 minutes away. As I exited the warm hotel lobby to the frigid air of the NYC streets, I saw a cab waiting right there. I waited a few minutes staring at my phone as the Lyft driver slowly creeped through traffic up the block. I asked the driver if he was available to take me to the airport, and he was. So, I cancelled that Lyft ride and walked straight into a fully insured, inspected vehicle with a professional trained driver. It was a flat fee of $55 which was the same price my Lyft app was quoting had I waited for it.

5) Supporting a local business

lyft or uber vs taxi ridesharing cost and safety

Supporting a local business rather than the corporate monopoly is another reason to consider when deciding between a Lyft or Uber vs Taxi. In a world where Google and Amazon dominate, it’s gratifying to support the local population directly. Most cab companies are the result of families passing down their businesses from generation to generation. In today’s world, it feels as if many businesses are struggling because of the monopoly of corporations that are taking over in so many industries.

It’s hard for me to be ok with living in a world where everything is giant corporation. What does that mean for the rest of us? As the world changes and modes of transportation evolve, many feel taxi cabs will one day be extinct. But many taxi companies are revitalizing and evolving their business models to withstand the test of time. They are upping their standards when it comes to the quality of vehicles they buy. Moreover, they are investing in technology to create booking apps so that they can appeal to the smart-phone dependent generation.

 

Although Uber and Lyft may seem like the cheaper and more convenient option, I strongly urge you to think about all of the above issues around big box ride sharing companies. Is it really worth risking your time, your wallet and most importantly your life – all because it feels easier?

 

More about us: American Business Insurance for taxi companies: https://abiweb.com/services/taxicab-insurance/

A Complete Guide to Insuring On Demand Delivery Start-Ups

There is a growing need for On Demand Delivery Start-Ups. Although it may seem easy enough to do, few think of the potential liabilities and insurance coverage they will need to get started. Many of us are still working remotely and might not ever return to the office. We will also continue to turn to the convenience of ordering food and goods through the click of a button.

Nationwide states are opening their doors for business to resume, but the psychological effects of COVID-19 are everlasting. Restaurants and retail stores are ready for in person dining and shopping, but many people are not rushing out of their houses.

People will still want to social distance and refrain from unnecessary trips to the store. Others now prefer the time saving convenience of Instacart, Amazon and DoorDash.

When COVID first hit, Amazon and Instacart could not keep up with the demand. Amazon Prime members were no longer getting 2-day shipping and Instacart deliveries were hard to come by. There were days I would check the app several times throughout the day for a delivery slot just to avoid going to the grocery store.

Moreover, you may have found that contacting your local insurance broker to handle insurance for On Demand Delivery Start-Ups just isn’t working – and we know why!

 

Finding the Right Broker for On Demand Delivery Start-Ups

On Demand Delivery Start-Ups
UberEats was one of a few On Demand Delivery Start-Ups that have grown in popularity since COVID-19.

If you are planning to be the next Postmates or DoorDash, you need to prepare and think about insurance before  launching On Demand Delivery Start-Ups. One of them is finding the right broker.  Not all brokers are created equal. You will need to find someone that has access to more than one carrier writing Hired & Owned if you are planning to utilize a peer to peer model. If you are planning to own a fleet of vehicles, contacting American Business Insurance will allow you to utilize our Period X™ platform for when vehicles are not operating. We are also close to launching a Period 0™ platform for when cars log into the app.

Commercial auto insurance can be expensive, but ABI is able to connect with your IT team to fully integrate with your app. This means you can spend more time running and growing your business. Which in turn, equates to less time handling insurance.

With our CarTeq™ technology, we provide oversight to On Demand Delivery Start-Ups which is essential (no pun intended) to any successful business.

 

Be Prepared for the Insurance Buying Process

Create the app and have it mostly finished before you start shopping for insurance. Underwriters will want to see what your app looks like before quoting. Many will not spend time quoting your account until they know the app or website is close to completion.

Have a business plan and projection. Many carriers want to see a certain level of planning and investment has been done before quoting. They will usually ask for financials and a marketing plan. They want to see a safety manual (we can help you with that!) and feel comfortable that the On Demand Delivery Start-Ups will be able to compete with the Postmates and DoorDashes of the world.

Create a bio or resume for all key officers. Insurance companies like to see where you came from and how you ended up in the ODD (on demand delivery) space.

Understanding the costs. Most insurance companies have minimum annual premiums ranging from $75,000-150,000. Financing options are available but be ready to put at least 20% down. Sometimes, these premiums are minimum regardless if you operate 1 day or a full year.

Shopping around. There is an abundance of personal auto carriers out there. But, there are only a handful of companies offering insurance for On Demand Delivery Start-Ups. American Business Insurance works with them all. So, there is no need to shop around. Who doesn’t love one stop shopping?

 

So Much to Do, So Little Time to Do It

There is a lot to think about when navigating the insurance buying process for On Demand Delivery Start-Ups, but lucky we are here to help! We’ve helped many others with integrating insurance into their business and we are at the forefront of Insurance Technology.

Not sure where to begin? The first step is contacting us for a full business plan review and insurance quotes. From Full Commercial Auto Liability Insurance, Hired & Non-Owned, Workers Compensation, Directors and Officers Coverages as well as Employment Practices Liability Insurance – we are excited to hear what you have cooking and how we can help move On Demand Delivery Start-Ups forward.

 

Written by Laura Loftus who is the Executive Broker/Sales and Marketing Manager at American Business Insurance Services, Inc. She has more than 10 years of experience insuring business in the For-Hire, Livery, Transportation Network Company, On Demand Delivery & Shared Economy industries. Looking for a quote on your business?  Call us Monday – Friday, 8 am to 5 pm pacific: 800-980-1950 or email us anytime!

 

 

 

 

NEMT Insurance in Utah

Looking for NEMT Insurance in Utah?

Are you looking for a professional insurance agency that knows the ins-and-outs of Non-Emergency Medical Transportation, or NEMT Insurance, in Utah? American Business Insurance Services specializes in helping companies find and maintain the best amount of insurance. Our goal is to make sure that your business, employees, and customers are all protected without breaking the bank. We know that unlike standard automobiles, even a fender bender can create circumstances for a large claim due to the potentially fragile passengers being transported.

NEMT Services in UtahAmerican Business Insurance provides professional advice that will help you fully cover your business from all liabilities that could hurt your company. With this consultative-style approach, we are able to recommend the most comprehensive and most cost-effective NEMT insurance for your business. American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Utah as well as nearly every other state in the U.S.

NEMT Insurance in Utah for Company Fleets

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws, we want the best care for them. But sometimes, our lives get a bit hectic and busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need. The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

NEMT Insurance in Utah

Even for those who have loved ones nearby, it’s not always convenient or possible to be available at all hours. Non-emergency medical transportation in Utah can be very advantageous for individuals who are unable to use conventional transportation means. NEMT services in Utah have several benefits. First off, medical transportation services in Utah provide some of the safest transportation options available. Moreover, NEMT services are health-focused – which can be especially important for those with a disability or health condition, as well as the elderly.

non emergency medical transportation vehicle

As a NEMT business owner, this is where your company comes into play. If you are a NEMT agency that operates fleets in Utah, it’s especially important that you have NEMT insurance. American Business Insurance works with agencies to provide the best available coverage. Having the right NEMT insurance in Utah is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies in Utah as well as nationwide, creating customized policies to best serve the client’s needs.

How to Decide on NEMT Insurance for Your Company Fleet

There are a lot of factors that go into finding the best NEMT insurance coverage for your non-emergency medical transportation’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs.

  • Are the majority of your trips for passengers ambulatory or non-ambulatory?
  • Does your company contract with LogistiCare or other providers with strict insurance requirements?
  • Do your vehicles have lifts or ramps?
  • Do your vehicles include backup cameras so your drivers can see whether or not someone in a low wheelchair is behind the vehicle when backing?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life-changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Coverage Requirements for Paratransit and NEMT Companies

It’s crucial to know exactly what’s in your NEMT coverage contract. At American Business Insurance, we examine the contract providers and the requirements that they have. For example, let’s look at LogistiCare.

  • $1,000,000 Combined Single Limit of Auto Liability Coverage
  • Hired & Non-Owned Coverage (Symbols 2,8,9)
  • Loading & Unloading Coverage
  • General Liability Coverage at $1,000,000 per incident $2,000,000 Aggregate
  • Sexual Abuse and Molestation Coverage (limits can vary by location)

There are other requirements in addition to the ones listed above. However, if you are missing any of those items on your insurance policy, LogistiCare will suspend your account. Many large Non-Emergency fleets have a long list of additional interests that have different insurance requirements.

Typically, we will ask for a copy of the provider insurance section of the contract to make absolutely sure that we’ve gotten your coverage written correctly. American Logistics, SoutheastTrans, and other NEMT providers have extremely particular requirements for coverage to protect them. Why is this? One answer: safety.

How Can American Business Insurance Services, Inc. Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Utah off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Instagram, Facebook, LinkedIn.

The Best NEMT Insurance in Texas

For-Hire Livery Insurance

For-hire livery insurance is a type of commercial auto coverage. Businesses use this for vehicles that generate revenue from transporting people. The most common types of for-hire livery insurance include taxi insurance, black car/limousine insurance, non-emergency medical transportation NEMT insurance, and ride share insurance.

What is NEMT and NEMT Insurance?

Non-emergency medical transportation, commonly called NEMT or Paratransit, vehicles are used to transport people who need help traveling to and from appointments for medical treatment. NEMT insurance is a type of livery coverage that protects business vehicles. These vehicles transport patients to medical appointments on a pre-arranged basis. NEMT insurance differs from other forms of livery insurance in a few ways. Unlike taxi services, Medicaid or medical service providers typically compensate NEMT businesses. It’s important to note that EMT vehicles lack the lightbars and sirens commonly found in ambulances and other emergency vehicles. Minivans, passenger vans, and SUVs are among the most common commercial autos for non-emergency medical transportation. 

Your search for a professional insurance agency that knows the ins-and-outs of NEMT insurance is over! American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Texas as well as several other states in the U.S.

NEMT van

Texas NEMT and Background

In Texas, the major hubs are Houston, San Antonio, Dallas, Austin, and Fort Worth. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic can be slow-paced, finding parking can be a burden. Sometimes, a doctor’s visit can take the whole day.

This is when paratransit service or NEMT comes into play. Many NEMT agencies operate fleets in Texas that American Business Insurance works with to provide the best available coverage. Those seeking transportation can be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right NEMT insurance in Texas is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they’ll look into the NEMT company to make sure their loved one is safe and protected. American Business Insurance provides NEMT insurance to companies nationwide. We do so while creating customized policies to best serve our clients’ needs.

How Much Does NEMT Insurance in Texas Cost?

This is typically the first and most frequent question American Business Insurance gets when quoting public auto insurance policy. There’s no sense in wasting time with an agent who can’t get you a better rate than you already have. Depending on where you operate, American Business Insurance can give you an indication based on the premiums of other similar risks in the area. If you own a NEMT business and are looking for NEMT insurance in Texas for your fleet, you’ve come to the right place.

American Business Insurance has a system to research other accounts in your area that have similar coverage limits to you. Therefore, we can usually ball-park based on this data. We’ve had accounts in rural Kentucky, for instance, with annual rates as low as $800 per car. This isn’t a typical rate, but it does happen. Therefore, the best thing to do is provide us with all the information you can. This way, we can shop your application out to all of our carriers. Then we do our thing and get back to you with a firm quote that makes sense for you. We have flexible financing options. Moreover, we will always work with you the best we can to make your coverage as affordable as possible. 

Paratransit/NEMT Insurance in Texas at American Business Insurance Services, Inc.

At American Business Insurance, our goal is to build long-lasting, valued, and trusted relationships. Our mission is to create an understanding of our clients. We want our clients to know they’re at the forefront of our business. American Business Insurance, commits to professional excellence and delivers commitments on time, and of the highest caliber. Also, we use only the best practices in the industry through our stringent processes and systems. These let you run your Texas NEMT service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your NEMT policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, you can make changes to your policy online at any time – day or night. This is essential in running a business that operates 24/7.

We do the leg work for you. We have built strong, long-term relationships with our carriers of NEMT insurance. This way, we can find you the best policy to match your NEMT business needs. We have over 35+ years of experience in insuring commercial auto fleets. This makes American Business Insurance Services, Inc. quick and efficient in finding the best carrier options.

How Can We Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Texas off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Facebook, LinkedIn, and Instagram.

Uber Freight and Commercial Trucking Insurance

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Uber Freight and Commercial Trucking Insurance

In May of 2017, Uber launched one of their newest services Uber Freight. Uber Freight is an exciting, new trucking app that matches vetted drivers with long-haul routes. The app allows drivers or dispatchers to book and confirm routes with the tap of a button. They have the choice to filter the routes they search for by pickup, destination, the offered price, and other factors. Uber Freight is designed to work for carriers of any size. Although, the service is particularly attractive to small fleets and independent owner-operators. In order for trucking fleets and owner-operators to work with Uber Freight they need to have the proper Commercial Trucking Insurance.

 

How Does Uber Freight Work? What are the advantages?

Uber Freight was created with the business model to appeal to smaller fleets and independent truck drivers. Therefore, the app is designed to give more power to operators and solve many problems drivers have with traditional freight brokerage. Before Uber Freight, drivers or Uber Freightoperators would have to make multiple calls to schedule loads. Now the booking process is streamlined. Booking is made simple through the app. As easy as Uber makes it to schedule a car to pick you up on the curb, they make it just as convenient for commercial truck drivers to schedule loads and routes.

Another problem drivers have with traditional methods are delayed payment. The standard for payment is 30 to 60 days, but with Uber Freight drivers can receive payment about seven days after completion. This allows small trucking fleets or owner-operators to continuously operate at full capacity when repairs and other issues arise. A third problem Uber Freight solves is the problem of deadhead miles. Deadhead miles are the number of miles commercial truck drivers drive from the point of unload to the point where their new load is ready to pickup. Uber Freight accounts for this and compensates drivers. Furthermore, the app also features a “Take Me Home”. This setting helps drivers book loads that will take them back home while still earning income.

Uber Freight is still in its beginning years, but with the way they are operating and handling freight brokerage, they are hoping to transform the industry. They are positioning themselves as a drivers first service. They believe that when drivers are empowered and delivery is more efficient all businesses run better. Take a look at the partnership that Uber Freight has with Ocean Spray, and you’ll see how this new service works.

Commercial Trucking Insurance 

As Uber Freight is very much geared towards smaller fleets for the time being, operators need to do all they can to protect their small businesses. We at American Business Insurance Services, Inc. are here to help. Commercial Trucking Insurance or Delivery Insurance is tremendously important to the safety and security of drivers, their freight, and their business. If you are thinking about contracting through Uber Freight, you will have to have the proper insurance coverage. At American Business Insurance Services, Inc. we shop all the currently competitive markets for you. By doing this we can find you the best coverage to fit your specific needs in the commercial trucking industry. 

 

Why You Need Coverage?

American Business Insurance Services, Inc. has identified the Uber Freight business model as one that will likely transform the way the freight delivery industry operates. The seamless Uber Freightadaption of this technology to all types of businesses, that have shipping needs, has allowed for convenience of scheduling, more carrier options for businesses, and expedited delivery.

Our team of licensed brokers are well aware of the coverage you will need as a delivery fleet or owner-operator service. Furthermore, some of the common types of coverage that apply to delivery and commercial trucking businesses are:

  • Auto Liability to protect bodily injury of all parties
  • (Auto)Property Damage to cover damage to property
  • Comprehensive & Collision to protect against most causes of loss to your vehicle(s)
  • Personal Injury or Medical Coverage
  • Cargo Coverage

Contacting American Business Insurance Services, Inc. will guarantee that you are fully covered under a commercial auto policy and allow you to operate your fleet with Uber Freight.

Why American Business Insurance Services, Inc.?

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients that they are at the forefront of our business. Consequently, we strive to make sure we know our clients business thoroughly to create a true partnership. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time and of the highest caliber. Therefore, we use only the best practices in the industry. Through our stringent processes and systems we let you operate your commercial trucking or delivery service with confidence.

In conclusion, the Uber Freight business model could transform the way trucking operates and we understand that. As the business changes we at American Business Insurance Services, Inc. adapt with the change to provide the best types of coverage for clients.

To get a quote for your commercial trucking fleet or delivery service Click Here.

 

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American Business Insurance Services, Inc

PERIOD X™ Fleet Management Software with Insurance Built In

Period X™ Quote

What is Period X™ insurance and how does it work to help you manage your fleet?

American Business Insurance Services, Inc. developed Period X™ for fleet owners or individuals that are renting their cars out on a car sharing platform. This applies to platforms such as Turo, HyreCar or GetAround.  This coverage comes with fleet management software through a web-based dashboard at no extra cost to your policy. This fleet management software comes with tools to ensure your fleet is running at maximum efficiency. When managing your fleet that operates through a Transportation Network Company, the coverage is usually provided to the renter through TNC Provider Insurance. It is important for fleet operators to know that insurance is not supplied through TNC Provider Insurance when the car is not rented out. Of course you want to make sure your car is covered at all times. That’s where our proprietary Period X™ insurance coverage comes into play.

 

 

What a Period X™ Insurance Policy Provides

Our Period X™ Insurance policy provides more than the minimum state limits in
almost all 50 states. A comprehensive insurance product to cover fleets that
are being rented out on Peer to Peer (P2P) rental platforms such as the ones mentioned above. Our product is one of a kind. If you are renting your vehicles out on P2P rental platforms PERSONAL INSURANCE DOES NOT COVER YOU for this type of business model.

fleet management

An insurance policy with fleet management software

We didn’t stop at just putting the Period X™ insurance product together, we did a lot more.  Every Period X™ policy holder receives a proprietary device for each vehicle that they insure. This includes a fleet management web-based dashboard to manage your fleet.  It would be one thing just to have proper coverage that nobody can offer, but below are some of the additional services we provide as part of this coverage:

  • Ability to add/delete vehicles online

  • GPS track each and every car at all times

  • Check billing

  • Access ID cards and so much more fleet management tools

Period X™ is fleet tracking with the insurance built in!

Why we created Period X™ with fleet management software

As usual, the best place to start is always the beginning. To make a long story much shorter, in the beginning there were taxicabs. When taxicabs were the only animal of their kind roaming the earth, life was simple and there was only one period of time. Things were pretty easy. If you needed insurance for a taxicab, you got a taxicab insurance policy that covered that taxi company 24 hours a day, end of story. fleet management software

Then, not too long ago, something called Uber and Lyft came onto the scene.  All of the sudden, things got complicated really fast in the insurance world.  These companies found that if they divided their insurance policy into separate periods of time, and that each period had a coverage limit assigned to it. This made it possible to reduce their exposure (and their insurance premiums) to maximize profits.

Then, we had another new company (HyreCar) facilitating TNC rentals between rideshare drivers that needed cars and vehicle owners who wanted to make money by providing those cars.  The term peer-to-peer rentals was coined.  

A New Problem Arises

Initially, the idea was that personal insurance would cover the party that was renting their vehicle out to the TNC drivers as long as they only had one or two cars. It did not take long for vehicle owners to see that they were netting $700+ a month per car. Seeing such great results, this resulted in the vehicle owners adding more and more cars until they had fleets. Vehicle owners now had 10, 20, or even 30+ cars, which is not covered by personal auto insurance. This issue lead to the need for the Period X™ product to be created since personal insurance doesn’t cover fleets that are primarily used to make money via rental app platforms and especially not TNC rentals.

Napkin math ensued and a new problem emerged: 

“How do I place insurance on my fleet of cars under an LLC or Corp and keep my personal lines insurance pricing?”  

The answer to that question is: Period X™ Insurance!  Our agency was the brains behind this exciting new insurance product. We are now positioned to bring it to the masses! Now, fleet owners who place their inventory on platforms such as; HyreCar, Turo, GetAround & similar peer-to-peer rental platforms have access to a reasonably priced app-based insuranceinsurance product that covers their fleet for only the period of time when the vehicle is not rented out and is being serviced and maintained to ready the car for the next rental.  

There are articles upon articles online in regards to Periods 1,2 & 3 and why they are the way they are. The basic idea is that when a rideshare driver has the rideshare app off, then the rideshare company has no involvement in what that driver does with their car. This results in no insurance for that period of time.  The instant the rideshare app is on and the driver is engaged with it, Period 1, 2 & 3 begins and typically state minimum auto liability limits apply.

fleet management software

 

Breaking down insurance policies divided into separate periods of time:

After the app is turned on and driver is engaged with Period 1, they scan for rides
they’d like to take. The instant the driver accepts a ride, they have entered Period 2. The insurance coverage offered by the rideshare providers increases a bit more to cover incidents that might occur while the driver is on their way to pick up a passenger.

insurance policy

The last (for now) action involved in a typical rideshare exchange is that the driver arrives at the pick-up destination. The instant the passenger(s) get into the driver’s car, Period 3 is activated. 

TNC insurance policy

Period 3 typically involves $1,000,000 of auto liability coverage via the rideshare company insurance policy. This is the riskiest period of time, because any accident occurring during that period fully engages the rideshare provider and all participants involved with that ride.

Period Policies for Commercial Auto Working Together

The “Period 1,2 & 3” policy setup is now the industry standard for app-based transportation companies that offer rides as a service. Now with American Business Insurance Services, Inc. Period X™ insurance coverage, fleet managers are able to go beyond the industry standard. With our Period X™, coverage never slips through the cracks making sure your TNC fleet is protected at all times.

After Uber & Lyft had been around for a couple of years, opportunity-minded people started to notice the great deal of demand for vehicles from drivers who wanted to make money driving for TNC companies, but did not have the means to purchase, lease or finance a vehicle for various reasons.

A few select companies have established a niche in this territory and filled this demand successfully.  These companies didn’t only see this driver need for vehicle inventory in the marketplace. They saw plenty of regular people out there that are not always driving their personal vehicles, or who were interested in purchasing vehicles for the sole reason of renting them out to TNC drivers who needed them. This is an industry that expected to have rapid growth. When creating a TNC company having the proper policy coverage protects your business and livelihood. 

Contact Us For Full Details on Period X™ and our Fleet Tracking Software

We’d love to tell you everything about this program because we’re SO excited about this new product. We can’t just give away all our secrets at once, can we? What we can tell you is that we’re open in most U.S. states, have a full-time I.T. department dedicated to continuously evolving the technology behind this product. Our experienced team of licensed professionals are excited to talk to you about how you can get Period X™ Insurance on your fleet. Give us a call today! Let’s solve your fleet insurance / management problems so you can get back out there and make some money!

Call Today: (800) 980-1950

https://abiweb.com/

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Paratransit Service Insurance in California

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Paratransit Service Insurance in California for Company Fleet of 15+ Vehicles

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws- we want the best care for them. But the thing is people are busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need.

paratransit service

The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

California NEMT and Background

In California, the major hubs are Los Angeles, San Diego, San Jose, and San Francisco. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. 

Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic is horrendous, finding parking is a nightmare, and a whole day could be filled with a doctor’s visit.

This is when paratransit service or NEMT comes into play. There are many paratransit agencies that operate fleets of 15+ vehicles in California that American Business Insurance Services, Inc. works with to provide the best available coverage. Those seeking transportation are able to be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right paratransit fleet insurance is essential in making sure your business and customers are covered in case of an incident. 

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies nationwide creating customized policies to best serve our clients needs.

How to Decide on Paratransit/ NEMT Insurance For Your Company Fleetparatransit service

There are a lot of factors that go into finding the best insurance coverage for your Paratransit Company’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs. 

  • Do your vehicles have lifts or ramps? 
  • Do your vehicles include backup cameras? 
  • Are the majority of your trips for passengers ambulatory or non-ambulatory? 
  • Do you contract with LogistiCare or other providers with strict insurance requirements?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having the proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Paratransit/NEMT Insurance at American Business Insurance Services, Inc.

paratransit service

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients because we want them to know they are at the forefront of our business. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time, and of the highest caliber. In addition, we use only the best practices in the industry through our stringent processes and systems that let you operate your California paratransit service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your Paratransit policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, policy changes can be made online at any time – day or night. This is essential in running a business that also operates 24/7.

We promise to do the leg work for you. We have built strong long term relationships with our carriers of paratransit insurance in order to find you the best policy to match your business needs. Our 35+ years experience in insuring commercial auto fleets makes American Business Insurance quick and efficient in finding the best carrier options.

Get a quote today!

  Top 5 Issues When Choosing Lyft or Uber vs Taxi

Top 5 Issues When Choosing Lyft or Uber vs Taxi

Written by Laura Loftus on Wednesday, December 5th, 2018

lyft or uber vs taxi ridesharing cost and safety

With travel increasing as we approach the holidays, many of us default to using a Lyft or Uber vs Taxi because we are under the impression that it’s faster, cheaper and all around more convenient than taking a taxi. However, I have a different perspective. As a west-coast based insurance broker who has clients all over the country, I tend travel about once every two months or so.

Most recently, I’ve visited San Francisco, New York City, Denver and Las Vegas for work meetings. I have to tell you, there were times where hopping into a cab was not only easier but also less money than their TNC counterparts.

Nowadays, people seem to think taxis are antiquated. But in reality, taxis are the same thing as an Uber or Lyft app, and I honestly feel safer in a cab. Here’s why.

1) Safety

Safety is my top concern when entering into a Lyft or Uber vs Taxi. For one, Uber and Lyft do not limit how long someone must have been licensed to drive for them. Someone could’ve moved to the US a few weeks ago, obtain a Driver’s License and as long as they have access to a qualifying car and pass a MINIMAL background check – they are approved. Nobody trains them, monitors them, or ensures that they are familiar with the area in which they drive.

The city highly regulates taxi drivers. They require taxi drivers to go through numerous EXTENSIVE background checks. Only then does the city in which they operate in allow them to start transporting people. Many cities require taxi and limo drivers to obtain a Hack License or Chauffeurs license. That means they have endured many hours of classroom-style and behind-the-wheel training.

Besides safety concerns regarding the driver, there are concerns around the vehicle. All taxi companies start their days by inspecting vehicles. They are required to get a vehicle inspection yearly to keep their operating permit. Lyft or Uber vs Taxi vehicles are not regulated at all. Once the driver is approved, there isn’t much regulation unless the ride share vehicle is in an accident.

With ride sharing, you are taking a risk as to who you are getting into a vehicle with. You could end up getting into a vehicle of someone with a criminal background who is dangerous. Even more concerning, I have heard of people leasing or renting out their Uber or Lyft accounts. So, for someone who doesn’t qualify themselves, they will find someone who does qualify. They’ll have to go through the approval process and use someone else’s account to work. That freaks me out, a lot.  When comparing Lyft or Uber vs Taxi, this type of situation would not happen. That’s because fleet owners know exactly who they are leasing the cab out too.

2) Insurance

Insurance issues are a huge concern when riding in a Lyft or Uber vs Taxi vehicle (and I’ll admit, I do use ride sharing apps regularly). Despite being an insurance broker who specializes in Public Auto

lyft or uber vs taxi ridesharing cost and safety

Transportation risks (specifically for-hire, livery businesses such as Taxi’s, Limo’s, Non-Emergency Medical Transportation, shuttles, etc), I often hop into a Lyft or Uber vs Taxi because, let’s face it, it’s super easy.  Hop on an app, order a car, and it will arrive in 4-5 minutes. This is especially the case when you’re in a residential or suburban area where cabs aren’t just lined in the street waiting for their next fare. I often think about what would happen if the car I am in was involved in an accident.

I am extremely knowledgeable on the coverages that Uber and Lyft’s insurance policy include and it’s spotty at best. For one, the driver and passenger are only covered if the app is on and the driver is logged in. What if there is a technical issue and the driver is logged out? If their phone dies, what now? What if they’re in an area with poor reception and the driver is disconnected from the app? A passenger could be held responsible for injuries incurred. Additionally, the majority of ride share drivers do not have commercial insurance. Plus, Uber and Lyft require drivers to turn the claim into their personal auto carrier before they’ll accept liability.

Commercial auto insurance is expensive, about 2 – 5 times higher than personal auto and most ride share drivers do not buy it because their profit margin on operating is thin. They pay for the vehicle itself, maintenance of the vehicle, gas and almost every TNC driver who calls for a quote on commercial auto insurance so that they can be properly insured does not buy it because no one is making them. This means the only coverage they have for their vehicle and the passengers is through Uber or Lyft, which all hinges on the driver being logged into the app.

3) Accessibility

lyft or uber vs taxi ridesharing cost and safetyAccessibility and ease of getting a ride from an airport, in my opinion is far greater for a taxi than a ride sharing unit. When deciding on an Lyft or Uber vs Taxi, typically, I exit a plane and walk straight to a taxi to my destination. I don’t have to rely on my signal being strong enough for the app to work. I don’t have to wait for the car to come through traffic or walk to somewhere off the premises to get a ride. In some airports, they don’t allow ride share units to pick up. If they do, you often have to go up a level to the departure area or walk to a far end of the airport. When I get off a plane, I personally prefer to get straight into a car and quickly be on my way.

On my last trip to San Francisco, I saw a sign that said Ride Share pick up and I could see a side walk with several waiting areas. According to my app, Ride Share would be about 75% of the cost of a cab. I looked at the taxi line and it was empty and there was car waiting. For experimental purposes, I sacrificed my usual cab ride for a Lyft ride to see if it was actually faster and cheaper. I logged into my Lyft app and requested a vehicle. Because the airport was busy, it took 5 minutes for a driver to accept my ride plus 15 minutes for them to actually pull up to the curb. The whole time I kept my eye on the taxi line. I watched person after person get into a cab and drive away.

I wanted to cancel my ride as I had a meeting to get to, but I wanted to complete the experiment. When my driver arrived, the car was new and clean. No complaints. But by the time we sat in traffic and crossed the Bay Bridge from Oakland into San Francisco, the price was literally the same as a taxi. And it delayed my arrival by 30 minutes.

4) Pricing

lyft or uber vs taxi ridesharing cost and safety

Pricing for a ride share trip isn’t consistent. Taxi’s are transparent on how much they charge and most have the pricing displayed on the vehicle. During my last trip to Las Vegas, I spoke with a conference attendee. She complained the surge pricing was triple that of a taxi when she wanted dinner on the strip. And the taxi was ready to go right there. I also found this to be true during my last trip to Denver.

I’ve gone two years in a row for three days of Phish. The band is best known for their musical improvisation, extended jams largely influenced by Grateful Dead, Led Zeppelin, and their dedicated fanbase. The first year we went, we tried to order a Lyft. The price was about $150 to literally go 11 miles!

At 7 am in Times Square, I left my hotel.  My return flight home awaited. It was 30 degrees outside with some expected snow. Out of habit, I opened by Lyft app to find a driver 4 minutes away. As I exited the warm hotel lobby to the frigid air of the NYC streets, I saw a cab waiting right there. I waited a few minutes staring at my phone as the Lyft driver slowly creeped through traffic up the block. I asked the driver if he was available to take me to the airport, and he was. So, I cancelled that Lyft ride and walked straight into a fully insured, inspected vehicle with a professional trained driver. It was a flat fee of $55 which was the same price my Lyft app was quoting had I waited for it.

5) Supporting a local business

lyft or uber vs taxi ridesharing cost and safety

Supporting a local business rather than the corporate monopoly is another reason to consider when deciding between a Lyft or Uber vs Taxi. In a world where Google and Amazon dominate, it’s gratifying to support the local population directly. Most cab companies are the result of families passing down their businesses from generation to generation. In today’s world, it feels as if many businesses are struggling because of the monopoly of corporations that are taking over in so many industries.

It’s hard for me to be ok with living in a world where everything is giant corporation. What does that mean for the rest of us? As the world changes and modes of transportation evolve, many feel taxi cabs will one day be extinct. But many taxi companies are revitalizing and evolving their business models to withstand the test of time. They are upping their standards when it comes to the quality of vehicles they buy. Moreover, they are investing in technology to create booking apps so that they can appeal to the smart-phone dependent generation.

 

Although Uber and Lyft may seem like the cheaper and more convenient option, I strongly urge you to think about all of the above issues around big box ride sharing companies. Is it really worth risking your time, your wallet and most importantly your life – all because it feels easier?

 

More about us: American Business Insurance for taxi companies: https://abiweb.com/services/taxicab-insurance/

A Complete Guide to Insuring On Demand Delivery Start-Ups

There is a growing need for On Demand Delivery Start-Ups. Although it may seem easy enough to do, few think of the potential liabilities and insurance coverage they will need to get started. Many of us are still working remotely and might not ever return to the office. We will also continue to turn to the convenience of ordering food and goods through the click of a button.

Nationwide states are opening their doors for business to resume, but the psychological effects of COVID-19 are everlasting. Restaurants and retail stores are ready for in person dining and shopping, but many people are not rushing out of their houses.

People will still want to social distance and refrain from unnecessary trips to the store. Others now prefer the time saving convenience of Instacart, Amazon and DoorDash.

When COVID first hit, Amazon and Instacart could not keep up with the demand. Amazon Prime members were no longer getting 2-day shipping and Instacart deliveries were hard to come by. There were days I would check the app several times throughout the day for a delivery slot just to avoid going to the grocery store.

Moreover, you may have found that contacting your local insurance broker to handle insurance for On Demand Delivery Start-Ups just isn’t working – and we know why!

 

Finding the Right Broker for On Demand Delivery Start-Ups

On Demand Delivery Start-Ups
UberEats was one of a few On Demand Delivery Start-Ups that have grown in popularity since COVID-19.

If you are planning to be the next Postmates or DoorDash, you need to prepare and think about insurance before  launching On Demand Delivery Start-Ups. One of them is finding the right broker.  Not all brokers are created equal. You will need to find someone that has access to more than one carrier writing Hired & Owned if you are planning to utilize a peer to peer model. If you are planning to own a fleet of vehicles, contacting American Business Insurance will allow you to utilize our Period X™ platform for when vehicles are not operating. We are also close to launching a Period 0™ platform for when cars log into the app.

Commercial auto insurance can be expensive, but ABI is able to connect with your IT team to fully integrate with your app. This means you can spend more time running and growing your business. Which in turn, equates to less time handling insurance.

With our CarTeq™ technology, we provide oversight to On Demand Delivery Start-Ups which is essential (no pun intended) to any successful business.

 

Be Prepared for the Insurance Buying Process

Create the app and have it mostly finished before you start shopping for insurance. Underwriters will want to see what your app looks like before quoting. Many will not spend time quoting your account until they know the app or website is close to completion.

Have a business plan and projection. Many carriers want to see a certain level of planning and investment has been done before quoting. They will usually ask for financials and a marketing plan. They want to see a safety manual (we can help you with that!) and feel comfortable that the On Demand Delivery Start-Ups will be able to compete with the Postmates and DoorDashes of the world.

Create a bio or resume for all key officers. Insurance companies like to see where you came from and how you ended up in the ODD (on demand delivery) space.

Understanding the costs. Most insurance companies have minimum annual premiums ranging from $75,000-150,000. Financing options are available but be ready to put at least 20% down. Sometimes, these premiums are minimum regardless if you operate 1 day or a full year.

Shopping around. There is an abundance of personal auto carriers out there. But, there are only a handful of companies offering insurance for On Demand Delivery Start-Ups. American Business Insurance works with them all. So, there is no need to shop around. Who doesn’t love one stop shopping?

 

So Much to Do, So Little Time to Do It

There is a lot to think about when navigating the insurance buying process for On Demand Delivery Start-Ups, but lucky we are here to help! We’ve helped many others with integrating insurance into their business and we are at the forefront of Insurance Technology.

Not sure where to begin? The first step is contacting us for a full business plan review and insurance quotes. From Full Commercial Auto Liability Insurance, Hired & Non-Owned, Workers Compensation, Directors and Officers Coverages as well as Employment Practices Liability Insurance – we are excited to hear what you have cooking and how we can help move On Demand Delivery Start-Ups forward.

 

Written by Laura Loftus who is the Executive Broker/Sales and Marketing Manager at American Business Insurance Services, Inc. She has more than 10 years of experience insuring business in the For-Hire, Livery, Transportation Network Company, On Demand Delivery & Shared Economy industries. Looking for a quote on your business?  Call us Monday – Friday, 8 am to 5 pm pacific: 800-980-1950 or email us anytime!

 

 

 

 

NEMT Insurance in Utah

Looking for NEMT Insurance in Utah?

Are you looking for a professional insurance agency that knows the ins-and-outs of Non-Emergency Medical Transportation, or NEMT Insurance, in Utah? American Business Insurance Services specializes in helping companies find and maintain the best amount of insurance. Our goal is to make sure that your business, employees, and customers are all protected without breaking the bank. We know that unlike standard automobiles, even a fender bender can create circumstances for a large claim due to the potentially fragile passengers being transported.

NEMT Services in UtahAmerican Business Insurance provides professional advice that will help you fully cover your business from all liabilities that could hurt your company. With this consultative-style approach, we are able to recommend the most comprehensive and most cost-effective NEMT insurance for your business. American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Utah as well as nearly every other state in the U.S.

NEMT Insurance in Utah for Company Fleets

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws, we want the best care for them. But sometimes, our lives get a bit hectic and busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need. The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

NEMT Insurance in Utah

Even for those who have loved ones nearby, it’s not always convenient or possible to be available at all hours. Non-emergency medical transportation in Utah can be very advantageous for individuals who are unable to use conventional transportation means. NEMT services in Utah have several benefits. First off, medical transportation services in Utah provide some of the safest transportation options available. Moreover, NEMT services are health-focused – which can be especially important for those with a disability or health condition, as well as the elderly.

non emergency medical transportation vehicle

As a NEMT business owner, this is where your company comes into play. If you are a NEMT agency that operates fleets in Utah, it’s especially important that you have NEMT insurance. American Business Insurance works with agencies to provide the best available coverage. Having the right NEMT insurance in Utah is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies in Utah as well as nationwide, creating customized policies to best serve the client’s needs.

How to Decide on NEMT Insurance for Your Company Fleet

There are a lot of factors that go into finding the best NEMT insurance coverage for your non-emergency medical transportation’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs.

  • Are the majority of your trips for passengers ambulatory or non-ambulatory?
  • Does your company contract with LogistiCare or other providers with strict insurance requirements?
  • Do your vehicles have lifts or ramps?
  • Do your vehicles include backup cameras so your drivers can see whether or not someone in a low wheelchair is behind the vehicle when backing?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life-changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Coverage Requirements for Paratransit and NEMT Companies

It’s crucial to know exactly what’s in your NEMT coverage contract. At American Business Insurance, we examine the contract providers and the requirements that they have. For example, let’s look at LogistiCare.

  • $1,000,000 Combined Single Limit of Auto Liability Coverage
  • Hired & Non-Owned Coverage (Symbols 2,8,9)
  • Loading & Unloading Coverage
  • General Liability Coverage at $1,000,000 per incident $2,000,000 Aggregate
  • Sexual Abuse and Molestation Coverage (limits can vary by location)

There are other requirements in addition to the ones listed above. However, if you are missing any of those items on your insurance policy, LogistiCare will suspend your account. Many large Non-Emergency fleets have a long list of additional interests that have different insurance requirements.

Typically, we will ask for a copy of the provider insurance section of the contract to make absolutely sure that we’ve gotten your coverage written correctly. American Logistics, SoutheastTrans, and other NEMT providers have extremely particular requirements for coverage to protect them. Why is this? One answer: safety.

How Can American Business Insurance Services, Inc. Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Utah off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Instagram, Facebook, LinkedIn.

The Best NEMT Insurance in Texas

For-Hire Livery Insurance

For-hire livery insurance is a type of commercial auto coverage. Businesses use this for vehicles that generate revenue from transporting people. The most common types of for-hire livery insurance include taxi insurance, black car/limousine insurance, non-emergency medical transportation NEMT insurance, and ride share insurance.

What is NEMT and NEMT Insurance?

Non-emergency medical transportation, commonly called NEMT or Paratransit, vehicles are used to transport people who need help traveling to and from appointments for medical treatment. NEMT insurance is a type of livery coverage that protects business vehicles. These vehicles transport patients to medical appointments on a pre-arranged basis. NEMT insurance differs from other forms of livery insurance in a few ways. Unlike taxi services, Medicaid or medical service providers typically compensate NEMT businesses. It’s important to note that EMT vehicles lack the lightbars and sirens commonly found in ambulances and other emergency vehicles. Minivans, passenger vans, and SUVs are among the most common commercial autos for non-emergency medical transportation. 

Your search for a professional insurance agency that knows the ins-and-outs of NEMT insurance is over! American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Texas as well as several other states in the U.S.

NEMT van

Texas NEMT and Background

In Texas, the major hubs are Houston, San Antonio, Dallas, Austin, and Fort Worth. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic can be slow-paced, finding parking can be a burden. Sometimes, a doctor’s visit can take the whole day.

This is when paratransit service or NEMT comes into play. Many NEMT agencies operate fleets in Texas that American Business Insurance works with to provide the best available coverage. Those seeking transportation can be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right NEMT insurance in Texas is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they’ll look into the NEMT company to make sure their loved one is safe and protected. American Business Insurance provides NEMT insurance to companies nationwide. We do so while creating customized policies to best serve our clients’ needs.

How Much Does NEMT Insurance in Texas Cost?

This is typically the first and most frequent question American Business Insurance gets when quoting public auto insurance policy. There’s no sense in wasting time with an agent who can’t get you a better rate than you already have. Depending on where you operate, American Business Insurance can give you an indication based on the premiums of other similar risks in the area. If you own a NEMT business and are looking for NEMT insurance in Texas for your fleet, you’ve come to the right place.

American Business Insurance has a system to research other accounts in your area that have similar coverage limits to you. Therefore, we can usually ball-park based on this data. We’ve had accounts in rural Kentucky, for instance, with annual rates as low as $800 per car. This isn’t a typical rate, but it does happen. Therefore, the best thing to do is provide us with all the information you can. This way, we can shop your application out to all of our carriers. Then we do our thing and get back to you with a firm quote that makes sense for you. We have flexible financing options. Moreover, we will always work with you the best we can to make your coverage as affordable as possible. 

Paratransit/NEMT Insurance in Texas at American Business Insurance Services, Inc.

At American Business Insurance, our goal is to build long-lasting, valued, and trusted relationships. Our mission is to create an understanding of our clients. We want our clients to know they’re at the forefront of our business. American Business Insurance, commits to professional excellence and delivers commitments on time, and of the highest caliber. Also, we use only the best practices in the industry through our stringent processes and systems. These let you run your Texas NEMT service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your NEMT policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, you can make changes to your policy online at any time – day or night. This is essential in running a business that operates 24/7.

We do the leg work for you. We have built strong, long-term relationships with our carriers of NEMT insurance. This way, we can find you the best policy to match your NEMT business needs. We have over 35+ years of experience in insuring commercial auto fleets. This makes American Business Insurance Services, Inc. quick and efficient in finding the best carrier options.

How Can We Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Texas off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Facebook, LinkedIn, and Instagram.

Uber Freight and Commercial Trucking Insurance

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Uber Freight and Commercial Trucking Insurance

In May of 2017, Uber launched one of their newest services Uber Freight. Uber Freight is an exciting, new trucking app that matches vetted drivers with long-haul routes. The app allows drivers or dispatchers to book and confirm routes with the tap of a button. They have the choice to filter the routes they search for by pickup, destination, the offered price, and other factors. Uber Freight is designed to work for carriers of any size. Although, the service is particularly attractive to small fleets and independent owner-operators. In order for trucking fleets and owner-operators to work with Uber Freight they need to have the proper Commercial Trucking Insurance.

 

How Does Uber Freight Work? What are the advantages?

Uber Freight was created with the business model to appeal to smaller fleets and independent truck drivers. Therefore, the app is designed to give more power to operators and solve many problems drivers have with traditional freight brokerage. Before Uber Freight, drivers or Uber Freightoperators would have to make multiple calls to schedule loads. Now the booking process is streamlined. Booking is made simple through the app. As easy as Uber makes it to schedule a car to pick you up on the curb, they make it just as convenient for commercial truck drivers to schedule loads and routes.

Another problem drivers have with traditional methods are delayed payment. The standard for payment is 30 to 60 days, but with Uber Freight drivers can receive payment about seven days after completion. This allows small trucking fleets or owner-operators to continuously operate at full capacity when repairs and other issues arise. A third problem Uber Freight solves is the problem of deadhead miles. Deadhead miles are the number of miles commercial truck drivers drive from the point of unload to the point where their new load is ready to pickup. Uber Freight accounts for this and compensates drivers. Furthermore, the app also features a “Take Me Home”. This setting helps drivers book loads that will take them back home while still earning income.

Uber Freight is still in its beginning years, but with the way they are operating and handling freight brokerage, they are hoping to transform the industry. They are positioning themselves as a drivers first service. They believe that when drivers are empowered and delivery is more efficient all businesses run better. Take a look at the partnership that Uber Freight has with Ocean Spray, and you’ll see how this new service works.

Commercial Trucking Insurance 

As Uber Freight is very much geared towards smaller fleets for the time being, operators need to do all they can to protect their small businesses. We at American Business Insurance Services, Inc. are here to help. Commercial Trucking Insurance or Delivery Insurance is tremendously important to the safety and security of drivers, their freight, and their business. If you are thinking about contracting through Uber Freight, you will have to have the proper insurance coverage. At American Business Insurance Services, Inc. we shop all the currently competitive markets for you. By doing this we can find you the best coverage to fit your specific needs in the commercial trucking industry. 

 

Why You Need Coverage?

American Business Insurance Services, Inc. has identified the Uber Freight business model as one that will likely transform the way the freight delivery industry operates. The seamless Uber Freightadaption of this technology to all types of businesses, that have shipping needs, has allowed for convenience of scheduling, more carrier options for businesses, and expedited delivery.

Our team of licensed brokers are well aware of the coverage you will need as a delivery fleet or owner-operator service. Furthermore, some of the common types of coverage that apply to delivery and commercial trucking businesses are:

  • Auto Liability to protect bodily injury of all parties
  • (Auto)Property Damage to cover damage to property
  • Comprehensive & Collision to protect against most causes of loss to your vehicle(s)
  • Personal Injury or Medical Coverage
  • Cargo Coverage

Contacting American Business Insurance Services, Inc. will guarantee that you are fully covered under a commercial auto policy and allow you to operate your fleet with Uber Freight.

Why American Business Insurance Services, Inc.?

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients that they are at the forefront of our business. Consequently, we strive to make sure we know our clients business thoroughly to create a true partnership. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time and of the highest caliber. Therefore, we use only the best practices in the industry. Through our stringent processes and systems we let you operate your commercial trucking or delivery service with confidence.

In conclusion, the Uber Freight business model could transform the way trucking operates and we understand that. As the business changes we at American Business Insurance Services, Inc. adapt with the change to provide the best types of coverage for clients.

To get a quote for your commercial trucking fleet or delivery service Click Here.

 

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American Business Insurance Services, Inc

PERIOD X™ Fleet Management Software with Insurance Built In

Period X™ Quote

What is Period X™ insurance and how does it work to help you manage your fleet?

American Business Insurance Services, Inc. developed Period X™ for fleet owners or individuals that are renting their cars out on a car sharing platform. This applies to platforms such as Turo, HyreCar or GetAround.  This coverage comes with fleet management software through a web-based dashboard at no extra cost to your policy. This fleet management software comes with tools to ensure your fleet is running at maximum efficiency. When managing your fleet that operates through a Transportation Network Company, the coverage is usually provided to the renter through TNC Provider Insurance. It is important for fleet operators to know that insurance is not supplied through TNC Provider Insurance when the car is not rented out. Of course you want to make sure your car is covered at all times. That’s where our proprietary Period X™ insurance coverage comes into play.

 

 

What a Period X™ Insurance Policy Provides

Our Period X™ Insurance policy provides more than the minimum state limits in
almost all 50 states. A comprehensive insurance product to cover fleets that
are being rented out on Peer to Peer (P2P) rental platforms such as the ones mentioned above. Our product is one of a kind. If you are renting your vehicles out on P2P rental platforms PERSONAL INSURANCE DOES NOT COVER YOU for this type of business model.

fleet management

An insurance policy with fleet management software

We didn’t stop at just putting the Period X™ insurance product together, we did a lot more.  Every Period X™ policy holder receives a proprietary device for each vehicle that they insure. This includes a fleet management web-based dashboard to manage your fleet.  It would be one thing just to have proper coverage that nobody can offer, but below are some of the additional services we provide as part of this coverage:

  • Ability to add/delete vehicles online

  • GPS track each and every car at all times

  • Check billing

  • Access ID cards and so much more fleet management tools

Period X™ is fleet tracking with the insurance built in!

Why we created Period X™ with fleet management software

As usual, the best place to start is always the beginning. To make a long story much shorter, in the beginning there were taxicabs. When taxicabs were the only animal of their kind roaming the earth, life was simple and there was only one period of time. Things were pretty easy. If you needed insurance for a taxicab, you got a taxicab insurance policy that covered that taxi company 24 hours a day, end of story. fleet management software

Then, not too long ago, something called Uber and Lyft came onto the scene.  All of the sudden, things got complicated really fast in the insurance world.  These companies found that if they divided their insurance policy into separate periods of time, and that each period had a coverage limit assigned to it. This made it possible to reduce their exposure (and their insurance premiums) to maximize profits.

Then, we had another new company (HyreCar) facilitating TNC rentals between rideshare drivers that needed cars and vehicle owners who wanted to make money by providing those cars.  The term peer-to-peer rentals was coined.  

A New Problem Arises

Initially, the idea was that personal insurance would cover the party that was renting their vehicle out to the TNC drivers as long as they only had one or two cars. It did not take long for vehicle owners to see that they were netting $700+ a month per car. Seeing such great results, this resulted in the vehicle owners adding more and more cars until they had fleets. Vehicle owners now had 10, 20, or even 30+ cars, which is not covered by personal auto insurance. This issue lead to the need for the Period X™ product to be created since personal insurance doesn’t cover fleets that are primarily used to make money via rental app platforms and especially not TNC rentals.

Napkin math ensued and a new problem emerged: 

“How do I place insurance on my fleet of cars under an LLC or Corp and keep my personal lines insurance pricing?”  

The answer to that question is: Period X™ Insurance!  Our agency was the brains behind this exciting new insurance product. We are now positioned to bring it to the masses! Now, fleet owners who place their inventory on platforms such as; HyreCar, Turo, GetAround & similar peer-to-peer rental platforms have access to a reasonably priced app-based insuranceinsurance product that covers their fleet for only the period of time when the vehicle is not rented out and is being serviced and maintained to ready the car for the next rental.  

There are articles upon articles online in regards to Periods 1,2 & 3 and why they are the way they are. The basic idea is that when a rideshare driver has the rideshare app off, then the rideshare company has no involvement in what that driver does with their car. This results in no insurance for that period of time.  The instant the rideshare app is on and the driver is engaged with it, Period 1, 2 & 3 begins and typically state minimum auto liability limits apply.

fleet management software

 

Breaking down insurance policies divided into separate periods of time:

After the app is turned on and driver is engaged with Period 1, they scan for rides
they’d like to take. The instant the driver accepts a ride, they have entered Period 2. The insurance coverage offered by the rideshare providers increases a bit more to cover incidents that might occur while the driver is on their way to pick up a passenger.

insurance policy

The last (for now) action involved in a typical rideshare exchange is that the driver arrives at the pick-up destination. The instant the passenger(s) get into the driver’s car, Period 3 is activated. 

TNC insurance policy

Period 3 typically involves $1,000,000 of auto liability coverage via the rideshare company insurance policy. This is the riskiest period of time, because any accident occurring during that period fully engages the rideshare provider and all participants involved with that ride.

Period Policies for Commercial Auto Working Together

The “Period 1,2 & 3” policy setup is now the industry standard for app-based transportation companies that offer rides as a service. Now with American Business Insurance Services, Inc. Period X™ insurance coverage, fleet managers are able to go beyond the industry standard. With our Period X™, coverage never slips through the cracks making sure your TNC fleet is protected at all times.

After Uber & Lyft had been around for a couple of years, opportunity-minded people started to notice the great deal of demand for vehicles from drivers who wanted to make money driving for TNC companies, but did not have the means to purchase, lease or finance a vehicle for various reasons.

A few select companies have established a niche in this territory and filled this demand successfully.  These companies didn’t only see this driver need for vehicle inventory in the marketplace. They saw plenty of regular people out there that are not always driving their personal vehicles, or who were interested in purchasing vehicles for the sole reason of renting them out to TNC drivers who needed them. This is an industry that expected to have rapid growth. When creating a TNC company having the proper policy coverage protects your business and livelihood. 

Contact Us For Full Details on Period X™ and our Fleet Tracking Software

We’d love to tell you everything about this program because we’re SO excited about this new product. We can’t just give away all our secrets at once, can we? What we can tell you is that we’re open in most U.S. states, have a full-time I.T. department dedicated to continuously evolving the technology behind this product. Our experienced team of licensed professionals are excited to talk to you about how you can get Period X™ Insurance on your fleet. Give us a call today! Let’s solve your fleet insurance / management problems so you can get back out there and make some money!

Call Today: (800) 980-1950

https://abiweb.com/

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Paratransit Service Insurance in California

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Paratransit Service Insurance in California for Company Fleet of 15+ Vehicles

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws- we want the best care for them. But the thing is people are busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need.

paratransit service

The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

California NEMT and Background

In California, the major hubs are Los Angeles, San Diego, San Jose, and San Francisco. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. 

Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic is horrendous, finding parking is a nightmare, and a whole day could be filled with a doctor’s visit.

This is when paratransit service or NEMT comes into play. There are many paratransit agencies that operate fleets of 15+ vehicles in California that American Business Insurance Services, Inc. works with to provide the best available coverage. Those seeking transportation are able to be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right paratransit fleet insurance is essential in making sure your business and customers are covered in case of an incident. 

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies nationwide creating customized policies to best serve our clients needs.

How to Decide on Paratransit/ NEMT Insurance For Your Company Fleetparatransit service

There are a lot of factors that go into finding the best insurance coverage for your Paratransit Company’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs. 

  • Do your vehicles have lifts or ramps? 
  • Do your vehicles include backup cameras? 
  • Are the majority of your trips for passengers ambulatory or non-ambulatory? 
  • Do you contract with LogistiCare or other providers with strict insurance requirements?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having the proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Paratransit/NEMT Insurance at American Business Insurance Services, Inc.

paratransit service

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients because we want them to know they are at the forefront of our business. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time, and of the highest caliber. In addition, we use only the best practices in the industry through our stringent processes and systems that let you operate your California paratransit service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your Paratransit policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, policy changes can be made online at any time – day or night. This is essential in running a business that also operates 24/7.

We promise to do the leg work for you. We have built strong long term relationships with our carriers of paratransit insurance in order to find you the best policy to match your business needs. Our 35+ years experience in insuring commercial auto fleets makes American Business Insurance quick and efficient in finding the best carrier options.

Get a quote today!

  Top 5 Issues When Choosing Lyft or Uber vs Taxi

Top 5 Issues When Choosing Lyft or Uber vs Taxi

Written by Laura Loftus on Wednesday, December 5th, 2018

lyft or uber vs taxi ridesharing cost and safety

With travel increasing as we approach the holidays, many of us default to using a Lyft or Uber vs Taxi because we are under the impression that it’s faster, cheaper and all around more convenient than taking a taxi. However, I have a different perspective. As a west-coast based insurance broker who has clients all over the country, I tend travel about once every two months or so.

Most recently, I’ve visited San Francisco, New York City, Denver and Las Vegas for work meetings. I have to tell you, there were times where hopping into a cab was not only easier but also less money than their TNC counterparts.

Nowadays, people seem to think taxis are antiquated. But in reality, taxis are the same thing as an Uber or Lyft app, and I honestly feel safer in a cab. Here’s why.

1) Safety

Safety is my top concern when entering into a Lyft or Uber vs Taxi. For one, Uber and Lyft do not limit how long someone must have been licensed to drive for them. Someone could’ve moved to the US a few weeks ago, obtain a Driver’s License and as long as they have access to a qualifying car and pass a MINIMAL background check – they are approved. Nobody trains them, monitors them, or ensures that they are familiar with the area in which they drive.

The city highly regulates taxi drivers. They require taxi drivers to go through numerous EXTENSIVE background checks. Only then does the city in which they operate in allow them to start transporting people. Many cities require taxi and limo drivers to obtain a Hack License or Chauffeurs license. That means they have endured many hours of classroom-style and behind-the-wheel training.

Besides safety concerns regarding the driver, there are concerns around the vehicle. All taxi companies start their days by inspecting vehicles. They are required to get a vehicle inspection yearly to keep their operating permit. Lyft or Uber vs Taxi vehicles are not regulated at all. Once the driver is approved, there isn’t much regulation unless the ride share vehicle is in an accident.

With ride sharing, you are taking a risk as to who you are getting into a vehicle with. You could end up getting into a vehicle of someone with a criminal background who is dangerous. Even more concerning, I have heard of people leasing or renting out their Uber or Lyft accounts. So, for someone who doesn’t qualify themselves, they will find someone who does qualify. They’ll have to go through the approval process and use someone else’s account to work. That freaks me out, a lot.  When comparing Lyft or Uber vs Taxi, this type of situation would not happen. That’s because fleet owners know exactly who they are leasing the cab out too.

2) Insurance

Insurance issues are a huge concern when riding in a Lyft or Uber vs Taxi vehicle (and I’ll admit, I do use ride sharing apps regularly). Despite being an insurance broker who specializes in Public Auto

lyft or uber vs taxi ridesharing cost and safety

Transportation risks (specifically for-hire, livery businesses such as Taxi’s, Limo’s, Non-Emergency Medical Transportation, shuttles, etc), I often hop into a Lyft or Uber vs Taxi because, let’s face it, it’s super easy.  Hop on an app, order a car, and it will arrive in 4-5 minutes. This is especially the case when you’re in a residential or suburban area where cabs aren’t just lined in the street waiting for their next fare. I often think about what would happen if the car I am in was involved in an accident.

I am extremely knowledgeable on the coverages that Uber and Lyft’s insurance policy include and it’s spotty at best. For one, the driver and passenger are only covered if the app is on and the driver is logged in. What if there is a technical issue and the driver is logged out? If their phone dies, what now? What if they’re in an area with poor reception and the driver is disconnected from the app? A passenger could be held responsible for injuries incurred. Additionally, the majority of ride share drivers do not have commercial insurance. Plus, Uber and Lyft require drivers to turn the claim into their personal auto carrier before they’ll accept liability.

Commercial auto insurance is expensive, about 2 – 5 times higher than personal auto and most ride share drivers do not buy it because their profit margin on operating is thin. They pay for the vehicle itself, maintenance of the vehicle, gas and almost every TNC driver who calls for a quote on commercial auto insurance so that they can be properly insured does not buy it because no one is making them. This means the only coverage they have for their vehicle and the passengers is through Uber or Lyft, which all hinges on the driver being logged into the app.

3) Accessibility

lyft or uber vs taxi ridesharing cost and safetyAccessibility and ease of getting a ride from an airport, in my opinion is far greater for a taxi than a ride sharing unit. When deciding on an Lyft or Uber vs Taxi, typically, I exit a plane and walk straight to a taxi to my destination. I don’t have to rely on my signal being strong enough for the app to work. I don’t have to wait for the car to come through traffic or walk to somewhere off the premises to get a ride. In some airports, they don’t allow ride share units to pick up. If they do, you often have to go up a level to the departure area or walk to a far end of the airport. When I get off a plane, I personally prefer to get straight into a car and quickly be on my way.

On my last trip to San Francisco, I saw a sign that said Ride Share pick up and I could see a side walk with several waiting areas. According to my app, Ride Share would be about 75% of the cost of a cab. I looked at the taxi line and it was empty and there was car waiting. For experimental purposes, I sacrificed my usual cab ride for a Lyft ride to see if it was actually faster and cheaper. I logged into my Lyft app and requested a vehicle. Because the airport was busy, it took 5 minutes for a driver to accept my ride plus 15 minutes for them to actually pull up to the curb. The whole time I kept my eye on the taxi line. I watched person after person get into a cab and drive away.

I wanted to cancel my ride as I had a meeting to get to, but I wanted to complete the experiment. When my driver arrived, the car was new and clean. No complaints. But by the time we sat in traffic and crossed the Bay Bridge from Oakland into San Francisco, the price was literally the same as a taxi. And it delayed my arrival by 30 minutes.

4) Pricing

lyft or uber vs taxi ridesharing cost and safety

Pricing for a ride share trip isn’t consistent. Taxi’s are transparent on how much they charge and most have the pricing displayed on the vehicle. During my last trip to Las Vegas, I spoke with a conference attendee. She complained the surge pricing was triple that of a taxi when she wanted dinner on the strip. And the taxi was ready to go right there. I also found this to be true during my last trip to Denver.

I’ve gone two years in a row for three days of Phish. The band is best known for their musical improvisation, extended jams largely influenced by Grateful Dead, Led Zeppelin, and their dedicated fanbase. The first year we went, we tried to order a Lyft. The price was about $150 to literally go 11 miles!

At 7 am in Times Square, I left my hotel.  My return flight home awaited. It was 30 degrees outside with some expected snow. Out of habit, I opened by Lyft app to find a driver 4 minutes away. As I exited the warm hotel lobby to the frigid air of the NYC streets, I saw a cab waiting right there. I waited a few minutes staring at my phone as the Lyft driver slowly creeped through traffic up the block. I asked the driver if he was available to take me to the airport, and he was. So, I cancelled that Lyft ride and walked straight into a fully insured, inspected vehicle with a professional trained driver. It was a flat fee of $55 which was the same price my Lyft app was quoting had I waited for it.

5) Supporting a local business

lyft or uber vs taxi ridesharing cost and safety

Supporting a local business rather than the corporate monopoly is another reason to consider when deciding between a Lyft or Uber vs Taxi. In a world where Google and Amazon dominate, it’s gratifying to support the local population directly. Most cab companies are the result of families passing down their businesses from generation to generation. In today’s world, it feels as if many businesses are struggling because of the monopoly of corporations that are taking over in so many industries.

It’s hard for me to be ok with living in a world where everything is giant corporation. What does that mean for the rest of us? As the world changes and modes of transportation evolve, many feel taxi cabs will one day be extinct. But many taxi companies are revitalizing and evolving their business models to withstand the test of time. They are upping their standards when it comes to the quality of vehicles they buy. Moreover, they are investing in technology to create booking apps so that they can appeal to the smart-phone dependent generation.

 

Although Uber and Lyft may seem like the cheaper and more convenient option, I strongly urge you to think about all of the above issues around big box ride sharing companies. Is it really worth risking your time, your wallet and most importantly your life – all because it feels easier?

 

More about us: American Business Insurance for taxi companies: https://abiweb.com/services/taxicab-insurance/

A Complete Guide to Insuring On Demand Delivery Start-Ups

There is a growing need for On Demand Delivery Start-Ups. Although it may seem easy enough to do, few think of the potential liabilities and insurance coverage they will need to get started. Many of us are still working remotely and might not ever return to the office. We will also continue to turn to the convenience of ordering food and goods through the click of a button.

Nationwide states are opening their doors for business to resume, but the psychological effects of COVID-19 are everlasting. Restaurants and retail stores are ready for in person dining and shopping, but many people are not rushing out of their houses.

People will still want to social distance and refrain from unnecessary trips to the store. Others now prefer the time saving convenience of Instacart, Amazon and DoorDash.

When COVID first hit, Amazon and Instacart could not keep up with the demand. Amazon Prime members were no longer getting 2-day shipping and Instacart deliveries were hard to come by. There were days I would check the app several times throughout the day for a delivery slot just to avoid going to the grocery store.

Moreover, you may have found that contacting your local insurance broker to handle insurance for On Demand Delivery Start-Ups just isn’t working – and we know why!

 

Finding the Right Broker for On Demand Delivery Start-Ups

On Demand Delivery Start-Ups
UberEats was one of a few On Demand Delivery Start-Ups that have grown in popularity since COVID-19.

If you are planning to be the next Postmates or DoorDash, you need to prepare and think about insurance before  launching On Demand Delivery Start-Ups. One of them is finding the right broker.  Not all brokers are created equal. You will need to find someone that has access to more than one carrier writing Hired & Owned if you are planning to utilize a peer to peer model. If you are planning to own a fleet of vehicles, contacting American Business Insurance will allow you to utilize our Period X™ platform for when vehicles are not operating. We are also close to launching a Period 0™ platform for when cars log into the app.

Commercial auto insurance can be expensive, but ABI is able to connect with your IT team to fully integrate with your app. This means you can spend more time running and growing your business. Which in turn, equates to less time handling insurance.

With our CarTeq™ technology, we provide oversight to On Demand Delivery Start-Ups which is essential (no pun intended) to any successful business.

 

Be Prepared for the Insurance Buying Process

Create the app and have it mostly finished before you start shopping for insurance. Underwriters will want to see what your app looks like before quoting. Many will not spend time quoting your account until they know the app or website is close to completion.

Have a business plan and projection. Many carriers want to see a certain level of planning and investment has been done before quoting. They will usually ask for financials and a marketing plan. They want to see a safety manual (we can help you with that!) and feel comfortable that the On Demand Delivery Start-Ups will be able to compete with the Postmates and DoorDashes of the world.

Create a bio or resume for all key officers. Insurance companies like to see where you came from and how you ended up in the ODD (on demand delivery) space.

Understanding the costs. Most insurance companies have minimum annual premiums ranging from $75,000-150,000. Financing options are available but be ready to put at least 20% down. Sometimes, these premiums are minimum regardless if you operate 1 day or a full year.

Shopping around. There is an abundance of personal auto carriers out there. But, there are only a handful of companies offering insurance for On Demand Delivery Start-Ups. American Business Insurance works with them all. So, there is no need to shop around. Who doesn’t love one stop shopping?

 

So Much to Do, So Little Time to Do It

There is a lot to think about when navigating the insurance buying process for On Demand Delivery Start-Ups, but lucky we are here to help! We’ve helped many others with integrating insurance into their business and we are at the forefront of Insurance Technology.

Not sure where to begin? The first step is contacting us for a full business plan review and insurance quotes. From Full Commercial Auto Liability Insurance, Hired & Non-Owned, Workers Compensation, Directors and Officers Coverages as well as Employment Practices Liability Insurance – we are excited to hear what you have cooking and how we can help move On Demand Delivery Start-Ups forward.

 

Written by Laura Loftus who is the Executive Broker/Sales and Marketing Manager at American Business Insurance Services, Inc. She has more than 10 years of experience insuring business in the For-Hire, Livery, Transportation Network Company, On Demand Delivery & Shared Economy industries. Looking for a quote on your business?  Call us Monday – Friday, 8 am to 5 pm pacific: 800-980-1950 or email us anytime!

 

 

 

 

NEMT Insurance in Utah

Looking for NEMT Insurance in Utah?

Are you looking for a professional insurance agency that knows the ins-and-outs of Non-Emergency Medical Transportation, or NEMT Insurance, in Utah? American Business Insurance Services specializes in helping companies find and maintain the best amount of insurance. Our goal is to make sure that your business, employees, and customers are all protected without breaking the bank. We know that unlike standard automobiles, even a fender bender can create circumstances for a large claim due to the potentially fragile passengers being transported.

NEMT Services in UtahAmerican Business Insurance provides professional advice that will help you fully cover your business from all liabilities that could hurt your company. With this consultative-style approach, we are able to recommend the most comprehensive and most cost-effective NEMT insurance for your business. American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Utah as well as nearly every other state in the U.S.

NEMT Insurance in Utah for Company Fleets

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws, we want the best care for them. But sometimes, our lives get a bit hectic and busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need. The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

NEMT Insurance in Utah

Even for those who have loved ones nearby, it’s not always convenient or possible to be available at all hours. Non-emergency medical transportation in Utah can be very advantageous for individuals who are unable to use conventional transportation means. NEMT services in Utah have several benefits. First off, medical transportation services in Utah provide some of the safest transportation options available. Moreover, NEMT services are health-focused – which can be especially important for those with a disability or health condition, as well as the elderly.

non emergency medical transportation vehicle

As a NEMT business owner, this is where your company comes into play. If you are a NEMT agency that operates fleets in Utah, it’s especially important that you have NEMT insurance. American Business Insurance works with agencies to provide the best available coverage. Having the right NEMT insurance in Utah is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies in Utah as well as nationwide, creating customized policies to best serve the client’s needs.

How to Decide on NEMT Insurance for Your Company Fleet

There are a lot of factors that go into finding the best NEMT insurance coverage for your non-emergency medical transportation’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs.

  • Are the majority of your trips for passengers ambulatory or non-ambulatory?
  • Does your company contract with LogistiCare or other providers with strict insurance requirements?
  • Do your vehicles have lifts or ramps?
  • Do your vehicles include backup cameras so your drivers can see whether or not someone in a low wheelchair is behind the vehicle when backing?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life-changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Coverage Requirements for Paratransit and NEMT Companies

It’s crucial to know exactly what’s in your NEMT coverage contract. At American Business Insurance, we examine the contract providers and the requirements that they have. For example, let’s look at LogistiCare.

  • $1,000,000 Combined Single Limit of Auto Liability Coverage
  • Hired & Non-Owned Coverage (Symbols 2,8,9)
  • Loading & Unloading Coverage
  • General Liability Coverage at $1,000,000 per incident $2,000,000 Aggregate
  • Sexual Abuse and Molestation Coverage (limits can vary by location)

There are other requirements in addition to the ones listed above. However, if you are missing any of those items on your insurance policy, LogistiCare will suspend your account. Many large Non-Emergency fleets have a long list of additional interests that have different insurance requirements.

Typically, we will ask for a copy of the provider insurance section of the contract to make absolutely sure that we’ve gotten your coverage written correctly. American Logistics, SoutheastTrans, and other NEMT providers have extremely particular requirements for coverage to protect them. Why is this? One answer: safety.

How Can American Business Insurance Services, Inc. Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Utah off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Instagram, Facebook, LinkedIn.

The Best NEMT Insurance in Texas

For-Hire Livery Insurance

For-hire livery insurance is a type of commercial auto coverage. Businesses use this for vehicles that generate revenue from transporting people. The most common types of for-hire livery insurance include taxi insurance, black car/limousine insurance, non-emergency medical transportation NEMT insurance, and ride share insurance.

What is NEMT and NEMT Insurance?

Non-emergency medical transportation, commonly called NEMT or Paratransit, vehicles are used to transport people who need help traveling to and from appointments for medical treatment. NEMT insurance is a type of livery coverage that protects business vehicles. These vehicles transport patients to medical appointments on a pre-arranged basis. NEMT insurance differs from other forms of livery insurance in a few ways. Unlike taxi services, Medicaid or medical service providers typically compensate NEMT businesses. It’s important to note that EMT vehicles lack the lightbars and sirens commonly found in ambulances and other emergency vehicles. Minivans, passenger vans, and SUVs are among the most common commercial autos for non-emergency medical transportation. 

Your search for a professional insurance agency that knows the ins-and-outs of NEMT insurance is over! American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Texas as well as several other states in the U.S.

NEMT van

Texas NEMT and Background

In Texas, the major hubs are Houston, San Antonio, Dallas, Austin, and Fort Worth. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic can be slow-paced, finding parking can be a burden. Sometimes, a doctor’s visit can take the whole day.

This is when paratransit service or NEMT comes into play. Many NEMT agencies operate fleets in Texas that American Business Insurance works with to provide the best available coverage. Those seeking transportation can be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right NEMT insurance in Texas is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they’ll look into the NEMT company to make sure their loved one is safe and protected. American Business Insurance provides NEMT insurance to companies nationwide. We do so while creating customized policies to best serve our clients’ needs.

How Much Does NEMT Insurance in Texas Cost?

This is typically the first and most frequent question American Business Insurance gets when quoting public auto insurance policy. There’s no sense in wasting time with an agent who can’t get you a better rate than you already have. Depending on where you operate, American Business Insurance can give you an indication based on the premiums of other similar risks in the area. If you own a NEMT business and are looking for NEMT insurance in Texas for your fleet, you’ve come to the right place.

American Business Insurance has a system to research other accounts in your area that have similar coverage limits to you. Therefore, we can usually ball-park based on this data. We’ve had accounts in rural Kentucky, for instance, with annual rates as low as $800 per car. This isn’t a typical rate, but it does happen. Therefore, the best thing to do is provide us with all the information you can. This way, we can shop your application out to all of our carriers. Then we do our thing and get back to you with a firm quote that makes sense for you. We have flexible financing options. Moreover, we will always work with you the best we can to make your coverage as affordable as possible. 

Paratransit/NEMT Insurance in Texas at American Business Insurance Services, Inc.

At American Business Insurance, our goal is to build long-lasting, valued, and trusted relationships. Our mission is to create an understanding of our clients. We want our clients to know they’re at the forefront of our business. American Business Insurance, commits to professional excellence and delivers commitments on time, and of the highest caliber. Also, we use only the best practices in the industry through our stringent processes and systems. These let you run your Texas NEMT service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your NEMT policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, you can make changes to your policy online at any time – day or night. This is essential in running a business that operates 24/7.

We do the leg work for you. We have built strong, long-term relationships with our carriers of NEMT insurance. This way, we can find you the best policy to match your NEMT business needs. We have over 35+ years of experience in insuring commercial auto fleets. This makes American Business Insurance Services, Inc. quick and efficient in finding the best carrier options.

How Can We Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Texas off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Facebook, LinkedIn, and Instagram.

Uber Freight and Commercial Trucking Insurance

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Uber Freight and Commercial Trucking Insurance

In May of 2017, Uber launched one of their newest services Uber Freight. Uber Freight is an exciting, new trucking app that matches vetted drivers with long-haul routes. The app allows drivers or dispatchers to book and confirm routes with the tap of a button. They have the choice to filter the routes they search for by pickup, destination, the offered price, and other factors. Uber Freight is designed to work for carriers of any size. Although, the service is particularly attractive to small fleets and independent owner-operators. In order for trucking fleets and owner-operators to work with Uber Freight they need to have the proper Commercial Trucking Insurance.

 

How Does Uber Freight Work? What are the advantages?

Uber Freight was created with the business model to appeal to smaller fleets and independent truck drivers. Therefore, the app is designed to give more power to operators and solve many problems drivers have with traditional freight brokerage. Before Uber Freight, drivers or Uber Freightoperators would have to make multiple calls to schedule loads. Now the booking process is streamlined. Booking is made simple through the app. As easy as Uber makes it to schedule a car to pick you up on the curb, they make it just as convenient for commercial truck drivers to schedule loads and routes.

Another problem drivers have with traditional methods are delayed payment. The standard for payment is 30 to 60 days, but with Uber Freight drivers can receive payment about seven days after completion. This allows small trucking fleets or owner-operators to continuously operate at full capacity when repairs and other issues arise. A third problem Uber Freight solves is the problem of deadhead miles. Deadhead miles are the number of miles commercial truck drivers drive from the point of unload to the point where their new load is ready to pickup. Uber Freight accounts for this and compensates drivers. Furthermore, the app also features a “Take Me Home”. This setting helps drivers book loads that will take them back home while still earning income.

Uber Freight is still in its beginning years, but with the way they are operating and handling freight brokerage, they are hoping to transform the industry. They are positioning themselves as a drivers first service. They believe that when drivers are empowered and delivery is more efficient all businesses run better. Take a look at the partnership that Uber Freight has with Ocean Spray, and you’ll see how this new service works.

Commercial Trucking Insurance 

As Uber Freight is very much geared towards smaller fleets for the time being, operators need to do all they can to protect their small businesses. We at American Business Insurance Services, Inc. are here to help. Commercial Trucking Insurance or Delivery Insurance is tremendously important to the safety and security of drivers, their freight, and their business. If you are thinking about contracting through Uber Freight, you will have to have the proper insurance coverage. At American Business Insurance Services, Inc. we shop all the currently competitive markets for you. By doing this we can find you the best coverage to fit your specific needs in the commercial trucking industry. 

 

Why You Need Coverage?

American Business Insurance Services, Inc. has identified the Uber Freight business model as one that will likely transform the way the freight delivery industry operates. The seamless Uber Freightadaption of this technology to all types of businesses, that have shipping needs, has allowed for convenience of scheduling, more carrier options for businesses, and expedited delivery.

Our team of licensed brokers are well aware of the coverage you will need as a delivery fleet or owner-operator service. Furthermore, some of the common types of coverage that apply to delivery and commercial trucking businesses are:

  • Auto Liability to protect bodily injury of all parties
  • (Auto)Property Damage to cover damage to property
  • Comprehensive & Collision to protect against most causes of loss to your vehicle(s)
  • Personal Injury or Medical Coverage
  • Cargo Coverage

Contacting American Business Insurance Services, Inc. will guarantee that you are fully covered under a commercial auto policy and allow you to operate your fleet with Uber Freight.

Why American Business Insurance Services, Inc.?

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients that they are at the forefront of our business. Consequently, we strive to make sure we know our clients business thoroughly to create a true partnership. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time and of the highest caliber. Therefore, we use only the best practices in the industry. Through our stringent processes and systems we let you operate your commercial trucking or delivery service with confidence.

In conclusion, the Uber Freight business model could transform the way trucking operates and we understand that. As the business changes we at American Business Insurance Services, Inc. adapt with the change to provide the best types of coverage for clients.

To get a quote for your commercial trucking fleet or delivery service Click Here.

 

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American Business Insurance Services, Inc

PERIOD X™ Fleet Management Software with Insurance Built In

Period X™ Quote

What is Period X™ insurance and how does it work to help you manage your fleet?

American Business Insurance Services, Inc. developed Period X™ for fleet owners or individuals that are renting their cars out on a car sharing platform. This applies to platforms such as Turo, HyreCar or GetAround.  This coverage comes with fleet management software through a web-based dashboard at no extra cost to your policy. This fleet management software comes with tools to ensure your fleet is running at maximum efficiency. When managing your fleet that operates through a Transportation Network Company, the coverage is usually provided to the renter through TNC Provider Insurance. It is important for fleet operators to know that insurance is not supplied through TNC Provider Insurance when the car is not rented out. Of course you want to make sure your car is covered at all times. That’s where our proprietary Period X™ insurance coverage comes into play.

 

 

What a Period X™ Insurance Policy Provides

Our Period X™ Insurance policy provides more than the minimum state limits in
almost all 50 states. A comprehensive insurance product to cover fleets that
are being rented out on Peer to Peer (P2P) rental platforms such as the ones mentioned above. Our product is one of a kind. If you are renting your vehicles out on P2P rental platforms PERSONAL INSURANCE DOES NOT COVER YOU for this type of business model.

fleet management

An insurance policy with fleet management software

We didn’t stop at just putting the Period X™ insurance product together, we did a lot more.  Every Period X™ policy holder receives a proprietary device for each vehicle that they insure. This includes a fleet management web-based dashboard to manage your fleet.  It would be one thing just to have proper coverage that nobody can offer, but below are some of the additional services we provide as part of this coverage:

  • Ability to add/delete vehicles online

  • GPS track each and every car at all times

  • Check billing

  • Access ID cards and so much more fleet management tools

Period X™ is fleet tracking with the insurance built in!

Why we created Period X™ with fleet management software

As usual, the best place to start is always the beginning. To make a long story much shorter, in the beginning there were taxicabs. When taxicabs were the only animal of their kind roaming the earth, life was simple and there was only one period of time. Things were pretty easy. If you needed insurance for a taxicab, you got a taxicab insurance policy that covered that taxi company 24 hours a day, end of story. fleet management software

Then, not too long ago, something called Uber and Lyft came onto the scene.  All of the sudden, things got complicated really fast in the insurance world.  These companies found that if they divided their insurance policy into separate periods of time, and that each period had a coverage limit assigned to it. This made it possible to reduce their exposure (and their insurance premiums) to maximize profits.

Then, we had another new company (HyreCar) facilitating TNC rentals between rideshare drivers that needed cars and vehicle owners who wanted to make money by providing those cars.  The term peer-to-peer rentals was coined.  

A New Problem Arises

Initially, the idea was that personal insurance would cover the party that was renting their vehicle out to the TNC drivers as long as they only had one or two cars. It did not take long for vehicle owners to see that they were netting $700+ a month per car. Seeing such great results, this resulted in the vehicle owners adding more and more cars until they had fleets. Vehicle owners now had 10, 20, or even 30+ cars, which is not covered by personal auto insurance. This issue lead to the need for the Period X™ product to be created since personal insurance doesn’t cover fleets that are primarily used to make money via rental app platforms and especially not TNC rentals.

Napkin math ensued and a new problem emerged: 

“How do I place insurance on my fleet of cars under an LLC or Corp and keep my personal lines insurance pricing?”  

The answer to that question is: Period X™ Insurance!  Our agency was the brains behind this exciting new insurance product. We are now positioned to bring it to the masses! Now, fleet owners who place their inventory on platforms such as; HyreCar, Turo, GetAround & similar peer-to-peer rental platforms have access to a reasonably priced app-based insuranceinsurance product that covers their fleet for only the period of time when the vehicle is not rented out and is being serviced and maintained to ready the car for the next rental.  

There are articles upon articles online in regards to Periods 1,2 & 3 and why they are the way they are. The basic idea is that when a rideshare driver has the rideshare app off, then the rideshare company has no involvement in what that driver does with their car. This results in no insurance for that period of time.  The instant the rideshare app is on and the driver is engaged with it, Period 1, 2 & 3 begins and typically state minimum auto liability limits apply.

fleet management software

 

Breaking down insurance policies divided into separate periods of time:

After the app is turned on and driver is engaged with Period 1, they scan for rides
they’d like to take. The instant the driver accepts a ride, they have entered Period 2. The insurance coverage offered by the rideshare providers increases a bit more to cover incidents that might occur while the driver is on their way to pick up a passenger.

insurance policy

The last (for now) action involved in a typical rideshare exchange is that the driver arrives at the pick-up destination. The instant the passenger(s) get into the driver’s car, Period 3 is activated. 

TNC insurance policy

Period 3 typically involves $1,000,000 of auto liability coverage via the rideshare company insurance policy. This is the riskiest period of time, because any accident occurring during that period fully engages the rideshare provider and all participants involved with that ride.

Period Policies for Commercial Auto Working Together

The “Period 1,2 & 3” policy setup is now the industry standard for app-based transportation companies that offer rides as a service. Now with American Business Insurance Services, Inc. Period X™ insurance coverage, fleet managers are able to go beyond the industry standard. With our Period X™, coverage never slips through the cracks making sure your TNC fleet is protected at all times.

After Uber & Lyft had been around for a couple of years, opportunity-minded people started to notice the great deal of demand for vehicles from drivers who wanted to make money driving for TNC companies, but did not have the means to purchase, lease or finance a vehicle for various reasons.

A few select companies have established a niche in this territory and filled this demand successfully.  These companies didn’t only see this driver need for vehicle inventory in the marketplace. They saw plenty of regular people out there that are not always driving their personal vehicles, or who were interested in purchasing vehicles for the sole reason of renting them out to TNC drivers who needed them. This is an industry that expected to have rapid growth. When creating a TNC company having the proper policy coverage protects your business and livelihood. 

Contact Us For Full Details on Period X™ and our Fleet Tracking Software

We’d love to tell you everything about this program because we’re SO excited about this new product. We can’t just give away all our secrets at once, can we? What we can tell you is that we’re open in most U.S. states, have a full-time I.T. department dedicated to continuously evolving the technology behind this product. Our experienced team of licensed professionals are excited to talk to you about how you can get Period X™ Insurance on your fleet. Give us a call today! Let’s solve your fleet insurance / management problems so you can get back out there and make some money!

Call Today: (800) 980-1950

https://abiweb.com/

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Paratransit Service Insurance in California

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Paratransit Service Insurance in California for Company Fleet of 15+ Vehicles

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws- we want the best care for them. But the thing is people are busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need.

paratransit service

The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

California NEMT and Background

In California, the major hubs are Los Angeles, San Diego, San Jose, and San Francisco. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. 

Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic is horrendous, finding parking is a nightmare, and a whole day could be filled with a doctor’s visit.

This is when paratransit service or NEMT comes into play. There are many paratransit agencies that operate fleets of 15+ vehicles in California that American Business Insurance Services, Inc. works with to provide the best available coverage. Those seeking transportation are able to be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right paratransit fleet insurance is essential in making sure your business and customers are covered in case of an incident. 

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies nationwide creating customized policies to best serve our clients needs.

How to Decide on Paratransit/ NEMT Insurance For Your Company Fleetparatransit service

There are a lot of factors that go into finding the best insurance coverage for your Paratransit Company’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs. 

  • Do your vehicles have lifts or ramps? 
  • Do your vehicles include backup cameras? 
  • Are the majority of your trips for passengers ambulatory or non-ambulatory? 
  • Do you contract with LogistiCare or other providers with strict insurance requirements?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having the proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Paratransit/NEMT Insurance at American Business Insurance Services, Inc.

paratransit service

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients because we want them to know they are at the forefront of our business. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time, and of the highest caliber. In addition, we use only the best practices in the industry through our stringent processes and systems that let you operate your California paratransit service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your Paratransit policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, policy changes can be made online at any time – day or night. This is essential in running a business that also operates 24/7.

We promise to do the leg work for you. We have built strong long term relationships with our carriers of paratransit insurance in order to find you the best policy to match your business needs. Our 35+ years experience in insuring commercial auto fleets makes American Business Insurance quick and efficient in finding the best carrier options.

Get a quote today!

  Top 5 Issues When Choosing Lyft or Uber vs Taxi

Top 5 Issues When Choosing Lyft or Uber vs Taxi

Written by Laura Loftus on Wednesday, December 5th, 2018

lyft or uber vs taxi ridesharing cost and safety

With travel increasing as we approach the holidays, many of us default to using a Lyft or Uber vs Taxi because we are under the impression that it’s faster, cheaper and all around more convenient than taking a taxi. However, I have a different perspective. As a west-coast based insurance broker who has clients all over the country, I tend travel about once every two months or so.

Most recently, I’ve visited San Francisco, New York City, Denver and Las Vegas for work meetings. I have to tell you, there were times where hopping into a cab was not only easier but also less money than their TNC counterparts.

Nowadays, people seem to think taxis are antiquated. But in reality, taxis are the same thing as an Uber or Lyft app, and I honestly feel safer in a cab. Here’s why.

1) Safety

Safety is my top concern when entering into a Lyft or Uber vs Taxi. For one, Uber and Lyft do not limit how long someone must have been licensed to drive for them. Someone could’ve moved to the US a few weeks ago, obtain a Driver’s License and as long as they have access to a qualifying car and pass a MINIMAL background check – they are approved. Nobody trains them, monitors them, or ensures that they are familiar with the area in which they drive.

The city highly regulates taxi drivers. They require taxi drivers to go through numerous EXTENSIVE background checks. Only then does the city in which they operate in allow them to start transporting people. Many cities require taxi and limo drivers to obtain a Hack License or Chauffeurs license. That means they have endured many hours of classroom-style and behind-the-wheel training.

Besides safety concerns regarding the driver, there are concerns around the vehicle. All taxi companies start their days by inspecting vehicles. They are required to get a vehicle inspection yearly to keep their operating permit. Lyft or Uber vs Taxi vehicles are not regulated at all. Once the driver is approved, there isn’t much regulation unless the ride share vehicle is in an accident.

With ride sharing, you are taking a risk as to who you are getting into a vehicle with. You could end up getting into a vehicle of someone with a criminal background who is dangerous. Even more concerning, I have heard of people leasing or renting out their Uber or Lyft accounts. So, for someone who doesn’t qualify themselves, they will find someone who does qualify. They’ll have to go through the approval process and use someone else’s account to work. That freaks me out, a lot.  When comparing Lyft or Uber vs Taxi, this type of situation would not happen. That’s because fleet owners know exactly who they are leasing the cab out too.

2) Insurance

Insurance issues are a huge concern when riding in a Lyft or Uber vs Taxi vehicle (and I’ll admit, I do use ride sharing apps regularly). Despite being an insurance broker who specializes in Public Auto

lyft or uber vs taxi ridesharing cost and safety

Transportation risks (specifically for-hire, livery businesses such as Taxi’s, Limo’s, Non-Emergency Medical Transportation, shuttles, etc), I often hop into a Lyft or Uber vs Taxi because, let’s face it, it’s super easy.  Hop on an app, order a car, and it will arrive in 4-5 minutes. This is especially the case when you’re in a residential or suburban area where cabs aren’t just lined in the street waiting for their next fare. I often think about what would happen if the car I am in was involved in an accident.

I am extremely knowledgeable on the coverages that Uber and Lyft’s insurance policy include and it’s spotty at best. For one, the driver and passenger are only covered if the app is on and the driver is logged in. What if there is a technical issue and the driver is logged out? If their phone dies, what now? What if they’re in an area with poor reception and the driver is disconnected from the app? A passenger could be held responsible for injuries incurred. Additionally, the majority of ride share drivers do not have commercial insurance. Plus, Uber and Lyft require drivers to turn the claim into their personal auto carrier before they’ll accept liability.

Commercial auto insurance is expensive, about 2 – 5 times higher than personal auto and most ride share drivers do not buy it because their profit margin on operating is thin. They pay for the vehicle itself, maintenance of the vehicle, gas and almost every TNC driver who calls for a quote on commercial auto insurance so that they can be properly insured does not buy it because no one is making them. This means the only coverage they have for their vehicle and the passengers is through Uber or Lyft, which all hinges on the driver being logged into the app.

3) Accessibility

lyft or uber vs taxi ridesharing cost and safetyAccessibility and ease of getting a ride from an airport, in my opinion is far greater for a taxi than a ride sharing unit. When deciding on an Lyft or Uber vs Taxi, typically, I exit a plane and walk straight to a taxi to my destination. I don’t have to rely on my signal being strong enough for the app to work. I don’t have to wait for the car to come through traffic or walk to somewhere off the premises to get a ride. In some airports, they don’t allow ride share units to pick up. If they do, you often have to go up a level to the departure area or walk to a far end of the airport. When I get off a plane, I personally prefer to get straight into a car and quickly be on my way.

On my last trip to San Francisco, I saw a sign that said Ride Share pick up and I could see a side walk with several waiting areas. According to my app, Ride Share would be about 75% of the cost of a cab. I looked at the taxi line and it was empty and there was car waiting. For experimental purposes, I sacrificed my usual cab ride for a Lyft ride to see if it was actually faster and cheaper. I logged into my Lyft app and requested a vehicle. Because the airport was busy, it took 5 minutes for a driver to accept my ride plus 15 minutes for them to actually pull up to the curb. The whole time I kept my eye on the taxi line. I watched person after person get into a cab and drive away.

I wanted to cancel my ride as I had a meeting to get to, but I wanted to complete the experiment. When my driver arrived, the car was new and clean. No complaints. But by the time we sat in traffic and crossed the Bay Bridge from Oakland into San Francisco, the price was literally the same as a taxi. And it delayed my arrival by 30 minutes.

4) Pricing

lyft or uber vs taxi ridesharing cost and safety

Pricing for a ride share trip isn’t consistent. Taxi’s are transparent on how much they charge and most have the pricing displayed on the vehicle. During my last trip to Las Vegas, I spoke with a conference attendee. She complained the surge pricing was triple that of a taxi when she wanted dinner on the strip. And the taxi was ready to go right there. I also found this to be true during my last trip to Denver.

I’ve gone two years in a row for three days of Phish. The band is best known for their musical improvisation, extended jams largely influenced by Grateful Dead, Led Zeppelin, and their dedicated fanbase. The first year we went, we tried to order a Lyft. The price was about $150 to literally go 11 miles!

At 7 am in Times Square, I left my hotel.  My return flight home awaited. It was 30 degrees outside with some expected snow. Out of habit, I opened by Lyft app to find a driver 4 minutes away. As I exited the warm hotel lobby to the frigid air of the NYC streets, I saw a cab waiting right there. I waited a few minutes staring at my phone as the Lyft driver slowly creeped through traffic up the block. I asked the driver if he was available to take me to the airport, and he was. So, I cancelled that Lyft ride and walked straight into a fully insured, inspected vehicle with a professional trained driver. It was a flat fee of $55 which was the same price my Lyft app was quoting had I waited for it.

5) Supporting a local business

lyft or uber vs taxi ridesharing cost and safety

Supporting a local business rather than the corporate monopoly is another reason to consider when deciding between a Lyft or Uber vs Taxi. In a world where Google and Amazon dominate, it’s gratifying to support the local population directly. Most cab companies are the result of families passing down their businesses from generation to generation. In today’s world, it feels as if many businesses are struggling because of the monopoly of corporations that are taking over in so many industries.

It’s hard for me to be ok with living in a world where everything is giant corporation. What does that mean for the rest of us? As the world changes and modes of transportation evolve, many feel taxi cabs will one day be extinct. But many taxi companies are revitalizing and evolving their business models to withstand the test of time. They are upping their standards when it comes to the quality of vehicles they buy. Moreover, they are investing in technology to create booking apps so that they can appeal to the smart-phone dependent generation.

 

Although Uber and Lyft may seem like the cheaper and more convenient option, I strongly urge you to think about all of the above issues around big box ride sharing companies. Is it really worth risking your time, your wallet and most importantly your life – all because it feels easier?

 

More about us: American Business Insurance for taxi companies: https://abiweb.com/services/taxicab-insurance/

A Complete Guide to Insuring On Demand Delivery Start-Ups

There is a growing need for On Demand Delivery Start-Ups. Although it may seem easy enough to do, few think of the potential liabilities and insurance coverage they will need to get started. Many of us are still working remotely and might not ever return to the office. We will also continue to turn to the convenience of ordering food and goods through the click of a button.

Nationwide states are opening their doors for business to resume, but the psychological effects of COVID-19 are everlasting. Restaurants and retail stores are ready for in person dining and shopping, but many people are not rushing out of their houses.

People will still want to social distance and refrain from unnecessary trips to the store. Others now prefer the time saving convenience of Instacart, Amazon and DoorDash.

When COVID first hit, Amazon and Instacart could not keep up with the demand. Amazon Prime members were no longer getting 2-day shipping and Instacart deliveries were hard to come by. There were days I would check the app several times throughout the day for a delivery slot just to avoid going to the grocery store.

Moreover, you may have found that contacting your local insurance broker to handle insurance for On Demand Delivery Start-Ups just isn’t working – and we know why!

 

Finding the Right Broker for On Demand Delivery Start-Ups

On Demand Delivery Start-Ups
UberEats was one of a few On Demand Delivery Start-Ups that have grown in popularity since COVID-19.

If you are planning to be the next Postmates or DoorDash, you need to prepare and think about insurance before  launching On Demand Delivery Start-Ups. One of them is finding the right broker.  Not all brokers are created equal. You will need to find someone that has access to more than one carrier writing Hired & Owned if you are planning to utilize a peer to peer model. If you are planning to own a fleet of vehicles, contacting American Business Insurance will allow you to utilize our Period X™ platform for when vehicles are not operating. We are also close to launching a Period 0™ platform for when cars log into the app.

Commercial auto insurance can be expensive, but ABI is able to connect with your IT team to fully integrate with your app. This means you can spend more time running and growing your business. Which in turn, equates to less time handling insurance.

With our CarTeq™ technology, we provide oversight to On Demand Delivery Start-Ups which is essential (no pun intended) to any successful business.

 

Be Prepared for the Insurance Buying Process

Create the app and have it mostly finished before you start shopping for insurance. Underwriters will want to see what your app looks like before quoting. Many will not spend time quoting your account until they know the app or website is close to completion.

Have a business plan and projection. Many carriers want to see a certain level of planning and investment has been done before quoting. They will usually ask for financials and a marketing plan. They want to see a safety manual (we can help you with that!) and feel comfortable that the On Demand Delivery Start-Ups will be able to compete with the Postmates and DoorDashes of the world.

Create a bio or resume for all key officers. Insurance companies like to see where you came from and how you ended up in the ODD (on demand delivery) space.

Understanding the costs. Most insurance companies have minimum annual premiums ranging from $75,000-150,000. Financing options are available but be ready to put at least 20% down. Sometimes, these premiums are minimum regardless if you operate 1 day or a full year.

Shopping around. There is an abundance of personal auto carriers out there. But, there are only a handful of companies offering insurance for On Demand Delivery Start-Ups. American Business Insurance works with them all. So, there is no need to shop around. Who doesn’t love one stop shopping?

 

So Much to Do, So Little Time to Do It

There is a lot to think about when navigating the insurance buying process for On Demand Delivery Start-Ups, but lucky we are here to help! We’ve helped many others with integrating insurance into their business and we are at the forefront of Insurance Technology.

Not sure where to begin? The first step is contacting us for a full business plan review and insurance quotes. From Full Commercial Auto Liability Insurance, Hired & Non-Owned, Workers Compensation, Directors and Officers Coverages as well as Employment Practices Liability Insurance – we are excited to hear what you have cooking and how we can help move On Demand Delivery Start-Ups forward.

 

Written by Laura Loftus who is the Executive Broker/Sales and Marketing Manager at American Business Insurance Services, Inc. She has more than 10 years of experience insuring business in the For-Hire, Livery, Transportation Network Company, On Demand Delivery & Shared Economy industries. Looking for a quote on your business?  Call us Monday – Friday, 8 am to 5 pm pacific: 800-980-1950 or email us anytime!

 

 

 

 

NEMT Insurance in Utah

Looking for NEMT Insurance in Utah?

Are you looking for a professional insurance agency that knows the ins-and-outs of Non-Emergency Medical Transportation, or NEMT Insurance, in Utah? American Business Insurance Services specializes in helping companies find and maintain the best amount of insurance. Our goal is to make sure that your business, employees, and customers are all protected without breaking the bank. We know that unlike standard automobiles, even a fender bender can create circumstances for a large claim due to the potentially fragile passengers being transported.

NEMT Services in UtahAmerican Business Insurance provides professional advice that will help you fully cover your business from all liabilities that could hurt your company. With this consultative-style approach, we are able to recommend the most comprehensive and most cost-effective NEMT insurance for your business. American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Utah as well as nearly every other state in the U.S.

NEMT Insurance in Utah for Company Fleets

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws, we want the best care for them. But sometimes, our lives get a bit hectic and busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need. The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

NEMT Insurance in Utah

Even for those who have loved ones nearby, it’s not always convenient or possible to be available at all hours. Non-emergency medical transportation in Utah can be very advantageous for individuals who are unable to use conventional transportation means. NEMT services in Utah have several benefits. First off, medical transportation services in Utah provide some of the safest transportation options available. Moreover, NEMT services are health-focused – which can be especially important for those with a disability or health condition, as well as the elderly.

non emergency medical transportation vehicle

As a NEMT business owner, this is where your company comes into play. If you are a NEMT agency that operates fleets in Utah, it’s especially important that you have NEMT insurance. American Business Insurance works with agencies to provide the best available coverage. Having the right NEMT insurance in Utah is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies in Utah as well as nationwide, creating customized policies to best serve the client’s needs.

How to Decide on NEMT Insurance for Your Company Fleet

There are a lot of factors that go into finding the best NEMT insurance coverage for your non-emergency medical transportation’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs.

  • Are the majority of your trips for passengers ambulatory or non-ambulatory?
  • Does your company contract with LogistiCare or other providers with strict insurance requirements?
  • Do your vehicles have lifts or ramps?
  • Do your vehicles include backup cameras so your drivers can see whether or not someone in a low wheelchair is behind the vehicle when backing?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life-changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Coverage Requirements for Paratransit and NEMT Companies

It’s crucial to know exactly what’s in your NEMT coverage contract. At American Business Insurance, we examine the contract providers and the requirements that they have. For example, let’s look at LogistiCare.

  • $1,000,000 Combined Single Limit of Auto Liability Coverage
  • Hired & Non-Owned Coverage (Symbols 2,8,9)
  • Loading & Unloading Coverage
  • General Liability Coverage at $1,000,000 per incident $2,000,000 Aggregate
  • Sexual Abuse and Molestation Coverage (limits can vary by location)

There are other requirements in addition to the ones listed above. However, if you are missing any of those items on your insurance policy, LogistiCare will suspend your account. Many large Non-Emergency fleets have a long list of additional interests that have different insurance requirements.

Typically, we will ask for a copy of the provider insurance section of the contract to make absolutely sure that we’ve gotten your coverage written correctly. American Logistics, SoutheastTrans, and other NEMT providers have extremely particular requirements for coverage to protect them. Why is this? One answer: safety.

How Can American Business Insurance Services, Inc. Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Utah off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Instagram, Facebook, LinkedIn.

The Best NEMT Insurance in Texas

For-Hire Livery Insurance

For-hire livery insurance is a type of commercial auto coverage. Businesses use this for vehicles that generate revenue from transporting people. The most common types of for-hire livery insurance include taxi insurance, black car/limousine insurance, non-emergency medical transportation NEMT insurance, and ride share insurance.

What is NEMT and NEMT Insurance?

Non-emergency medical transportation, commonly called NEMT or Paratransit, vehicles are used to transport people who need help traveling to and from appointments for medical treatment. NEMT insurance is a type of livery coverage that protects business vehicles. These vehicles transport patients to medical appointments on a pre-arranged basis. NEMT insurance differs from other forms of livery insurance in a few ways. Unlike taxi services, Medicaid or medical service providers typically compensate NEMT businesses. It’s important to note that EMT vehicles lack the lightbars and sirens commonly found in ambulances and other emergency vehicles. Minivans, passenger vans, and SUVs are among the most common commercial autos for non-emergency medical transportation. 

Your search for a professional insurance agency that knows the ins-and-outs of NEMT insurance is over! American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Texas as well as several other states in the U.S.

NEMT van

Texas NEMT and Background

In Texas, the major hubs are Houston, San Antonio, Dallas, Austin, and Fort Worth. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic can be slow-paced, finding parking can be a burden. Sometimes, a doctor’s visit can take the whole day.

This is when paratransit service or NEMT comes into play. Many NEMT agencies operate fleets in Texas that American Business Insurance works with to provide the best available coverage. Those seeking transportation can be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right NEMT insurance in Texas is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they’ll look into the NEMT company to make sure their loved one is safe and protected. American Business Insurance provides NEMT insurance to companies nationwide. We do so while creating customized policies to best serve our clients’ needs.

How Much Does NEMT Insurance in Texas Cost?

This is typically the first and most frequent question American Business Insurance gets when quoting public auto insurance policy. There’s no sense in wasting time with an agent who can’t get you a better rate than you already have. Depending on where you operate, American Business Insurance can give you an indication based on the premiums of other similar risks in the area. If you own a NEMT business and are looking for NEMT insurance in Texas for your fleet, you’ve come to the right place.

American Business Insurance has a system to research other accounts in your area that have similar coverage limits to you. Therefore, we can usually ball-park based on this data. We’ve had accounts in rural Kentucky, for instance, with annual rates as low as $800 per car. This isn’t a typical rate, but it does happen. Therefore, the best thing to do is provide us with all the information you can. This way, we can shop your application out to all of our carriers. Then we do our thing and get back to you with a firm quote that makes sense for you. We have flexible financing options. Moreover, we will always work with you the best we can to make your coverage as affordable as possible. 

Paratransit/NEMT Insurance in Texas at American Business Insurance Services, Inc.

At American Business Insurance, our goal is to build long-lasting, valued, and trusted relationships. Our mission is to create an understanding of our clients. We want our clients to know they’re at the forefront of our business. American Business Insurance, commits to professional excellence and delivers commitments on time, and of the highest caliber. Also, we use only the best practices in the industry through our stringent processes and systems. These let you run your Texas NEMT service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your NEMT policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, you can make changes to your policy online at any time – day or night. This is essential in running a business that operates 24/7.

We do the leg work for you. We have built strong, long-term relationships with our carriers of NEMT insurance. This way, we can find you the best policy to match your NEMT business needs. We have over 35+ years of experience in insuring commercial auto fleets. This makes American Business Insurance Services, Inc. quick and efficient in finding the best carrier options.

How Can We Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Texas off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Facebook, LinkedIn, and Instagram.

Uber Freight and Commercial Trucking Insurance

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Uber Freight and Commercial Trucking Insurance

In May of 2017, Uber launched one of their newest services Uber Freight. Uber Freight is an exciting, new trucking app that matches vetted drivers with long-haul routes. The app allows drivers or dispatchers to book and confirm routes with the tap of a button. They have the choice to filter the routes they search for by pickup, destination, the offered price, and other factors. Uber Freight is designed to work for carriers of any size. Although, the service is particularly attractive to small fleets and independent owner-operators. In order for trucking fleets and owner-operators to work with Uber Freight they need to have the proper Commercial Trucking Insurance.

 

How Does Uber Freight Work? What are the advantages?

Uber Freight was created with the business model to appeal to smaller fleets and independent truck drivers. Therefore, the app is designed to give more power to operators and solve many problems drivers have with traditional freight brokerage. Before Uber Freight, drivers or Uber Freightoperators would have to make multiple calls to schedule loads. Now the booking process is streamlined. Booking is made simple through the app. As easy as Uber makes it to schedule a car to pick you up on the curb, they make it just as convenient for commercial truck drivers to schedule loads and routes.

Another problem drivers have with traditional methods are delayed payment. The standard for payment is 30 to 60 days, but with Uber Freight drivers can receive payment about seven days after completion. This allows small trucking fleets or owner-operators to continuously operate at full capacity when repairs and other issues arise. A third problem Uber Freight solves is the problem of deadhead miles. Deadhead miles are the number of miles commercial truck drivers drive from the point of unload to the point where their new load is ready to pickup. Uber Freight accounts for this and compensates drivers. Furthermore, the app also features a “Take Me Home”. This setting helps drivers book loads that will take them back home while still earning income.

Uber Freight is still in its beginning years, but with the way they are operating and handling freight brokerage, they are hoping to transform the industry. They are positioning themselves as a drivers first service. They believe that when drivers are empowered and delivery is more efficient all businesses run better. Take a look at the partnership that Uber Freight has with Ocean Spray, and you’ll see how this new service works.

Commercial Trucking Insurance 

As Uber Freight is very much geared towards smaller fleets for the time being, operators need to do all they can to protect their small businesses. We at American Business Insurance Services, Inc. are here to help. Commercial Trucking Insurance or Delivery Insurance is tremendously important to the safety and security of drivers, their freight, and their business. If you are thinking about contracting through Uber Freight, you will have to have the proper insurance coverage. At American Business Insurance Services, Inc. we shop all the currently competitive markets for you. By doing this we can find you the best coverage to fit your specific needs in the commercial trucking industry. 

 

Why You Need Coverage?

American Business Insurance Services, Inc. has identified the Uber Freight business model as one that will likely transform the way the freight delivery industry operates. The seamless Uber Freightadaption of this technology to all types of businesses, that have shipping needs, has allowed for convenience of scheduling, more carrier options for businesses, and expedited delivery.

Our team of licensed brokers are well aware of the coverage you will need as a delivery fleet or owner-operator service. Furthermore, some of the common types of coverage that apply to delivery and commercial trucking businesses are:

  • Auto Liability to protect bodily injury of all parties
  • (Auto)Property Damage to cover damage to property
  • Comprehensive & Collision to protect against most causes of loss to your vehicle(s)
  • Personal Injury or Medical Coverage
  • Cargo Coverage

Contacting American Business Insurance Services, Inc. will guarantee that you are fully covered under a commercial auto policy and allow you to operate your fleet with Uber Freight.

Why American Business Insurance Services, Inc.?

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients that they are at the forefront of our business. Consequently, we strive to make sure we know our clients business thoroughly to create a true partnership. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time and of the highest caliber. Therefore, we use only the best practices in the industry. Through our stringent processes and systems we let you operate your commercial trucking or delivery service with confidence.

In conclusion, the Uber Freight business model could transform the way trucking operates and we understand that. As the business changes we at American Business Insurance Services, Inc. adapt with the change to provide the best types of coverage for clients.

To get a quote for your commercial trucking fleet or delivery service Click Here.

 

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American Business Insurance Services, Inc

PERIOD X™ Fleet Management Software with Insurance Built In

Period X™ Quote

What is Period X™ insurance and how does it work to help you manage your fleet?

American Business Insurance Services, Inc. developed Period X™ for fleet owners or individuals that are renting their cars out on a car sharing platform. This applies to platforms such as Turo, HyreCar or GetAround.  This coverage comes with fleet management software through a web-based dashboard at no extra cost to your policy. This fleet management software comes with tools to ensure your fleet is running at maximum efficiency. When managing your fleet that operates through a Transportation Network Company, the coverage is usually provided to the renter through TNC Provider Insurance. It is important for fleet operators to know that insurance is not supplied through TNC Provider Insurance when the car is not rented out. Of course you want to make sure your car is covered at all times. That’s where our proprietary Period X™ insurance coverage comes into play.

 

 

What a Period X™ Insurance Policy Provides

Our Period X™ Insurance policy provides more than the minimum state limits in
almost all 50 states. A comprehensive insurance product to cover fleets that
are being rented out on Peer to Peer (P2P) rental platforms such as the ones mentioned above. Our product is one of a kind. If you are renting your vehicles out on P2P rental platforms PERSONAL INSURANCE DOES NOT COVER YOU for this type of business model.

fleet management

An insurance policy with fleet management software

We didn’t stop at just putting the Period X™ insurance product together, we did a lot more.  Every Period X™ policy holder receives a proprietary device for each vehicle that they insure. This includes a fleet management web-based dashboard to manage your fleet.  It would be one thing just to have proper coverage that nobody can offer, but below are some of the additional services we provide as part of this coverage:

  • Ability to add/delete vehicles online

  • GPS track each and every car at all times

  • Check billing

  • Access ID cards and so much more fleet management tools

Period X™ is fleet tracking with the insurance built in!

Why we created Period X™ with fleet management software

As usual, the best place to start is always the beginning. To make a long story much shorter, in the beginning there were taxicabs. When taxicabs were the only animal of their kind roaming the earth, life was simple and there was only one period of time. Things were pretty easy. If you needed insurance for a taxicab, you got a taxicab insurance policy that covered that taxi company 24 hours a day, end of story. fleet management software

Then, not too long ago, something called Uber and Lyft came onto the scene.  All of the sudden, things got complicated really fast in the insurance world.  These companies found that if they divided their insurance policy into separate periods of time, and that each period had a coverage limit assigned to it. This made it possible to reduce their exposure (and their insurance premiums) to maximize profits.

Then, we had another new company (HyreCar) facilitating TNC rentals between rideshare drivers that needed cars and vehicle owners who wanted to make money by providing those cars.  The term peer-to-peer rentals was coined.  

A New Problem Arises

Initially, the idea was that personal insurance would cover the party that was renting their vehicle out to the TNC drivers as long as they only had one or two cars. It did not take long for vehicle owners to see that they were netting $700+ a month per car. Seeing such great results, this resulted in the vehicle owners adding more and more cars until they had fleets. Vehicle owners now had 10, 20, or even 30+ cars, which is not covered by personal auto insurance. This issue lead to the need for the Period X™ product to be created since personal insurance doesn’t cover fleets that are primarily used to make money via rental app platforms and especially not TNC rentals.

Napkin math ensued and a new problem emerged: 

“How do I place insurance on my fleet of cars under an LLC or Corp and keep my personal lines insurance pricing?”  

The answer to that question is: Period X™ Insurance!  Our agency was the brains behind this exciting new insurance product. We are now positioned to bring it to the masses! Now, fleet owners who place their inventory on platforms such as; HyreCar, Turo, GetAround & similar peer-to-peer rental platforms have access to a reasonably priced app-based insuranceinsurance product that covers their fleet for only the period of time when the vehicle is not rented out and is being serviced and maintained to ready the car for the next rental.  

There are articles upon articles online in regards to Periods 1,2 & 3 and why they are the way they are. The basic idea is that when a rideshare driver has the rideshare app off, then the rideshare company has no involvement in what that driver does with their car. This results in no insurance for that period of time.  The instant the rideshare app is on and the driver is engaged with it, Period 1, 2 & 3 begins and typically state minimum auto liability limits apply.

fleet management software

 

Breaking down insurance policies divided into separate periods of time:

After the app is turned on and driver is engaged with Period 1, they scan for rides
they’d like to take. The instant the driver accepts a ride, they have entered Period 2. The insurance coverage offered by the rideshare providers increases a bit more to cover incidents that might occur while the driver is on their way to pick up a passenger.

insurance policy

The last (for now) action involved in a typical rideshare exchange is that the driver arrives at the pick-up destination. The instant the passenger(s) get into the driver’s car, Period 3 is activated. 

TNC insurance policy

Period 3 typically involves $1,000,000 of auto liability coverage via the rideshare company insurance policy. This is the riskiest period of time, because any accident occurring during that period fully engages the rideshare provider and all participants involved with that ride.

Period Policies for Commercial Auto Working Together

The “Period 1,2 & 3” policy setup is now the industry standard for app-based transportation companies that offer rides as a service. Now with American Business Insurance Services, Inc. Period X™ insurance coverage, fleet managers are able to go beyond the industry standard. With our Period X™, coverage never slips through the cracks making sure your TNC fleet is protected at all times.

After Uber & Lyft had been around for a couple of years, opportunity-minded people started to notice the great deal of demand for vehicles from drivers who wanted to make money driving for TNC companies, but did not have the means to purchase, lease or finance a vehicle for various reasons.

A few select companies have established a niche in this territory and filled this demand successfully.  These companies didn’t only see this driver need for vehicle inventory in the marketplace. They saw plenty of regular people out there that are not always driving their personal vehicles, or who were interested in purchasing vehicles for the sole reason of renting them out to TNC drivers who needed them. This is an industry that expected to have rapid growth. When creating a TNC company having the proper policy coverage protects your business and livelihood. 

Contact Us For Full Details on Period X™ and our Fleet Tracking Software

We’d love to tell you everything about this program because we’re SO excited about this new product. We can’t just give away all our secrets at once, can we? What we can tell you is that we’re open in most U.S. states, have a full-time I.T. department dedicated to continuously evolving the technology behind this product. Our experienced team of licensed professionals are excited to talk to you about how you can get Period X™ Insurance on your fleet. Give us a call today! Let’s solve your fleet insurance / management problems so you can get back out there and make some money!

Call Today: (800) 980-1950

https://abiweb.com/

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Paratransit Service Insurance in California

GET A NEMT INSURANCE QUOTE TODAY

Paratransit Service Insurance in California for Company Fleet of 15+ Vehicles

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws- we want the best care for them. But the thing is people are busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need.

paratransit service

The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

California NEMT and Background

In California, the major hubs are Los Angeles, San Diego, San Jose, and San Francisco. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. 

Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic is horrendous, finding parking is a nightmare, and a whole day could be filled with a doctor’s visit.

This is when paratransit service or NEMT comes into play. There are many paratransit agencies that operate fleets of 15+ vehicles in California that American Business Insurance Services, Inc. works with to provide the best available coverage. Those seeking transportation are able to be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right paratransit fleet insurance is essential in making sure your business and customers are covered in case of an incident. 

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies nationwide creating customized policies to best serve our clients needs.

How to Decide on Paratransit/ NEMT Insurance For Your Company Fleetparatransit service

There are a lot of factors that go into finding the best insurance coverage for your Paratransit Company’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs. 

  • Do your vehicles have lifts or ramps? 
  • Do your vehicles include backup cameras? 
  • Are the majority of your trips for passengers ambulatory or non-ambulatory? 
  • Do you contract with LogistiCare or other providers with strict insurance requirements?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having the proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Paratransit/NEMT Insurance at American Business Insurance Services, Inc.

paratransit service

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients because we want them to know they are at the forefront of our business. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time, and of the highest caliber. In addition, we use only the best practices in the industry through our stringent processes and systems that let you operate your California paratransit service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your Paratransit policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, policy changes can be made online at any time – day or night. This is essential in running a business that also operates 24/7.

We promise to do the leg work for you. We have built strong long term relationships with our carriers of paratransit insurance in order to find you the best policy to match your business needs. Our 35+ years experience in insuring commercial auto fleets makes American Business Insurance quick and efficient in finding the best carrier options.

Get a quote today!

  Top 5 Issues When Choosing Lyft or Uber vs Taxi

Top 5 Issues When Choosing Lyft or Uber vs Taxi

Written by Laura Loftus on Wednesday, December 5th, 2018

lyft or uber vs taxi ridesharing cost and safety

With travel increasing as we approach the holidays, many of us default to using a Lyft or Uber vs Taxi because we are under the impression that it’s faster, cheaper and all around more convenient than taking a taxi. However, I have a different perspective. As a west-coast based insurance broker who has clients all over the country, I tend travel about once every two months or so.

Most recently, I’ve visited San Francisco, New York City, Denver and Las Vegas for work meetings. I have to tell you, there were times where hopping into a cab was not only easier but also less money than their TNC counterparts.

Nowadays, people seem to think taxis are antiquated. But in reality, taxis are the same thing as an Uber or Lyft app, and I honestly feel safer in a cab. Here’s why.

1) Safety

Safety is my top concern when entering into a Lyft or Uber vs Taxi. For one, Uber and Lyft do not limit how long someone must have been licensed to drive for them. Someone could’ve moved to the US a few weeks ago, obtain a Driver’s License and as long as they have access to a qualifying car and pass a MINIMAL background check – they are approved. Nobody trains them, monitors them, or ensures that they are familiar with the area in which they drive.

The city highly regulates taxi drivers. They require taxi drivers to go through numerous EXTENSIVE background checks. Only then does the city in which they operate in allow them to start transporting people. Many cities require taxi and limo drivers to obtain a Hack License or Chauffeurs license. That means they have endured many hours of classroom-style and behind-the-wheel training.

Besides safety concerns regarding the driver, there are concerns around the vehicle. All taxi companies start their days by inspecting vehicles. They are required to get a vehicle inspection yearly to keep their operating permit. Lyft or Uber vs Taxi vehicles are not regulated at all. Once the driver is approved, there isn’t much regulation unless the ride share vehicle is in an accident.

With ride sharing, you are taking a risk as to who you are getting into a vehicle with. You could end up getting into a vehicle of someone with a criminal background who is dangerous. Even more concerning, I have heard of people leasing or renting out their Uber or Lyft accounts. So, for someone who doesn’t qualify themselves, they will find someone who does qualify. They’ll have to go through the approval process and use someone else’s account to work. That freaks me out, a lot.  When comparing Lyft or Uber vs Taxi, this type of situation would not happen. That’s because fleet owners know exactly who they are leasing the cab out too.

2) Insurance

Insurance issues are a huge concern when riding in a Lyft or Uber vs Taxi vehicle (and I’ll admit, I do use ride sharing apps regularly). Despite being an insurance broker who specializes in Public Auto

lyft or uber vs taxi ridesharing cost and safety

Transportation risks (specifically for-hire, livery businesses such as Taxi’s, Limo’s, Non-Emergency Medical Transportation, shuttles, etc), I often hop into a Lyft or Uber vs Taxi because, let’s face it, it’s super easy.  Hop on an app, order a car, and it will arrive in 4-5 minutes. This is especially the case when you’re in a residential or suburban area where cabs aren’t just lined in the street waiting for their next fare. I often think about what would happen if the car I am in was involved in an accident.

I am extremely knowledgeable on the coverages that Uber and Lyft’s insurance policy include and it’s spotty at best. For one, the driver and passenger are only covered if the app is on and the driver is logged in. What if there is a technical issue and the driver is logged out? If their phone dies, what now? What if they’re in an area with poor reception and the driver is disconnected from the app? A passenger could be held responsible for injuries incurred. Additionally, the majority of ride share drivers do not have commercial insurance. Plus, Uber and Lyft require drivers to turn the claim into their personal auto carrier before they’ll accept liability.

Commercial auto insurance is expensive, about 2 – 5 times higher than personal auto and most ride share drivers do not buy it because their profit margin on operating is thin. They pay for the vehicle itself, maintenance of the vehicle, gas and almost every TNC driver who calls for a quote on commercial auto insurance so that they can be properly insured does not buy it because no one is making them. This means the only coverage they have for their vehicle and the passengers is through Uber or Lyft, which all hinges on the driver being logged into the app.

3) Accessibility

lyft or uber vs taxi ridesharing cost and safetyAccessibility and ease of getting a ride from an airport, in my opinion is far greater for a taxi than a ride sharing unit. When deciding on an Lyft or Uber vs Taxi, typically, I exit a plane and walk straight to a taxi to my destination. I don’t have to rely on my signal being strong enough for the app to work. I don’t have to wait for the car to come through traffic or walk to somewhere off the premises to get a ride. In some airports, they don’t allow ride share units to pick up. If they do, you often have to go up a level to the departure area or walk to a far end of the airport. When I get off a plane, I personally prefer to get straight into a car and quickly be on my way.

On my last trip to San Francisco, I saw a sign that said Ride Share pick up and I could see a side walk with several waiting areas. According to my app, Ride Share would be about 75% of the cost of a cab. I looked at the taxi line and it was empty and there was car waiting. For experimental purposes, I sacrificed my usual cab ride for a Lyft ride to see if it was actually faster and cheaper. I logged into my Lyft app and requested a vehicle. Because the airport was busy, it took 5 minutes for a driver to accept my ride plus 15 minutes for them to actually pull up to the curb. The whole time I kept my eye on the taxi line. I watched person after person get into a cab and drive away.

I wanted to cancel my ride as I had a meeting to get to, but I wanted to complete the experiment. When my driver arrived, the car was new and clean. No complaints. But by the time we sat in traffic and crossed the Bay Bridge from Oakland into San Francisco, the price was literally the same as a taxi. And it delayed my arrival by 30 minutes.

4) Pricing

lyft or uber vs taxi ridesharing cost and safety

Pricing for a ride share trip isn’t consistent. Taxi’s are transparent on how much they charge and most have the pricing displayed on the vehicle. During my last trip to Las Vegas, I spoke with a conference attendee. She complained the surge pricing was triple that of a taxi when she wanted dinner on the strip. And the taxi was ready to go right there. I also found this to be true during my last trip to Denver.

I’ve gone two years in a row for three days of Phish. The band is best known for their musical improvisation, extended jams largely influenced by Grateful Dead, Led Zeppelin, and their dedicated fanbase. The first year we went, we tried to order a Lyft. The price was about $150 to literally go 11 miles!

At 7 am in Times Square, I left my hotel.  My return flight home awaited. It was 30 degrees outside with some expected snow. Out of habit, I opened by Lyft app to find a driver 4 minutes away. As I exited the warm hotel lobby to the frigid air of the NYC streets, I saw a cab waiting right there. I waited a few minutes staring at my phone as the Lyft driver slowly creeped through traffic up the block. I asked the driver if he was available to take me to the airport, and he was. So, I cancelled that Lyft ride and walked straight into a fully insured, inspected vehicle with a professional trained driver. It was a flat fee of $55 which was the same price my Lyft app was quoting had I waited for it.

5) Supporting a local business

lyft or uber vs taxi ridesharing cost and safety

Supporting a local business rather than the corporate monopoly is another reason to consider when deciding between a Lyft or Uber vs Taxi. In a world where Google and Amazon dominate, it’s gratifying to support the local population directly. Most cab companies are the result of families passing down their businesses from generation to generation. In today’s world, it feels as if many businesses are struggling because of the monopoly of corporations that are taking over in so many industries.

It’s hard for me to be ok with living in a world where everything is giant corporation. What does that mean for the rest of us? As the world changes and modes of transportation evolve, many feel taxi cabs will one day be extinct. But many taxi companies are revitalizing and evolving their business models to withstand the test of time. They are upping their standards when it comes to the quality of vehicles they buy. Moreover, they are investing in technology to create booking apps so that they can appeal to the smart-phone dependent generation.

 

Although Uber and Lyft may seem like the cheaper and more convenient option, I strongly urge you to think about all of the above issues around big box ride sharing companies. Is it really worth risking your time, your wallet and most importantly your life – all because it feels easier?

 

More about us: American Business Insurance for taxi companies: https://abiweb.com/services/taxicab-insurance/

A Complete Guide to Insuring On Demand Delivery Start-Ups

There is a growing need for On Demand Delivery Start-Ups. Although it may seem easy enough to do, few think of the potential liabilities and insurance coverage they will need to get started. Many of us are still working remotely and might not ever return to the office. We will also continue to turn to the convenience of ordering food and goods through the click of a button.

Nationwide states are opening their doors for business to resume, but the psychological effects of COVID-19 are everlasting. Restaurants and retail stores are ready for in person dining and shopping, but many people are not rushing out of their houses.

People will still want to social distance and refrain from unnecessary trips to the store. Others now prefer the time saving convenience of Instacart, Amazon and DoorDash.

When COVID first hit, Amazon and Instacart could not keep up with the demand. Amazon Prime members were no longer getting 2-day shipping and Instacart deliveries were hard to come by. There were days I would check the app several times throughout the day for a delivery slot just to avoid going to the grocery store.

Moreover, you may have found that contacting your local insurance broker to handle insurance for On Demand Delivery Start-Ups just isn’t working – and we know why!

 

Finding the Right Broker for On Demand Delivery Start-Ups

On Demand Delivery Start-Ups
UberEats was one of a few On Demand Delivery Start-Ups that have grown in popularity since COVID-19.

If you are planning to be the next Postmates or DoorDash, you need to prepare and think about insurance before  launching On Demand Delivery Start-Ups. One of them is finding the right broker.  Not all brokers are created equal. You will need to find someone that has access to more than one carrier writing Hired & Owned if you are planning to utilize a peer to peer model. If you are planning to own a fleet of vehicles, contacting American Business Insurance will allow you to utilize our Period X™ platform for when vehicles are not operating. We are also close to launching a Period 0™ platform for when cars log into the app.

Commercial auto insurance can be expensive, but ABI is able to connect with your IT team to fully integrate with your app. This means you can spend more time running and growing your business. Which in turn, equates to less time handling insurance.

With our CarTeq™ technology, we provide oversight to On Demand Delivery Start-Ups which is essential (no pun intended) to any successful business.

 

Be Prepared for the Insurance Buying Process

Create the app and have it mostly finished before you start shopping for insurance. Underwriters will want to see what your app looks like before quoting. Many will not spend time quoting your account until they know the app or website is close to completion.

Have a business plan and projection. Many carriers want to see a certain level of planning and investment has been done before quoting. They will usually ask for financials and a marketing plan. They want to see a safety manual (we can help you with that!) and feel comfortable that the On Demand Delivery Start-Ups will be able to compete with the Postmates and DoorDashes of the world.

Create a bio or resume for all key officers. Insurance companies like to see where you came from and how you ended up in the ODD (on demand delivery) space.

Understanding the costs. Most insurance companies have minimum annual premiums ranging from $75,000-150,000. Financing options are available but be ready to put at least 20% down. Sometimes, these premiums are minimum regardless if you operate 1 day or a full year.

Shopping around. There is an abundance of personal auto carriers out there. But, there are only a handful of companies offering insurance for On Demand Delivery Start-Ups. American Business Insurance works with them all. So, there is no need to shop around. Who doesn’t love one stop shopping?

 

So Much to Do, So Little Time to Do It

There is a lot to think about when navigating the insurance buying process for On Demand Delivery Start-Ups, but lucky we are here to help! We’ve helped many others with integrating insurance into their business and we are at the forefront of Insurance Technology.

Not sure where to begin? The first step is contacting us for a full business plan review and insurance quotes. From Full Commercial Auto Liability Insurance, Hired & Non-Owned, Workers Compensation, Directors and Officers Coverages as well as Employment Practices Liability Insurance – we are excited to hear what you have cooking and how we can help move On Demand Delivery Start-Ups forward.

 

Written by Laura Loftus who is the Executive Broker/Sales and Marketing Manager at American Business Insurance Services, Inc. She has more than 10 years of experience insuring business in the For-Hire, Livery, Transportation Network Company, On Demand Delivery & Shared Economy industries. Looking for a quote on your business?  Call us Monday – Friday, 8 am to 5 pm pacific: 800-980-1950 or email us anytime!

 

 

 

 

NEMT Insurance in Utah

Looking for NEMT Insurance in Utah?

Are you looking for a professional insurance agency that knows the ins-and-outs of Non-Emergency Medical Transportation, or NEMT Insurance, in Utah? American Business Insurance Services specializes in helping companies find and maintain the best amount of insurance. Our goal is to make sure that your business, employees, and customers are all protected without breaking the bank. We know that unlike standard automobiles, even a fender bender can create circumstances for a large claim due to the potentially fragile passengers being transported.

NEMT Services in UtahAmerican Business Insurance provides professional advice that will help you fully cover your business from all liabilities that could hurt your company. With this consultative-style approach, we are able to recommend the most comprehensive and most cost-effective NEMT insurance for your business. American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Utah as well as nearly every other state in the U.S.

NEMT Insurance in Utah for Company Fleets

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws, we want the best care for them. But sometimes, our lives get a bit hectic and busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need. The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

NEMT Insurance in Utah

Even for those who have loved ones nearby, it’s not always convenient or possible to be available at all hours. Non-emergency medical transportation in Utah can be very advantageous for individuals who are unable to use conventional transportation means. NEMT services in Utah have several benefits. First off, medical transportation services in Utah provide some of the safest transportation options available. Moreover, NEMT services are health-focused – which can be especially important for those with a disability or health condition, as well as the elderly.

non emergency medical transportation vehicle

As a NEMT business owner, this is where your company comes into play. If you are a NEMT agency that operates fleets in Utah, it’s especially important that you have NEMT insurance. American Business Insurance works with agencies to provide the best available coverage. Having the right NEMT insurance in Utah is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies in Utah as well as nationwide, creating customized policies to best serve the client’s needs.

How to Decide on NEMT Insurance for Your Company Fleet

There are a lot of factors that go into finding the best NEMT insurance coverage for your non-emergency medical transportation’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs.

  • Are the majority of your trips for passengers ambulatory or non-ambulatory?
  • Does your company contract with LogistiCare or other providers with strict insurance requirements?
  • Do your vehicles have lifts or ramps?
  • Do your vehicles include backup cameras so your drivers can see whether or not someone in a low wheelchair is behind the vehicle when backing?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life-changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Coverage Requirements for Paratransit and NEMT Companies

It’s crucial to know exactly what’s in your NEMT coverage contract. At American Business Insurance, we examine the contract providers and the requirements that they have. For example, let’s look at LogistiCare.

  • $1,000,000 Combined Single Limit of Auto Liability Coverage
  • Hired & Non-Owned Coverage (Symbols 2,8,9)
  • Loading & Unloading Coverage
  • General Liability Coverage at $1,000,000 per incident $2,000,000 Aggregate
  • Sexual Abuse and Molestation Coverage (limits can vary by location)

There are other requirements in addition to the ones listed above. However, if you are missing any of those items on your insurance policy, LogistiCare will suspend your account. Many large Non-Emergency fleets have a long list of additional interests that have different insurance requirements.

Typically, we will ask for a copy of the provider insurance section of the contract to make absolutely sure that we’ve gotten your coverage written correctly. American Logistics, SoutheastTrans, and other NEMT providers have extremely particular requirements for coverage to protect them. Why is this? One answer: safety.

How Can American Business Insurance Services, Inc. Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Utah off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Instagram, Facebook, LinkedIn.

The Best NEMT Insurance in Texas

For-Hire Livery Insurance

For-hire livery insurance is a type of commercial auto coverage. Businesses use this for vehicles that generate revenue from transporting people. The most common types of for-hire livery insurance include taxi insurance, black car/limousine insurance, non-emergency medical transportation NEMT insurance, and ride share insurance.

What is NEMT and NEMT Insurance?

Non-emergency medical transportation, commonly called NEMT or Paratransit, vehicles are used to transport people who need help traveling to and from appointments for medical treatment. NEMT insurance is a type of livery coverage that protects business vehicles. These vehicles transport patients to medical appointments on a pre-arranged basis. NEMT insurance differs from other forms of livery insurance in a few ways. Unlike taxi services, Medicaid or medical service providers typically compensate NEMT businesses. It’s important to note that EMT vehicles lack the lightbars and sirens commonly found in ambulances and other emergency vehicles. Minivans, passenger vans, and SUVs are among the most common commercial autos for non-emergency medical transportation. 

Your search for a professional insurance agency that knows the ins-and-outs of NEMT insurance is over! American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Texas as well as several other states in the U.S.

NEMT van

Texas NEMT and Background

In Texas, the major hubs are Houston, San Antonio, Dallas, Austin, and Fort Worth. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic can be slow-paced, finding parking can be a burden. Sometimes, a doctor’s visit can take the whole day.

This is when paratransit service or NEMT comes into play. Many NEMT agencies operate fleets in Texas that American Business Insurance works with to provide the best available coverage. Those seeking transportation can be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right NEMT insurance in Texas is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they’ll look into the NEMT company to make sure their loved one is safe and protected. American Business Insurance provides NEMT insurance to companies nationwide. We do so while creating customized policies to best serve our clients’ needs.

How Much Does NEMT Insurance in Texas Cost?

This is typically the first and most frequent question American Business Insurance gets when quoting public auto insurance policy. There’s no sense in wasting time with an agent who can’t get you a better rate than you already have. Depending on where you operate, American Business Insurance can give you an indication based on the premiums of other similar risks in the area. If you own a NEMT business and are looking for NEMT insurance in Texas for your fleet, you’ve come to the right place.

American Business Insurance has a system to research other accounts in your area that have similar coverage limits to you. Therefore, we can usually ball-park based on this data. We’ve had accounts in rural Kentucky, for instance, with annual rates as low as $800 per car. This isn’t a typical rate, but it does happen. Therefore, the best thing to do is provide us with all the information you can. This way, we can shop your application out to all of our carriers. Then we do our thing and get back to you with a firm quote that makes sense for you. We have flexible financing options. Moreover, we will always work with you the best we can to make your coverage as affordable as possible. 

Paratransit/NEMT Insurance in Texas at American Business Insurance Services, Inc.

At American Business Insurance, our goal is to build long-lasting, valued, and trusted relationships. Our mission is to create an understanding of our clients. We want our clients to know they’re at the forefront of our business. American Business Insurance, commits to professional excellence and delivers commitments on time, and of the highest caliber. Also, we use only the best practices in the industry through our stringent processes and systems. These let you run your Texas NEMT service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your NEMT policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, you can make changes to your policy online at any time – day or night. This is essential in running a business that operates 24/7.

We do the leg work for you. We have built strong, long-term relationships with our carriers of NEMT insurance. This way, we can find you the best policy to match your NEMT business needs. We have over 35+ years of experience in insuring commercial auto fleets. This makes American Business Insurance Services, Inc. quick and efficient in finding the best carrier options.

How Can We Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Texas off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Facebook, LinkedIn, and Instagram.

Uber Freight and Commercial Trucking Insurance

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Uber Freight and Commercial Trucking Insurance

In May of 2017, Uber launched one of their newest services Uber Freight. Uber Freight is an exciting, new trucking app that matches vetted drivers with long-haul routes. The app allows drivers or dispatchers to book and confirm routes with the tap of a button. They have the choice to filter the routes they search for by pickup, destination, the offered price, and other factors. Uber Freight is designed to work for carriers of any size. Although, the service is particularly attractive to small fleets and independent owner-operators. In order for trucking fleets and owner-operators to work with Uber Freight they need to have the proper Commercial Trucking Insurance.

 

How Does Uber Freight Work? What are the advantages?

Uber Freight was created with the business model to appeal to smaller fleets and independent truck drivers. Therefore, the app is designed to give more power to operators and solve many problems drivers have with traditional freight brokerage. Before Uber Freight, drivers or Uber Freightoperators would have to make multiple calls to schedule loads. Now the booking process is streamlined. Booking is made simple through the app. As easy as Uber makes it to schedule a car to pick you up on the curb, they make it just as convenient for commercial truck drivers to schedule loads and routes.

Another problem drivers have with traditional methods are delayed payment. The standard for payment is 30 to 60 days, but with Uber Freight drivers can receive payment about seven days after completion. This allows small trucking fleets or owner-operators to continuously operate at full capacity when repairs and other issues arise. A third problem Uber Freight solves is the problem of deadhead miles. Deadhead miles are the number of miles commercial truck drivers drive from the point of unload to the point where their new load is ready to pickup. Uber Freight accounts for this and compensates drivers. Furthermore, the app also features a “Take Me Home”. This setting helps drivers book loads that will take them back home while still earning income.

Uber Freight is still in its beginning years, but with the way they are operating and handling freight brokerage, they are hoping to transform the industry. They are positioning themselves as a drivers first service. They believe that when drivers are empowered and delivery is more efficient all businesses run better. Take a look at the partnership that Uber Freight has with Ocean Spray, and you’ll see how this new service works.

Commercial Trucking Insurance 

As Uber Freight is very much geared towards smaller fleets for the time being, operators need to do all they can to protect their small businesses. We at American Business Insurance Services, Inc. are here to help. Commercial Trucking Insurance or Delivery Insurance is tremendously important to the safety and security of drivers, their freight, and their business. If you are thinking about contracting through Uber Freight, you will have to have the proper insurance coverage. At American Business Insurance Services, Inc. we shop all the currently competitive markets for you. By doing this we can find you the best coverage to fit your specific needs in the commercial trucking industry. 

 

Why You Need Coverage?

American Business Insurance Services, Inc. has identified the Uber Freight business model as one that will likely transform the way the freight delivery industry operates. The seamless Uber Freightadaption of this technology to all types of businesses, that have shipping needs, has allowed for convenience of scheduling, more carrier options for businesses, and expedited delivery.

Our team of licensed brokers are well aware of the coverage you will need as a delivery fleet or owner-operator service. Furthermore, some of the common types of coverage that apply to delivery and commercial trucking businesses are:

  • Auto Liability to protect bodily injury of all parties
  • (Auto)Property Damage to cover damage to property
  • Comprehensive & Collision to protect against most causes of loss to your vehicle(s)
  • Personal Injury or Medical Coverage
  • Cargo Coverage

Contacting American Business Insurance Services, Inc. will guarantee that you are fully covered under a commercial auto policy and allow you to operate your fleet with Uber Freight.

Why American Business Insurance Services, Inc.?

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients that they are at the forefront of our business. Consequently, we strive to make sure we know our clients business thoroughly to create a true partnership. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time and of the highest caliber. Therefore, we use only the best practices in the industry. Through our stringent processes and systems we let you operate your commercial trucking or delivery service with confidence.

In conclusion, the Uber Freight business model could transform the way trucking operates and we understand that. As the business changes we at American Business Insurance Services, Inc. adapt with the change to provide the best types of coverage for clients.

To get a quote for your commercial trucking fleet or delivery service Click Here.

 

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American Business Insurance Services, Inc

PERIOD X™ Fleet Management Software with Insurance Built In

Period X™ Quote

What is Period X™ insurance and how does it work to help you manage your fleet?

American Business Insurance Services, Inc. developed Period X™ for fleet owners or individuals that are renting their cars out on a car sharing platform. This applies to platforms such as Turo, HyreCar or GetAround.  This coverage comes with fleet management software through a web-based dashboard at no extra cost to your policy. This fleet management software comes with tools to ensure your fleet is running at maximum efficiency. When managing your fleet that operates through a Transportation Network Company, the coverage is usually provided to the renter through TNC Provider Insurance. It is important for fleet operators to know that insurance is not supplied through TNC Provider Insurance when the car is not rented out. Of course you want to make sure your car is covered at all times. That’s where our proprietary Period X™ insurance coverage comes into play.

 

 

What a Period X™ Insurance Policy Provides

Our Period X™ Insurance policy provides more than the minimum state limits in
almost all 50 states. A comprehensive insurance product to cover fleets that
are being rented out on Peer to Peer (P2P) rental platforms such as the ones mentioned above. Our product is one of a kind. If you are renting your vehicles out on P2P rental platforms PERSONAL INSURANCE DOES NOT COVER YOU for this type of business model.

fleet management

An insurance policy with fleet management software

We didn’t stop at just putting the Period X™ insurance product together, we did a lot more.  Every Period X™ policy holder receives a proprietary device for each vehicle that they insure. This includes a fleet management web-based dashboard to manage your fleet.  It would be one thing just to have proper coverage that nobody can offer, but below are some of the additional services we provide as part of this coverage:

  • Ability to add/delete vehicles online

  • GPS track each and every car at all times

  • Check billing

  • Access ID cards and so much more fleet management tools

Period X™ is fleet tracking with the insurance built in!

Why we created Period X™ with fleet management software

As usual, the best place to start is always the beginning. To make a long story much shorter, in the beginning there were taxicabs. When taxicabs were the only animal of their kind roaming the earth, life was simple and there was only one period of time. Things were pretty easy. If you needed insurance for a taxicab, you got a taxicab insurance policy that covered that taxi company 24 hours a day, end of story. fleet management software

Then, not too long ago, something called Uber and Lyft came onto the scene.  All of the sudden, things got complicated really fast in the insurance world.  These companies found that if they divided their insurance policy into separate periods of time, and that each period had a coverage limit assigned to it. This made it possible to reduce their exposure (and their insurance premiums) to maximize profits.

Then, we had another new company (HyreCar) facilitating TNC rentals between rideshare drivers that needed cars and vehicle owners who wanted to make money by providing those cars.  The term peer-to-peer rentals was coined.  

A New Problem Arises

Initially, the idea was that personal insurance would cover the party that was renting their vehicle out to the TNC drivers as long as they only had one or two cars. It did not take long for vehicle owners to see that they were netting $700+ a month per car. Seeing such great results, this resulted in the vehicle owners adding more and more cars until they had fleets. Vehicle owners now had 10, 20, or even 30+ cars, which is not covered by personal auto insurance. This issue lead to the need for the Period X™ product to be created since personal insurance doesn’t cover fleets that are primarily used to make money via rental app platforms and especially not TNC rentals.

Napkin math ensued and a new problem emerged: 

“How do I place insurance on my fleet of cars under an LLC or Corp and keep my personal lines insurance pricing?”  

The answer to that question is: Period X™ Insurance!  Our agency was the brains behind this exciting new insurance product. We are now positioned to bring it to the masses! Now, fleet owners who place their inventory on platforms such as; HyreCar, Turo, GetAround & similar peer-to-peer rental platforms have access to a reasonably priced app-based insuranceinsurance product that covers their fleet for only the period of time when the vehicle is not rented out and is being serviced and maintained to ready the car for the next rental.  

There are articles upon articles online in regards to Periods 1,2 & 3 and why they are the way they are. The basic idea is that when a rideshare driver has the rideshare app off, then the rideshare company has no involvement in what that driver does with their car. This results in no insurance for that period of time.  The instant the rideshare app is on and the driver is engaged with it, Period 1, 2 & 3 begins and typically state minimum auto liability limits apply.

fleet management software

 

Breaking down insurance policies divided into separate periods of time:

After the app is turned on and driver is engaged with Period 1, they scan for rides
they’d like to take. The instant the driver accepts a ride, they have entered Period 2. The insurance coverage offered by the rideshare providers increases a bit more to cover incidents that might occur while the driver is on their way to pick up a passenger.

insurance policy

The last (for now) action involved in a typical rideshare exchange is that the driver arrives at the pick-up destination. The instant the passenger(s) get into the driver’s car, Period 3 is activated. 

TNC insurance policy

Period 3 typically involves $1,000,000 of auto liability coverage via the rideshare company insurance policy. This is the riskiest period of time, because any accident occurring during that period fully engages the rideshare provider and all participants involved with that ride.

Period Policies for Commercial Auto Working Together

The “Period 1,2 & 3” policy setup is now the industry standard for app-based transportation companies that offer rides as a service. Now with American Business Insurance Services, Inc. Period X™ insurance coverage, fleet managers are able to go beyond the industry standard. With our Period X™, coverage never slips through the cracks making sure your TNC fleet is protected at all times.

After Uber & Lyft had been around for a couple of years, opportunity-minded people started to notice the great deal of demand for vehicles from drivers who wanted to make money driving for TNC companies, but did not have the means to purchase, lease or finance a vehicle for various reasons.

A few select companies have established a niche in this territory and filled this demand successfully.  These companies didn’t only see this driver need for vehicle inventory in the marketplace. They saw plenty of regular people out there that are not always driving their personal vehicles, or who were interested in purchasing vehicles for the sole reason of renting them out to TNC drivers who needed them. This is an industry that expected to have rapid growth. When creating a TNC company having the proper policy coverage protects your business and livelihood. 

Contact Us For Full Details on Period X™ and our Fleet Tracking Software

We’d love to tell you everything about this program because we’re SO excited about this new product. We can’t just give away all our secrets at once, can we? What we can tell you is that we’re open in most U.S. states, have a full-time I.T. department dedicated to continuously evolving the technology behind this product. Our experienced team of licensed professionals are excited to talk to you about how you can get Period X™ Insurance on your fleet. Give us a call today! Let’s solve your fleet insurance / management problems so you can get back out there and make some money!

Call Today: (800) 980-1950

https://abiweb.com/

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Paratransit Service Insurance in California

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Paratransit Service Insurance in California for Company Fleet of 15+ Vehicles

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws- we want the best care for them. But the thing is people are busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need.

paratransit service

The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

California NEMT and Background

In California, the major hubs are Los Angeles, San Diego, San Jose, and San Francisco. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. 

Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic is horrendous, finding parking is a nightmare, and a whole day could be filled with a doctor’s visit.

This is when paratransit service or NEMT comes into play. There are many paratransit agencies that operate fleets of 15+ vehicles in California that American Business Insurance Services, Inc. works with to provide the best available coverage. Those seeking transportation are able to be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right paratransit fleet insurance is essential in making sure your business and customers are covered in case of an incident. 

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies nationwide creating customized policies to best serve our clients needs.

How to Decide on Paratransit/ NEMT Insurance For Your Company Fleetparatransit service

There are a lot of factors that go into finding the best insurance coverage for your Paratransit Company’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs. 

  • Do your vehicles have lifts or ramps? 
  • Do your vehicles include backup cameras? 
  • Are the majority of your trips for passengers ambulatory or non-ambulatory? 
  • Do you contract with LogistiCare or other providers with strict insurance requirements?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having the proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Paratransit/NEMT Insurance at American Business Insurance Services, Inc.

paratransit service

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients because we want them to know they are at the forefront of our business. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time, and of the highest caliber. In addition, we use only the best practices in the industry through our stringent processes and systems that let you operate your California paratransit service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your Paratransit policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, policy changes can be made online at any time – day or night. This is essential in running a business that also operates 24/7.

We promise to do the leg work for you. We have built strong long term relationships with our carriers of paratransit insurance in order to find you the best policy to match your business needs. Our 35+ years experience in insuring commercial auto fleets makes American Business Insurance quick and efficient in finding the best carrier options.

Get a quote today!

  Top 5 Issues When Choosing Lyft or Uber vs Taxi

Top 5 Issues When Choosing Lyft or Uber vs Taxi

Written by Laura Loftus on Wednesday, December 5th, 2018

lyft or uber vs taxi ridesharing cost and safety

With travel increasing as we approach the holidays, many of us default to using a Lyft or Uber vs Taxi because we are under the impression that it’s faster, cheaper and all around more convenient than taking a taxi. However, I have a different perspective. As a west-coast based insurance broker who has clients all over the country, I tend travel about once every two months or so.

Most recently, I’ve visited San Francisco, New York City, Denver and Las Vegas for work meetings. I have to tell you, there were times where hopping into a cab was not only easier but also less money than their TNC counterparts.

Nowadays, people seem to think taxis are antiquated. But in reality, taxis are the same thing as an Uber or Lyft app, and I honestly feel safer in a cab. Here’s why.

1) Safety

Safety is my top concern when entering into a Lyft or Uber vs Taxi. For one, Uber and Lyft do not limit how long someone must have been licensed to drive for them. Someone could’ve moved to the US a few weeks ago, obtain a Driver’s License and as long as they have access to a qualifying car and pass a MINIMAL background check – they are approved. Nobody trains them, monitors them, or ensures that they are familiar with the area in which they drive.

The city highly regulates taxi drivers. They require taxi drivers to go through numerous EXTENSIVE background checks. Only then does the city in which they operate in allow them to start transporting people. Many cities require taxi and limo drivers to obtain a Hack License or Chauffeurs license. That means they have endured many hours of classroom-style and behind-the-wheel training.

Besides safety concerns regarding the driver, there are concerns around the vehicle. All taxi companies start their days by inspecting vehicles. They are required to get a vehicle inspection yearly to keep their operating permit. Lyft or Uber vs Taxi vehicles are not regulated at all. Once the driver is approved, there isn’t much regulation unless the ride share vehicle is in an accident.

With ride sharing, you are taking a risk as to who you are getting into a vehicle with. You could end up getting into a vehicle of someone with a criminal background who is dangerous. Even more concerning, I have heard of people leasing or renting out their Uber or Lyft accounts. So, for someone who doesn’t qualify themselves, they will find someone who does qualify. They’ll have to go through the approval process and use someone else’s account to work. That freaks me out, a lot.  When comparing Lyft or Uber vs Taxi, this type of situation would not happen. That’s because fleet owners know exactly who they are leasing the cab out too.

2) Insurance

Insurance issues are a huge concern when riding in a Lyft or Uber vs Taxi vehicle (and I’ll admit, I do use ride sharing apps regularly). Despite being an insurance broker who specializes in Public Auto

lyft or uber vs taxi ridesharing cost and safety

Transportation risks (specifically for-hire, livery businesses such as Taxi’s, Limo’s, Non-Emergency Medical Transportation, shuttles, etc), I often hop into a Lyft or Uber vs Taxi because, let’s face it, it’s super easy.  Hop on an app, order a car, and it will arrive in 4-5 minutes. This is especially the case when you’re in a residential or suburban area where cabs aren’t just lined in the street waiting for their next fare. I often think about what would happen if the car I am in was involved in an accident.

I am extremely knowledgeable on the coverages that Uber and Lyft’s insurance policy include and it’s spotty at best. For one, the driver and passenger are only covered if the app is on and the driver is logged in. What if there is a technical issue and the driver is logged out? If their phone dies, what now? What if they’re in an area with poor reception and the driver is disconnected from the app? A passenger could be held responsible for injuries incurred. Additionally, the majority of ride share drivers do not have commercial insurance. Plus, Uber and Lyft require drivers to turn the claim into their personal auto carrier before they’ll accept liability.

Commercial auto insurance is expensive, about 2 – 5 times higher than personal auto and most ride share drivers do not buy it because their profit margin on operating is thin. They pay for the vehicle itself, maintenance of the vehicle, gas and almost every TNC driver who calls for a quote on commercial auto insurance so that they can be properly insured does not buy it because no one is making them. This means the only coverage they have for their vehicle and the passengers is through Uber or Lyft, which all hinges on the driver being logged into the app.

3) Accessibility

lyft or uber vs taxi ridesharing cost and safetyAccessibility and ease of getting a ride from an airport, in my opinion is far greater for a taxi than a ride sharing unit. When deciding on an Lyft or Uber vs Taxi, typically, I exit a plane and walk straight to a taxi to my destination. I don’t have to rely on my signal being strong enough for the app to work. I don’t have to wait for the car to come through traffic or walk to somewhere off the premises to get a ride. In some airports, they don’t allow ride share units to pick up. If they do, you often have to go up a level to the departure area or walk to a far end of the airport. When I get off a plane, I personally prefer to get straight into a car and quickly be on my way.

On my last trip to San Francisco, I saw a sign that said Ride Share pick up and I could see a side walk with several waiting areas. According to my app, Ride Share would be about 75% of the cost of a cab. I looked at the taxi line and it was empty and there was car waiting. For experimental purposes, I sacrificed my usual cab ride for a Lyft ride to see if it was actually faster and cheaper. I logged into my Lyft app and requested a vehicle. Because the airport was busy, it took 5 minutes for a driver to accept my ride plus 15 minutes for them to actually pull up to the curb. The whole time I kept my eye on the taxi line. I watched person after person get into a cab and drive away.

I wanted to cancel my ride as I had a meeting to get to, but I wanted to complete the experiment. When my driver arrived, the car was new and clean. No complaints. But by the time we sat in traffic and crossed the Bay Bridge from Oakland into San Francisco, the price was literally the same as a taxi. And it delayed my arrival by 30 minutes.

4) Pricing

lyft or uber vs taxi ridesharing cost and safety

Pricing for a ride share trip isn’t consistent. Taxi’s are transparent on how much they charge and most have the pricing displayed on the vehicle. During my last trip to Las Vegas, I spoke with a conference attendee. She complained the surge pricing was triple that of a taxi when she wanted dinner on the strip. And the taxi was ready to go right there. I also found this to be true during my last trip to Denver.

I’ve gone two years in a row for three days of Phish. The band is best known for their musical improvisation, extended jams largely influenced by Grateful Dead, Led Zeppelin, and their dedicated fanbase. The first year we went, we tried to order a Lyft. The price was about $150 to literally go 11 miles!

At 7 am in Times Square, I left my hotel.  My return flight home awaited. It was 30 degrees outside with some expected snow. Out of habit, I opened by Lyft app to find a driver 4 minutes away. As I exited the warm hotel lobby to the frigid air of the NYC streets, I saw a cab waiting right there. I waited a few minutes staring at my phone as the Lyft driver slowly creeped through traffic up the block. I asked the driver if he was available to take me to the airport, and he was. So, I cancelled that Lyft ride and walked straight into a fully insured, inspected vehicle with a professional trained driver. It was a flat fee of $55 which was the same price my Lyft app was quoting had I waited for it.

5) Supporting a local business

lyft or uber vs taxi ridesharing cost and safety

Supporting a local business rather than the corporate monopoly is another reason to consider when deciding between a Lyft or Uber vs Taxi. In a world where Google and Amazon dominate, it’s gratifying to support the local population directly. Most cab companies are the result of families passing down their businesses from generation to generation. In today’s world, it feels as if many businesses are struggling because of the monopoly of corporations that are taking over in so many industries.

It’s hard for me to be ok with living in a world where everything is giant corporation. What does that mean for the rest of us? As the world changes and modes of transportation evolve, many feel taxi cabs will one day be extinct. But many taxi companies are revitalizing and evolving their business models to withstand the test of time. They are upping their standards when it comes to the quality of vehicles they buy. Moreover, they are investing in technology to create booking apps so that they can appeal to the smart-phone dependent generation.

 

Although Uber and Lyft may seem like the cheaper and more convenient option, I strongly urge you to think about all of the above issues around big box ride sharing companies. Is it really worth risking your time, your wallet and most importantly your life – all because it feels easier?

 

More about us: American Business Insurance for taxi companies: https://abiweb.com/services/taxicab-insurance/

A Complete Guide to Insuring On Demand Delivery Start-Ups

There is a growing need for On Demand Delivery Start-Ups. Although it may seem easy enough to do, few think of the potential liabilities and insurance coverage they will need to get started. Many of us are still working remotely and might not ever return to the office. We will also continue to turn to the convenience of ordering food and goods through the click of a button.

Nationwide states are opening their doors for business to resume, but the psychological effects of COVID-19 are everlasting. Restaurants and retail stores are ready for in person dining and shopping, but many people are not rushing out of their houses.

People will still want to social distance and refrain from unnecessary trips to the store. Others now prefer the time saving convenience of Instacart, Amazon and DoorDash.

When COVID first hit, Amazon and Instacart could not keep up with the demand. Amazon Prime members were no longer getting 2-day shipping and Instacart deliveries were hard to come by. There were days I would check the app several times throughout the day for a delivery slot just to avoid going to the grocery store.

Moreover, you may have found that contacting your local insurance broker to handle insurance for On Demand Delivery Start-Ups just isn’t working – and we know why!

 

Finding the Right Broker for On Demand Delivery Start-Ups

On Demand Delivery Start-Ups
UberEats was one of a few On Demand Delivery Start-Ups that have grown in popularity since COVID-19.

If you are planning to be the next Postmates or DoorDash, you need to prepare and think about insurance before  launching On Demand Delivery Start-Ups. One of them is finding the right broker.  Not all brokers are created equal. You will need to find someone that has access to more than one carrier writing Hired & Owned if you are planning to utilize a peer to peer model. If you are planning to own a fleet of vehicles, contacting American Business Insurance will allow you to utilize our Period X™ platform for when vehicles are not operating. We are also close to launching a Period 0™ platform for when cars log into the app.

Commercial auto insurance can be expensive, but ABI is able to connect with your IT team to fully integrate with your app. This means you can spend more time running and growing your business. Which in turn, equates to less time handling insurance.

With our CarTeq™ technology, we provide oversight to On Demand Delivery Start-Ups which is essential (no pun intended) to any successful business.

 

Be Prepared for the Insurance Buying Process

Create the app and have it mostly finished before you start shopping for insurance. Underwriters will want to see what your app looks like before quoting. Many will not spend time quoting your account until they know the app or website is close to completion.

Have a business plan and projection. Many carriers want to see a certain level of planning and investment has been done before quoting. They will usually ask for financials and a marketing plan. They want to see a safety manual (we can help you with that!) and feel comfortable that the On Demand Delivery Start-Ups will be able to compete with the Postmates and DoorDashes of the world.

Create a bio or resume for all key officers. Insurance companies like to see where you came from and how you ended up in the ODD (on demand delivery) space.

Understanding the costs. Most insurance companies have minimum annual premiums ranging from $75,000-150,000. Financing options are available but be ready to put at least 20% down. Sometimes, these premiums are minimum regardless if you operate 1 day or a full year.

Shopping around. There is an abundance of personal auto carriers out there. But, there are only a handful of companies offering insurance for On Demand Delivery Start-Ups. American Business Insurance works with them all. So, there is no need to shop around. Who doesn’t love one stop shopping?

 

So Much to Do, So Little Time to Do It

There is a lot to think about when navigating the insurance buying process for On Demand Delivery Start-Ups, but lucky we are here to help! We’ve helped many others with integrating insurance into their business and we are at the forefront of Insurance Technology.

Not sure where to begin? The first step is contacting us for a full business plan review and insurance quotes. From Full Commercial Auto Liability Insurance, Hired & Non-Owned, Workers Compensation, Directors and Officers Coverages as well as Employment Practices Liability Insurance – we are excited to hear what you have cooking and how we can help move On Demand Delivery Start-Ups forward.

 

Written by Laura Loftus who is the Executive Broker/Sales and Marketing Manager at American Business Insurance Services, Inc. She has more than 10 years of experience insuring business in the For-Hire, Livery, Transportation Network Company, On Demand Delivery & Shared Economy industries. Looking for a quote on your business?  Call us Monday – Friday, 8 am to 5 pm pacific: 800-980-1950 or email us anytime!

 

 

 

 

NEMT Insurance in Utah

Looking for NEMT Insurance in Utah?

Are you looking for a professional insurance agency that knows the ins-and-outs of Non-Emergency Medical Transportation, or NEMT Insurance, in Utah? American Business Insurance Services specializes in helping companies find and maintain the best amount of insurance. Our goal is to make sure that your business, employees, and customers are all protected without breaking the bank. We know that unlike standard automobiles, even a fender bender can create circumstances for a large claim due to the potentially fragile passengers being transported.

NEMT Services in UtahAmerican Business Insurance provides professional advice that will help you fully cover your business from all liabilities that could hurt your company. With this consultative-style approach, we are able to recommend the most comprehensive and most cost-effective NEMT insurance for your business. American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Utah as well as nearly every other state in the U.S.

NEMT Insurance in Utah for Company Fleets

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws, we want the best care for them. But sometimes, our lives get a bit hectic and busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need. The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

NEMT Insurance in Utah

Even for those who have loved ones nearby, it’s not always convenient or possible to be available at all hours. Non-emergency medical transportation in Utah can be very advantageous for individuals who are unable to use conventional transportation means. NEMT services in Utah have several benefits. First off, medical transportation services in Utah provide some of the safest transportation options available. Moreover, NEMT services are health-focused – which can be especially important for those with a disability or health condition, as well as the elderly.

non emergency medical transportation vehicle

As a NEMT business owner, this is where your company comes into play. If you are a NEMT agency that operates fleets in Utah, it’s especially important that you have NEMT insurance. American Business Insurance works with agencies to provide the best available coverage. Having the right NEMT insurance in Utah is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies in Utah as well as nationwide, creating customized policies to best serve the client’s needs.

How to Decide on NEMT Insurance for Your Company Fleet

There are a lot of factors that go into finding the best NEMT insurance coverage for your non-emergency medical transportation’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs.

  • Are the majority of your trips for passengers ambulatory or non-ambulatory?
  • Does your company contract with LogistiCare or other providers with strict insurance requirements?
  • Do your vehicles have lifts or ramps?
  • Do your vehicles include backup cameras so your drivers can see whether or not someone in a low wheelchair is behind the vehicle when backing?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life-changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Coverage Requirements for Paratransit and NEMT Companies

It’s crucial to know exactly what’s in your NEMT coverage contract. At American Business Insurance, we examine the contract providers and the requirements that they have. For example, let’s look at LogistiCare.

  • $1,000,000 Combined Single Limit of Auto Liability Coverage
  • Hired & Non-Owned Coverage (Symbols 2,8,9)
  • Loading & Unloading Coverage
  • General Liability Coverage at $1,000,000 per incident $2,000,000 Aggregate
  • Sexual Abuse and Molestation Coverage (limits can vary by location)

There are other requirements in addition to the ones listed above. However, if you are missing any of those items on your insurance policy, LogistiCare will suspend your account. Many large Non-Emergency fleets have a long list of additional interests that have different insurance requirements.

Typically, we will ask for a copy of the provider insurance section of the contract to make absolutely sure that we’ve gotten your coverage written correctly. American Logistics, SoutheastTrans, and other NEMT providers have extremely particular requirements for coverage to protect them. Why is this? One answer: safety.

How Can American Business Insurance Services, Inc. Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Utah off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Instagram, Facebook, LinkedIn.

The Best NEMT Insurance in Texas

For-Hire Livery Insurance

For-hire livery insurance is a type of commercial auto coverage. Businesses use this for vehicles that generate revenue from transporting people. The most common types of for-hire livery insurance include taxi insurance, black car/limousine insurance, non-emergency medical transportation NEMT insurance, and ride share insurance.

What is NEMT and NEMT Insurance?

Non-emergency medical transportation, commonly called NEMT or Paratransit, vehicles are used to transport people who need help traveling to and from appointments for medical treatment. NEMT insurance is a type of livery coverage that protects business vehicles. These vehicles transport patients to medical appointments on a pre-arranged basis. NEMT insurance differs from other forms of livery insurance in a few ways. Unlike taxi services, Medicaid or medical service providers typically compensate NEMT businesses. It’s important to note that EMT vehicles lack the lightbars and sirens commonly found in ambulances and other emergency vehicles. Minivans, passenger vans, and SUVs are among the most common commercial autos for non-emergency medical transportation. 

Your search for a professional insurance agency that knows the ins-and-outs of NEMT insurance is over! American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Texas as well as several other states in the U.S.

NEMT van

Texas NEMT and Background

In Texas, the major hubs are Houston, San Antonio, Dallas, Austin, and Fort Worth. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic can be slow-paced, finding parking can be a burden. Sometimes, a doctor’s visit can take the whole day.

This is when paratransit service or NEMT comes into play. Many NEMT agencies operate fleets in Texas that American Business Insurance works with to provide the best available coverage. Those seeking transportation can be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right NEMT insurance in Texas is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they’ll look into the NEMT company to make sure their loved one is safe and protected. American Business Insurance provides NEMT insurance to companies nationwide. We do so while creating customized policies to best serve our clients’ needs.

How Much Does NEMT Insurance in Texas Cost?

This is typically the first and most frequent question American Business Insurance gets when quoting public auto insurance policy. There’s no sense in wasting time with an agent who can’t get you a better rate than you already have. Depending on where you operate, American Business Insurance can give you an indication based on the premiums of other similar risks in the area. If you own a NEMT business and are looking for NEMT insurance in Texas for your fleet, you’ve come to the right place.

American Business Insurance has a system to research other accounts in your area that have similar coverage limits to you. Therefore, we can usually ball-park based on this data. We’ve had accounts in rural Kentucky, for instance, with annual rates as low as $800 per car. This isn’t a typical rate, but it does happen. Therefore, the best thing to do is provide us with all the information you can. This way, we can shop your application out to all of our carriers. Then we do our thing and get back to you with a firm quote that makes sense for you. We have flexible financing options. Moreover, we will always work with you the best we can to make your coverage as affordable as possible. 

Paratransit/NEMT Insurance in Texas at American Business Insurance Services, Inc.

At American Business Insurance, our goal is to build long-lasting, valued, and trusted relationships. Our mission is to create an understanding of our clients. We want our clients to know they’re at the forefront of our business. American Business Insurance, commits to professional excellence and delivers commitments on time, and of the highest caliber. Also, we use only the best practices in the industry through our stringent processes and systems. These let you run your Texas NEMT service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your NEMT policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, you can make changes to your policy online at any time – day or night. This is essential in running a business that operates 24/7.

We do the leg work for you. We have built strong, long-term relationships with our carriers of NEMT insurance. This way, we can find you the best policy to match your NEMT business needs. We have over 35+ years of experience in insuring commercial auto fleets. This makes American Business Insurance Services, Inc. quick and efficient in finding the best carrier options.

How Can We Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Texas off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Facebook, LinkedIn, and Instagram.

Uber Freight and Commercial Trucking Insurance

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Uber Freight and Commercial Trucking Insurance

In May of 2017, Uber launched one of their newest services Uber Freight. Uber Freight is an exciting, new trucking app that matches vetted drivers with long-haul routes. The app allows drivers or dispatchers to book and confirm routes with the tap of a button. They have the choice to filter the routes they search for by pickup, destination, the offered price, and other factors. Uber Freight is designed to work for carriers of any size. Although, the service is particularly attractive to small fleets and independent owner-operators. In order for trucking fleets and owner-operators to work with Uber Freight they need to have the proper Commercial Trucking Insurance.

 

How Does Uber Freight Work? What are the advantages?

Uber Freight was created with the business model to appeal to smaller fleets and independent truck drivers. Therefore, the app is designed to give more power to operators and solve many problems drivers have with traditional freight brokerage. Before Uber Freight, drivers or Uber Freightoperators would have to make multiple calls to schedule loads. Now the booking process is streamlined. Booking is made simple through the app. As easy as Uber makes it to schedule a car to pick you up on the curb, they make it just as convenient for commercial truck drivers to schedule loads and routes.

Another problem drivers have with traditional methods are delayed payment. The standard for payment is 30 to 60 days, but with Uber Freight drivers can receive payment about seven days after completion. This allows small trucking fleets or owner-operators to continuously operate at full capacity when repairs and other issues arise. A third problem Uber Freight solves is the problem of deadhead miles. Deadhead miles are the number of miles commercial truck drivers drive from the point of unload to the point where their new load is ready to pickup. Uber Freight accounts for this and compensates drivers. Furthermore, the app also features a “Take Me Home”. This setting helps drivers book loads that will take them back home while still earning income.

Uber Freight is still in its beginning years, but with the way they are operating and handling freight brokerage, they are hoping to transform the industry. They are positioning themselves as a drivers first service. They believe that when drivers are empowered and delivery is more efficient all businesses run better. Take a look at the partnership that Uber Freight has with Ocean Spray, and you’ll see how this new service works.

Commercial Trucking Insurance 

As Uber Freight is very much geared towards smaller fleets for the time being, operators need to do all they can to protect their small businesses. We at American Business Insurance Services, Inc. are here to help. Commercial Trucking Insurance or Delivery Insurance is tremendously important to the safety and security of drivers, their freight, and their business. If you are thinking about contracting through Uber Freight, you will have to have the proper insurance coverage. At American Business Insurance Services, Inc. we shop all the currently competitive markets for you. By doing this we can find you the best coverage to fit your specific needs in the commercial trucking industry. 

 

Why You Need Coverage?

American Business Insurance Services, Inc. has identified the Uber Freight business model as one that will likely transform the way the freight delivery industry operates. The seamless Uber Freightadaption of this technology to all types of businesses, that have shipping needs, has allowed for convenience of scheduling, more carrier options for businesses, and expedited delivery.

Our team of licensed brokers are well aware of the coverage you will need as a delivery fleet or owner-operator service. Furthermore, some of the common types of coverage that apply to delivery and commercial trucking businesses are:

  • Auto Liability to protect bodily injury of all parties
  • (Auto)Property Damage to cover damage to property
  • Comprehensive & Collision to protect against most causes of loss to your vehicle(s)
  • Personal Injury or Medical Coverage
  • Cargo Coverage

Contacting American Business Insurance Services, Inc. will guarantee that you are fully covered under a commercial auto policy and allow you to operate your fleet with Uber Freight.

Why American Business Insurance Services, Inc.?

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients that they are at the forefront of our business. Consequently, we strive to make sure we know our clients business thoroughly to create a true partnership. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time and of the highest caliber. Therefore, we use only the best practices in the industry. Through our stringent processes and systems we let you operate your commercial trucking or delivery service with confidence.

In conclusion, the Uber Freight business model could transform the way trucking operates and we understand that. As the business changes we at American Business Insurance Services, Inc. adapt with the change to provide the best types of coverage for clients.

To get a quote for your commercial trucking fleet or delivery service Click Here.

 

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American Business Insurance Services, Inc

PERIOD X™ Fleet Management Software with Insurance Built In

Period X™ Quote

What is Period X™ insurance and how does it work to help you manage your fleet?

American Business Insurance Services, Inc. developed Period X™ for fleet owners or individuals that are renting their cars out on a car sharing platform. This applies to platforms such as Turo, HyreCar or GetAround.  This coverage comes with fleet management software through a web-based dashboard at no extra cost to your policy. This fleet management software comes with tools to ensure your fleet is running at maximum efficiency. When managing your fleet that operates through a Transportation Network Company, the coverage is usually provided to the renter through TNC Provider Insurance. It is important for fleet operators to know that insurance is not supplied through TNC Provider Insurance when the car is not rented out. Of course you want to make sure your car is covered at all times. That’s where our proprietary Period X™ insurance coverage comes into play.

 

 

What a Period X™ Insurance Policy Provides

Our Period X™ Insurance policy provides more than the minimum state limits in
almost all 50 states. A comprehensive insurance product to cover fleets that
are being rented out on Peer to Peer (P2P) rental platforms such as the ones mentioned above. Our product is one of a kind. If you are renting your vehicles out on P2P rental platforms PERSONAL INSURANCE DOES NOT COVER YOU for this type of business model.

fleet management

An insurance policy with fleet management software

We didn’t stop at just putting the Period X™ insurance product together, we did a lot more.  Every Period X™ policy holder receives a proprietary device for each vehicle that they insure. This includes a fleet management web-based dashboard to manage your fleet.  It would be one thing just to have proper coverage that nobody can offer, but below are some of the additional services we provide as part of this coverage:

  • Ability to add/delete vehicles online

  • GPS track each and every car at all times

  • Check billing

  • Access ID cards and so much more fleet management tools

Period X™ is fleet tracking with the insurance built in!

Why we created Period X™ with fleet management software

As usual, the best place to start is always the beginning. To make a long story much shorter, in the beginning there were taxicabs. When taxicabs were the only animal of their kind roaming the earth, life was simple and there was only one period of time. Things were pretty easy. If you needed insurance for a taxicab, you got a taxicab insurance policy that covered that taxi company 24 hours a day, end of story. fleet management software

Then, not too long ago, something called Uber and Lyft came onto the scene.  All of the sudden, things got complicated really fast in the insurance world.  These companies found that if they divided their insurance policy into separate periods of time, and that each period had a coverage limit assigned to it. This made it possible to reduce their exposure (and their insurance premiums) to maximize profits.

Then, we had another new company (HyreCar) facilitating TNC rentals between rideshare drivers that needed cars and vehicle owners who wanted to make money by providing those cars.  The term peer-to-peer rentals was coined.  

A New Problem Arises

Initially, the idea was that personal insurance would cover the party that was renting their vehicle out to the TNC drivers as long as they only had one or two cars. It did not take long for vehicle owners to see that they were netting $700+ a month per car. Seeing such great results, this resulted in the vehicle owners adding more and more cars until they had fleets. Vehicle owners now had 10, 20, or even 30+ cars, which is not covered by personal auto insurance. This issue lead to the need for the Period X™ product to be created since personal insurance doesn’t cover fleets that are primarily used to make money via rental app platforms and especially not TNC rentals.

Napkin math ensued and a new problem emerged: 

“How do I place insurance on my fleet of cars under an LLC or Corp and keep my personal lines insurance pricing?”  

The answer to that question is: Period X™ Insurance!  Our agency was the brains behind this exciting new insurance product. We are now positioned to bring it to the masses! Now, fleet owners who place their inventory on platforms such as; HyreCar, Turo, GetAround & similar peer-to-peer rental platforms have access to a reasonably priced app-based insuranceinsurance product that covers their fleet for only the period of time when the vehicle is not rented out and is being serviced and maintained to ready the car for the next rental.  

There are articles upon articles online in regards to Periods 1,2 & 3 and why they are the way they are. The basic idea is that when a rideshare driver has the rideshare app off, then the rideshare company has no involvement in what that driver does with their car. This results in no insurance for that period of time.  The instant the rideshare app is on and the driver is engaged with it, Period 1, 2 & 3 begins and typically state minimum auto liability limits apply.

fleet management software

 

Breaking down insurance policies divided into separate periods of time:

After the app is turned on and driver is engaged with Period 1, they scan for rides
they’d like to take. The instant the driver accepts a ride, they have entered Period 2. The insurance coverage offered by the rideshare providers increases a bit more to cover incidents that might occur while the driver is on their way to pick up a passenger.

insurance policy

The last (for now) action involved in a typical rideshare exchange is that the driver arrives at the pick-up destination. The instant the passenger(s) get into the driver’s car, Period 3 is activated. 

TNC insurance policy

Period 3 typically involves $1,000,000 of auto liability coverage via the rideshare company insurance policy. This is the riskiest period of time, because any accident occurring during that period fully engages the rideshare provider and all participants involved with that ride.

Period Policies for Commercial Auto Working Together

The “Period 1,2 & 3” policy setup is now the industry standard for app-based transportation companies that offer rides as a service. Now with American Business Insurance Services, Inc. Period X™ insurance coverage, fleet managers are able to go beyond the industry standard. With our Period X™, coverage never slips through the cracks making sure your TNC fleet is protected at all times.

After Uber & Lyft had been around for a couple of years, opportunity-minded people started to notice the great deal of demand for vehicles from drivers who wanted to make money driving for TNC companies, but did not have the means to purchase, lease or finance a vehicle for various reasons.

A few select companies have established a niche in this territory and filled this demand successfully.  These companies didn’t only see this driver need for vehicle inventory in the marketplace. They saw plenty of regular people out there that are not always driving their personal vehicles, or who were interested in purchasing vehicles for the sole reason of renting them out to TNC drivers who needed them. This is an industry that expected to have rapid growth. When creating a TNC company having the proper policy coverage protects your business and livelihood. 

Contact Us For Full Details on Period X™ and our Fleet Tracking Software

We’d love to tell you everything about this program because we’re SO excited about this new product. We can’t just give away all our secrets at once, can we? What we can tell you is that we’re open in most U.S. states, have a full-time I.T. department dedicated to continuously evolving the technology behind this product. Our experienced team of licensed professionals are excited to talk to you about how you can get Period X™ Insurance on your fleet. Give us a call today! Let’s solve your fleet insurance / management problems so you can get back out there and make some money!

Call Today: (800) 980-1950

https://abiweb.com/

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Paratransit Service Insurance in California

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Paratransit Service Insurance in California for Company Fleet of 15+ Vehicles

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws- we want the best care for them. But the thing is people are busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need.

paratransit service

The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

California NEMT and Background

In California, the major hubs are Los Angeles, San Diego, San Jose, and San Francisco. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. 

Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic is horrendous, finding parking is a nightmare, and a whole day could be filled with a doctor’s visit.

This is when paratransit service or NEMT comes into play. There are many paratransit agencies that operate fleets of 15+ vehicles in California that American Business Insurance Services, Inc. works with to provide the best available coverage. Those seeking transportation are able to be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right paratransit fleet insurance is essential in making sure your business and customers are covered in case of an incident. 

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies nationwide creating customized policies to best serve our clients needs.

How to Decide on Paratransit/ NEMT Insurance For Your Company Fleetparatransit service

There are a lot of factors that go into finding the best insurance coverage for your Paratransit Company’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs. 

  • Do your vehicles have lifts or ramps? 
  • Do your vehicles include backup cameras? 
  • Are the majority of your trips for passengers ambulatory or non-ambulatory? 
  • Do you contract with LogistiCare or other providers with strict insurance requirements?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having the proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Paratransit/NEMT Insurance at American Business Insurance Services, Inc.

paratransit service

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients because we want them to know they are at the forefront of our business. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time, and of the highest caliber. In addition, we use only the best practices in the industry through our stringent processes and systems that let you operate your California paratransit service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your Paratransit policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, policy changes can be made online at any time – day or night. This is essential in running a business that also operates 24/7.

We promise to do the leg work for you. We have built strong long term relationships with our carriers of paratransit insurance in order to find you the best policy to match your business needs. Our 35+ years experience in insuring commercial auto fleets makes American Business Insurance quick and efficient in finding the best carrier options.

Get a quote today!

  Top 5 Issues When Choosing Lyft or Uber vs Taxi

Top 5 Issues When Choosing Lyft or Uber vs Taxi

Written by Laura Loftus on Wednesday, December 5th, 2018

lyft or uber vs taxi ridesharing cost and safety

With travel increasing as we approach the holidays, many of us default to using a Lyft or Uber vs Taxi because we are under the impression that it’s faster, cheaper and all around more convenient than taking a taxi. However, I have a different perspective. As a west-coast based insurance broker who has clients all over the country, I tend travel about once every two months or so.

Most recently, I’ve visited San Francisco, New York City, Denver and Las Vegas for work meetings. I have to tell you, there were times where hopping into a cab was not only easier but also less money than their TNC counterparts.

Nowadays, people seem to think taxis are antiquated. But in reality, taxis are the same thing as an Uber or Lyft app, and I honestly feel safer in a cab. Here’s why.

1) Safety

Safety is my top concern when entering into a Lyft or Uber vs Taxi. For one, Uber and Lyft do not limit how long someone must have been licensed to drive for them. Someone could’ve moved to the US a few weeks ago, obtain a Driver’s License and as long as they have access to a qualifying car and pass a MINIMAL background check – they are approved. Nobody trains them, monitors them, or ensures that they are familiar with the area in which they drive.

The city highly regulates taxi drivers. They require taxi drivers to go through numerous EXTENSIVE background checks. Only then does the city in which they operate in allow them to start transporting people. Many cities require taxi and limo drivers to obtain a Hack License or Chauffeurs license. That means they have endured many hours of classroom-style and behind-the-wheel training.

Besides safety concerns regarding the driver, there are concerns around the vehicle. All taxi companies start their days by inspecting vehicles. They are required to get a vehicle inspection yearly to keep their operating permit. Lyft or Uber vs Taxi vehicles are not regulated at all. Once the driver is approved, there isn’t much regulation unless the ride share vehicle is in an accident.

With ride sharing, you are taking a risk as to who you are getting into a vehicle with. You could end up getting into a vehicle of someone with a criminal background who is dangerous. Even more concerning, I have heard of people leasing or renting out their Uber or Lyft accounts. So, for someone who doesn’t qualify themselves, they will find someone who does qualify. They’ll have to go through the approval process and use someone else’s account to work. That freaks me out, a lot.  When comparing Lyft or Uber vs Taxi, this type of situation would not happen. That’s because fleet owners know exactly who they are leasing the cab out too.

2) Insurance

Insurance issues are a huge concern when riding in a Lyft or Uber vs Taxi vehicle (and I’ll admit, I do use ride sharing apps regularly). Despite being an insurance broker who specializes in Public Auto

lyft or uber vs taxi ridesharing cost and safety

Transportation risks (specifically for-hire, livery businesses such as Taxi’s, Limo’s, Non-Emergency Medical Transportation, shuttles, etc), I often hop into a Lyft or Uber vs Taxi because, let’s face it, it’s super easy.  Hop on an app, order a car, and it will arrive in 4-5 minutes. This is especially the case when you’re in a residential or suburban area where cabs aren’t just lined in the street waiting for their next fare. I often think about what would happen if the car I am in was involved in an accident.

I am extremely knowledgeable on the coverages that Uber and Lyft’s insurance policy include and it’s spotty at best. For one, the driver and passenger are only covered if the app is on and the driver is logged in. What if there is a technical issue and the driver is logged out? If their phone dies, what now? What if they’re in an area with poor reception and the driver is disconnected from the app? A passenger could be held responsible for injuries incurred. Additionally, the majority of ride share drivers do not have commercial insurance. Plus, Uber and Lyft require drivers to turn the claim into their personal auto carrier before they’ll accept liability.

Commercial auto insurance is expensive, about 2 – 5 times higher than personal auto and most ride share drivers do not buy it because their profit margin on operating is thin. They pay for the vehicle itself, maintenance of the vehicle, gas and almost every TNC driver who calls for a quote on commercial auto insurance so that they can be properly insured does not buy it because no one is making them. This means the only coverage they have for their vehicle and the passengers is through Uber or Lyft, which all hinges on the driver being logged into the app.

3) Accessibility

lyft or uber vs taxi ridesharing cost and safetyAccessibility and ease of getting a ride from an airport, in my opinion is far greater for a taxi than a ride sharing unit. When deciding on an Lyft or Uber vs Taxi, typically, I exit a plane and walk straight to a taxi to my destination. I don’t have to rely on my signal being strong enough for the app to work. I don’t have to wait for the car to come through traffic or walk to somewhere off the premises to get a ride. In some airports, they don’t allow ride share units to pick up. If they do, you often have to go up a level to the departure area or walk to a far end of the airport. When I get off a plane, I personally prefer to get straight into a car and quickly be on my way.

On my last trip to San Francisco, I saw a sign that said Ride Share pick up and I could see a side walk with several waiting areas. According to my app, Ride Share would be about 75% of the cost of a cab. I looked at the taxi line and it was empty and there was car waiting. For experimental purposes, I sacrificed my usual cab ride for a Lyft ride to see if it was actually faster and cheaper. I logged into my Lyft app and requested a vehicle. Because the airport was busy, it took 5 minutes for a driver to accept my ride plus 15 minutes for them to actually pull up to the curb. The whole time I kept my eye on the taxi line. I watched person after person get into a cab and drive away.

I wanted to cancel my ride as I had a meeting to get to, but I wanted to complete the experiment. When my driver arrived, the car was new and clean. No complaints. But by the time we sat in traffic and crossed the Bay Bridge from Oakland into San Francisco, the price was literally the same as a taxi. And it delayed my arrival by 30 minutes.

4) Pricing

lyft or uber vs taxi ridesharing cost and safety

Pricing for a ride share trip isn’t consistent. Taxi’s are transparent on how much they charge and most have the pricing displayed on the vehicle. During my last trip to Las Vegas, I spoke with a conference attendee. She complained the surge pricing was triple that of a taxi when she wanted dinner on the strip. And the taxi was ready to go right there. I also found this to be true during my last trip to Denver.

I’ve gone two years in a row for three days of Phish. The band is best known for their musical improvisation, extended jams largely influenced by Grateful Dead, Led Zeppelin, and their dedicated fanbase. The first year we went, we tried to order a Lyft. The price was about $150 to literally go 11 miles!

At 7 am in Times Square, I left my hotel.  My return flight home awaited. It was 30 degrees outside with some expected snow. Out of habit, I opened by Lyft app to find a driver 4 minutes away. As I exited the warm hotel lobby to the frigid air of the NYC streets, I saw a cab waiting right there. I waited a few minutes staring at my phone as the Lyft driver slowly creeped through traffic up the block. I asked the driver if he was available to take me to the airport, and he was. So, I cancelled that Lyft ride and walked straight into a fully insured, inspected vehicle with a professional trained driver. It was a flat fee of $55 which was the same price my Lyft app was quoting had I waited for it.

5) Supporting a local business

lyft or uber vs taxi ridesharing cost and safety

Supporting a local business rather than the corporate monopoly is another reason to consider when deciding between a Lyft or Uber vs Taxi. In a world where Google and Amazon dominate, it’s gratifying to support the local population directly. Most cab companies are the result of families passing down their businesses from generation to generation. In today’s world, it feels as if many businesses are struggling because of the monopoly of corporations that are taking over in so many industries.

It’s hard for me to be ok with living in a world where everything is giant corporation. What does that mean for the rest of us? As the world changes and modes of transportation evolve, many feel taxi cabs will one day be extinct. But many taxi companies are revitalizing and evolving their business models to withstand the test of time. They are upping their standards when it comes to the quality of vehicles they buy. Moreover, they are investing in technology to create booking apps so that they can appeal to the smart-phone dependent generation.

 

Although Uber and Lyft may seem like the cheaper and more convenient option, I strongly urge you to think about all of the above issues around big box ride sharing companies. Is it really worth risking your time, your wallet and most importantly your life – all because it feels easier?

 

More about us: American Business Insurance for taxi companies: https://abiweb.com/services/taxicab-insurance/

A Complete Guide to Insuring On Demand Delivery Start-Ups

There is a growing need for On Demand Delivery Start-Ups. Although it may seem easy enough to do, few think of the potential liabilities and insurance coverage they will need to get started. Many of us are still working remotely and might not ever return to the office. We will also continue to turn to the convenience of ordering food and goods through the click of a button.

Nationwide states are opening their doors for business to resume, but the psychological effects of COVID-19 are everlasting. Restaurants and retail stores are ready for in person dining and shopping, but many people are not rushing out of their houses.

People will still want to social distance and refrain from unnecessary trips to the store. Others now prefer the time saving convenience of Instacart, Amazon and DoorDash.

When COVID first hit, Amazon and Instacart could not keep up with the demand. Amazon Prime members were no longer getting 2-day shipping and Instacart deliveries were hard to come by. There were days I would check the app several times throughout the day for a delivery slot just to avoid going to the grocery store.

Moreover, you may have found that contacting your local insurance broker to handle insurance for On Demand Delivery Start-Ups just isn’t working – and we know why!

 

Finding the Right Broker for On Demand Delivery Start-Ups

On Demand Delivery Start-Ups
UberEats was one of a few On Demand Delivery Start-Ups that have grown in popularity since COVID-19.

If you are planning to be the next Postmates or DoorDash, you need to prepare and think about insurance before  launching On Demand Delivery Start-Ups. One of them is finding the right broker.  Not all brokers are created equal. You will need to find someone that has access to more than one carrier writing Hired & Owned if you are planning to utilize a peer to peer model. If you are planning to own a fleet of vehicles, contacting American Business Insurance will allow you to utilize our Period X™ platform for when vehicles are not operating. We are also close to launching a Period 0™ platform for when cars log into the app.

Commercial auto insurance can be expensive, but ABI is able to connect with your IT team to fully integrate with your app. This means you can spend more time running and growing your business. Which in turn, equates to less time handling insurance.

With our CarTeq™ technology, we provide oversight to On Demand Delivery Start-Ups which is essential (no pun intended) to any successful business.

 

Be Prepared for the Insurance Buying Process

Create the app and have it mostly finished before you start shopping for insurance. Underwriters will want to see what your app looks like before quoting. Many will not spend time quoting your account until they know the app or website is close to completion.

Have a business plan and projection. Many carriers want to see a certain level of planning and investment has been done before quoting. They will usually ask for financials and a marketing plan. They want to see a safety manual (we can help you with that!) and feel comfortable that the On Demand Delivery Start-Ups will be able to compete with the Postmates and DoorDashes of the world.

Create a bio or resume for all key officers. Insurance companies like to see where you came from and how you ended up in the ODD (on demand delivery) space.

Understanding the costs. Most insurance companies have minimum annual premiums ranging from $75,000-150,000. Financing options are available but be ready to put at least 20% down. Sometimes, these premiums are minimum regardless if you operate 1 day or a full year.

Shopping around. There is an abundance of personal auto carriers out there. But, there are only a handful of companies offering insurance for On Demand Delivery Start-Ups. American Business Insurance works with them all. So, there is no need to shop around. Who doesn’t love one stop shopping?

 

So Much to Do, So Little Time to Do It

There is a lot to think about when navigating the insurance buying process for On Demand Delivery Start-Ups, but lucky we are here to help! We’ve helped many others with integrating insurance into their business and we are at the forefront of Insurance Technology.

Not sure where to begin? The first step is contacting us for a full business plan review and insurance quotes. From Full Commercial Auto Liability Insurance, Hired & Non-Owned, Workers Compensation, Directors and Officers Coverages as well as Employment Practices Liability Insurance – we are excited to hear what you have cooking and how we can help move On Demand Delivery Start-Ups forward.

 

Written by Laura Loftus who is the Executive Broker/Sales and Marketing Manager at American Business Insurance Services, Inc. She has more than 10 years of experience insuring business in the For-Hire, Livery, Transportation Network Company, On Demand Delivery & Shared Economy industries. Looking for a quote on your business?  Call us Monday – Friday, 8 am to 5 pm pacific: 800-980-1950 or email us anytime!

 

 

 

 

NEMT Insurance in Utah

Looking for NEMT Insurance in Utah?

Are you looking for a professional insurance agency that knows the ins-and-outs of Non-Emergency Medical Transportation, or NEMT Insurance, in Utah? American Business Insurance Services specializes in helping companies find and maintain the best amount of insurance. Our goal is to make sure that your business, employees, and customers are all protected without breaking the bank. We know that unlike standard automobiles, even a fender bender can create circumstances for a large claim due to the potentially fragile passengers being transported.

NEMT Services in UtahAmerican Business Insurance provides professional advice that will help you fully cover your business from all liabilities that could hurt your company. With this consultative-style approach, we are able to recommend the most comprehensive and most cost-effective NEMT insurance for your business. American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Utah as well as nearly every other state in the U.S.

NEMT Insurance in Utah for Company Fleets

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws, we want the best care for them. But sometimes, our lives get a bit hectic and busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need. The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

NEMT Insurance in Utah

Even for those who have loved ones nearby, it’s not always convenient or possible to be available at all hours. Non-emergency medical transportation in Utah can be very advantageous for individuals who are unable to use conventional transportation means. NEMT services in Utah have several benefits. First off, medical transportation services in Utah provide some of the safest transportation options available. Moreover, NEMT services are health-focused – which can be especially important for those with a disability or health condition, as well as the elderly.

non emergency medical transportation vehicle

As a NEMT business owner, this is where your company comes into play. If you are a NEMT agency that operates fleets in Utah, it’s especially important that you have NEMT insurance. American Business Insurance works with agencies to provide the best available coverage. Having the right NEMT insurance in Utah is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies in Utah as well as nationwide, creating customized policies to best serve the client’s needs.

How to Decide on NEMT Insurance for Your Company Fleet

There are a lot of factors that go into finding the best NEMT insurance coverage for your non-emergency medical transportation’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs.

  • Are the majority of your trips for passengers ambulatory or non-ambulatory?
  • Does your company contract with LogistiCare or other providers with strict insurance requirements?
  • Do your vehicles have lifts or ramps?
  • Do your vehicles include backup cameras so your drivers can see whether or not someone in a low wheelchair is behind the vehicle when backing?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life-changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Coverage Requirements for Paratransit and NEMT Companies

It’s crucial to know exactly what’s in your NEMT coverage contract. At American Business Insurance, we examine the contract providers and the requirements that they have. For example, let’s look at LogistiCare.

  • $1,000,000 Combined Single Limit of Auto Liability Coverage
  • Hired & Non-Owned Coverage (Symbols 2,8,9)
  • Loading & Unloading Coverage
  • General Liability Coverage at $1,000,000 per incident $2,000,000 Aggregate
  • Sexual Abuse and Molestation Coverage (limits can vary by location)

There are other requirements in addition to the ones listed above. However, if you are missing any of those items on your insurance policy, LogistiCare will suspend your account. Many large Non-Emergency fleets have a long list of additional interests that have different insurance requirements.

Typically, we will ask for a copy of the provider insurance section of the contract to make absolutely sure that we’ve gotten your coverage written correctly. American Logistics, SoutheastTrans, and other NEMT providers have extremely particular requirements for coverage to protect them. Why is this? One answer: safety.

How Can American Business Insurance Services, Inc. Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Utah off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Instagram, Facebook, LinkedIn.

The Best NEMT Insurance in Texas

For-Hire Livery Insurance

For-hire livery insurance is a type of commercial auto coverage. Businesses use this for vehicles that generate revenue from transporting people. The most common types of for-hire livery insurance include taxi insurance, black car/limousine insurance, non-emergency medical transportation NEMT insurance, and ride share insurance.

What is NEMT and NEMT Insurance?

Non-emergency medical transportation, commonly called NEMT or Paratransit, vehicles are used to transport people who need help traveling to and from appointments for medical treatment. NEMT insurance is a type of livery coverage that protects business vehicles. These vehicles transport patients to medical appointments on a pre-arranged basis. NEMT insurance differs from other forms of livery insurance in a few ways. Unlike taxi services, Medicaid or medical service providers typically compensate NEMT businesses. It’s important to note that EMT vehicles lack the lightbars and sirens commonly found in ambulances and other emergency vehicles. Minivans, passenger vans, and SUVs are among the most common commercial autos for non-emergency medical transportation. 

Your search for a professional insurance agency that knows the ins-and-outs of NEMT insurance is over! American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Texas as well as several other states in the U.S.

NEMT van

Texas NEMT and Background

In Texas, the major hubs are Houston, San Antonio, Dallas, Austin, and Fort Worth. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic can be slow-paced, finding parking can be a burden. Sometimes, a doctor’s visit can take the whole day.

This is when paratransit service or NEMT comes into play. Many NEMT agencies operate fleets in Texas that American Business Insurance works with to provide the best available coverage. Those seeking transportation can be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right NEMT insurance in Texas is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they’ll look into the NEMT company to make sure their loved one is safe and protected. American Business Insurance provides NEMT insurance to companies nationwide. We do so while creating customized policies to best serve our clients’ needs.

How Much Does NEMT Insurance in Texas Cost?

This is typically the first and most frequent question American Business Insurance gets when quoting public auto insurance policy. There’s no sense in wasting time with an agent who can’t get you a better rate than you already have. Depending on where you operate, American Business Insurance can give you an indication based on the premiums of other similar risks in the area. If you own a NEMT business and are looking for NEMT insurance in Texas for your fleet, you’ve come to the right place.

American Business Insurance has a system to research other accounts in your area that have similar coverage limits to you. Therefore, we can usually ball-park based on this data. We’ve had accounts in rural Kentucky, for instance, with annual rates as low as $800 per car. This isn’t a typical rate, but it does happen. Therefore, the best thing to do is provide us with all the information you can. This way, we can shop your application out to all of our carriers. Then we do our thing and get back to you with a firm quote that makes sense for you. We have flexible financing options. Moreover, we will always work with you the best we can to make your coverage as affordable as possible. 

Paratransit/NEMT Insurance in Texas at American Business Insurance Services, Inc.

At American Business Insurance, our goal is to build long-lasting, valued, and trusted relationships. Our mission is to create an understanding of our clients. We want our clients to know they’re at the forefront of our business. American Business Insurance, commits to professional excellence and delivers commitments on time, and of the highest caliber. Also, we use only the best practices in the industry through our stringent processes and systems. These let you run your Texas NEMT service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your NEMT policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, you can make changes to your policy online at any time – day or night. This is essential in running a business that operates 24/7.

We do the leg work for you. We have built strong, long-term relationships with our carriers of NEMT insurance. This way, we can find you the best policy to match your NEMT business needs. We have over 35+ years of experience in insuring commercial auto fleets. This makes American Business Insurance Services, Inc. quick and efficient in finding the best carrier options.

How Can We Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Texas off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Facebook, LinkedIn, and Instagram.

Uber Freight and Commercial Trucking Insurance

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Uber Freight and Commercial Trucking Insurance

In May of 2017, Uber launched one of their newest services Uber Freight. Uber Freight is an exciting, new trucking app that matches vetted drivers with long-haul routes. The app allows drivers or dispatchers to book and confirm routes with the tap of a button. They have the choice to filter the routes they search for by pickup, destination, the offered price, and other factors. Uber Freight is designed to work for carriers of any size. Although, the service is particularly attractive to small fleets and independent owner-operators. In order for trucking fleets and owner-operators to work with Uber Freight they need to have the proper Commercial Trucking Insurance.

 

How Does Uber Freight Work? What are the advantages?

Uber Freight was created with the business model to appeal to smaller fleets and independent truck drivers. Therefore, the app is designed to give more power to operators and solve many problems drivers have with traditional freight brokerage. Before Uber Freight, drivers or Uber Freightoperators would have to make multiple calls to schedule loads. Now the booking process is streamlined. Booking is made simple through the app. As easy as Uber makes it to schedule a car to pick you up on the curb, they make it just as convenient for commercial truck drivers to schedule loads and routes.

Another problem drivers have with traditional methods are delayed payment. The standard for payment is 30 to 60 days, but with Uber Freight drivers can receive payment about seven days after completion. This allows small trucking fleets or owner-operators to continuously operate at full capacity when repairs and other issues arise. A third problem Uber Freight solves is the problem of deadhead miles. Deadhead miles are the number of miles commercial truck drivers drive from the point of unload to the point where their new load is ready to pickup. Uber Freight accounts for this and compensates drivers. Furthermore, the app also features a “Take Me Home”. This setting helps drivers book loads that will take them back home while still earning income.

Uber Freight is still in its beginning years, but with the way they are operating and handling freight brokerage, they are hoping to transform the industry. They are positioning themselves as a drivers first service. They believe that when drivers are empowered and delivery is more efficient all businesses run better. Take a look at the partnership that Uber Freight has with Ocean Spray, and you’ll see how this new service works.

Commercial Trucking Insurance 

As Uber Freight is very much geared towards smaller fleets for the time being, operators need to do all they can to protect their small businesses. We at American Business Insurance Services, Inc. are here to help. Commercial Trucking Insurance or Delivery Insurance is tremendously important to the safety and security of drivers, their freight, and their business. If you are thinking about contracting through Uber Freight, you will have to have the proper insurance coverage. At American Business Insurance Services, Inc. we shop all the currently competitive markets for you. By doing this we can find you the best coverage to fit your specific needs in the commercial trucking industry. 

 

Why You Need Coverage?

American Business Insurance Services, Inc. has identified the Uber Freight business model as one that will likely transform the way the freight delivery industry operates. The seamless Uber Freightadaption of this technology to all types of businesses, that have shipping needs, has allowed for convenience of scheduling, more carrier options for businesses, and expedited delivery.

Our team of licensed brokers are well aware of the coverage you will need as a delivery fleet or owner-operator service. Furthermore, some of the common types of coverage that apply to delivery and commercial trucking businesses are:

  • Auto Liability to protect bodily injury of all parties
  • (Auto)Property Damage to cover damage to property
  • Comprehensive & Collision to protect against most causes of loss to your vehicle(s)
  • Personal Injury or Medical Coverage
  • Cargo Coverage

Contacting American Business Insurance Services, Inc. will guarantee that you are fully covered under a commercial auto policy and allow you to operate your fleet with Uber Freight.

Why American Business Insurance Services, Inc.?

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients that they are at the forefront of our business. Consequently, we strive to make sure we know our clients business thoroughly to create a true partnership. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time and of the highest caliber. Therefore, we use only the best practices in the industry. Through our stringent processes and systems we let you operate your commercial trucking or delivery service with confidence.

In conclusion, the Uber Freight business model could transform the way trucking operates and we understand that. As the business changes we at American Business Insurance Services, Inc. adapt with the change to provide the best types of coverage for clients.

To get a quote for your commercial trucking fleet or delivery service Click Here.

 

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American Business Insurance Services, Inc

PERIOD X™ Fleet Management Software with Insurance Built In

Period X™ Quote

What is Period X™ insurance and how does it work to help you manage your fleet?

American Business Insurance Services, Inc. developed Period X™ for fleet owners or individuals that are renting their cars out on a car sharing platform. This applies to platforms such as Turo, HyreCar or GetAround.  This coverage comes with fleet management software through a web-based dashboard at no extra cost to your policy. This fleet management software comes with tools to ensure your fleet is running at maximum efficiency. When managing your fleet that operates through a Transportation Network Company, the coverage is usually provided to the renter through TNC Provider Insurance. It is important for fleet operators to know that insurance is not supplied through TNC Provider Insurance when the car is not rented out. Of course you want to make sure your car is covered at all times. That’s where our proprietary Period X™ insurance coverage comes into play.

 

 

What a Period X™ Insurance Policy Provides

Our Period X™ Insurance policy provides more than the minimum state limits in
almost all 50 states. A comprehensive insurance product to cover fleets that
are being rented out on Peer to Peer (P2P) rental platforms such as the ones mentioned above. Our product is one of a kind. If you are renting your vehicles out on P2P rental platforms PERSONAL INSURANCE DOES NOT COVER YOU for this type of business model.

fleet management

An insurance policy with fleet management software

We didn’t stop at just putting the Period X™ insurance product together, we did a lot more.  Every Period X™ policy holder receives a proprietary device for each vehicle that they insure. This includes a fleet management web-based dashboard to manage your fleet.  It would be one thing just to have proper coverage that nobody can offer, but below are some of the additional services we provide as part of this coverage:

  • Ability to add/delete vehicles online

  • GPS track each and every car at all times

  • Check billing

  • Access ID cards and so much more fleet management tools

Period X™ is fleet tracking with the insurance built in!

Why we created Period X™ with fleet management software

As usual, the best place to start is always the beginning. To make a long story much shorter, in the beginning there were taxicabs. When taxicabs were the only animal of their kind roaming the earth, life was simple and there was only one period of time. Things were pretty easy. If you needed insurance for a taxicab, you got a taxicab insurance policy that covered that taxi company 24 hours a day, end of story. fleet management software

Then, not too long ago, something called Uber and Lyft came onto the scene.  All of the sudden, things got complicated really fast in the insurance world.  These companies found that if they divided their insurance policy into separate periods of time, and that each period had a coverage limit assigned to it. This made it possible to reduce their exposure (and their insurance premiums) to maximize profits.

Then, we had another new company (HyreCar) facilitating TNC rentals between rideshare drivers that needed cars and vehicle owners who wanted to make money by providing those cars.  The term peer-to-peer rentals was coined.  

A New Problem Arises

Initially, the idea was that personal insurance would cover the party that was renting their vehicle out to the TNC drivers as long as they only had one or two cars. It did not take long for vehicle owners to see that they were netting $700+ a month per car. Seeing such great results, this resulted in the vehicle owners adding more and more cars until they had fleets. Vehicle owners now had 10, 20, or even 30+ cars, which is not covered by personal auto insurance. This issue lead to the need for the Period X™ product to be created since personal insurance doesn’t cover fleets that are primarily used to make money via rental app platforms and especially not TNC rentals.

Napkin math ensued and a new problem emerged: 

“How do I place insurance on my fleet of cars under an LLC or Corp and keep my personal lines insurance pricing?”  

The answer to that question is: Period X™ Insurance!  Our agency was the brains behind this exciting new insurance product. We are now positioned to bring it to the masses! Now, fleet owners who place their inventory on platforms such as; HyreCar, Turo, GetAround & similar peer-to-peer rental platforms have access to a reasonably priced app-based insuranceinsurance product that covers their fleet for only the period of time when the vehicle is not rented out and is being serviced and maintained to ready the car for the next rental.  

There are articles upon articles online in regards to Periods 1,2 & 3 and why they are the way they are. The basic idea is that when a rideshare driver has the rideshare app off, then the rideshare company has no involvement in what that driver does with their car. This results in no insurance for that period of time.  The instant the rideshare app is on and the driver is engaged with it, Period 1, 2 & 3 begins and typically state minimum auto liability limits apply.

fleet management software

 

Breaking down insurance policies divided into separate periods of time:

After the app is turned on and driver is engaged with Period 1, they scan for rides
they’d like to take. The instant the driver accepts a ride, they have entered Period 2. The insurance coverage offered by the rideshare providers increases a bit more to cover incidents that might occur while the driver is on their way to pick up a passenger.

insurance policy

The last (for now) action involved in a typical rideshare exchange is that the driver arrives at the pick-up destination. The instant the passenger(s) get into the driver’s car, Period 3 is activated. 

TNC insurance policy

Period 3 typically involves $1,000,000 of auto liability coverage via the rideshare company insurance policy. This is the riskiest period of time, because any accident occurring during that period fully engages the rideshare provider and all participants involved with that ride.

Period Policies for Commercial Auto Working Together

The “Period 1,2 & 3” policy setup is now the industry standard for app-based transportation companies that offer rides as a service. Now with American Business Insurance Services, Inc. Period X™ insurance coverage, fleet managers are able to go beyond the industry standard. With our Period X™, coverage never slips through the cracks making sure your TNC fleet is protected at all times.

After Uber & Lyft had been around for a couple of years, opportunity-minded people started to notice the great deal of demand for vehicles from drivers who wanted to make money driving for TNC companies, but did not have the means to purchase, lease or finance a vehicle for various reasons.

A few select companies have established a niche in this territory and filled this demand successfully.  These companies didn’t only see this driver need for vehicle inventory in the marketplace. They saw plenty of regular people out there that are not always driving their personal vehicles, or who were interested in purchasing vehicles for the sole reason of renting them out to TNC drivers who needed them. This is an industry that expected to have rapid growth. When creating a TNC company having the proper policy coverage protects your business and livelihood. 

Contact Us For Full Details on Period X™ and our Fleet Tracking Software

We’d love to tell you everything about this program because we’re SO excited about this new product. We can’t just give away all our secrets at once, can we? What we can tell you is that we’re open in most U.S. states, have a full-time I.T. department dedicated to continuously evolving the technology behind this product. Our experienced team of licensed professionals are excited to talk to you about how you can get Period X™ Insurance on your fleet. Give us a call today! Let’s solve your fleet insurance / management problems so you can get back out there and make some money!

Call Today: (800) 980-1950

https://abiweb.com/

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Paratransit Service Insurance in California

GET A NEMT INSURANCE QUOTE TODAY

Paratransit Service Insurance in California for Company Fleet of 15+ Vehicles

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws- we want the best care for them. But the thing is people are busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need.

paratransit service

The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

California NEMT and Background

In California, the major hubs are Los Angeles, San Diego, San Jose, and San Francisco. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. 

Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic is horrendous, finding parking is a nightmare, and a whole day could be filled with a doctor’s visit.

This is when paratransit service or NEMT comes into play. There are many paratransit agencies that operate fleets of 15+ vehicles in California that American Business Insurance Services, Inc. works with to provide the best available coverage. Those seeking transportation are able to be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right paratransit fleet insurance is essential in making sure your business and customers are covered in case of an incident. 

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies nationwide creating customized policies to best serve our clients needs.

How to Decide on Paratransit/ NEMT Insurance For Your Company Fleetparatransit service

There are a lot of factors that go into finding the best insurance coverage for your Paratransit Company’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs. 

  • Do your vehicles have lifts or ramps? 
  • Do your vehicles include backup cameras? 
  • Are the majority of your trips for passengers ambulatory or non-ambulatory? 
  • Do you contract with LogistiCare or other providers with strict insurance requirements?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having the proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Paratransit/NEMT Insurance at American Business Insurance Services, Inc.

paratransit service

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients because we want them to know they are at the forefront of our business. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time, and of the highest caliber. In addition, we use only the best practices in the industry through our stringent processes and systems that let you operate your California paratransit service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your Paratransit policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, policy changes can be made online at any time – day or night. This is essential in running a business that also operates 24/7.

We promise to do the leg work for you. We have built strong long term relationships with our carriers of paratransit insurance in order to find you the best policy to match your business needs. Our 35+ years experience in insuring commercial auto fleets makes American Business Insurance quick and efficient in finding the best carrier options.

Get a quote today!

  Top 5 Issues When Choosing Lyft or Uber vs Taxi

Top 5 Issues When Choosing Lyft or Uber vs Taxi

Written by Laura Loftus on Wednesday, December 5th, 2018

lyft or uber vs taxi ridesharing cost and safety

With travel increasing as we approach the holidays, many of us default to using a Lyft or Uber vs Taxi because we are under the impression that it’s faster, cheaper and all around more convenient than taking a taxi. However, I have a different perspective. As a west-coast based insurance broker who has clients all over the country, I tend travel about once every two months or so.

Most recently, I’ve visited San Francisco, New York City, Denver and Las Vegas for work meetings. I have to tell you, there were times where hopping into a cab was not only easier but also less money than their TNC counterparts.

Nowadays, people seem to think taxis are antiquated. But in reality, taxis are the same thing as an Uber or Lyft app, and I honestly feel safer in a cab. Here’s why.

1) Safety

Safety is my top concern when entering into a Lyft or Uber vs Taxi. For one, Uber and Lyft do not limit how long someone must have been licensed to drive for them. Someone could’ve moved to the US a few weeks ago, obtain a Driver’s License and as long as they have access to a qualifying car and pass a MINIMAL background check – they are approved. Nobody trains them, monitors them, or ensures that they are familiar with the area in which they drive.

The city highly regulates taxi drivers. They require taxi drivers to go through numerous EXTENSIVE background checks. Only then does the city in which they operate in allow them to start transporting people. Many cities require taxi and limo drivers to obtain a Hack License or Chauffeurs license. That means they have endured many hours of classroom-style and behind-the-wheel training.

Besides safety concerns regarding the driver, there are concerns around the vehicle. All taxi companies start their days by inspecting vehicles. They are required to get a vehicle inspection yearly to keep their operating permit. Lyft or Uber vs Taxi vehicles are not regulated at all. Once the driver is approved, there isn’t much regulation unless the ride share vehicle is in an accident.

With ride sharing, you are taking a risk as to who you are getting into a vehicle with. You could end up getting into a vehicle of someone with a criminal background who is dangerous. Even more concerning, I have heard of people leasing or renting out their Uber or Lyft accounts. So, for someone who doesn’t qualify themselves, they will find someone who does qualify. They’ll have to go through the approval process and use someone else’s account to work. That freaks me out, a lot.  When comparing Lyft or Uber vs Taxi, this type of situation would not happen. That’s because fleet owners know exactly who they are leasing the cab out too.

2) Insurance

Insurance issues are a huge concern when riding in a Lyft or Uber vs Taxi vehicle (and I’ll admit, I do use ride sharing apps regularly). Despite being an insurance broker who specializes in Public Auto

lyft or uber vs taxi ridesharing cost and safety

Transportation risks (specifically for-hire, livery businesses such as Taxi’s, Limo’s, Non-Emergency Medical Transportation, shuttles, etc), I often hop into a Lyft or Uber vs Taxi because, let’s face it, it’s super easy.  Hop on an app, order a car, and it will arrive in 4-5 minutes. This is especially the case when you’re in a residential or suburban area where cabs aren’t just lined in the street waiting for their next fare. I often think about what would happen if the car I am in was involved in an accident.

I am extremely knowledgeable on the coverages that Uber and Lyft’s insurance policy include and it’s spotty at best. For one, the driver and passenger are only covered if the app is on and the driver is logged in. What if there is a technical issue and the driver is logged out? If their phone dies, what now? What if they’re in an area with poor reception and the driver is disconnected from the app? A passenger could be held responsible for injuries incurred. Additionally, the majority of ride share drivers do not have commercial insurance. Plus, Uber and Lyft require drivers to turn the claim into their personal auto carrier before they’ll accept liability.

Commercial auto insurance is expensive, about 2 – 5 times higher than personal auto and most ride share drivers do not buy it because their profit margin on operating is thin. They pay for the vehicle itself, maintenance of the vehicle, gas and almost every TNC driver who calls for a quote on commercial auto insurance so that they can be properly insured does not buy it because no one is making them. This means the only coverage they have for their vehicle and the passengers is through Uber or Lyft, which all hinges on the driver being logged into the app.

3) Accessibility

lyft or uber vs taxi ridesharing cost and safetyAccessibility and ease of getting a ride from an airport, in my opinion is far greater for a taxi than a ride sharing unit. When deciding on an Lyft or Uber vs Taxi, typically, I exit a plane and walk straight to a taxi to my destination. I don’t have to rely on my signal being strong enough for the app to work. I don’t have to wait for the car to come through traffic or walk to somewhere off the premises to get a ride. In some airports, they don’t allow ride share units to pick up. If they do, you often have to go up a level to the departure area or walk to a far end of the airport. When I get off a plane, I personally prefer to get straight into a car and quickly be on my way.

On my last trip to San Francisco, I saw a sign that said Ride Share pick up and I could see a side walk with several waiting areas. According to my app, Ride Share would be about 75% of the cost of a cab. I looked at the taxi line and it was empty and there was car waiting. For experimental purposes, I sacrificed my usual cab ride for a Lyft ride to see if it was actually faster and cheaper. I logged into my Lyft app and requested a vehicle. Because the airport was busy, it took 5 minutes for a driver to accept my ride plus 15 minutes for them to actually pull up to the curb. The whole time I kept my eye on the taxi line. I watched person after person get into a cab and drive away.

I wanted to cancel my ride as I had a meeting to get to, but I wanted to complete the experiment. When my driver arrived, the car was new and clean. No complaints. But by the time we sat in traffic and crossed the Bay Bridge from Oakland into San Francisco, the price was literally the same as a taxi. And it delayed my arrival by 30 minutes.

4) Pricing

lyft or uber vs taxi ridesharing cost and safety

Pricing for a ride share trip isn’t consistent. Taxi’s are transparent on how much they charge and most have the pricing displayed on the vehicle. During my last trip to Las Vegas, I spoke with a conference attendee. She complained the surge pricing was triple that of a taxi when she wanted dinner on the strip. And the taxi was ready to go right there. I also found this to be true during my last trip to Denver.

I’ve gone two years in a row for three days of Phish. The band is best known for their musical improvisation, extended jams largely influenced by Grateful Dead, Led Zeppelin, and their dedicated fanbase. The first year we went, we tried to order a Lyft. The price was about $150 to literally go 11 miles!

At 7 am in Times Square, I left my hotel.  My return flight home awaited. It was 30 degrees outside with some expected snow. Out of habit, I opened by Lyft app to find a driver 4 minutes away. As I exited the warm hotel lobby to the frigid air of the NYC streets, I saw a cab waiting right there. I waited a few minutes staring at my phone as the Lyft driver slowly creeped through traffic up the block. I asked the driver if he was available to take me to the airport, and he was. So, I cancelled that Lyft ride and walked straight into a fully insured, inspected vehicle with a professional trained driver. It was a flat fee of $55 which was the same price my Lyft app was quoting had I waited for it.

5) Supporting a local business

lyft or uber vs taxi ridesharing cost and safety

Supporting a local business rather than the corporate monopoly is another reason to consider when deciding between a Lyft or Uber vs Taxi. In a world where Google and Amazon dominate, it’s gratifying to support the local population directly. Most cab companies are the result of families passing down their businesses from generation to generation. In today’s world, it feels as if many businesses are struggling because of the monopoly of corporations that are taking over in so many industries.

It’s hard for me to be ok with living in a world where everything is giant corporation. What does that mean for the rest of us? As the world changes and modes of transportation evolve, many feel taxi cabs will one day be extinct. But many taxi companies are revitalizing and evolving their business models to withstand the test of time. They are upping their standards when it comes to the quality of vehicles they buy. Moreover, they are investing in technology to create booking apps so that they can appeal to the smart-phone dependent generation.

 

Although Uber and Lyft may seem like the cheaper and more convenient option, I strongly urge you to think about all of the above issues around big box ride sharing companies. Is it really worth risking your time, your wallet and most importantly your life – all because it feels easier?

 

More about us: American Business Insurance for taxi companies: https://abiweb.com/services/taxicab-insurance/

A Complete Guide to Insuring On Demand Delivery Start-Ups

There is a growing need for On Demand Delivery Start-Ups. Although it may seem easy enough to do, few think of the potential liabilities and insurance coverage they will need to get started. Many of us are still working remotely and might not ever return to the office. We will also continue to turn to the convenience of ordering food and goods through the click of a button.

Nationwide states are opening their doors for business to resume, but the psychological effects of COVID-19 are everlasting. Restaurants and retail stores are ready for in person dining and shopping, but many people are not rushing out of their houses.

People will still want to social distance and refrain from unnecessary trips to the store. Others now prefer the time saving convenience of Instacart, Amazon and DoorDash.

When COVID first hit, Amazon and Instacart could not keep up with the demand. Amazon Prime members were no longer getting 2-day shipping and Instacart deliveries were hard to come by. There were days I would check the app several times throughout the day for a delivery slot just to avoid going to the grocery store.

Moreover, you may have found that contacting your local insurance broker to handle insurance for On Demand Delivery Start-Ups just isn’t working – and we know why!

 

Finding the Right Broker for On Demand Delivery Start-Ups

On Demand Delivery Start-Ups
UberEats was one of a few On Demand Delivery Start-Ups that have grown in popularity since COVID-19.

If you are planning to be the next Postmates or DoorDash, you need to prepare and think about insurance before  launching On Demand Delivery Start-Ups. One of them is finding the right broker.  Not all brokers are created equal. You will need to find someone that has access to more than one carrier writing Hired & Owned if you are planning to utilize a peer to peer model. If you are planning to own a fleet of vehicles, contacting American Business Insurance will allow you to utilize our Period X™ platform for when vehicles are not operating. We are also close to launching a Period 0™ platform for when cars log into the app.

Commercial auto insurance can be expensive, but ABI is able to connect with your IT team to fully integrate with your app. This means you can spend more time running and growing your business. Which in turn, equates to less time handling insurance.

With our CarTeq™ technology, we provide oversight to On Demand Delivery Start-Ups which is essential (no pun intended) to any successful business.

 

Be Prepared for the Insurance Buying Process

Create the app and have it mostly finished before you start shopping for insurance. Underwriters will want to see what your app looks like before quoting. Many will not spend time quoting your account until they know the app or website is close to completion.

Have a business plan and projection. Many carriers want to see a certain level of planning and investment has been done before quoting. They will usually ask for financials and a marketing plan. They want to see a safety manual (we can help you with that!) and feel comfortable that the On Demand Delivery Start-Ups will be able to compete with the Postmates and DoorDashes of the world.

Create a bio or resume for all key officers. Insurance companies like to see where you came from and how you ended up in the ODD (on demand delivery) space.

Understanding the costs. Most insurance companies have minimum annual premiums ranging from $75,000-150,000. Financing options are available but be ready to put at least 20% down. Sometimes, these premiums are minimum regardless if you operate 1 day or a full year.

Shopping around. There is an abundance of personal auto carriers out there. But, there are only a handful of companies offering insurance for On Demand Delivery Start-Ups. American Business Insurance works with them all. So, there is no need to shop around. Who doesn’t love one stop shopping?

 

So Much to Do, So Little Time to Do It

There is a lot to think about when navigating the insurance buying process for On Demand Delivery Start-Ups, but lucky we are here to help! We’ve helped many others with integrating insurance into their business and we are at the forefront of Insurance Technology.

Not sure where to begin? The first step is contacting us for a full business plan review and insurance quotes. From Full Commercial Auto Liability Insurance, Hired & Non-Owned, Workers Compensation, Directors and Officers Coverages as well as Employment Practices Liability Insurance – we are excited to hear what you have cooking and how we can help move On Demand Delivery Start-Ups forward.

 

Written by Laura Loftus who is the Executive Broker/Sales and Marketing Manager at American Business Insurance Services, Inc. She has more than 10 years of experience insuring business in the For-Hire, Livery, Transportation Network Company, On Demand Delivery & Shared Economy industries. Looking for a quote on your business?  Call us Monday – Friday, 8 am to 5 pm pacific: 800-980-1950 or email us anytime!

 

 

 

 

NEMT Insurance in Utah

Looking for NEMT Insurance in Utah?

Are you looking for a professional insurance agency that knows the ins-and-outs of Non-Emergency Medical Transportation, or NEMT Insurance, in Utah? American Business Insurance Services specializes in helping companies find and maintain the best amount of insurance. Our goal is to make sure that your business, employees, and customers are all protected without breaking the bank. We know that unlike standard automobiles, even a fender bender can create circumstances for a large claim due to the potentially fragile passengers being transported.

NEMT Services in UtahAmerican Business Insurance provides professional advice that will help you fully cover your business from all liabilities that could hurt your company. With this consultative-style approach, we are able to recommend the most comprehensive and most cost-effective NEMT insurance for your business. American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Utah as well as nearly every other state in the U.S.

NEMT Insurance in Utah for Company Fleets

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws, we want the best care for them. But sometimes, our lives get a bit hectic and busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need. The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

NEMT Insurance in Utah

Even for those who have loved ones nearby, it’s not always convenient or possible to be available at all hours. Non-emergency medical transportation in Utah can be very advantageous for individuals who are unable to use conventional transportation means. NEMT services in Utah have several benefits. First off, medical transportation services in Utah provide some of the safest transportation options available. Moreover, NEMT services are health-focused – which can be especially important for those with a disability or health condition, as well as the elderly.

non emergency medical transportation vehicle

As a NEMT business owner, this is where your company comes into play. If you are a NEMT agency that operates fleets in Utah, it’s especially important that you have NEMT insurance. American Business Insurance works with agencies to provide the best available coverage. Having the right NEMT insurance in Utah is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies in Utah as well as nationwide, creating customized policies to best serve the client’s needs.

How to Decide on NEMT Insurance for Your Company Fleet

There are a lot of factors that go into finding the best NEMT insurance coverage for your non-emergency medical transportation’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs.

  • Are the majority of your trips for passengers ambulatory or non-ambulatory?
  • Does your company contract with LogistiCare or other providers with strict insurance requirements?
  • Do your vehicles have lifts or ramps?
  • Do your vehicles include backup cameras so your drivers can see whether or not someone in a low wheelchair is behind the vehicle when backing?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life-changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Coverage Requirements for Paratransit and NEMT Companies

It’s crucial to know exactly what’s in your NEMT coverage contract. At American Business Insurance, we examine the contract providers and the requirements that they have. For example, let’s look at LogistiCare.

  • $1,000,000 Combined Single Limit of Auto Liability Coverage
  • Hired & Non-Owned Coverage (Symbols 2,8,9)
  • Loading & Unloading Coverage
  • General Liability Coverage at $1,000,000 per incident $2,000,000 Aggregate
  • Sexual Abuse and Molestation Coverage (limits can vary by location)

There are other requirements in addition to the ones listed above. However, if you are missing any of those items on your insurance policy, LogistiCare will suspend your account. Many large Non-Emergency fleets have a long list of additional interests that have different insurance requirements.

Typically, we will ask for a copy of the provider insurance section of the contract to make absolutely sure that we’ve gotten your coverage written correctly. American Logistics, SoutheastTrans, and other NEMT providers have extremely particular requirements for coverage to protect them. Why is this? One answer: safety.

How Can American Business Insurance Services, Inc. Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Utah off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Instagram, Facebook, LinkedIn.

The Best NEMT Insurance in Texas

For-Hire Livery Insurance

For-hire livery insurance is a type of commercial auto coverage. Businesses use this for vehicles that generate revenue from transporting people. The most common types of for-hire livery insurance include taxi insurance, black car/limousine insurance, non-emergency medical transportation NEMT insurance, and ride share insurance.

What is NEMT and NEMT Insurance?

Non-emergency medical transportation, commonly called NEMT or Paratransit, vehicles are used to transport people who need help traveling to and from appointments for medical treatment. NEMT insurance is a type of livery coverage that protects business vehicles. These vehicles transport patients to medical appointments on a pre-arranged basis. NEMT insurance differs from other forms of livery insurance in a few ways. Unlike taxi services, Medicaid or medical service providers typically compensate NEMT businesses. It’s important to note that EMT vehicles lack the lightbars and sirens commonly found in ambulances and other emergency vehicles. Minivans, passenger vans, and SUVs are among the most common commercial autos for non-emergency medical transportation. 

Your search for a professional insurance agency that knows the ins-and-outs of NEMT insurance is over! American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Texas as well as several other states in the U.S.

NEMT van

Texas NEMT and Background

In Texas, the major hubs are Houston, San Antonio, Dallas, Austin, and Fort Worth. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic can be slow-paced, finding parking can be a burden. Sometimes, a doctor’s visit can take the whole day.

This is when paratransit service or NEMT comes into play. Many NEMT agencies operate fleets in Texas that American Business Insurance works with to provide the best available coverage. Those seeking transportation can be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right NEMT insurance in Texas is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they’ll look into the NEMT company to make sure their loved one is safe and protected. American Business Insurance provides NEMT insurance to companies nationwide. We do so while creating customized policies to best serve our clients’ needs.

How Much Does NEMT Insurance in Texas Cost?

This is typically the first and most frequent question American Business Insurance gets when quoting public auto insurance policy. There’s no sense in wasting time with an agent who can’t get you a better rate than you already have. Depending on where you operate, American Business Insurance can give you an indication based on the premiums of other similar risks in the area. If you own a NEMT business and are looking for NEMT insurance in Texas for your fleet, you’ve come to the right place.

American Business Insurance has a system to research other accounts in your area that have similar coverage limits to you. Therefore, we can usually ball-park based on this data. We’ve had accounts in rural Kentucky, for instance, with annual rates as low as $800 per car. This isn’t a typical rate, but it does happen. Therefore, the best thing to do is provide us with all the information you can. This way, we can shop your application out to all of our carriers. Then we do our thing and get back to you with a firm quote that makes sense for you. We have flexible financing options. Moreover, we will always work with you the best we can to make your coverage as affordable as possible. 

Paratransit/NEMT Insurance in Texas at American Business Insurance Services, Inc.

At American Business Insurance, our goal is to build long-lasting, valued, and trusted relationships. Our mission is to create an understanding of our clients. We want our clients to know they’re at the forefront of our business. American Business Insurance, commits to professional excellence and delivers commitments on time, and of the highest caliber. Also, we use only the best practices in the industry through our stringent processes and systems. These let you run your Texas NEMT service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your NEMT policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, you can make changes to your policy online at any time – day or night. This is essential in running a business that operates 24/7.

We do the leg work for you. We have built strong, long-term relationships with our carriers of NEMT insurance. This way, we can find you the best policy to match your NEMT business needs. We have over 35+ years of experience in insuring commercial auto fleets. This makes American Business Insurance Services, Inc. quick and efficient in finding the best carrier options.

How Can We Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Texas off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Facebook, LinkedIn, and Instagram.

Uber Freight and Commercial Trucking Insurance

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Uber Freight and Commercial Trucking Insurance

In May of 2017, Uber launched one of their newest services Uber Freight. Uber Freight is an exciting, new trucking app that matches vetted drivers with long-haul routes. The app allows drivers or dispatchers to book and confirm routes with the tap of a button. They have the choice to filter the routes they search for by pickup, destination, the offered price, and other factors. Uber Freight is designed to work for carriers of any size. Although, the service is particularly attractive to small fleets and independent owner-operators. In order for trucking fleets and owner-operators to work with Uber Freight they need to have the proper Commercial Trucking Insurance.

 

How Does Uber Freight Work? What are the advantages?

Uber Freight was created with the business model to appeal to smaller fleets and independent truck drivers. Therefore, the app is designed to give more power to operators and solve many problems drivers have with traditional freight brokerage. Before Uber Freight, drivers or Uber Freightoperators would have to make multiple calls to schedule loads. Now the booking process is streamlined. Booking is made simple through the app. As easy as Uber makes it to schedule a car to pick you up on the curb, they make it just as convenient for commercial truck drivers to schedule loads and routes.

Another problem drivers have with traditional methods are delayed payment. The standard for payment is 30 to 60 days, but with Uber Freight drivers can receive payment about seven days after completion. This allows small trucking fleets or owner-operators to continuously operate at full capacity when repairs and other issues arise. A third problem Uber Freight solves is the problem of deadhead miles. Deadhead miles are the number of miles commercial truck drivers drive from the point of unload to the point where their new load is ready to pickup. Uber Freight accounts for this and compensates drivers. Furthermore, the app also features a “Take Me Home”. This setting helps drivers book loads that will take them back home while still earning income.

Uber Freight is still in its beginning years, but with the way they are operating and handling freight brokerage, they are hoping to transform the industry. They are positioning themselves as a drivers first service. They believe that when drivers are empowered and delivery is more efficient all businesses run better. Take a look at the partnership that Uber Freight has with Ocean Spray, and you’ll see how this new service works.

Commercial Trucking Insurance 

As Uber Freight is very much geared towards smaller fleets for the time being, operators need to do all they can to protect their small businesses. We at American Business Insurance Services, Inc. are here to help. Commercial Trucking Insurance or Delivery Insurance is tremendously important to the safety and security of drivers, their freight, and their business. If you are thinking about contracting through Uber Freight, you will have to have the proper insurance coverage. At American Business Insurance Services, Inc. we shop all the currently competitive markets for you. By doing this we can find you the best coverage to fit your specific needs in the commercial trucking industry. 

 

Why You Need Coverage?

American Business Insurance Services, Inc. has identified the Uber Freight business model as one that will likely transform the way the freight delivery industry operates. The seamless Uber Freightadaption of this technology to all types of businesses, that have shipping needs, has allowed for convenience of scheduling, more carrier options for businesses, and expedited delivery.

Our team of licensed brokers are well aware of the coverage you will need as a delivery fleet or owner-operator service. Furthermore, some of the common types of coverage that apply to delivery and commercial trucking businesses are:

  • Auto Liability to protect bodily injury of all parties
  • (Auto)Property Damage to cover damage to property
  • Comprehensive & Collision to protect against most causes of loss to your vehicle(s)
  • Personal Injury or Medical Coverage
  • Cargo Coverage

Contacting American Business Insurance Services, Inc. will guarantee that you are fully covered under a commercial auto policy and allow you to operate your fleet with Uber Freight.

Why American Business Insurance Services, Inc.?

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients that they are at the forefront of our business. Consequently, we strive to make sure we know our clients business thoroughly to create a true partnership. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time and of the highest caliber. Therefore, we use only the best practices in the industry. Through our stringent processes and systems we let you operate your commercial trucking or delivery service with confidence.

In conclusion, the Uber Freight business model could transform the way trucking operates and we understand that. As the business changes we at American Business Insurance Services, Inc. adapt with the change to provide the best types of coverage for clients.

To get a quote for your commercial trucking fleet or delivery service Click Here.

 

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American Business Insurance Services, Inc

PERIOD X™ Fleet Management Software with Insurance Built In

Period X™ Quote

What is Period X™ insurance and how does it work to help you manage your fleet?

American Business Insurance Services, Inc. developed Period X™ for fleet owners or individuals that are renting their cars out on a car sharing platform. This applies to platforms such as Turo, HyreCar or GetAround.  This coverage comes with fleet management software through a web-based dashboard at no extra cost to your policy. This fleet management software comes with tools to ensure your fleet is running at maximum efficiency. When managing your fleet that operates through a Transportation Network Company, the coverage is usually provided to the renter through TNC Provider Insurance. It is important for fleet operators to know that insurance is not supplied through TNC Provider Insurance when the car is not rented out. Of course you want to make sure your car is covered at all times. That’s where our proprietary Period X™ insurance coverage comes into play.

 

 

What a Period X™ Insurance Policy Provides

Our Period X™ Insurance policy provides more than the minimum state limits in
almost all 50 states. A comprehensive insurance product to cover fleets that
are being rented out on Peer to Peer (P2P) rental platforms such as the ones mentioned above. Our product is one of a kind. If you are renting your vehicles out on P2P rental platforms PERSONAL INSURANCE DOES NOT COVER YOU for this type of business model.

fleet management

An insurance policy with fleet management software

We didn’t stop at just putting the Period X™ insurance product together, we did a lot more.  Every Period X™ policy holder receives a proprietary device for each vehicle that they insure. This includes a fleet management web-based dashboard to manage your fleet.  It would be one thing just to have proper coverage that nobody can offer, but below are some of the additional services we provide as part of this coverage:

  • Ability to add/delete vehicles online

  • GPS track each and every car at all times

  • Check billing

  • Access ID cards and so much more fleet management tools

Period X™ is fleet tracking with the insurance built in!

Why we created Period X™ with fleet management software

As usual, the best place to start is always the beginning. To make a long story much shorter, in the beginning there were taxicabs. When taxicabs were the only animal of their kind roaming the earth, life was simple and there was only one period of time. Things were pretty easy. If you needed insurance for a taxicab, you got a taxicab insurance policy that covered that taxi company 24 hours a day, end of story. fleet management software

Then, not too long ago, something called Uber and Lyft came onto the scene.  All of the sudden, things got complicated really fast in the insurance world.  These companies found that if they divided their insurance policy into separate periods of time, and that each period had a coverage limit assigned to it. This made it possible to reduce their exposure (and their insurance premiums) to maximize profits.

Then, we had another new company (HyreCar) facilitating TNC rentals between rideshare drivers that needed cars and vehicle owners who wanted to make money by providing those cars.  The term peer-to-peer rentals was coined.  

A New Problem Arises

Initially, the idea was that personal insurance would cover the party that was renting their vehicle out to the TNC drivers as long as they only had one or two cars. It did not take long for vehicle owners to see that they were netting $700+ a month per car. Seeing such great results, this resulted in the vehicle owners adding more and more cars until they had fleets. Vehicle owners now had 10, 20, or even 30+ cars, which is not covered by personal auto insurance. This issue lead to the need for the Period X™ product to be created since personal insurance doesn’t cover fleets that are primarily used to make money via rental app platforms and especially not TNC rentals.

Napkin math ensued and a new problem emerged: 

“How do I place insurance on my fleet of cars under an LLC or Corp and keep my personal lines insurance pricing?”  

The answer to that question is: Period X™ Insurance!  Our agency was the brains behind this exciting new insurance product. We are now positioned to bring it to the masses! Now, fleet owners who place their inventory on platforms such as; HyreCar, Turo, GetAround & similar peer-to-peer rental platforms have access to a reasonably priced app-based insuranceinsurance product that covers their fleet for only the period of time when the vehicle is not rented out and is being serviced and maintained to ready the car for the next rental.  

There are articles upon articles online in regards to Periods 1,2 & 3 and why they are the way they are. The basic idea is that when a rideshare driver has the rideshare app off, then the rideshare company has no involvement in what that driver does with their car. This results in no insurance for that period of time.  The instant the rideshare app is on and the driver is engaged with it, Period 1, 2 & 3 begins and typically state minimum auto liability limits apply.

fleet management software

 

Breaking down insurance policies divided into separate periods of time:

After the app is turned on and driver is engaged with Period 1, they scan for rides
they’d like to take. The instant the driver accepts a ride, they have entered Period 2. The insurance coverage offered by the rideshare providers increases a bit more to cover incidents that might occur while the driver is on their way to pick up a passenger.

insurance policy

The last (for now) action involved in a typical rideshare exchange is that the driver arrives at the pick-up destination. The instant the passenger(s) get into the driver’s car, Period 3 is activated. 

TNC insurance policy

Period 3 typically involves $1,000,000 of auto liability coverage via the rideshare company insurance policy. This is the riskiest period of time, because any accident occurring during that period fully engages the rideshare provider and all participants involved with that ride.

Period Policies for Commercial Auto Working Together

The “Period 1,2 & 3” policy setup is now the industry standard for app-based transportation companies that offer rides as a service. Now with American Business Insurance Services, Inc. Period X™ insurance coverage, fleet managers are able to go beyond the industry standard. With our Period X™, coverage never slips through the cracks making sure your TNC fleet is protected at all times.

After Uber & Lyft had been around for a couple of years, opportunity-minded people started to notice the great deal of demand for vehicles from drivers who wanted to make money driving for TNC companies, but did not have the means to purchase, lease or finance a vehicle for various reasons.

A few select companies have established a niche in this territory and filled this demand successfully.  These companies didn’t only see this driver need for vehicle inventory in the marketplace. They saw plenty of regular people out there that are not always driving their personal vehicles, or who were interested in purchasing vehicles for the sole reason of renting them out to TNC drivers who needed them. This is an industry that expected to have rapid growth. When creating a TNC company having the proper policy coverage protects your business and livelihood. 

Contact Us For Full Details on Period X™ and our Fleet Tracking Software

We’d love to tell you everything about this program because we’re SO excited about this new product. We can’t just give away all our secrets at once, can we? What we can tell you is that we’re open in most U.S. states, have a full-time I.T. department dedicated to continuously evolving the technology behind this product. Our experienced team of licensed professionals are excited to talk to you about how you can get Period X™ Insurance on your fleet. Give us a call today! Let’s solve your fleet insurance / management problems so you can get back out there and make some money!

Call Today: (800) 980-1950

https://abiweb.com/

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Paratransit Service Insurance in California

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Paratransit Service Insurance in California for Company Fleet of 15+ Vehicles

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws- we want the best care for them. But the thing is people are busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need.

paratransit service

The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

California NEMT and Background

In California, the major hubs are Los Angeles, San Diego, San Jose, and San Francisco. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. 

Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic is horrendous, finding parking is a nightmare, and a whole day could be filled with a doctor’s visit.

This is when paratransit service or NEMT comes into play. There are many paratransit agencies that operate fleets of 15+ vehicles in California that American Business Insurance Services, Inc. works with to provide the best available coverage. Those seeking transportation are able to be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right paratransit fleet insurance is essential in making sure your business and customers are covered in case of an incident. 

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies nationwide creating customized policies to best serve our clients needs.

How to Decide on Paratransit/ NEMT Insurance For Your Company Fleetparatransit service

There are a lot of factors that go into finding the best insurance coverage for your Paratransit Company’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs. 

  • Do your vehicles have lifts or ramps? 
  • Do your vehicles include backup cameras? 
  • Are the majority of your trips for passengers ambulatory or non-ambulatory? 
  • Do you contract with LogistiCare or other providers with strict insurance requirements?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having the proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Paratransit/NEMT Insurance at American Business Insurance Services, Inc.

paratransit service

At American Business Insurance Services, Inc., our goal is to build long lasting, valued and trusted relationships. Our mission is to create an understanding with our clients because we want them to know they are at the forefront of our business. American Business Insurance Services, Inc. is committed to professional excellence, delivering on commitments on time, and of the highest caliber. In addition, we use only the best practices in the industry through our stringent processes and systems that let you operate your California paratransit service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your Paratransit policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, policy changes can be made online at any time – day or night. This is essential in running a business that also operates 24/7.

We promise to do the leg work for you. We have built strong long term relationships with our carriers of paratransit insurance in order to find you the best policy to match your business needs. Our 35+ years experience in insuring commercial auto fleets makes American Business Insurance quick and efficient in finding the best carrier options.

Get a quote today!

  Top 5 Issues When Choosing Lyft or Uber vs Taxi

Top 5 Issues When Choosing Lyft or Uber vs Taxi

Written by Laura Loftus on Wednesday, December 5th, 2018

lyft or uber vs taxi ridesharing cost and safety

With travel increasing as we approach the holidays, many of us default to using a Lyft or Uber vs Taxi because we are under the impression that it’s faster, cheaper and all around more convenient than taking a taxi. However, I have a different perspective. As a west-coast based insurance broker who has clients all over the country, I tend travel about once every two months or so.

Most recently, I’ve visited San Francisco, New York City, Denver and Las Vegas for work meetings. I have to tell you, there were times where hopping into a cab was not only easier but also less money than their TNC counterparts.

Nowadays, people seem to think taxis are antiquated. But in reality, taxis are the same thing as an Uber or Lyft app, and I honestly feel safer in a cab. Here’s why.

1) Safety

Safety is my top concern when entering into a Lyft or Uber vs Taxi. For one, Uber and Lyft do not limit how long someone must have been licensed to drive for them. Someone could’ve moved to the US a few weeks ago, obtain a Driver’s License and as long as they have access to a qualifying car and pass a MINIMAL background check – they are approved. Nobody trains them, monitors them, or ensures that they are familiar with the area in which they drive.

The city highly regulates taxi drivers. They require taxi drivers to go through numerous EXTENSIVE background checks. Only then does the city in which they operate in allow them to start transporting people. Many cities require taxi and limo drivers to obtain a Hack License or Chauffeurs license. That means they have endured many hours of classroom-style and behind-the-wheel training.

Besides safety concerns regarding the driver, there are concerns around the vehicle. All taxi companies start their days by inspecting vehicles. They are required to get a vehicle inspection yearly to keep their operating permit. Lyft or Uber vs Taxi vehicles are not regulated at all. Once the driver is approved, there isn’t much regulation unless the ride share vehicle is in an accident.

With ride sharing, you are taking a risk as to who you are getting into a vehicle with. You could end up getting into a vehicle of someone with a criminal background who is dangerous. Even more concerning, I have heard of people leasing or renting out their Uber or Lyft accounts. So, for someone who doesn’t qualify themselves, they will find someone who does qualify. They’ll have to go through the approval process and use someone else’s account to work. That freaks me out, a lot.  When comparing Lyft or Uber vs Taxi, this type of situation would not happen. That’s because fleet owners know exactly who they are leasing the cab out too.

2) Insurance

Insurance issues are a huge concern when riding in a Lyft or Uber vs Taxi vehicle (and I’ll admit, I do use ride sharing apps regularly). Despite being an insurance broker who specializes in Public Auto

lyft or uber vs taxi ridesharing cost and safety

Transportation risks (specifically for-hire, livery businesses such as Taxi’s, Limo’s, Non-Emergency Medical Transportation, shuttles, etc), I often hop into a Lyft or Uber vs Taxi because, let’s face it, it’s super easy.  Hop on an app, order a car, and it will arrive in 4-5 minutes. This is especially the case when you’re in a residential or suburban area where cabs aren’t just lined in the street waiting for their next fare. I often think about what would happen if the car I am in was involved in an accident.

I am extremely knowledgeable on the coverages that Uber and Lyft’s insurance policy include and it’s spotty at best. For one, the driver and passenger are only covered if the app is on and the driver is logged in. What if there is a technical issue and the driver is logged out? If their phone dies, what now? What if they’re in an area with poor reception and the driver is disconnected from the app? A passenger could be held responsible for injuries incurred. Additionally, the majority of ride share drivers do not have commercial insurance. Plus, Uber and Lyft require drivers to turn the claim into their personal auto carrier before they’ll accept liability.

Commercial auto insurance is expensive, about 2 – 5 times higher than personal auto and most ride share drivers do not buy it because their profit margin on operating is thin. They pay for the vehicle itself, maintenance of the vehicle, gas and almost every TNC driver who calls for a quote on commercial auto insurance so that they can be properly insured does not buy it because no one is making them. This means the only coverage they have for their vehicle and the passengers is through Uber or Lyft, which all hinges on the driver being logged into the app.

3) Accessibility

lyft or uber vs taxi ridesharing cost and safetyAccessibility and ease of getting a ride from an airport, in my opinion is far greater for a taxi than a ride sharing unit. When deciding on an Lyft or Uber vs Taxi, typically, I exit a plane and walk straight to a taxi to my destination. I don’t have to rely on my signal being strong enough for the app to work. I don’t have to wait for the car to come through traffic or walk to somewhere off the premises to get a ride. In some airports, they don’t allow ride share units to pick up. If they do, you often have to go up a level to the departure area or walk to a far end of the airport. When I get off a plane, I personally prefer to get straight into a car and quickly be on my way.

On my last trip to San Francisco, I saw a sign that said Ride Share pick up and I could see a side walk with several waiting areas. According to my app, Ride Share would be about 75% of the cost of a cab. I looked at the taxi line and it was empty and there was car waiting. For experimental purposes, I sacrificed my usual cab ride for a Lyft ride to see if it was actually faster and cheaper. I logged into my Lyft app and requested a vehicle. Because the airport was busy, it took 5 minutes for a driver to accept my ride plus 15 minutes for them to actually pull up to the curb. The whole time I kept my eye on the taxi line. I watched person after person get into a cab and drive away.

I wanted to cancel my ride as I had a meeting to get to, but I wanted to complete the experiment. When my driver arrived, the car was new and clean. No complaints. But by the time we sat in traffic and crossed the Bay Bridge from Oakland into San Francisco, the price was literally the same as a taxi. And it delayed my arrival by 30 minutes.

4) Pricing

lyft or uber vs taxi ridesharing cost and safety

Pricing for a ride share trip isn’t consistent. Taxi’s are transparent on how much they charge and most have the pricing displayed on the vehicle. During my last trip to Las Vegas, I spoke with a conference attendee. She complained the surge pricing was triple that of a taxi when she wanted dinner on the strip. And the taxi was ready to go right there. I also found this to be true during my last trip to Denver.

I’ve gone two years in a row for three days of Phish. The band is best known for their musical improvisation, extended jams largely influenced by Grateful Dead, Led Zeppelin, and their dedicated fanbase. The first year we went, we tried to order a Lyft. The price was about $150 to literally go 11 miles!

At 7 am in Times Square, I left my hotel.  My return flight home awaited. It was 30 degrees outside with some expected snow. Out of habit, I opened by Lyft app to find a driver 4 minutes away. As I exited the warm hotel lobby to the frigid air of the NYC streets, I saw a cab waiting right there. I waited a few minutes staring at my phone as the Lyft driver slowly creeped through traffic up the block. I asked the driver if he was available to take me to the airport, and he was. So, I cancelled that Lyft ride and walked straight into a fully insured, inspected vehicle with a professional trained driver. It was a flat fee of $55 which was the same price my Lyft app was quoting had I waited for it.

5) Supporting a local business

lyft or uber vs taxi ridesharing cost and safety

Supporting a local business rather than the corporate monopoly is another reason to consider when deciding between a Lyft or Uber vs Taxi. In a world where Google and Amazon dominate, it’s gratifying to support the local population directly. Most cab companies are the result of families passing down their businesses from generation to generation. In today’s world, it feels as if many businesses are struggling because of the monopoly of corporations that are taking over in so many industries.

It’s hard for me to be ok with living in a world where everything is giant corporation. What does that mean for the rest of us? As the world changes and modes of transportation evolve, many feel taxi cabs will one day be extinct. But many taxi companies are revitalizing and evolving their business models to withstand the test of time. They are upping their standards when it comes to the quality of vehicles they buy. Moreover, they are investing in technology to create booking apps so that they can appeal to the smart-phone dependent generation.

 

Although Uber and Lyft may seem like the cheaper and more convenient option, I strongly urge you to think about all of the above issues around big box ride sharing companies. Is it really worth risking your time, your wallet and most importantly your life – all because it feels easier?

 

More about us: American Business Insurance for taxi companies: https://abiweb.com/services/taxicab-insurance/

A Complete Guide to Insuring On Demand Delivery Start-Ups

There is a growing need for On Demand Delivery Start-Ups. Although it may seem easy enough to do, few think of the potential liabilities and insurance coverage they will need to get started. Many of us are still working remotely and might not ever return to the office. We will also continue to turn to the convenience of ordering food and goods through the click of a button.

Nationwide states are opening their doors for business to resume, but the psychological effects of COVID-19 are everlasting. Restaurants and retail stores are ready for in person dining and shopping, but many people are not rushing out of their houses.

People will still want to social distance and refrain from unnecessary trips to the store. Others now prefer the time saving convenience of Instacart, Amazon and DoorDash.

When COVID first hit, Amazon and Instacart could not keep up with the demand. Amazon Prime members were no longer getting 2-day shipping and Instacart deliveries were hard to come by. There were days I would check the app several times throughout the day for a delivery slot just to avoid going to the grocery store.

Moreover, you may have found that contacting your local insurance broker to handle insurance for On Demand Delivery Start-Ups just isn’t working – and we know why!

 

Finding the Right Broker for On Demand Delivery Start-Ups

On Demand Delivery Start-Ups
UberEats was one of a few On Demand Delivery Start-Ups that have grown in popularity since COVID-19.

If you are planning to be the next Postmates or DoorDash, you need to prepare and think about insurance before  launching On Demand Delivery Start-Ups. One of them is finding the right broker.  Not all brokers are created equal. You will need to find someone that has access to more than one carrier writing Hired & Owned if you are planning to utilize a peer to peer model. If you are planning to own a fleet of vehicles, contacting American Business Insurance will allow you to utilize our Period X™ platform for when vehicles are not operating. We are also close to launching a Period 0™ platform for when cars log into the app.

Commercial auto insurance can be expensive, but ABI is able to connect with your IT team to fully integrate with your app. This means you can spend more time running and growing your business. Which in turn, equates to less time handling insurance.

With our CarTeq™ technology, we provide oversight to On Demand Delivery Start-Ups which is essential (no pun intended) to any successful business.

 

Be Prepared for the Insurance Buying Process

Create the app and have it mostly finished before you start shopping for insurance. Underwriters will want to see what your app looks like before quoting. Many will not spend time quoting your account until they know the app or website is close to completion.

Have a business plan and projection. Many carriers want to see a certain level of planning and investment has been done before quoting. They will usually ask for financials and a marketing plan. They want to see a safety manual (we can help you with that!) and feel comfortable that the On Demand Delivery Start-Ups will be able to compete with the Postmates and DoorDashes of the world.

Create a bio or resume for all key officers. Insurance companies like to see where you came from and how you ended up in the ODD (on demand delivery) space.

Understanding the costs. Most insurance companies have minimum annual premiums ranging from $75,000-150,000. Financing options are available but be ready to put at least 20% down. Sometimes, these premiums are minimum regardless if you operate 1 day or a full year.

Shopping around. There is an abundance of personal auto carriers out there. But, there are only a handful of companies offering insurance for On Demand Delivery Start-Ups. American Business Insurance works with them all. So, there is no need to shop around. Who doesn’t love one stop shopping?

 

So Much to Do, So Little Time to Do It

There is a lot to think about when navigating the insurance buying process for On Demand Delivery Start-Ups, but lucky we are here to help! We’ve helped many others with integrating insurance into their business and we are at the forefront of Insurance Technology.

Not sure where to begin? The first step is contacting us for a full business plan review and insurance quotes. From Full Commercial Auto Liability Insurance, Hired & Non-Owned, Workers Compensation, Directors and Officers Coverages as well as Employment Practices Liability Insurance – we are excited to hear what you have cooking and how we can help move On Demand Delivery Start-Ups forward.

 

Written by Laura Loftus who is the Executive Broker/Sales and Marketing Manager at American Business Insurance Services, Inc. She has more than 10 years of experience insuring business in the For-Hire, Livery, Transportation Network Company, On Demand Delivery & Shared Economy industries. Looking for a quote on your business?  Call us Monday – Friday, 8 am to 5 pm pacific: 800-980-1950 or email us anytime!

 

 

 

 

NEMT Insurance in Utah

Looking for NEMT Insurance in Utah?

Are you looking for a professional insurance agency that knows the ins-and-outs of Non-Emergency Medical Transportation, or NEMT Insurance, in Utah? American Business Insurance Services specializes in helping companies find and maintain the best amount of insurance. Our goal is to make sure that your business, employees, and customers are all protected without breaking the bank. We know that unlike standard automobiles, even a fender bender can create circumstances for a large claim due to the potentially fragile passengers being transported.

NEMT Services in UtahAmerican Business Insurance provides professional advice that will help you fully cover your business from all liabilities that could hurt your company. With this consultative-style approach, we are able to recommend the most comprehensive and most cost-effective NEMT insurance for your business. American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Utah as well as nearly every other state in the U.S.

NEMT Insurance in Utah for Company Fleets

We all have loved ones, that at one time or another, are in need of consistent medical care. Whether they be our aging grandparents, parents, or even our in-laws, we want the best care for them. But sometimes, our lives get a bit hectic and busy. We can’t always find the time to escort our loved ones to doctor appointments and other medical treatment centers. Although, there are ways to make this process a little easier. Many families, hospitals, and doctor offices turn to Paratransit Service or Non-Emergency Medical Transportation (NEMT) providers to fill this need. The Americans with Disabilities Act of 1990, made paratransit service a daily reality for many Americans with disabilities. By providing transportation for those with disabilities, paratransit services are paramount to the well-being and mobility of thousands of Americans.

NEMT Insurance in Utah

Even for those who have loved ones nearby, it’s not always convenient or possible to be available at all hours. Non-emergency medical transportation in Utah can be very advantageous for individuals who are unable to use conventional transportation means. NEMT services in Utah have several benefits. First off, medical transportation services in Utah provide some of the safest transportation options available. Moreover, NEMT services are health-focused – which can be especially important for those with a disability or health condition, as well as the elderly.

non emergency medical transportation vehicle

As a NEMT business owner, this is where your company comes into play. If you are a NEMT agency that operates fleets in Utah, it’s especially important that you have NEMT insurance. American Business Insurance works with agencies to provide the best available coverage. Having the right NEMT insurance in Utah is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they will be looking into the NEMT company to make sure their loved one is going to be safe and protected.  American Business Insurance Services, Inc. provides NEMT insurance to companies in Utah as well as nationwide, creating customized policies to best serve the client’s needs.

How to Decide on NEMT Insurance for Your Company Fleet

There are a lot of factors that go into finding the best NEMT insurance coverage for your non-emergency medical transportation’s large fleet. Therefore, prepare to answer a few questions when working with American Business Insurance to find you the best quote to match your business needs.

  • Are the majority of your trips for passengers ambulatory or non-ambulatory?
  • Does your company contract with LogistiCare or other providers with strict insurance requirements?
  • Do your vehicles have lifts or ramps?
  • Do your vehicles include backup cameras so your drivers can see whether or not someone in a low wheelchair is behind the vehicle when backing?

Insurance companies ask these questions to ensure you are fully covered under your policy. At American Business Insurance Services, Inc., we guarantee the most thorough coverage for your large fleet. Furthermore, we have trained professionals who will take care of everything, and will guide you through the process of properly insuring your NEMT fleet most efficiently!

Why You (the Paratransit service/agency) Need Full Coverage

Having proper paratransit or NEMT insurance is critical to operating a successful transportation business. The services that paratransit automobile fleets accomplish for those in need is truly life-changing and deserves insurance that is equally up to par.

Moreover, the reason you (the Paratransit service/agency) need NEMT fleet insurance is to ensure the safety and reliability of your paratransit service company, protecting your passengers and your business.

Coverage Requirements for Paratransit and NEMT Companies

It’s crucial to know exactly what’s in your NEMT coverage contract. At American Business Insurance, we examine the contract providers and the requirements that they have. For example, let’s look at LogistiCare.

  • $1,000,000 Combined Single Limit of Auto Liability Coverage
  • Hired & Non-Owned Coverage (Symbols 2,8,9)
  • Loading & Unloading Coverage
  • General Liability Coverage at $1,000,000 per incident $2,000,000 Aggregate
  • Sexual Abuse and Molestation Coverage (limits can vary by location)

There are other requirements in addition to the ones listed above. However, if you are missing any of those items on your insurance policy, LogistiCare will suspend your account. Many large Non-Emergency fleets have a long list of additional interests that have different insurance requirements.

Typically, we will ask for a copy of the provider insurance section of the contract to make absolutely sure that we’ve gotten your coverage written correctly. American Logistics, SoutheastTrans, and other NEMT providers have extremely particular requirements for coverage to protect them. Why is this? One answer: safety.

How Can American Business Insurance Services, Inc. Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Utah off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Instagram, Facebook, LinkedIn.

The Best NEMT Insurance in Texas

For-Hire Livery Insurance

For-hire livery insurance is a type of commercial auto coverage. Businesses use this for vehicles that generate revenue from transporting people. The most common types of for-hire livery insurance include taxi insurance, black car/limousine insurance, non-emergency medical transportation NEMT insurance, and ride share insurance.

What is NEMT and NEMT Insurance?

Non-emergency medical transportation, commonly called NEMT or Paratransit, vehicles are used to transport people who need help traveling to and from appointments for medical treatment. NEMT insurance is a type of livery coverage that protects business vehicles. These vehicles transport patients to medical appointments on a pre-arranged basis. NEMT insurance differs from other forms of livery insurance in a few ways. Unlike taxi services, Medicaid or medical service providers typically compensate NEMT businesses. It’s important to note that EMT vehicles lack the lightbars and sirens commonly found in ambulances and other emergency vehicles. Minivans, passenger vans, and SUVs are among the most common commercial autos for non-emergency medical transportation. 

Your search for a professional insurance agency that knows the ins-and-outs of NEMT insurance is over! American Business Insurance Services, Inc. has been writing this class of business for over 35 years. Experience with NEMT coverage cannot be understated when you consider the vast requirements that apply to this type of policy. American Business Insurance currently offers NEMT insurance in Texas as well as several other states in the U.S.

NEMT van

Texas NEMT and Background

In Texas, the major hubs are Houston, San Antonio, Dallas, Austin, and Fort Worth. There are over 7 million people in these cities. Many of the elderly people living here need transportation to medical centers at all hours of the day. Even for those who are fortunate enough to have loved ones to drive them around, it’s not always convenient. Everyone living in these cities knows that traffic can be slow-paced, finding parking can be a burden. Sometimes, a doctor’s visit can take the whole day.

This is when paratransit service or NEMT comes into play. Many NEMT agencies operate fleets in Texas that American Business Insurance works with to provide the best available coverage. Those seeking transportation can be picked up at their specific location and then the NEMT vehicle discharges passengers on request at various hospitals or medical centers. Having the right NEMT insurance in Texas is essential in making sure your business and customers are covered in case of an incident.

When customers are looking to choose a paratransit service or agency to be responsible for their loved ones, they’ll look into the NEMT company to make sure their loved one is safe and protected. American Business Insurance provides NEMT insurance to companies nationwide. We do so while creating customized policies to best serve our clients’ needs.

How Much Does NEMT Insurance in Texas Cost?

This is typically the first and most frequent question American Business Insurance gets when quoting public auto insurance policy. There’s no sense in wasting time with an agent who can’t get you a better rate than you already have. Depending on where you operate, American Business Insurance can give you an indication based on the premiums of other similar risks in the area. If you own a NEMT business and are looking for NEMT insurance in Texas for your fleet, you’ve come to the right place.

American Business Insurance has a system to research other accounts in your area that have similar coverage limits to you. Therefore, we can usually ball-park based on this data. We’ve had accounts in rural Kentucky, for instance, with annual rates as low as $800 per car. This isn’t a typical rate, but it does happen. Therefore, the best thing to do is provide us with all the information you can. This way, we can shop your application out to all of our carriers. Then we do our thing and get back to you with a firm quote that makes sense for you. We have flexible financing options. Moreover, we will always work with you the best we can to make your coverage as affordable as possible. 

Paratransit/NEMT Insurance in Texas at American Business Insurance Services, Inc.

At American Business Insurance, our goal is to build long-lasting, valued, and trusted relationships. Our mission is to create an understanding of our clients. We want our clients to know they’re at the forefront of our business. American Business Insurance, commits to professional excellence and delivers commitments on time, and of the highest caliber. Also, we use only the best practices in the industry through our stringent processes and systems. These let you run your Texas NEMT service company with confidence.

Furthermore, most agencies take days or even weeks to process a vehicle or driver change on your NEMT policy. At American Business Insurance Services, Inc. we have a fast, easy, and user-friendly online customer portal that you will love. Our state-of-the-art agency portal allows you to manage your NEMT business 24 hours a day, 7 days a week. With this portal, you can make changes to your policy online at any time – day or night. This is essential in running a business that operates 24/7.

We do the leg work for you. We have built strong, long-term relationships with our carriers of NEMT insurance. This way, we can find you the best policy to match your NEMT business needs. We have over 35+ years of experience in insuring commercial auto fleets. This makes American Business Insurance Services, Inc. quick and efficient in finding the best carrier options.

How Can We Help?

If you have questions or are seeking further guidance, please don’t hesitate to contact us. Call us Monday – Friday, from 8 am to 5 pm PST: 800-980-1950 or email us anytime! We would love to help you get your NEMT business in Texas off the ground and paired with an insurer that’s right for you. Be sure to check out our social media: Facebook, LinkedIn, and Instagram.

Uber Freight and Commercial Trucking Insurance

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Uber Freight and Commercial Trucking Insurance

In May of 2017, Uber launched one of their newest services Uber Freight. Uber Freight is an exciting, new trucking app that matches vetted drivers with long-haul routes. The app allows drivers or dispatchers to book and confirm routes with the tap of a button. They have the choice to filter the routes they search for by pickup, destination, the offered price, and other factors. Uber Freight is designed to work for carriers of any size. Although, the service is particularly attractive to small fleets and independent owner-operators. In order for trucking fleets and owner-operators to work with Uber Freight they need to have the proper Commercial Trucking Insurance.

 

How Does Uber Freight Work? What are the advantages?

Uber Freight was created with the business model to appeal to smaller fleets and independent truck drivers. Therefore, the app is designed to give more